Ethereum (ETH) A Strong Buy According to Joseph Lubin of Consensys

Ethereum prices bullish above $135
Joseph Lubin expects prices to rally
Volumes low, dropped by half in the last week

Weeks after retrenching staff, Consensys CEO is confident that ETH prices will surge 1000X. This is partly thanks to the launching of Ethereum 2.0 and prospects of dealing with scalability. Therefore, that means there is a huge Ethereum (ETH) undervaluation.
Ethereum Price Analysis
Fundamentals
Consensys is the Brooklyn-based software-production studio that is backed by Joseph Lubin. Joseph is one of the top contributors of Ethereum. Months after announcing plans of the studio’s  “re-focusing of their priorities” at the back of dropping asset prices and a biting crypto winter, Joseph believes that ETH prices will surge 1000X in the next two years.
With an eager audience during the ConsenSysSXSW 2019 in Austin, the tech leader is banking on Ethereum 2.0 and the development of layer 2 scalability solutions that will see Ethereum platform efficiently handle the influx of transactions without sacrificing speed or hiking fees:
“Ethereum 2.0 is launching soon. We have eight teams working currently on Phase 0 of the four phases of the roadmap. We will further develop the base layer of the Layer 2 expansion solution, which will be in the next 18- at least 1000 times in 24 months. Once this completes, Ethereum will continue to expand. Since the start of the ecosystem in 2009, Ethereum has seen many incredible rises in the price of the tokens followed by many corrections. One of the significant corrections was done in 2018, which was 5,000-times more valuable than when ETH was initially launched.”
Candlestick Arrangement

Meanwhile, Ethereum prices are stagnating above $135 but up four percent from last week’s close. From candlestick arrangement, buyers are in charge and trading within a bullish breakout pattern with immediate supports at $135.
Even so, we must realize that sellers are overly in charge especially if we break down the price from a top-down approach. Note that $170, though more than $30 away is a vital resistance and previous support. As reiterated in previous ETH/USD trade plan, price surges above $170 should have strong bases.
That, therefore, means consolidation above Mar 5 highs and oscillation within Mar 15-16 high lows. Any drop below $135 nullifies this trade plan and could catalyze a sell-off towards $100, a psychological round number.
Technical Indicators
Flat-lining prices equate to low participation levels, and that is evident from the chart. From Mar 5 when decent volumes—302k versus 296k, accompanied prices, participation averages have dropped to 160k hinting of low demand. Moving on and as laid out in prior trade plans, gains above $150 confirming bulls of Mar 5 must be with high volumes exceeding 330k or even 1 million of Feb 24.
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IBM Makes Quiet Entry into the Crypto Custody Space

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IBM Makes Quiet Entry into the Crypto Custody Space
A New York investment firm, Shuttle Holdings announced that they will launch the beta version of a custody solution for digital assets built on IBM’s private cloud and encryption technologies, later this month.
IBM Makes Quiet Entry into the Crypto Custody Space

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Ethereum [ETH]’s Joseph Lubin opens up about ConsenSys lay-offs

Joseph Lubin, the Founder of ConsenSys, a blockchain software development company, and the co-founder of Ethereum, spoke about one of the controversial topics surrounding the company, during an interview with CNNMoney Switzerland. The topic under discussion was ConsenSys lay-offs, which drew the attention of the entire space including the likes of Vitalik Buterin and Justin Sun.
The news regarding ConsenSys lay-offs first broke out towards the end of 2018, wherein the blockchain company announced that they have dismissed over 13% of its members, stating that they were streamlining several departments in the firm.
This was later followed by a report from the Verge claiming that the company would be laying off 50% to 60% of its employees, which summed up to around 1200, resulting in the majority of the members in the community discussing the future of the firm.
Lubin soon spoke about the matter in hand on his official Twitter handle, wherein he said that the company was healthy and that they were working on rebalancing their priorities and activities, which started about nine months ago.
“We are creating transitions for some projects that we believe don’t fit as well into the ConsenSys 2.0 vision as they did in ConsenSys 1.0, and we are working on ways to continue to support these projects going forward as we sketch plans for a ConsenSys alumni network.”
Joseph Lubin, during the recent interview, said:
“Well we’ve been around for around four years and our main mission during that period was to build out the infrastructure for Ethereum, to take that infrastructure and apply it to corporate situations consortium situations and to foster adoption to educate and we I believe that we were reasonably successful doing that”
This was followed by the Founder stating that the company recently “realized” that this is a competitive ecosystem and that there is a need to “tool” the company to compete in this ecosystem. He said:
“so there were some job functions that we didn’t need going forward and there are other job functions that we do need going forward so even the press may have focused on a kernel of of news. we’ve also hired a hundred people in in the last two months”
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Source: AMB Crypto

