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…
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Brooklyn's Red Hook Lobster Pound was saved after 2012's Hurricane Sandy by the type of Save Your Business program Tatum is putting on the blockchain (Photo: Flickr/Mr.TinDC)Blockchain project steps up to save businesses hit by coronavirus
As well-meaning as the Save Your Business initiative is, there are sadly some flaws to the concept
The coronavirus pandemic has hit restaurants, retailers and millions of other small businesses hard. Now, a blockchain startup is attempting to mitigate the economic impact of COVID-19 for companies who have been forced to close their doors. Enterprise blockchain developer Tatum’s nonprofit Save Your Business project is designed to deliver much-needed cashflow to firms that saw their income practically dry up overnight.
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Jack Dorsey's Bitcoin-friendly payments provider Square is among the fintechs getting $350 billion to small business owners (Photo: Pixabay)Crypto-friendly Square joins coronavirus loan program
Square joins PayPal and QuickBooks in U.S. government’s $350 billion stimulus loan and grant program for small businesses and their employees—after a fight
Twitter founder Jack Dorsey’s Bitcoin-friendly payment processing company Square is among the fintechs taking part in the U.S. Paycheck Protection Program, potentially offering a more nimble platform to quickly get loans and grants to small businesses slammed by the coronavirus pandemic.
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Jack Dorsey will ‘start small,’ giving a quarter of his fortune to COVID-19 fight, girls education
The Twitter and Square CEO will also support universal basic income, says he wants to see philanthropy’s ‘impact in my lifetime’
On April 7, Twitter and Square founder Jack Dorsey tweeted on his @jack account that he will give $1 billion—more than a quarter of his fortune—to fight the COVID-19 epidemic. After that, the funds will be used to advance health and education initiatives for girls, and advocate for universal basic income.
