• Bancor co-founder Guy Benartzi’s at the Ethereal Summit in Tel Aviv on September 15, 2019 (Photo by Molly Jane Zuckerman for Modern Consensus).
    Technology

    ‘After the flood comes rainbows and sunshine’: Bancor’s Guy Benartzi on state of the crypto space

    The co-founder of the liquidity-focused blockchain protocol spoke with Modern Consensus at the Ethereal Summit about the possibilities for a multi-blockchain, multi-crypto world

    Bancor co-founder Guy Benartzi’s talk at the Ethereal Summit in Tel Aviv on September 15 was straightforward: he wanted to discuss the company’s Year 3 roadmap, and he wanted to share the new creator.eco platform—built on the Bancor protocol—that helps content creators monetize through a staking system.

  • SEC
    Ethereum,  United States

    SEC doubles down, approving a second blockchain token offering in less than 24 hours

    Instead of selling its Props Tokens, streaming video platform YouNow will use the cryptocurrency to reward users and creators

    The U.S. Securities and Exchange Commission approved a second blockchain company’s request to sell its tokens to the public on July 11, a day after breaking ground by greenlighting its first public cryptocurrency sale.

  • Poloniex denier Justin Sun, CEO of Tron.
    Technology

    Tron’s BitTorrent File System to bring decentralized storage and crypto rewards for filesharing

    Justin Sun’s Tron’s BTT tokens will power the leading peer-to-peer media file sharing network

    Tron is adding decentralized storage and a cryptocurrency-based reward mechanism into its BitTorrent peer-to-peer file sharing service. Adding the blockchain solution is a step in Tron’s long-term plan to create a privacy-focused, user-controlled, decentralized internet, the company said in a May 31 release. Tron’s new BitTorrent File System (BTFS) will be incorporated into the broader BitTorrent P2P network, which has 100 million monthly users. A distributed application (DApp) platform, BTFS will be used by BitTorrent users to receive, send, and host media files. BTFS will use the Tron-based BTT utility tokens launched on January 3 to reward hosts who store shareable files and provide bandwidth. The way BitTorrent works is…

  • Ethereum

    At contentious Consensus interview, Jimmy Song and Joe Lubin bet $550,000 on Ethereum’s future

    Bitcoin apostle calls out Ethereum and ConsenSys as targeting the gullible and greedy

    ConsenSys founder Joe Lubin just bet more than half a million dollars that Ethereum will be going strong in four years. Settling the terms of the bet between Lubin and Bitcoin missionary Jimmy Song on Ethereum’s success or failure took a year—it was made onstage at Consensus 2018—but it’s done.