Iceland’s Currency Will Be First in Europe to Be Traded as E-Money

news The Financial Supervisory Authority of Iceland (FME) has approved Reykjavik-based Monerium as its first electronic money institution. The designation, announced Friday, means that Monerium has regulatory approval to provide fiat payment services on a blockchain and use it throughout the European Economic Area. Electronic money is a well-established regulatory framework in Europe that’s been…

Ethereum Foundation Announces Details on $30 Million Network Development

The Ethereum Foundation has announced a three-pronged approach to allocating the $30 million it has designated for developing the Ethereum network over the next year, in an official blog post on May 21.The breakdown for the three categories is future projects at $19 million, current projects at $8 million, and developer supports at $3 million.…

ConsenSys CEO Predicts Trump Re-Election, Facebook Breakup and Crypto Revival

news It was 2047, not 2019, in ConsenSys CEO Joseph Lubin’s keynote address Saturday in Red Hook, Brooklyn. To close out the 2019 Ethereal Summit in Brooklyn, he foresaw a future where assets had all been tokenized, the web was completely decentralized and networks organized around topical interests had become roughly as important to human…

Report: Louis Vuitton, Christian Dior Owner Develops DLT Project With ConsenSys and Azure

French luxury goods giant Moët Hennessy Louis Vuitton SE (LVMH) is reportedly working with ConsenSys and Microsoft Azure to develop a blockchain platform for tracking its products, crypto media agency CoinDesk reports on March 26.Dubbed AURA, the blockchain-powered platform is reportedly scheduled to go live in May or June 2019 with two major LVMH subsidiaries:…

Founder of Ethereum and ConsenSys Joe Lubin Joins Board of Directors of Crypto Startup ErisX

Founder of blockchain tech company ConsenSys Joseph Lubin has been appointed to the board of directors of cryptocurrency startup ErisX. The news was revealed in an official press release published Jan. 17.Cryptocurrency exchange ErisX is a reboot of a futures market Eris Exchange, originally established in 2010. In December 2018, ErisX raised $27.5 million from…

ConsenSys Invests in Two Crypto Startups to Lead VCs Into Ethereum Ecosystem

feature Despite recent belt-tightening at Brooklyn-based ethereum venture studio ConsenSys, the company’s investment arm is ramping up outreach to independent startups. ConsensSys Ventures, headed by managing partner Kavita Gupta, announced two new investments on Thursday: $1 million in the Paris-based crypto wallet and trading platform Coinhouse and an undisclosed amount in the encryption-centric browser Tenta.…

Ethereum Studio ConsenSys Just Bought an Asteroid Mining Company

ConsenSys, the ethereum-focused venture studio, has just acquired Planetary Resources, a space venture hoping to mine asteroids. Planetary Resources announced Wednesday that ConsenSys conducted an asset-purchase transaction, taking over the firm, with president and CEO Chris Lewicki and general counsel Brian Israel joining the ethereum-focused startup as a result. The terms of the deal were not…

ConsenSys Invests $6.5 Million in Former R3 Exec’s Blockchain Startup

Ethereum development studio ConsenSys has invested $6.5 million in a blockchain startup founded by a former R3 executive. DrumG Technologies, formed by Tim Grant, R3’s former head of business development, is also adding ConsenSys founder and CEO Joseph Lubin to its board of directors, according to a press release. The investment comes as a Series A minority…