Web2 Wake-up Call: 71% of Users Feel Entitled to Share of Big Tech Profits

December 13, 2024 Bitcoin.com

A recent survey by Consensys and Yougov reveals that many people are concerned about the power of big tech companies and the potential misuse of artificial intelligence (AI). Big Tech’s Power Raises Concerns According to a recent survey conducted by Consensys and Yougov, respondents expressed concern that big tech companies like Meta wield too much […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Gary Gensler is leaving the SEC, but replacement will face scrutiny

November 22, 2024 Coin Telegraph

Coin Telegraph

Crypto users celebrated as SEC Chair Gensler announced his resignation, but Trump’s nominee will face confirmation hearings in the US Senate.

On Nov. 22, United States Securities and Exchange Commission (SEC) Chair Gery Gensler announced that he will step down from his position on Jan. 20.

He is widely regarded as one of the most “anti-crypto” SEC chairs in history, and crypto users are celebrating his departure on X.

However, the new pick for SEC Chair will face scrutiny in the US Senate, which must confirm any nominee.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Consensys pushes back against regulatory ‘gaslighting’ with new sovereignty platform

November 15, 2024 Coin Telegraph

Coin Telegraph

Crypto companies have been “living in fear in a gas-lit world for a long time,” said Ethereum co-founder Joe Lubin.

The founder of Ethereum software solutions provider Consensys, Joseph Lubin, announced the launch of a new project called Network State where people can declare their “personal sovereignty.”

“We’re on the verge of a paradigm shift that will be heard around the world,” said the Ethereum co-founder in a post on X unveiling the new platform on Nov. 14.

Lubin said Consensys is “on a mission to catalyze a Network State within the emerging decentralized Web3 and AI global economy.”

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Consensys decentralized Infura launches as EigenLayer AVS

November 15, 2024 Coin Telegraph

Coin Telegraph

The decentralized Web3 marketplace will leverage EigenLayer’s infrastructure to improve accessibility and reduce development costs.

Consensys Ethereum validator node provider Infura said it’s made significant progress in its Decentralized Infrastructure Network (DIN), announcing plans to launch as an Actively Validated Service (AVS) on Ethereum restaking platform EigenLayer.

“By leaning on Ethereum’s economic security through EigenLayer, we continue to build on DIN’s steady progress creating a Web3 permissionless marketplace for infrastructure services,” said head of product for Infura DIN, Tom Hay, in an announcement made at Devcon 2024 in Bangkok on Nov. 14.

DIN is a decentralized Web3 API marketplace, or decentralized “app store” for blockchain infrastructure, which provides a new way for developers to connect to Ethereum and other leading blockchains. It currently operates across multiple networks, including Blast, Mantle, Starknet, ZKsync, BNB Smart Chain and Scroll.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

SEC crypto cases will be ‘dismissed or settled’ under Trump: Consensys CEO

November 15, 2024 Coin Telegraph

Coin Telegraph

The crypto industry is “going to save hundreds of millions of dollars” with Donald Trump as president, Consensys CEO Joe Lubin forecasts.

The ongoing legal battles between crypto firms and the United States securities regulator will likely fade away with Donald Trump reelected as the 47th president of the United States, Consensys CEO Joe Lubin said.

“So my guess is, in a way that is not embarrassing, they figure out ways to get the cases dismissed or settled, or something like that,” Lubin told Cointelegraph at DevCon 2024 in Thailand.

Joe Lubin sits down with Cointelegraph’s Andrew Fenton. Source: Cointelegraph

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Consensys CEO Joe Lubin Says SEC’s Abuse of Power Among Reasons Blockchain Firm Laying Off 20% of Staff

October 31, 2024 The Daily Hodl

ConsenSys

The CEO of blockchain software firm Consensys says the company is terminating 20% of its workers as the crypto industry faces a more cautious macroeconomic environment and regulatory uncertainty. In a statement, Joe Lubin says that aside from rising interest rates, inflationary pressures and tightening liquidity, the lack of clear regulatory framework has also made […]

The post Consensys CEO Joe Lubin Says SEC’s Abuse of Power Among Reasons Blockchain Firm Laying Off 20% of Staff appeared first on The Daily Hodl.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

dYdX lays off 35% of staff shortly after major Consensys cuts

October 30, 2024 Coin Telegraph

Coin Telegraph

The decentralized crypto exchange laid off more than a third of its workforce on the same day Ethereum development firm Consensys cut 162 employees.

dYdX Trading, the firm behind the decentralized crypto exchange, has laid off 35% of its staff, with its newly returned CEO Antonio Juliano hinting at the need for a new company direction.

“Today, I made the incredibly difficult decision to lay off 35% of the dYdX core team,” said Juliano, who rejoined as CEO of the company on Oct. 10 after stepping away from the role in May.

It comes on the same day that Consensys — the firm behind MetaMask — reduced its workforce by 20% in a bid to become a “more agile organization,” according to CEO Joe Lubin.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Consensys Reiterates Commitment to Ethereum Despite 20% Workforce Cut

October 29, 2024 Bitcoin.com

bitcoin.com

Consensys, a Web3 software company, is laying off 20% of its workforce due to economic and regulatory challenges. Despite these setbacks, Consensys says it remains committed to its vision for Web3 and plans to continue supporting the Ethereum project. Consensys Cuts Staff Web3 software company Consensys is planning to cut its workforce by 20% in […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Blockchain Firm Consensys Lays Out Plea for Clear Crypto Regulations in Open Letter to Next US President

October 24, 2024 The Daily Hodl

ConsenSys

Blockchain software firm Consensys is begging for clear crypto regulations in an open letter to the next US President. In the letter, Consensys says regardless of who wins the upcoming presidential election, the path the government is currently taking toward regulating the crypto industry – which includes taking enforcement actions against law-abiding companies – is […]

The post Blockchain Firm Consensys Lays Out Plea for Clear Crypto Regulations in Open Letter to Next US President appeared first on The Daily Hodl.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Texas Court Dismisses Consensys’ Lawsuit Against SEC Over Ethereum Investigation

September 22, 2024 Bitcoin.com

bitcoin.com

In a recent decision, a Texas court dismissed Consensys’ lawsuit against the U.S. Securities and Exchange Commission (SEC), which was filed in April 2024 to protect the Ethereum ecosystem from regulatory overreach. The court’s dismissal was based on procedural grounds, without addressing the merits of Consensys’ claims. Despite this setback, Consensys highlighted a significant win […]

ConsenSys

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