ConsenSys

Consensys has taken legal action against the U.S. Securities and Exchange Commission (SEC). The lawsuit, filed on Thursday, aims to stop an impending SEC crackdown on Consensys’ MetaMask wallet and seeks a crucial ruling on the classification of Ethereum’s native token, Ether. Consensys Challenges SEC’s Stance The filing asserted, “The U.S. Securities and Exchange Commission’s (SEC) threatened regulation of Ether as a security would jeopardize the United States’ ability to use Ethereum and similar blockchain technology.” Consensys is pushing for…

The post Consensys Sues SEC To Protect Ethereum, Claims ETH Not A Security appeared first on Coinpedia Fintech News ConsenSys has taken on the U.S. Securities and Exchange Commission (SEC) by filing a lawsuit in Texas federal court. The case focuses on the classification of Ethereum’s Ether as a security. ConsenSys argues this designation could harm the entire Ethereum network, posing significant risks to its functionality and innovation. This lawsuit not only challenges regulatory overreach but also aims to protect…

The world of cryptocurrency continues to be a hotbed of activity, with regulatory bodies like the SEC (Securities and Exchange Commission) struggling to keep pace with innovation. A recent point of contention centers around Ethereum (ETH), the second-largest cryptocurrency, and its potential for spot-traded ETFs (Exchange-Traded Funds). The SEC has expressed worries about potential fraud and manipulation within the Ethereum ecosystem, but blockchain giant Consensys is firing back, arguing that Ethereum’s security measures surpass those of Bitcoin (BTC). This debate…

Consensys, the parent company of self-custody wallet MetaMask, has urged the Securities and Exchange Commission to approve a spot Ethereum ETF, emphasizing Ethereum’s security features.  The Securities and Exchange Commission is reportedly looking into ETH’s status as a security, a move that has dampened market sentiment, with many anticipating a delay in an ETF approval.  Consensys Submits Comment Letter  To bolster the case for a spot Ethereum ETF, Consensys has submitted a comment letter to the Securities and Exchange Commission,…

The post ConsenSys Makes Strong Case for Ethereum ETF, Citing Security Edge appeared first on Coinpedia Fintech News ConsenSys, the parent company of the popular crypto wallet MetaMask, is making a strong case for a spot Ethereum ETF (Exchange Traded Fund) in a recent comment letter submitted to the Securities and Exchange Commission (SEC). The letter argues that Ethereum’s security model makes it a more suitable candidate for an ETF than Bitcoin. While the focus has long been on Bitcoin…

Tortola, BVI, March 22nd, 2024, Chainwire Web3 infrastructure provider Entangle has announced that it has received strategic investment from Consensys. The funding provided by the blockchain incubator takes the total funding received by Entangle to $4M. In January, Entangle revealed that it had closed a private round that attracted leading VCs such as Big Brain Holdings, Launch Code Capital, Seier Capital, and Skynet Capital. The follow-on investment from Consensys will support Entangle’s goal of building out its interoperable omnichain messaging…

Ethereum co-founder Vitalik Buterin has revealed that Ethereum 2.0 deposit contract is live. Buterin made this announcement on Twitter an hour ago, which paves the way for the rollout of Ethereum 2.0 Phase 0. The Ethereum foundation in a blog post further revealed how the genesis process is expected to happen.  The genesis time for the rollout of Ethereum 2.0 has also been moved from Jan 3 to December 1. Prospective stakers will be able to deposit the required ether…

Proton Labs, the developer of Filecoin Network, has announced a partnership with ConsenSys. With this collaboration, Filecoin will be integrated with every aspect of Ethereum. The partnership has also set a path for a web app and API for Filecoin's decentralized storage marketplace on ConsenSys's Codefi Activate. Activate by Codefi Networks is a platform to facilitate the launch of decentralized networks. While also providing user participation through a web app and APIs. The long history of partnership - Conensys &…