Banking giant JPMorgan is said to be in talks with ConsenSys to merge the Ethereum venture studio with its in-house blockchain unit Quorum, according to a report in Reuters.
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ConsenSys splits in two, cuts 14% of staff
The once-sprawling Brooklyn-based Ethereum incubator is turning itself into a software company and an investment firm
The Ethereum-focused startup incubator founded by Joseph Lubin is undergoing another contraction. According to an announcement Tuesday, the Brooklyn, NY-based company will divide itself into two parts, with a core software business retaining the ConsenSys name while a venture arm operates as ConsenSys Investments.
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Must-reads for August 16, 2018
Here are the crypto stories you should be watching today
AT&T Sued for $224 Million by Cryptocurrency Investor Who Lost a Fortune in Phone Hacks (Gizmodo) We’ve written before about how hackers have been wreaking hell and havoc on people in the crypto community (like this writer). However, they really went to town on one big crypto investor. Michael Terpin, who was in public relations during the primitive years of the Web, became a serial entrepreneur and an early investor in Bitcoin and other cryptocurrencies. He has also advised the likes of Ethereum, Kraken, and Tether. Unfortunately for Terpin, a huge stash of his crypto—$24 million-worth, he claims—was stolen from him during two hacks over several months. Now he’s…
