Consensys has announced the launch of Linea Association, an independent Swiss non-profit organization, to drive the growth and development of Linea, a zero-knowledge Ethereum Virtual Machine (zkEVM) Layer-2 rollup. The association will focus on advancing Linea’s open-source technology and governance, as well as Linea Mainnet. This move represents a step toward decentralizing the Linea network. According…
Swiss-based decentralized trading platform dYdX has announced a 35% reduction in its core workforce. Platform CEO Antonio Juliano initially shared the news in a brief post on X, calling the decision “sad” while promising to provide more measured reasoning for the action later. A Leaner dYdX In the social media post, the CEO stressed that…
Consensys, the blockchain development firm behind the popular MetaMask crypto wallet, has decided to lay off over 160 employees. The move impacts 20% of its total workforce. According to founder and CEO Joe Lubin, this decision was driven by macroeconomic challenges and substantial legal costs incurred during the company’s extended regulatory battles. Job Cuts at Consensys…
Consensys has laid off 20% of its workforce due to regulatory and legal pressures with the SEC. The layoffs are part of Consensys’ strategy to streamline operations and advance its decentralized “Network State” vision. Consensys, the developer of the MetaMask wallet, has laid off 20% of its workers, which equates to approximately 160 employees. Rising…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Consensys, the driving force behind the widely-used MetaMask wallet, has announced a significant workforce reduction while navigating turbulent waters. Consensys’s CEO, Joseph Lubin, broke the news in a blog post earlier today. This development raises questions about the company’s future and sheds light on deeper issues within the crypto…
Consensys, a Web3 software company, is laying off 20% of its workforce due to economic and regulatory challenges. Despite these setbacks, Consensys says it remains committed to its vision for Web3 and plans to continue supporting the Ethereum project. Consensys Cuts Staff Web3 software company Consensys is planning to cut its workforce by 20% in…
A recent survey by Consensys and HarrisX reveals that nearly half of US voters support pro-crypto policies as a significant factor in the upcoming elections. According to the report, 49% of surveyed voters view a pro-crypto stance as an important issue, and 13% of respondents are likely to cross party lines for a candidate favoring…
In a recent decision, a Texas court dismissed Consensys’ lawsuit against the U.S. Securities and Exchange Commission (SEC), which was filed in April 2024 to protect the Ethereum ecosystem from regulatory overreach. The court’s dismissal was based on procedural grounds, without addressing the merits of Consensys’ claims. Despite this setback, Consensys highlighted a significant win…
A Texas federal judge has dismissed a lawsuit filed by blockchain development company Consensys against the U.S. Securities and Exchange Commission (SEC) and its Chair, Gary Gensler, along with other commissioners. The lawsuit revolved around the SEC’s investigations into Ethereum (ETH) and its issuance of a Wells Notice regarding MetaMask, a cryptocurrency wallet developed by…
A Texas court has ruled to dismiss the Lawsuit filed by Consensys against the SEC. Consensys warns that classifying Ethereum as a security could impose heavy regulatory burdens. In a recent post on X, Consensys announced it had filed a lawsuit against the SEC in April 2024 to safeguard the Ethereum ecosystem. The Texas court…
September 20, 2024 at 12:08 PM GST updated: September 20, 2024 at 12:12 PM 2 mins read News Consensys’ lawsuit against the SEC was dismissed due to lack of final agency action, rendering the claims moot. The SEC previously issued a Wells notice to Consensys regarding its MetaMask wallet’s potential securities violations. The dismissal does…