• Virtual accelerator Celo Camp launches
    Cryptocurrencies,  Technology

    18 teams compete for funding at Celo Camp virtual accelerator

    The poverty-busting payments blockchain offered startups eight weeks of mentorship from industry leaders and a shot at $10,000

    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.

  • 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…

  • EU coronavirus blockchain taskforce
    Technology

    EU scrambles coronavirus blockchain taskforce

    The European Union-founded International Association for Trusted Blockchain Applications seeks to speed the solution to ‘a humanitarian crisis of cruel proportions’

    A new European Union taskforce has been scrambled to quickly activate blockchain solutions that tackle challenges associated with the coronavirus pandemic.

  • Bitcoin-seeking cyberthieves target hospitals
    Bitcoin

    Bitcoin-seeking cyberthieves target hospitals fighting COVID-19

    Blockchain analysis firm Chainalysis says the coronavirus pandemic is giving ransomware cyberthieves a new and inviting target: desperate, overwhelmed hospitals

    As bitcoin-seeking cyberthieves target hospitals with ransomware during the coronavirus pandemic, according to blockchain analysis firm Chainalysis.