ConsenSys makes new investments

Posted 18 January, 2019

The venture division of ConsenSys announces new investments in the Coinhouse and Tenta crypto projects.

The head of ConsensSys Ventures Kavita Gupta stated on Twitter:

"Excited to announce ConsenSysVC 2 new investments Coinhouseu and tentabrowser." 

According to the company, it is going to invest $1 million in the Coinhouse trading platform, while another investment will be allocated for the Tenta browser project. However, the company did not unveil the amount of the second investment.

Coinhouse is located in Paris and has more than 150,000 active user accounts. The company CEO, Nicolas Louvet, is said to be among the early investors of the hardware wallets provider Ledger with the current board position there.

Another start-up is Tenta, a browser equipped with a built-in VPN, ad blocker, and a full data encryption option. As the available data showed, the browser was downloaded almost 62,000 times. At present, the development team is reportedly in talks with MetaMask targeting crypto wallets integration.

For reference, the investment division of ConsenSys appeared in September 2017 with the initial capital near $50 million. The major business goal is to improve the Ethereum ecosystem. 

Earlier, ConsensSys Ventures provided financial support to such large projects as ErisX, Bitmain, Fidelity Investments, Nasdaq Ventures, and Monex Group Inc.

A company spokesperson added that they want to focus on the funding for the companies that deal with infrastructure, privacy, and network effects. 

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18 January, 2019 16:14

← Blockspring crypto company becomes part of Coinbase

One of the largest exchanges Coinbase reportedly purchased San Francisco-based Blockspring company that was backed by Andreessen Horowitz. Blockspring offers solutions that may help developers to automate the process of gathering and processing the information from application programming interfaces (APIs) and store the results in Excel and Google Sheets. The companies did not comment on the cost of the deal so far.

Blockspring crypto company becomes part of Coinbase

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18 January, 2019 13:41

Some Ethereum miners reportedly connected to Constantinople chain →

The Constantinople update was put off, though some of the Ethereum miners are still connected to the network, thereby splitting the chain. It seems that not all miners received notifications about the delay. As a result, the hash rate in the network without the Constantinople update reportedly declined by some 10-20 TH/s. This can mean that more than 10% of miners switched to a new chain even though the main network upgrade was postponed.

Some Ethereum miners reportedly connected to Constantinople chain
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