ConsenSys to Lay Off 97 People, CEO Joseph Lubin Praises DeFi over CeFi
The Consensys CEO lashed out at CeFi companies stating that the recent events have exposed their ill behavior and further opened the gates for DeFi to flourish.
The Consensys CEO lashed out at CeFi companies stating that the recent events have exposed their ill behavior and further opened the gates for DeFi to flourish.
While many consider digital currencies as a financial and monetary tool, Lubin believes they are a form of weapon that is capable of empowering smaller and less powerful nations.
This funding has helped ConsenSys to reach the coveted unicorn status. The company is now among the leading crypto-focused firms.
ConsenSys gets the backing of several finance players as investors that could see the company’s valuation reach $3 billion.
Speaking at the Asia Pacific Conference 2020, Lubin hinted that the next phase of the Eth2 may be rolled out in 9-12 months from now.
Hong Kong’s pick of ConsenSys for phase two of its proposed cross-border payment system is a recognition of ConsenSys stride in the blockchain space.
ConsenSys and AMD raised $20 million to fund W3BCLOUD, a startup working to provide a reliable infrastructure for the growing blockchain ecosystem.
Only four entrepreneurs who made their fortunes in crypto were included in the list of 2,095 billionaires revealed by Forbes this year. The richest man in crypto is Bitmain co-founder Micree Zhan, who appears at No. 690 on the list with a net worth of $3.3 billion.
Vitalik Buterin is enthusiastic about the world of decentralized finance, largely built on Ethereum. Moreover, he believes in the absolute success of Ethereum 2.0.
Ethereum price has broken $250 after JPMorgan has demonstrated its interest in a partnership with ConsenSys. This could push the Ethereum price to new heights as developer is preparing to Ethereum 2.0 transition.