Institutional adoption has become the hot topic in today’s crypto market. Just months after Microsoft rejected Saylor’s Bitcoin Strategic Reserve pitch, Google is giving it a green light. The Bitcoin Tech Carnival, which took place on February 18, saw such insightful panel discussions. Speaking of which, the Hong Kong ConsenSys
Consensys Faces Banking Challenges Consensys, the company behind the MetaMask wallet, has dealt with two serious banking issues due to U.S. authorities trying to limit its financial access. Founder and CEO Joe Lubin said the company was impacted by Operation Chokepoint 2.0. A policy aimed at blocking crypto businesses from
Ethereum zkEVM L2 network Linea, incubated by ConsenSys, has announced the launch of the Linea Association, an independent Swiss non-profit to oversee its development and governance as part of its decentralization roadmap. The organization also revealed plans for the LINEA token launch by the end of Q1 2025. Nicolas Liochon,
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
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
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
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
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,
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
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
