ConsenSys Is Seeking $200 Million in New Funding: Report

ConsenSys is seeking a funding boost. Ethereum co-founder Joe Lubin’s Brooklyn-based venture studio is looking to raise $200 million from external investors, The Information reported Monday, at a valuation of $1 billion. The Information reports that ConsenSys is pitching Chinese investors with materials claiming the company aims to earn $50 million in revenue this year,…

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JP Morgan’s Stablecoin: A Feat of Engineering or Marketing?

Ben Jessel is head of enterprise blockchain at Kadena, a next-generation blockchain company offering both public and private blockchain solutions.  –––––––––– The world of blockchain and banking was set alight last month by the announcement that JP Morgan has created its own stablecoin. It was a rare move that has simultaneously excited the banking and enterprise…

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Coinbase Will Soon Reward You for Studying Crypto

Coinbase wants to incentivize the public to learn more about cryptocurrencies – by paying them with crypto. The exchange announced Wednesday that it was launching Coinbase Earn, a new system where Coinbase users can earn 0x tokens by completing various educational tasks, including watching videos and taking quizzes. The platform is invite-only at launch, though anyone…

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Ping An’s New Pitch for Blockchain: Shared Ledger, But Banks Keep Clients

Ping An, the Chinese insurance giant that built the eTradeFinance blockchain, is modifying the platform to give its 12 participating banks more control over customer relationships. Frank Lu, head of the blockchain division of OneConnect, PingAn’s fintech arm, and the architect of eTradeFinance, told CoinDesk his team is revising the way businesses submit their data…

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Harbor Launches Tokenized Equity Purchases With Real Estate Offering

Blockchain startup Harbor has officially launched its security token compliance platform and is moving to offer digitized shares in a high-rise building located in in South Carolina. Announced Tuesday at CoinDesk’s Consensus: Invest event, Harbor is now allowing investors to register to buy shares in apartment block called The Hub at Columbia, owned by the real-estate…

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Which Stablecoin Is the Riskiest? The Crypto Market Is Pricing That In

The market is starting to differentiate between stablecoins, even though these cryptocurrencies are all designed to trade 1-to-1 with fiat. Several U.S. dollar-pegged cryptocurrencies are now trading either significantly higher or significantly lower than the greenback, reflecting investors’ perceptions of their relative risk. Given that stablecoins are typically used as on-ramps for investors looking to…

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