Thu, November 7

Consensys’ Lawsuit Against SEC Rejected by Texas Court

In a recent post on X, Consensys announced it had filed a lawsuit against the SEC in April 2024 to safeguard the Ethereum ecosystem. The Texas court dismissed the lawsuit on procedural grounds without addressing the substance of the claims against the SEC. Prompting Consensys to express concern over the

September 20, 2024 2 mins read

What’s Happening in the US Markets with Crypto

The US Marshals Service (USMS) has taken a significant step by partnering with Coinbase Prime to oversee its large-cap digital assets. The USMS, responsible for asset forfeiture under the Department of Justice, will support Coinbase’s custody and advanced trading services through a $32.5 million contract. This collaboration highlights the growing

July 2, 2024 1 min read

SEC Lawsuit Against Binance Sparks Market Debate

In a pivotal legal showdown, the largest cryptocurrency exchange Binance faced a mixed outcome in a recent court ruling against the U.S. Securities and Exchange Commission (SEC). Judge Amy Berman Jackson decided to proceed with several claims from the SEC, including allegations related to Binance’s staking program. And initial coin

June 29, 2024 2 mins read

Consensys Urges U.S IRS to Postpone Crypto Tax Reporting Rules

In a letter sent to the United States Internal Revenue Service (IRS), blockchain development company Consensys asked for a postponement of the planned tax legislation. That would have exchanges and brokers report specific cryptocurrency sales. The letter stated: “We must echo our overarching concern … that certain aspects of the

June 21, 2024 1 min read

Is the War Between the SEC and Ethereum Nearing an End?

Consensys, a blockchain software company announced that the U.S. Securities and Exchange Commission’s enforcement division has notified the company that it is closing its investigation into Ethereum 2.0 –the crypto community has greatly celebrated this news. In its official tweet posted hours ago, it wrote “Ethereum survives the SEC,” adding,

June 19, 2024 2 mins read

Former ConsenSys Employees Sue Founder Over Shares Dispute

The Swiss firm ConsenSys AG, which focuses on Ethereum infrastructure development, has had 27 of its former employees sue the company’s founder and CEO, Joseph Lubin, in a New York court. Lubin, one of Ethereum’s co-founders, allegedly as per the claims failed to fulfill his promise to give them shares

October 20, 2023 2 mins read

ConsenSys Launches Linea Network To Boost Ethereum Scalability

ConsenSys is beginning to onboard partners to their Linea network, which has generated substantial scaling milestones in testing. And this is great news for the Ethereum ecosystem as a whole. Linea is a layer-2 scaling network for Ethereum that facilitates the creation of, and migration to, decentralized applications. It uses

July 12, 2023 1 min read

MetaMask Imposes No Taxes on Crypto, ConsenSys Confirmed

ConsenSys, the company responsible for the crypto wallet MetaMask, has dispelled rumors regarding its collection of taxes from cryptocurrency users. On May 22, the company clarified that these rumors stemmed from a misinterpretation of MetaMask’s terms of service, emphasizing the presence of inaccurate information.   📢 We are aware of tweets

May 22, 2023 1 min read

ConsenSys Announces Laying Off 11% Staff Amid Economic Downturn

ConsenSys, an Ethereum development firm and the creator of the popular MetaMask wallet, has announced it would be laying off 11 percent of its staff. The announcement was made by CEO Joseph Lubin in a blog post earlier today. In light of what Lubin calls “challenging and uncertain market conditions,”

January 18, 2023 1 min read

MetaMask All Set to Collect Users’ IP Addresses On-Chain Transaction

The wallet’s developer ConsenSys published a revised privacy policy agreement On Nov 23, which prompted criticism on social media. That stated, ConsenSys’ well-known Infrura product has been intended to collect users’ additional data. According to the statement, MetaMask would start collecting users’ IP addresses and Ethereum wallet addresses while on-chain

November 25, 2022 1 min read