Ripple’s CEO Brad Garlinghouse Hints at Their Readiness to Disrupt Gaming

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Ripple’s CEO Brad Garlinghouse Hints at Their Readiness to Disrupt Gaming

Being known as a company developing payment solutions, Ripple may soon enter the gaming industry, as its CEO mentioned games build on the XRP Ledger.

Ripple’s CEO Brad Garlinghouse Hints at Their Readiness to Disrupt Gaming

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Ripple/XRP: Brad Garlinghouse, says he doesn’t consider Ethereum [ETH] as a competitor to what XRP is doing

Brad Garlinghouse, in Ethereal Davos panel, had a discussion with Joseph Lubin of the ConsenSys and Brian Behlendorf of the Hyperledger about the future of blockchain and cryptocurrencies.
Talking about XRP overtaking Ethereum. Ripple’s CEO Brad Garlinghouse said:
“This is a marathon and not a sprint and measuring the success of any platform in the day-to-day, hour-to-hour is a fool’s errand and I think all of the major platforms are working on interesting use-cases… and I think we are still in the nascent stages of this market. I don’t consider”
He continued saying that CoinMarketCap’s rankings sometimes show XRP as number two and sometimes its number three hoped that most people in the community agree with him.
Garlinghouse added:
“I don’t consider what Ethereum is doing in any way as a competitor with what’s going on with the XRP ecosystem. Is there some overlap on occasion? Sure, probably, but I think you’re going see things play out in a long time. I think mostly we are all up here aligned with , ‘we seeing the overall market health and mature’.”
Moreover, he said that Ripple is championed and that there’s a need for more transparency in the ecosystem. Garlinghouse moved on to talk about decentralization and said that the word in itself is “nuanced”.
In addition, he said that Bitcoin and Ether were usually considered decentralized but the mining aspects of it and the recent 51% attacks are some among the issues that make us question as to what decentralization really is.
Furthermore, he continued that these issues needed to be addressed head-on and illustrated what Joseph Lubin did recently was a step in the right direction.
He fended off the FUD of XRP being centralized saying that XRP Ledger was way more decentralized than mining based solutions, because of the nature of PoW and the centralization that recently happened in China.
The post Ripple/XRP: Brad Garlinghouse, says he doesn’t consider Ethereum [ETH] as a competitor to what XRP is doing appeared first on AMBCrypto.
Source: AMB Crypto

ConsenSys is Partnering With Harvard: a Big Milestone For Ethereum in the US?

Blockchain tech firm and startup incubator ConsenSys will be collaborating with the likes of Harvard University, self-proclaimed “think tank” New America, and iconic denim brand Levi Strauss & Co. on a new initiative to bring Ethereum-based blockchain technology into the workplace in an effort to improve the overall health and safety of workers.
The news could also potentially further legitimize Ethereum in the United States by being at the center of the collaboration.
Harvard’s Workforce Well-Being Program Partners With Levi’s and ConsenSys
ConsenSys, an Ethereum-focused blockchain firm that’s struggled during the current bear market, is partnering with San Francisco-based American clothing brand Levi Strauss & Co., New America, and the Harvard T.H. Chan School of Public Health on an initiative that uses blockchain to provide additional transparency into the health and work conditions of the employees working for Levi Strauss.
The project, funded by a grant from the U.S. State Department, will host a survey on the Ethereum blockchain that will help executives evaluate the work environment at factories operated by the clothing brand. Workers will be required to self-report annually, providing valuable insight to Levi Strauss. The survey will be rolled out to three of Levi’s factories in Mexico and serve some 5,000 employees, according to Reuters.
Related Reading | ConsenSys and Amazon to Launch Ethereum Marketplace for Enterprise Blockchain
The survey itself was developed by Harvard’s public health school that focuses on “sustainability and health” for the benefit of both businesses and their employees, while the blockchain tech will be provided by the Joseph Lubin-led ConsenSys.

