TagJoseph Lubin

A $100 Million CFTC-Registered Fund Makes Long-Term Bet on Ethereum


By CCN: Bloomberg’s Matthew Leising profiled  Darma Capital. It’s a $100 million crypto fund with a bullish view on Ethereum and a visionary approach to the future of the internet. You might say they’re long Ethereum above all. The hedge fund is helping high-net-worth accredited investors to position themselves for a decade long ether bull run. A key figure in Darma’s rise...

Joseph Lubin: Tether’s Rivals to Gain Traction amid Bitfinex ‘Mess’

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By CCN: The Bitfinex “mess” won’t be resolved anytime soon, charged Ethereum co-founder Joseph Lubin. His comments, which came on Thursday, come after a New York Supreme Court judge scathingly criticized the NY Attorney General who filed an injunction against Bitfinex and Tether. The office, led by AG Letitia James, contends Bitfinex and Tether committed fraud when it handled the hack that...

ConsenSys Founder Joe Lubin: Everything About Ethereum Must Improve

Joe Lubin

By CCN: On a day when the Ethereum price outperformed bitcoin, soaring more than 6%, the project’s co-founder is speaking out. Joe Lubin, who co-founded Ethereum and founded ConsenSys, the latter of which has dozens of projects “building on Ethereum,” was a guest on the Chain Reaction Podcast hosted by Delphi Digital Co-Founder Tom Shaughnessy. He confronted some of the...

Struggling Ethereum Giant ConsenSys Seeks $200 Million Raise at Billion-Dollar Valuation

Joe Lubin, Ethereum, ConsenSys

By CCN.com: Ethereum development studio ConsenSys is struggling financially and is now trying to raise $200 million from outside investors to stay afloat. The fundraising drive comes just four months after the Brooklyn-based blockchain startup laid off 13% of its workforce. ConsenSys has not yet commented on the rumors, which were reported by The Information. Sources say the crypto company wants...

Ethereum Won’t Fail: Joseph Lubin


It’s no secret Ethereum was among the hardest hit coins during the crypto winter after a tough year of regulatory uncertainty surrounding security tokens and ICOs. If anyone should seem worried, it would be blockchain pioneer Joseph Lubin, whose company ConsenSys is an incubator for Ethereum projects. Yet, he couldn’t appear further from losing sleep. Lubin was featured as the...

7 Months After Ethereum dApps Bet Was Made, Joseph Lubin Still Quiet On The Matter


Bitcoin engineer-turned-instructor Jimmy Song has said that seven months after Joseph Lubin announced a public bet with him concerning the future of Ethereum, the ConsenSys CEO is yet to put his money where his mouth is. It will be recalled that at Consensus 2018 in May, Lubin and Song announced an audacious wager onstage at the event for “any amount of bitcoin” on the premise that...

ConsenSys CEO Joseph Lubin on Layoffs: ‘Sky’s Not Falling, Future Is Very Bright’


Ethereum co-founder Joseph Lubin says the future of the crypto industry is so bright he has to wear shades, and called a bottom to the current bear market. “Peeking into 2019, if you could see the landscape through my eyes, you’d have to wear shades,” Lubin gushed in a lengthy tweetstorm (see below). Lubin — the CEO of blockchain startup ConsenSys — recently laid off 60% of his...

Ethereum Studio ConsenSys to Trim Workforce amid Bear Market Woes


Just as Steemit had done in the previous month, ConsenSys, the Ethereum-based studio, will be laying off about 13% of its total workforce as part of a move to ‘restructure’ the company. The company, which was founded by billionaire Joseph Lubin, co-founder and early investor in Ethereum, is now looking to reorganize in a market that is currently witnessing all-time lows on major cryptocurrencies...

Joseph Lubin: Forget Price — Ethereum Adoption is Growing Rapidly

Joseph Lubin Ethereum ConsenSys

In virtually every area, Ethereum, the largest smart contract blockchain protocol in the world, seems to be growing at an exponential rate. According to Joseph Lubin, the co-creator of Ethereum and the founder of ConsenSys, a blockchain software studio based in New York that houses 1,000 developers: “Blockchain is more than a market. It’s a movement. Market cap doesn’t refleft (sic) activity...

Ethereum Giant ConsenSys Tightens Belt, Will Axe Underperforming Projects

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Ethereum development studio ConsenSys, the New York-based blockchain startup, is restructuring as part of a move to streamline its business amid the crypto bear market. ConsenSys CEO Joseph Lubin, the co-founder of Ethereum, made the announcement in a company letter. “We must retain, and in some cases regain, the lean and gritty startup mindset that made us who we are,” Lubin wrote in...

Ethereum is a Few Years from ‘Profound Decentralization’ — But That’s OK: Co-Founder Joseph Lubin

Joseph Lubin Ethereum ConsenSys

Blockchain technology will power a monumental shift in society from a “scarcity to an abundance mindset.” These were the words of Ethereum co-founder Joseph Lubin speaking last week at the Web Summit in Lisbon, Portugal. Lubin’s Blockchain Impact Theory Delivering his keynote address at the event, Lubin, who is also the co-founder of Ethereum development startup...

Most Popular Ethereum Wallet MetaMask Finally Releases Mobile Client

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MetaMask, the most popular Ethereum and ERC20 token standard wallet developed by ConsenSys, has released its mobile client at DevCon. At DevCon, a major Ethereum-focused conference held in Prague, Czech Republic hosted by large conglomerates and leading cryptocurrency businesses including EY, Microsoft, ShapeShift, Santander, Blockfolio, and Wanxiang, the MetaMask development team officially...

