Blockchain and Cryptocurrency: People, Culture and Tech
Almost 50% of respondents believe “a triggering event in the traditional financial system” will cause a surge in Bitcoin use—somewhat fitting given how it was invented in the immediate aftermath of the 2008 financial crisis.
Poverty-focused digital payments platform Celo launched a virtual accelerator competition in early February, aimed at encouraging up-and-coming businesses and developers build apps on its proof-of-stake, Ethereum-based blockchain.
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…
A new European Union taskforce has been scrambled to quickly activate blockchain solutions that tackle challenges associated with the coronavirus pandemic.