The collaboration was first revealed by Lubin in a tweet, explaining that the goal of the project is to “replace outside auditors” at factories, helping save money, increase transparency, and to gain invaluable insight into the work conditions of factory workers. The inclusion of blockchain technology and Ethereum’s immutable ledger ensures the results of the survey cannot be tampered with.
Ethereum Gets a Vote of Confidence By Harvard and Major US Corp
Ethereum has taken a beating during the current bear market, falling as much as 94% from its all-time high of nearly $1,400 before rebounding to current prices. It’s caused many to question the long-term validity of Ethereum as a platform for smart contracts, however, Ethereum has merely been a victim of the fallout from the initial coin offering boom.
Using the ERC-20 standard, companies began launching new tokens on Ethereum’s blockchain via initial coin offerings en masse, accepting Ethereum in exchange for the new token. However, when the market turned ICO treasuries began liquidating their holdings in order to fund future operations alongside scorn investors panic selling, causing a snowball effect in Ethereum’s price decline.
Related Reading | Research Reveals Interesting Results On ICO Related Ethereum Price Swings
However, this new partnership with one of the world’s most prestigious universities, a major U.S. clothing brand known for its iconic jeans, and having received funding from the U.S. State Department shows that Ethereum’s base technology is just as legitimate as ever.
The vote of confidence and major milestone for the number three cryptocurrency by market cap should spark new interest in Ethereum, both as an asset to invest in, as well as a technology with untapped potential and well-deserved merit.
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ConsenSys Announces Two New Investments in a Bid to Win Over More Traditional VCs

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ConsenSys Announces Two New Investments in a Bid to Win Over More Traditional VCs

ConsenSys Ventures turns back to its traditional investment methods seeking strategic partners to join their umbrella. The move is aimed at increasing the rate of Ethereum adoption globally.

ConsenSys Announces Two New Investments in a Bid to Win Over More Traditional VCs

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Huobi Set to Axe Part of Its Staff Amid Extended Bear Market

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Huobi Set to Axe Part of Its Staff Amid Extended Bear Market

Following the recent news about Bitmain and ConsenSys, another cryptocurrency giant, Huobi, has announced its plans for reducing the company’s staff.

Huobi Set to Axe Part of Its Staff Amid Extended Bear Market

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Consensys CEO: The Future of Crypto is Very Bright, 2019 Will be a Watershed

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Consensys CEO: The Future of Crypto is Very Bright, 2019 Will be a Watershed

The past month hasn’t been good for Ethereum and it’s co-founders’ company Consensys. With Ethereum going below $90 support line, and mainstream media attacking Consensys on all fronts, Consensyss’ image has already been tarnished.

Consensys CEO: The Future of Crypto is Very Bright, 2019 Will be a Watershed

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Half of Concensys’ Workforce May Soon Leave the Company

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Half of Concensys’ Workforce May Soon Leave the Company

ConsenSys announces plans to shed off at least 50% of their workforce. The bear markets are to blame for this move as the company aims to refocus their operational and management strategies.

Half of Concensys’ Workforce May Soon Leave the Company

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Biggest Ethereum Development Firm, ConsenSys, May Lay Off 50~60% of Firm’s Workforce

