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.
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.
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, 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.
