• Rowling don't understand Bitcoin
    Bitcoin,  Opinion

    The sad, exasperating tale of ‘J.K. Rowling and the Sorcerer’s Coin’

    When one of the world’s richest women asked her 14.6 million followers about Bitcoin, members of the crypto community had a great opportunity. They blew it

    Late on Friday night, Harry Potter author J.K. Rowling tweeted: “I don’t understand Bitcoin. Please explain it to me.” It was an opportunity for the crypto community to offer a clear, direct explanation of why Bitcoin exists, why it’s worth so much, and how it differs from dollars and dimes. Crypto Twitter blew it.

  • ErisX ETH futures America
    Cryptocurrencies,  Ethereum,  Regulation

    ErisX brings ETH futures to America

    The crypto derivatives exchange’s physically settled ether futures are the first available to U.S. investors; Binance.US adds OTC desk for large crypto trades

    On May 11, TD Ameritrade-backed cryptocurrency derivatives exchange ErisX announced that it now offers physically settled ether futures contracts to both institutional and retail investors.

  • ConsenSys cut 14% of staff
    Ethereum

    ConsenSys cut 14% of staff today, blaming the COVID-19 pandemic

    Another round of layoffs hit 90 people at Joe Lubin’s Ethereum venture studio, two months after similar cuts related to a reorganization

    Two months after ConsenSys cut 14% of staff in a round of layoffs, the axe has struck once again at Joe Lubin’s Brooklyn-based Ethereum venture studio. On April 20, the company announced another 14% reduction in headcount, this time attributed to the coronavirus pandemic downturn. That’s about 90 people. “Like most of its peers, ConsenSys is seeing extraordinary uncertainty in the market, with businesses rebalancing priorities and reevaluating timelines,” a spokesperson told Modern Consensus via email. “In such an environment, we must make changes to conserve resources and ensure our continued ability to support our customers, drive innovation, and serve the broader ecosystem.”  Adding that “no particular areas that were…

  • EY Microsort COnsensys baseline
    Technology

    ConsenSys, Microsoft, EY bet businesses will embrace public blockchains

    Strong security and off-chain storage are key ingredients of the Baseline protocol the firms hope will coax enterprise coalitions onto Ethereum

    EY, Microsoft, and ConsenSys believe that given strong security and the right tools, businesses will embrace public blockchains as they look for ways to work together.