“There’s a war for talent going on,” ConsenSys chief strategy officer Simon Morris said in an interview, “and we are going to make sure that we can grow our team, acquire some teams, acqui-hire some teams,” to stay competitive on the Ethereum front. Source
Blockchain infrastructure provider ConsenSys has reached a lofty valuation of $3.2 billion after closing a $200 million funding round, joining over a dozen other crypto-focused companies to reach coveted unicorn status this year alone. The $200 million financing round saw participation from several new investors, including Marshall Wace, Third Point and Think Investments, who contributed alongside existing investors such as Dragonfly Capital, Electric Capital, Spartan Group, Coinbase Ventures, HSBC, DeFiance Capital and Animoca Brands. ConsenSys also announced that Ethereum wallet and browser extension MetaMask has achieved roughly 21 million monthly…
Decentralized mortgage lender Bacon Protocol has minted its first seven mortgages as nonfungible tokens, or NFTs, offering investors and borrowers new options for accessing the residential mortgage market. The interest rate for each NFT mortgage ranges from 1.5% to 3.1% on properties in four U.S. states, the company disclosed Wednesday. That’s the interest rate borrowers pay after minting their mortgage through Bacon Protocol. By comparison, the average mortgage rate in the United States ranged from 2.27% to 2.98% for the week ending Nov. 10, according to Freddie Mac. The 30-year…
BlockFi has maintained that its product is not a security. But securities regulators appear to disagree. Earlier this year, a bevy of state-level agencies opened investigations into BlockFi, which would make the SEC only the latest force to give a look. Source
Bit Digital said that it owned 27,744 mining rigs with a total hash rate of 1.6 exahash per second (EH/S), as of Sept. 30. This was a decline from 32,500 miners and 1.915 EH/s of mining power as of June 30, as it sold and disposed of some of its mining computers during the migration. Original
Staples Center, one of the most iconic and globally recognized sports and entertainment arenas in the world, is changing its name to Crypto.com Arena. Crypto.com has also become an official cryptocurrency platform partner of the Los Angeles Lakers and the LA Kings. Staples Center’s New Name Is Crypto.com Arena AEG, the owner of Staples Center, and Crypto.com “have launched a historic, 20-year naming rights agreement that will rename the AEG-owned and operated Staples Center,” both companies independently announced Tuesday. Located in downtown Los Angeles, the 20,000-seat, award-winning arena described itself…
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Dear Baroness Kidron, Many thanks for your letter of 08 October and its accompanying annex relating to the evidence gathering by 5Rights in relation to the ICO’s age appropriate design code (Children’s code). It is encouraging to see the deep dive that 5Rights have done on the code’s influence in the lead up to its coming into force. I have always said that the Children’s code will be a game changer in terms of protecting children’s data; a group in society that need specific protection and attention when navigating the…
The Oasis Foundation announced Tuesday the launch of the fund in collaboration with a host of major venture capital frims, including Dragonfly Capital Partners, Draper Dragon Fund, Electric Capital, FBG, Jump Capital, Kenetic Capital, NGC Ventures and Pantera Capital according to a press release. Source
Developer group Oasis Foundation has launched a $160 million ecosystem fund to bootstrap promising projects building on top of Oasis Network, a privacy-enabled blockchain with a focus on decentralized finance (DeFi) and the so-called data economy. The fund was established to attract new developers to the Oasis Network so that they can build the next generation of decentralized applications that support DeFi, nonfungible tokens, data tokenization and the metaverse, Oasis Foundation announced Wednesday. Startups and existing projects building on Oasis Network are both eligible to receive grants, the Foundation confirmed.…