ConsenSys has raised $450 million in a funding round backed by the likes of Microsoft, SoftBank and Temasek. The investment more than doubles ConsenSys’ valuation to $7 billion. Tech giants from Microsoft to Twitter are becoming increasingly interested in Web3, a movement that calls for a more decentralized internet based on the blockchain. Blockchain start-up ConsenSys has raised $450 million in a new round of funding that more than doubles its valuation to $7… Source link

Joseph Lubin, co-founder of Ethereum. Adam Jeffery | CNBC Blockchain start-up ConsenSys has raised $450 million in a new round of funding that more than doubles its valuation to $7 billion. The cash injection was led by ParaFi Capital, ConsenSys said Tuesday, with Microsoft, Japan’s SoftBank and Singapore’s Temasek also joining as new investors in the company. New York-headquartered ConsenSys was founded in 2014 by Joseph Lubin, a co-founder of Ethereum. Ethereum is the blockchain platform… Source link

Like many other large-caps, which are highly correlated with bitcoin’s recent price action, Ethereum is trading amid long-term support – a fragile situation. However, investors are still looking at the market in doubt. Considering the minor amounts of trading volume at two of the significant US-based exchanges – Binance US and Coinbase – it seems that investors are still waiting for the Federal Reserve’s decisions. Support levels: $2300 & $1700 Resistance levels:… Source link

Ethereum’s co-founder Joseph Lubin has questioned the sustainability of rival projects, including the fast-growing Solana blockchain, as venture capital pours into a raft of new cryptocurrency networks. The Ethereum blockchain has become one of the world’s most widely used digital ledgers, but it is facing challenges from rivals such as Solana, which has set lower transaction fees to draw in users. Lubin told the Financial Times that Solana, which pitches itself as a faster and… Source link

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Benzinga Fed To Throw Its Pandemic Emergency Measures Into Reverse: Reuters Reuters revisits March 15, 2020, when the U.S. Federal Reserve, in the words of its boss Jerome Powell, “crossed a lot of red lines that had not been crossed before.” Powell cut interest rates to zero, announced huge asset purchases to deflect bond market stress, and opened dollar supply lines for other central banks, fearing a pandemic that threatened recession on a scale not seen since the 1930s. Fed is expected to… Source link

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As Bitcoin has been falling, it is hard to imagine a situation where Litecoin would be completely different. Litecoin initially tried to rally on Monday but then gave back the gains to show signs of hesitation. The $100 level of course is an area that will attract traders due to the large, round, psychological importance of this market. This is an area that we have seen support previously, and therefore it is likely that we see this area continue to be important. Advertisement If we were to… Source link

Bitcoin (BTC) saw a fresh brief short squeeze overnight on March 15 with bulls still attempting to crack $40,000 resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders uninspired by market composition Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching highs just short of the psychological barrier Tuesday before returning to previous levels. The now all-too-familiar “Bart” formation followed news that the European Union had rejected a regulatory… Source link

Ethereum Foundation, the non-profit that supports Ethereum (CRYPTO: ETH) and related technologies, says 2021 was the year that “Web3” came into public consciousness, which allowed creators to break free from centralized platforms. What Happened: In its “2021: The Year in Ethereum” report by Josh Stark and Evan Van Ness, the foundation said in 2022, the world “began to understand the vision of a more decentralized internet built on Ethereum.” It termed… Source link