Consensys has taken legal action against the U.S. Securities and Exchange Commission (SEC). The lawsuit, filed on Thursday, aims to stop an impending SEC crackdown on Consensys’ MetaMask wallet and seeks a crucial ruling on the classification of Ethereum’s native token, Ether. Consensys Challenges SEC’s Stance The filing asserted, “The U.S. Securities and Exchange Commission’s...Read More
Infura, a web3 application programming interface (API) provider developed by blockchain software company Consensys, has partnered with 18 other internet infrastructure entities, including Microsoft, to build a Decentralized Infrastructure Network (DIN) for developers. According to a press release seen by CryptoPotato, the DIN will act as a decentralized Remote Procedure Call (RPC)-as-a-service offering that will...Read More
As different jurisdictions gear up for regulations on the digital asset sector, DeFi remains a tricky subject. The International Organization of Securities Commissions (IOSCO) had recently weighed in on the matter and recommended that governments should identify the “Responsible Person” behind ostensibly decentralized finance applications and subject them to regulatory oversight similar to conventional financial...Read More
Over two dozen former employees of the Ethereum infrastructure firm ConsenSys have filed a lawsuit against the company’s founder and CEO, Joseph Lubin. They allege that Lubin breached a “no-dilution promise” made in 2015, ultimately diluting their equity shares and leaving them with shares of significantly diminished value. ConsenSys Faces Lawsuit from Early Employees According...Read More
Ethereum layer-2 ecosystem is heating up with the space seeing yet another entry by ConsenSys, an already established player in the industry. ConsenSys, the firm behind MetaMask, announced the launch of its layer-2 network – Linea – to the main Ethereum blockchain this week. It will soon begin onboarding partners as well. The new layer-2...Read More
ConsenSys – the blockchain firm behind MetaMask – clarified that its self-custodial wallet does not collect taxes on crypto transactions, nor has it modified the terms of service to do so. In an update, the company said the rumor is false and was based on “inaccurate information” while admitting that “legal terminology can be complex.”...Read More
MetaMask is integrating with crypto fintech platform MoonPay to expand its offering in Nigeria. According to MetaMask developer ConsenSys, Nigeria happens to be one of the major markets for the crypto wallet service globally, ranking third in active mobile users. The latest move to gain a stronger foothold in the country comes in response to...Read More
Following the spectacular collapse of numerous CeFi companies last year, all regulatory eyes have been focused on the crypto industry. Joseph Lubin, the CEO of ConsenSys, also weighed in on the matter during the Building Blocks 23 event in Tel Aviv, saying his organization wants to collaborate with global watchdogs to introduce more friendly regulations....Read More
For many, DeFi was the hot property of 2020, thanks to the growth it recorded over the course of the year. In fact, while at the beginning of 2020 the TVL was a “mere” $675 million, the figure had risen to just under $15 billion, at the time of writing. Source: DeFi Pulse It is,...Read More
French international banking group BNP Paribas is in the news after the conglomerate, along with the French bank CA CIB and the French investing company Caisse des Dépôts, announced the launch of a project exploring a digital interbank currency (DIBC). The venture in question will also include tokenizing solutions firm Tokeny and The Blockchain XDEV...Read More
Fundamentally, Ethereum has had a solid year with growth on many fronts. Unfortunately the same cannot be said for price which has now returned to crypto winter levels. All cryptocurrencies, with the possible exception of one or two, are bearish at the moment but Ethereum is likely to bounce back stronger next year.Ethereum Fundamentals Still...Read More
ConsenSys, a Brooklyn, New York-based Ethereum development studio studio, is awarding $175,000 to seven different open-source projects being developed on the Ethereum (ETH) blockchain. Revealed on October 10, the software development projects include Lighthouse, an innovative Ethereum software client, Tellor, an oracle network for handling off-chain data, Alice, a mobile-based platform for developing decentralized applications...Read More
The Pantheon project basically aims to provide a number of Ethereum-based services built by ConsenSys’ strong engineering team called PegaSys. Ethereum is all set to join the open-source Hyperledger consortium. It would be the first public blockchain network joining Hyperledger as the latter’s technical steering committee approves a proposal for adopting the ConsenSys-backed Pantheon project....Read More
