Ethereum is becoming ultrasound money, ConsenSys founder says
“With $13 billion worth of Ether locked up in Ethereum 2.0 and $70 billion locked up in decentralized finance, we have enormous demand for the Ether token,” said ConsenSys founder Joe Lubin. ConsenSys founder and Ethereum (ETH) co-founder Joseph Lubin has implied that Ethereum is transitioning to “ultrasound money” status ahead of the London hard fork slated to activate around 12:30 pm UTC Aug. 5. During an interview with Bloomberg TV, Lubin was questioned on the imminent EIP-1559 upgrade, which will see Ethereum transition away from a bidding-based fee market to a fixed price and burn....
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The “ultrasound money” meme has been running in Ethereum based circles for some time, gaining momentum as the asset rises and rises in value during this bull market. While it is considered a joke by many, like a myriad of memes, it hides a very complex array of factors that contribute to Ethereum’s newfound status. However, it is not without its critics from the Bitcoin side. The ‘Ultrasound Money’ Meme Explained If you have mingled in inner Ethereum cryptocurrency circles, you probably have heard the words “ultrasound money,” used as a meme to....
In a recent turn of events, Ethereum’s co-founder, Joseph Lubin, is under legal scrutiny over alleged issues in equity promises related to his blockchain technology company, ConsenSys. ConsenSys, recently appraised at roughly $7 billion, is at the center of these allegations. The company, which has been instrumental in numerous blockchain innovations, is now caught in […]
ConsenSys announced yesterday it had collaborated with Microsoft to implement its tools for building Ethereum-based decentralized applications (dapps) directly into the software giant's Visual Studio programming platform, a service that boasts more than 3 million registered users. During a tour of ConsenSys' Brooklyn, New York-based headquarters earlier this month CoinDesk was given a behind-the-scenes look at where the company's 30 New York City employees are helping mount a global push into both the financial and digital sectors with their distributed ledger technology. Outside, the....
On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.”
Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future
Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Tuesday. The deal aims to....
Millions of Microsoft developers are now able to build decentralized applications using the Ethereum blockchain thanks to a collaboration between the software giant and ConsenSys, announced today. By building Ethereum’s Solidity programming language for writing smart contracts directly into Mircosoft’s Visual Studio platform, developers will be able to build, test and deploy decentralized applications, or dapps, within an integrated environment they already know how to use. But don't think this is a money play for either ConsenSys, or Microsoft, at least not yet. In a conversation with....