According to a report in The Verge, Ethereum network startup incubator ConsenSys might be about to let go of around 50 to 60 percent of its staff. The publication spoke to undisclosed insiders familiar with the company who painted a dire picture of its current financial standing.
The reports surface just weeks after ConsenSys laid off 13 percent of its workers as part of a restructure from an incubation unit for Ethereum startups to a more traditional venture investment firm, known as ConsenSys 2.0. Such layoffs are becoming the norm as blockchain and crypto startups are forced to adjust to a more thrifty business model in the wake of the 2018 bear market.
Trouble at Ethereum Incubator: Could 720 ConsenSys Employees be Laid Off?
What a difference a year makes. This time in 2017, ConsenSys was splashing out on transatlantic business class flights on the day of travel. Just 12 months later and it appears the Ethereum startup incubation firm could about to lose huge portions of its workforce.
The incubation wing of ConsenSys, ConsenSys Labs, houses various dApp development startups. As reported by The Verge, these are referred to as “spokes” and there are about 36 of them according to an email cited by the publication.
According to an anonymous insider at ConsenSys, the number of employees at each spoke ranges from five to 50. The confidential source says that many spokes could be spun out into independent entities giving them reason to believe that as much as 60 percent of the 1,200 strong workforce could be about to get the chop.
ConsenSys did respond to requests for comment from the publication. However, it would neither confirm or deny that layoffs were forthcoming. The company representative instead stated that each spoke was being contacted to determine whether it would continue to work closely with the revamped ConsenSys 2.0 or would be spun out into its own entity.
According to a source in the know, most of the spokes that are not focused on “core Ethereum tools” would be spun out in the coming weeks and months. Only those startups working on developer-facing products for dApp building would remain under the revamped structure. These include Infura, Metamask, PegaSys, Alethio, Kaleido, and Truffle.
Second Layoff in As Many Months?
Just last month, ConsenSys let go of 13 percent of its workers. This was part of the restructuring to ConsenSys 2.0 announced by the company’s founder, Joe Lubin.
An unnamed source from ConsenSys spoke of the recent round of layoffs:
“It was so shady. They were firing people they had hired two weeks beforehand. They were firing people who were pregnant. Whose wives were pregnant.”
If what the sources reported by The Verge say is true, many more individuals could be about to depart from what has become the largest conglomerate of Ethereum startups.
This is a trend we are starting to see more of in the blockchain and cryptocurrency industry as the true impact of the ongoing bear market makes itself known. Steemit, for example, recently let go of 70 percent of its workers. Likewise, Ethereum-based chat application Status is cutting its staff by a quarter.
Related Reading: Analyst: Ethereum Constantinople Will Push Crypto Miners “Out Of Business”
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News Startup Civil to Re-Launch ICO and Debut Two New Products Early in 2019

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News Startup Civil to Re-Launch ICO and Debut Two New Products Early in 2019

Despite the recent failure, a community-owned journalism network based on transparency and trust, Civil, will take another ICO chance in February.

News Startup Civil to Re-Launch ICO and Debut Two New Products Early in 2019

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LinkedIn Report Names “Blockchain Developer” the Top Emerging Job of 2018

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LinkedIn Report Names “Blockchain Developer” the Top Emerging Job of 2018

LinkedIn, a social network for finding business contacts and job opportunities, has published its annual Economic Graph, where it listed top-5 emerging jobs that develop at the quickest pace among the others.

LinkedIn Report Names “Blockchain Developer” the Top Emerging Job of 2018

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The Crypto Markets May be in a Rout, But the Blockchain Job Market is in Full Swing