To the Moon? Ethereum Startup ConsenSys Acquires Asteroid Mining Company

consensys ethereum asteroid mining

New York-based blockchain software technology startup and Ethereum development studio ConsenSys has acquired asteroid mining company Planetary Resources, Inc. through an asset-purchase agreement. Following the acquisition, Planetary Resources President and CEO Chris Lewicki and General Counsel Brian Israel will be joining the team at ConsenSys, according to an official press release. Before co...

Cryptocurrency is the ‘Natural Evolution’ of Money: Ethereum Co-Founder Joseph Lubin

Joseph Lubin Ethereum ConsenSys

ConsenSys founder and Ethereum co-creator Joseph Lubin recently expressed his thoughts on the “equal waves of fascination and skepticism” concerning cryptocurrency, in a Quartz op-ed published on Sept. 25. Lubin referenced a number of historical antidotes to assert that society has always been a bit skeptical towards those who come up with new concepts of money but argued that: “Cryptocurrency is...

ConsenSys Has Begun Using Ethereum to Supply Electricity to Texas

Wind Farm ConsenSys Grid+ Cryptocurrency Ethereum Blockchain

Grid+, a blockchain startup operated by ConsenSys, the largest blockchain software company in the world operated by Ethereum co-creator Joseph Lubin, has successfully started to supply electricity to its clients in Texas. Milestone Reached: Grid+ Texas has begun flowing power to its first four customers! — GridPlus (@gridplus) September 21, 2018 Through the use of a unique hardware gateway...

Ethereum Co-Founder Defends Tether Against Bitcoin Price Manipulation Claims

joseph lubin consensys ethereum

One of the cryptocurrency community’s most respected voices is throwing his support behind tether (USDT), the controversial “stablecoin” that critics allege has been used to manipulate the bitcoin price. Joseph Lubin, an Ethereum co-founder, told Yahoo Finance that he “believes” USDT is backed by physical dollars at a 1 to 1 ratio, as the token’s issuer — the eponymous cryptocurrency...

Ethereum Co-Founder Joseph Lubin: Crypto Market Slump Won’t Curtail Growth

joseph lubin

Ethereum co-founder Joseph Lubin said that he does not see the recent slump in cryptocurrency prices as a constraint to growth in the market. In a recent interview with Bloomberg, Lubin said the collapse in prices is not a new development as it has always been present in the “blockchain ecosystem since 2009 when Bitcoin was invented.” He went further to note that in spite of the slump...

China’s ‘Dream City’ Taps Ethereum Dev. Studio ConsenSys for Blockchain Push

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Government officials in Xiongan New Area have announced a partnership with Ethereum development studio ConsenSys to develop blockchain initiatives for China’s “dream city.” According to the South China Morning Post, the Xiongan government has signed a memorandum of understanding (MoU) with the U.S.-based ConsenSys to “establish Xiongan as a next-generation smart city and a leading...

Ethereum Entering ‘Phase 2’ Following Launch of Most Complex DApp: Co-Creator

joseph lubin

At the RISE conference held in Hong Kong, the largest technology conference in Asia attended by 15,000 attendees, Ethereum co-founder Joseph Lubin said that the Ethereum blockchain has entered phase two of its development, following the launch of the most complicated app on its protocol. Hundreds of Thousands of Transactions Regularly As CCN previously reported, the open-source developer...

Crypto Wallet Founder Believes Bitcoin Could Hit $60,000 This Year


Cryptocurrency values have taken a hit as of late, but movement on the regulatory front has lifted many observers’ spirits. One crypto startup executive believes bitcoin’s price could hit $60,000 this year, despite its dip from a near $20,000 high in December to the $6,000 range. Julian Hosp, co-founder and president of TenX, a crypto wallet, told CNBC during the RISE tech conference in Hong Kong...

Ethereum Co-Founder Lubin: Cryptocurrencies Should Stay ‘Unfettered” from Regulations


It’s a tricky balance, but Ethereum Co-Founder Joseph Lubin believes the cryptocurrency market should embrace regulators though he also points out it’s vital not to stifle innovation. Lubin, who is at the helm of ConsenSys, welcomes regulators into the cryptocurrency space both in the United States and in other parts of the world. He made the comments to Bloomberg at Paris’ Viva...

Amazon Launches Blockchain Cloud Partnership With Ethereum Studio ConsenSys’ Kaleido


Amazon has partnered with blockchain incubator ConsenSys to enable its customers to build and manage their own blockchain platforms in an easy-to-use manner with ConsenSys’ Ethereum-based cloud platform called Kaleido. The move is part of an effort to make blockchain, the technology underpinning bitcoin, more accessible to customers of Amazon Web Services, the cloud-computing arm of Amazon...

‘Extremely Comfortable’ That Ether is Not a Security: Ethereum Co-Founder

joseph lubin

US financial regulators are reportedly set to meet next week to discuss whether ether should be regulated as a security under federal law, but Ethereum co-founder Joseph Lubin is not concerned. Lubin, who now runs blockchain development studio ConsenSys, told financial publication TheStreet that he is “extremely comfortable” with the legal due diligence Ethereum’s founders conducted at the...

How Blockchain Technology Will Disrupt Elections And Empower Individuals


As unprecedented charges of rigging have loomed over the U.S. presidential election, much attention has focused on the capability of blockchain technology to make voting more transparent. Joseph Lubin, the founder of ConsenSys and the co-founder of Ethereum, observed in an article in Futurism that decentralizing technologies have important implications for not only improving elections, but in...