Recent layoffs at blockchain software technology company ConsenSys did not exceed 10 percent of staff. The company’s Executive Director of Enterprise and Social Impact Vanessa Grellet spoke to Cointelegraph about the recent developments at the Crypto Finance Conference in Switzerland on Jan. 18.Grellet said that the staff cuts were a “natural movement” and mainly affected support staff, while developers and technical employees were largely unaffected. She said:“I’ve been at the company for two years and a half. When I joined it, we were 60, and we grew to a company that has 1,200 employees all over the world. The way we hired people was related to where the opportunities were, projects etc., and we grew a little bit fast.”Grellet also said that dismissals can be treated as part of the “nat
ConsenSys Ventures, the investment arm of Ethereum-focused technology company has announced its first two investments of the new year. According to a press release received by BTCManager, the VC firm has purchases shares in cryptocurrency startup Coinhouse and secure web browser, Tenta. (Jan. 17, 2018) ConsenSys Leads Funding Round for Coinhouse ConsenSys Ventures led the $2.8 million series A funding round with an investment of one million dollars, alongside Digital Currency Group, XAnge Siparex Innovation, BTU Protocol Ecosystem Fund, Ledger co-founders Eric Larcheveque, among others. Coinhouse has managed to establish itself as a leading crypto-asset investment platform in Europe, catering to both retail investors, high-net-worth individuals, as well as institutions. The Paris-based sta...
Founder of blockchain tech company ConsenSys Joseph Lubin has been appointed to the board of directors of cryptocurrency startup ErisX. The news was revealed in an official press release published Jan. 17.Cryptocurrency exchange ErisX is a reboot of a futures market Eris Exchange, originally established in 2010. In December 2018, ErisX raised $27.5 million from Fidelity Investments and Nasdaq Ventures. In 2019, ErisX is expected to being offering both spot trading in Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), and futures markets.According to today’s announcement, Lubin has joined ErisX’s board of directors along with fintech entrepreneur Cris Conde.The company highlighted Lubin’s expertise and “extensive background working in the digital asset space.” ConsenSys’ CEO further project
Despite recent belt-tightening at Brooklyn-based ethereum venture studio ConsenSys, the company’s investment arm is ramping up outreach to independent startups. ConsensSys Ventures, headed by managing partner Kavita Gupta, announced two new investments on Thursday: $1 million in the Paris-based crypto wallet and trading platform Coinhouse and an undisclosed amount in the encryption-centric browser Tenta. Gupta told CoinDesk these companies distinguished themselves with teams that include bitcoin veterans serving established user-bases. According to Coinhouse, the platform has over 150,000 user accounts. Plus, the startup’s CEO, Nicolas Louvet, was an early investor in the hardware wallet startup Ledger. Ledger CEO Éric Larchevêque was a reciprocal investor in Coinhouse and both men now sit
Crypto trading startup ErisX is expanding its board of directors as it prepares to launch spot and derivatives markets for digital assets, including bitcoin and eventually ethereum. The company announced Thursday that Joseph Lubin, founder of the ethereum development studio ConsenSys, and Cris Conde, a technology entrepreneur, had joined the board. They will serve alongside DRW CEO Don Wilson, Valor Equity Partners managing partner Antonio Gracias and ErisX CEO Thomas Chippas. In a press release, ErisX cited Lubin’s experience working in the digital asset space and his familiarity with the ethereum network (he was part of the second-largest cryptocurrency’s founding team). The company initially plans to provide bitcoin futures products when it launches (though this launch may be delayed by
Blockchain tech firm ConsenSys has joined news industry leaders to contribute to the creation of a new revenue-generating news platform by WordPress, according to an official press release published on Jan. 14.ConsenSys has invested $350,000 in the new WordPress project called Newspack, an open-source publishing platform for news companies.Through the investment, the major global blockchain company has joined leading industry organizations such as Google News, The Lenfest Institute for Journalism and The John S. and James L. Knight Foundation. In total, WordPress’ parent company Automattic and its partners Spirited Media and News Revenue Hub have secured $2.4 million for the first-year funding of the initiative.Apart from investing in the new proof-of-concept (PoC) initiative by WordPress,
WordPress is launching a new publishing platform backed by Google, ethereum development studio ConsenSys and more, and notably blockchain tools will be built in. Announced Monday, the new product – Newspack – is described as an “inexpensive” platform offering technology and support for small- and medium-sized news organizations. Google led Newspack’s funding, with a $1.2 million investment, while ConsenSys contributed $350,000. The Lenfest Institute for Journalism and the John S. and James L. Knight Foundation invested $400,000 and $250,000, respectively. A ConsenSys representative confirmed the investment to CoinDesk on Wednesday, adding that newsrooms accessing Newspack will be offered the option to use blockchain-based features made available through ConsenSys-backed Civil Media. Specif
On January 14, 2019, WordPress announced the launch of Newspack by WordPress, an Open Source Platform for Newsrooms which will begin operations in mid-2019 with backing from ConsenSys, Civil media and others. Financial Backing This new solution is in partnership with Google and the Google News Initiative who contributed $1.2 million to the cause. It is also being backed with financial contributions from The Lenfest Institute for Journalism ($400,000), ConsenSys, the venture studio backing Civil Media ($350,000), and The John S. and James L. Knight Foundation ($250,000). According to the statement, another $200,000 from an unnamed fifth source is expected to be given by the end of the month. Economic Models The main goal of Newspack is to create source publishing and revenue-platform for ...
Ethereum (ETH) blockchain startup and incubator ConsenSys has participated in a $2 million seed funding round for Iceland-based blockchain startup Monerium, according to a press release from the firm, published Jan. 11. The startup counts the former chairman of Iceland’s central bank among its four founders.The funding round was reportedly led by Icelandic venture capital fund Crowberry Capital, and has also seen the participation of Icelandic private investment firm Hof Holdings.Founded in 2016, Monerium is reportedly developing a solution for “bridging fiat money and blockchains,” issuing what it refers to as e-money.Former central bank chairman Jon Helgi Egilsson, alongside co-founders Gísli Kristjánsson, Hjörtur Hjartarson, and Sveinn Valfells, are spearheading a workforce of 14 people
Ethereum development studio ConsenSys has participated in a $2 million seed funding round for Iceland-based blockchain startup Monerium, the firm announced Friday. The round was led by early-stage venture capital firm Crowberry Capital and included participation from private investment firm Hof Holdings, both also based in Iceland. Founded in 2016, Monerium is a fintech startup led by, among others, Jon Helgi Egilsson, former chairman of the Central Bank of Iceland. The firm is developing a solution for transacting fiat currencies over blockchains, what it calls “e-money.” The seed funding will be used to accelerate development of its services. Monerium ultimately aims to issue “asset-backed, redeemable and regulated e-money” over blockchains once a licensed institution, saying its product