Although the crypto markets are caught in a persisting bear market, blockchain jobs are in a raging bull market, with blockchain developer job growth topping this year’s LinkedIn Emerging Jobs Report.
The report, which was released by LinkedIn on December 13th, analyzes the fastest growing jobs in the US, and notes that the blockchain industry was the fastest growing job market in 2018.
Crypto Crashed, But Blockchain Still Thriving 
Although the cryptocurrency markets have faltered throughout 2018 and are currently sitting at their lowest price levels since mid-2017, the blockchain development industry is thriving.
The LinkedIn report notes that in the United States, blockchain developer jobs saw 33x growth in 2018, significantly more than the second fastest growing job of machine learning engineers, which grew by 12x throughout the year.
The report notes that within the blockchain development sector, the most widely sought-after skills are knowledge and experience with Solidity (smart contracts), blockchain technology, Ethereum, cryptocurrency, and Node.js.
Within the market, most of the demand for workers with skills and a knowledge base in the aforementioned technologies stemmed from three main companies, including IBM, ConsenSys, and Chainyard, and three main cities, including San Francisco, New York City, and Atlanta.
Although the demand for blockchain developers is incredibly high, the crypto rout has undeniably stagnated this growth, as many companies in the blockchain sector have been impacted by the market crash.
ConsenSys, who LinkedIn notes as being one of the biggest blockchain employers, recently underwent a company restructuring that resulted in 13% of the company’s staff being cut.
The restructuring, which has been dubbed as “ConsenSys 2.0” by the company’s leaders, will result in more rigorous milestones and will lead to increased focus on the projects with the most long-term potential, while the more experimental and risky projects will be cut.
Blockchain Industry Not Going Anywhere
Although the blockchain industry may be starting to feel some pressure resulting from the cryptocurrency market crash, it still has a significant amount of growth ahead of it.
Recently, MouseBelt, a blockchain and ICO accelerator service, funded UCLA’s first accredited blockchain engineering course, which will start in January of 2019. The course will be for undergraduate students with an interest in computer engineering and will be considered by the university as a 4-credit special topics course.
In the past, students have had access to blockchain and cryptocurrency courses through the Anderson School of Management, but this is the first course that is actually being offered by UCLA to undergraduate students.
Although the cryptocurrency market’s current situation looks dire, the growth in the blockchain job market and the advent of new blockchain-centric courses from top universities signals that development in DLT tech, which is inexorably tied to crypto, continues pushing ahead and that the best is still yet to come.
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Crypto Bear Market Has Even Led $15 Billion Bitmain to Lay Off Employees

The ongoing bear market has begun to take its toll on a number of businesses, as many seek to close up operations, reduce staff, or make other changes that impact their ability to stay afloat. The latest cryptocurrency firm to feel pressure due to continued price decline, is the $15 billion-valued mining giant Bitmain.
Bitmain Closes Israeli Dev Center Due to Crypto “Shake Up”
After a mere two years in operation, Bitmain will be shutting down its development center in Ra’anana, Israel, citing continued turmoil and uncertainty in the cryptocurrency market.
“The crypto market has undergone a shake-up in the past few months, which has forced Bitmain to examine its various activities around the globe and to refocus its business in accordance with the current situation,” said Bitmain VP International Sales and Marketing Gadi Glikberg who also serves as the Branch Manager at Bitmain’s Israeli development center.
Related Reading | Bitmain Restructures Leadership Board Positions Ahead of IPO
According to Globes Israel, the Ra’anana office has 23 employees who will be laid off in the process. Glikberg himself is also leaving the company in the wake of the closure.
Back in September, before Bitcoin’s price broke through the critical support floor of $6,000 and plummeted yet another 40% from previous 2018 lows, Glikberg appeared unfazed, suggesting that the “market will find a way to perfect itself” when discussing the influence falling prices had on sales of Bitmain’s Antminer ASIC miners. In the same interview, Glikberg revealed that he had aimed to expand his team to up to 30 employees before the year’s end and was anticipating growth into 2019. However, the tides have turned and many business have been forced to either shut down, or alter their business operations significantly to remain competitive in the current market climate.
ConsenSys and Coinbase: Other Crypto Giants Struggling to Survive
It’s not just Bitamin that is suffering amidst the current downtrend in cryptocurrencies. This past week, blockchain innovation firm ConsenSys laid off over 13% of its 1,200 employees in a major restructuring the company is calling ConsenSys 2.0. The company’s founder Joseph Lubin, who also helped co-found Ethereum, said the the market was extremely “competitive” and the company would need to “retain, and in some cases regain, the lean and gritty startup mindset that made us who we are.”
Related Reading | ConsenSys CEO is Planning Company Restructure Following Bear Market
Coinbase, who generated a whopping $1 billion in revenue during 2017’s bull market, also laid off nearly 3% of its workforce this past October. It’s especially surprising for Coinbase to be dropping employees as the firm’s CEO Brian Armstrong has said that bear markets are a time to “build a strong foundation so we can thrive in the next growth cycle.” The company was also recently valued at $8 billion after a successful $500 million round of investment.

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