Circle laid off about 10 employees in its latest effort to cut costs. The move follows a round of 30 layoffs in May. Source
Circle Confirms New Round of Layoffs Following Co-CEO Departure
Day: December 11, 2019
SEC Charges Shopin CEO With Fraud Over Unregistered $42M ICO
The SEC is also charging Eyal with failing to register the Shopin token sale as a securities sale, and is looking for a permanent injunction, disgorgement, civil penalties, to permanently bar Eyal from acting as an officer or director in any public company, or from participating in any future token sales. Source If You Liked This Article Click To Share 42MCEOChargesFraudICOSECShopinUnregistered CryptoX Portal
VC Firm Andreessen Horowitz Announces Instructors at Free Crypto School
Venture capital firm Andreessen Horowitz (a16z) has shared a list of instructors for its free, seven-week crypto startup school, scheduled to launch in February 2020. On Dec. 11, the venture capital firm announced that experienced entrepreneurs, builders, investors and experts in the cryptocurrency and blockchain industry will coach students by sharing lessons they’ve learned, bring new project ideas, and share information to help them get started in the cryptoverse. The list of crypto startup school instructors includes top entrepreneurs and technologists like general partner at Andreessen Horowitz Chris Dixon, professor…
Two Crypto Advocacy Groups Partner to Promote Digital Tokens Educational Efforts
The Chamber of Digital Commerce and the Enterprise Ethereum Alliance (EEA) have partnered to facilitate industry advocacy and education efforts around tokenization. According to a Dec. 11 press release, the two blockchain advocacy organizations entered a strategic partnership to boost educational efforts in the field of digital assets and blockchain-based technologies by promoting their understanding, acceptance and use. Interoperability initiatives and regulatory considerations As part of the initiative, the parties’ staff will get access to their respective token-related efforts, which will subsequently enable joint participation in the EEA’s Working Groups…
Jack Dorsey Announces New Twitter Team: Square Crypto, but for Social Media
The new team would follow a model similar to Square Crypto, a bitcoin-focused entity separate from Dorsey’s fintech unicorn Square. Likewise, the new Twitter entity would focus on open standards for decentralized processes across social platforms, rather than proprietary structures. Although Dorsey didn’t directly associate the disparate efforts, he hinted that the “fundamentals” of blockchain technology might offer some tools for “open and durable hosting, governance, and even monetization.” Source
Why Bitcoin Price Is Headed to 7-Month Low If $7K Support Fails
For the past few days, Bitcoin price (BTC) has ranged between $7,400 to $7,100 and it seems bears are keen to push the price back below $7,000 before this week closes. Earlier in the week, MATIC made headlines after dropping more than 60% in the span of a few minutes and a few other Binance IEO tokens followed with double-digit losses. Fast forward to today and many altcoins are back to producing double-digit gains on their BTC pairs. At the time of writing FunFair (FUN) is up 26.6%, WAVES 15.31%…
Circle Cuts Another 10 Employees, Rejects Connection to CEO Stepping Down
Payments company Circle has reportedly laid off another ten employees, following the news that its CEO Sean Neville quit his position — events that the firm says are unlinked. On Dec. 11, a Circle representative told Cointelegraph ”we’ve streamlined some departments and eliminated about 10 roles.” The spokesperson confirmed that the company was looking to focus on its stablecoin, USDC. Earlier today, the company minted another $2.8 million of the coin. Unrelated to Sean Neville’s departure as CEO The news follows the recent transition of co-founder and co-CEO Sean Neville…
ConsenSys Is Reportedly Shutting Down Offices in India and the Philippines
Consensys founder Joseph Lubin has reportedly informed teams in India and the Philippines that their offices will be closing down. On Dec. 11, Coindesk reported that sources familiar with the matter confirmed that the local offices in India and the Philippines would indeed be shut down, however, they were not able to share any more details in regards to the imminent office closures. Cointelegraph contacted ConsenSys regarding these latest developments but had yet to receive a response as of press time. This article will be updated if new comments come…
Majority Leader of California State Assembly Pushes for Legal Certainty for Blockchain
Speaking at Elev8CON in Las Vegas on Dec. 10, Majority Leader of the California State Assembly Ian Calderon discussed plans to bring greater legal certainty for blockchain technology to the State of California. California is the most populous of the United States, with about 40 million residents. Were it to be an independent country, it would have the fifth-largest economy in the world. Calderon explained, “The government plays a huge role in the future of the blockchain industry. We need to create consumer confidence to let people know that this…
Waves To Launch Blockchain-Agnostic Interoperability Protocol
Open-source blockchain platform Waves is launching Gravity Hub, a blockchain-agnostic protocol resolving the interoperability issue. It will also operate as a data oracle, feeding data from the outside world to the blockchain. Sasha Ivanov, founder of Waves platform and Waves Enterprise, announced the new project on Dec. 11 at the Waves Meetup in Berlin. Trying to decide the problem of blockchain interoperability Gravity Hub is essentially a blockchain that doesn’t have any tokens, but that can communicate with other blockchains, such as Waves platform, Waves Enterprise or Ethereum. Sasha Ivanov…