Over 80 percent of the total circulating supply of Ethereum (ETH) is held by 7,572 addresses, claims a report released by digital asset research company Delphi Digital on March 7. More precisely, the data contained in the report claim that over 80 percent of the total supply of ETH coins are held by addresses with a balance higher than 1,000 ETH. The number of such addresses adds up to 7,572. The research breaks down the total number of addresses by volume of ETH they contain, stating that 6,490 addresses hold between 1,000 and 10,000 ETH, 923 of them hold between …

Ethereum (ETH) blockchain-focused development company ConsenSys has invested in an infrastructure investment startup, Allinfra, according to a press release shared with Cointelegraph on Feb. 21. As per the announcement, Allinfra will rely in part on ConsenSys’ technological capabilities and expertise in the tokenized assets area. The exact amount of the investment has not been disclosed. Allinfra facilitates direct investments in unlisted infrastructure assets via the Ethereum blockchain, providing users with the ability to create, purchase and transfer economic or ownership interests in these assets. As per ConsenSys, the solution makes the sector available not only to large institutional investors, but …

Ethereum (ETH) co-founder Vitalik Buterin has proposed a new smart contract creation function dubbed “Create2.” This function reportedly introduces a new attack vector to the platform, according to a post on the Ethereum developers forum Ethereum Magicians published on Feb. 8. According to a Medium post by software developer Tim Cotten, the original create function creates a new contract at an address that is calculated (through a hash function) with the creator’s address and a random number (nonce) associated with it. Create2, on the other hand, reportedly does the same, but with the difference that the contract is created at …

Bob Summerwill, a developer at blockchain tech company ConsenSys, has joined the Ethereum Classic Cooperative as its executive director, according to an official announcement on Jan. 29. The Ethereum Classic Cooperative manages the development and growth of the Ethereum Classic (ETC) cryptocurrency’s protocol. Ethereum Classic is the result of a hard fork in 2016, arising out of differences into how to respond to the high-profile DAO hack of the Ethereum (ETH) blockchain. Per the announcement, Summerwill will develop relationships that help the mission of the organization and grow ETC’s development and community. Summerwill will also support ongoing ETC initiatives such …

Harvard University and American clothing company Levi Strauss & Co announced a collaboration with the New America think tank to develop a blockchain factory safety system, Reuters reported on Jan. 24. The new system aims to eventually replace external factory health and safety auditors with a self-reporting infrastructure by the workers. Dr. Eileen McNeely, director of Harvard T.H. Chan’s Sustainability and Health Initiative for NetPositive Enterprise said, “For the last 25 years, work in supply chains has been monitored mainly by audits... A distributed system of inquiry on the blockchain that goes right to the source offers a new solution.” …

Disclaimer: This article previously stated that the layoffs at ConsenSys mainly affected support staff. The company later informed Cointelegraph that technical staff were also affected. Recent layoffs at blockchain software technology company ConsenSys did not exceed 13 percent of staff. The company’s Executive Director of Enterprise and Social Impact Vanessa Grellet spoke to Cointelegraph about the recent developments at the Crypto Finance Conference in Switzerland on Jan. 18. Grellet said that the staff cuts were a “natural movement” and mainly affected support staff. A company spokesperson later told Cointelegraph that all teams were reevaluated including technical and non-technical staff. Grellet …

Founder of blockchain tech company ConsenSys Joseph Lubin has been appointed to the board of directors of cryptocurrency startup ErisX. The news was revealed in an official press release published Jan. 17. Cryptocurrency exchange ErisX is a reboot of a futures market Eris Exchange, originally established in 2010. In December 2018, ErisX raised $27.5 million from Fidelity Investments and Nasdaq Ventures. In 2019, ErisX is expected to being offering both spot trading in Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), and futures markets. According to today’s announcement, Lubin has joined ErisX’s board of directors along with fintech entrepreneur Cris Conde. …

Blockchain tech firm ConsenSys has joined news industry leaders to contribute to the creation of a new revenue-generating news platform by WordPress, according to an official press release published on Jan. 14. ConsenSys has invested $350,000 in the new WordPress project called Newspack, an open-source publishing platform for news companies. Through the investment, the major global blockchain company has joined leading industry organizations such as Google News, The Lenfest Institute for Journalism and The John S. and James L. Knight Foundation. In total, WordPress’ parent company Automattic and its partners Spirited Media and News Revenue Hub have secured $2.4 million …

Ethereum (ETH) blockchain startup and incubator ConsenSys has participated in a $2 million seed funding round for Iceland-based blockchain startup Monerium, according to a press release from the firm, published Jan. 11. The startup counts the former chairman of Iceland’s central bank among its four founders. The funding round was reportedly led by Icelandic venture capital fund Crowberry Capital, and has also seen the participation of Icelandic private investment firm Hof Holdings. Founded in 2016, Monerium is reportedly developing a solution for “bridging fiat money and blockchains,” issuing what it refers to as e-money. Former central bank chairman Jon Helgi …

Blockchain software company ConsenSys, semiconductor producer AMD, and Abu-Dhabi-based investment management firm Halo Holdings are jointly working on a blockchain-based cloud computing infrastructure. ConsenSys announced the collaboration in a press release published on Jan. 4. Per the release, the companies have partnered to create the so called W3BCLOUD aimed at the development of AMD hardware-based datacenter products for emerging blockchain workloads. Within the collaboration, ConsenSys will provide expertise in the field of computing in blockchain transactions, security issues, and use cases for the technology. According to the statement, W3BCLOUD would be “the first” independent cloud computing blockchain infrastructure to satisfy …

Security and “systemic risk” will form the focus of the third Stanford Blockchain Conference at Stanford University on Jan. 30 - Feb. 1, organizers have revealed. Continuing the institution’s ever increasing interest in blockchain technology, the three-day event will see presentations and discussions on a variety of technical issues. Chaired by Stanford professors, among others, the event will see contributions from multiple cryptocurrency businesses, with input from names such as Blockstream, ConsenSys and Polychain Capital. Talks will come from representatives of industry businesses including Stellar-focused startup Interstellar and smart contracts platform Chainspace. The conference, which first ran in 2017, “will …

Blockchain software technology company ConsenSys may reportedly be making significant cuts to its staff, technology news outlet the Verge reported Dec. 20. Citing a source familiar with the matter, the Verge reports that ConsenSys is spinning out startups it previously backed, some of them without financial support. This will reportedly impact the ConsenSys’ workforce, especially its internal incubator Consensys Labs. The source said that the number of employees to be laid off could be anywhere between 50 and 60 percent of ConsenSys’ 1,200 person workforce. According to the source, ConsenSys Labs is also being reorganized and will subsequently cease to …