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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KPMG: Fintech boom but blockchain bust in 2019
Despite 30% fewer deals than 2018, the auditing and advisory firm predicts blockchain will ‘remain robust well into 2020’
Despite an overall blockbuster year for Fintech, there was a blockchain bust, with investment falling substantially in 2019, according to KPMG. Global private investment in blockchain and cryptocurrency dropped from $6.3 billion in 2018 to $4.7 billion last year.
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JPMorgan mulls merger between blockchain unit Quorum and ConsenSys: Report
A deal could be announced in six months
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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DJ D-Sol, who also goes by the name of David Solomon, moonlights as CEO of Goldman Sachs (via instagram.com/djsolmusic).Goldman Sachs CEO David Solomon says bank payments will be tokenized on a blockchain
All major banks are looking at the potential of stablecoins
The world’s banking payment system is going to be tokenized on a blockchain, according to the head of Goldman Sachs. In a discussion of Facebook’s new Libra cryptocurrency with the French news site Les Echo on June 28, Goldman Sachs CEO David Solomon said he finds the “principle interesting” and the fifth-largest American bank, does “extensive research on the concept of tokenization.”
