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ConsenSys Strategy Chief Steps Down to Launch Venture Fund

ConsenSys chief strategy officer Sam Cassatt is stepping down to launch a new venture fund, Aligned Capital, with the backing of ConsenSys founder Joe Lubin. ConsenSys said Cassatt will stay on with the ethereum venture studio in an advisory capacity. Speaking Friday at San Francisco’s TransTech Conference, Cassatt said his fund is seeking to raise $50 million for its first round. Aligned will focus on emerging technologies including artificial intelligence, healthcare, cryptocurrency and blockchain, according …

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Weaponizing Blockchain — Vast Potential, but Projects Are Kept Secret

When Indian Defense Minister Rajnath Singh said that blockchain and artificial intelligence would “revolutionize war,” as Cointelegraph reported on Nov. 4, did he take things a bit too far? Jet engines have revolutionized warfare, and so have missiles and nuclear weapons — but shared digital ledgers?  Former NATO Secretary General Anders Fogh Rasmussen, for one, told Cointelegraph that he agrees with India’s minister when he was asked about blockchain’s possible military uses: “Yes, potentially. Digital …

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Ethereum 2.0 Validators to Earn up to 10% Annually for Staking: Report

Ethereum 2.0 validators can expect to earn from 4.6% to 10.3% as rewards for staking on an annual basis, a senior ConsenSys exec says. 32 ETH required to become a validator Collin Myers, head of global product strategy at blockchain firm ConsenSys, reportedly claimed that in order to become a validator on the Ethereum 2.0, one is required to maintain a minimum amount of 32 Ether (ETH), which is worth $5,760 at press time. Myers …

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Crypto and Blockchain News From Japan: Oct. 7–13 in Review

Japan, the second-largest source of traffic for global crypto exchanges to date, witnessed a number of industry announcements this week as the country hosted the major blockchain event Devcon 5 from Oct. 8 to Oct. 11. Organized on an annual basis by the Ethereum Foundation, the recent Devcon conference featured leading figures in the blockchain and cryptocurrency industries, including Ethereum co-founders Vitalik Buterin and Joseph Lubin. Here is the past week of crypto and blockchain …

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Devcon Shows Ethereum’s ‘World Computer’ Is a Movement, Not a Product

If there’s anywhere in the world where it feels right to believe in magic, it’s Devcon 5 in Osaka, Japan. The ethereum community faces a daunting task: scale its blockchain ecosystem to securely support the growing demand for mainstream use cases. Thousands of technologists and passionate fans gathered at Devcon this week to grapple with the nitty-gritty, in a venue marked by rainbow signage. Among them sat 16-year-old Shawki Sukkar, a self-taught developer from Aleppo, …

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7 Ethereum Projects Are Getting $175,000 in Grants From ConsenSys

Venture studio ConsenSys is giving $175,000 to seven different open-source software projects on the ethereum network. Announced on Oct. 10, these projects include a forward-looking ethereum software client called Lighthouse, an oracle network for off-chain data called Tellor and a mobile decentralized app-builder called Alice, among others. About the new wave of grant recipients, ConsenSys Head of Experiential Marketing Yadira Blocker said: “In Wave 1, we saw a lot of applications but they weren’t super …

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Microsoft, Intel Back Ethereum-Based Token to Reward Consortium Efforts

The Enterprise Ethereum Alliance (EEA), the consortium charged with creating standards for businesses to build applications using the ethereum blockchain, has created a system of reward tokens to incentivize groups of companies. The system is backed by Microsoft and Intel. Showcased Tuesday at Devcon 5, the annual ethereum developers conference being held in Osaka, Japan, the so-called trusted reward token is a way of accruing and calculating rewards for active participation in a consortium. Michael …

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ConsenSys Fully Acquires Ethereum Infrastructure Provider Infura

Ethereum (ETH) venture production studio ConsenSys has announced that it had fully acquired Infura, a blockchain infrastructure provider that the firm previously backed. According to the blog post published on Oct. 4, Infura will continue its operations as a wholly owned business unit within the studio. Infura also noted that ConsenSys’s founder Joseph Lubin was one of the startup’s early investors. Centralization criticism Infura is providing Ethereum infrastructure for building decentralized applications, allowing developers to …

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ConsenSys and WWF Roll Out Platform for Transparency in Philanthropy

ConsenSys, a blockchain startup founded by Ethereum’s (ETH) co-founder Joseph Lubin, and the World Wildlife Fund (WWF) have jointly launched the Impactio platform to bring transparency into philanthropy. Per an announcement made on Sept. 24, a new partnership between ConsenSys and the WWF resulted in an Ethereum blockchain-based platform dubbed Impactio designed to supervise and fund projects within nongovernmental organizations and standalone companies. The impetus behind the initiative is to trace how companies’ funds are …

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Oxfam Readies Phase Two of Dai-Based Vanuatu Disaster Relief Program

Following the first phase of the Unblocked Cash program in Vanuatu, Oxfam is readying to launch the pilot program’s second phase using the Dai stablecoin to distribute disaster relief. Speaking exclusively to Cointelegraph, Oxfam Pacific Cash and Livelihoods lead and co-founder of partner company Sempo Nick Williams discussed the challenges and successes of the program’s first phase as well as the changes planned for the second pilot phase. Oxfam executes first phase of trial Throughout …

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