• Joseph Lubin ConsenSys dividing in two

    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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    Bitcoin,  Ethereum,  Innovators,  Media,  Tether,  United States

    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…