Ethereum cofounder Joseph Lubin said on Yahoo Finance’s Final Round August 28, that he doubts manipulation accusations against stablecoin Tether (USDT). Founded in 2014, Tether was “the first” blockchain-powered platform that allows for the tokenization of fiat-backed cryptocurrencies. In June, after the publication of a study conducted by analysts from the University of Texas, USDT fell under suspicion of Bitcoin (BTC) price manipulation in 2017, when the BTC price surged to an all-time high of $20,000. The paper claims that “purchases with Tether are timed following market downturns and result in sizable increases in Bitcoin prices.” While many cryptocurrency enthusiasts …

Ethereum co-founder and ConsenSys Inc. CEO Joseph Lubin said in an interview with Bloomberg Aug. 14, that he does not see the recent cryptocurrency price collapse as a constraint to further growth. In а recent discussion on the state of the cryptocurrency market with Bloomberg, Lubin said that the value surges of the past year were just another bubble like the previous “six big bubbles, each more epic than the previous one, and each bubble is astonishing when they’re happening.” He added that on close scrutiny those peaks look like “pimples on a chart.” Lubin said that each bubble, such …

Ethereum co-founder Joseph Lubin referred to Berlin as “the most important city in the blockchain cosmos”, Cointelegraph auf Deutsch reported July 25. Lubin said that, "Berlin has the infrastructure, Berlin has the talent, the really good programmers are here." Lubin added that, if Berlin wanted to maintain its status as a blockchain hub, "the government needs to set up more programs to promote blockchain." According to Lubin, blockchain is still in its infancy. The Ethereum co-founder, who now is concentrating on app development on the Ethereum blockchain with his company ConsenSys, said: "We've seen a lot of bubbles bursting, and …

China’s Xiongan New Area government has signed a Memorandum of Understanding (MoU) with ConsenSys to bring blockchain technology to the “smart city,” the South China Morning Post reported July 23. ConsenSys, a blockchain software technology company focusing on Ethereum (ETH) development, has confirmed they will advise the Xiongan government on blockchain and software solutions in order to establish it as a “next generation smart city [and] leading blockchain innovation hub,”according to the (MoU) signed in Beijing. In April 2017, Chinese president Xi Jinping announced plans to build Xiongan as a special economic zone spanning three counties. The South China Morning …

Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week US Charges 12 Russian Intelligence Officers With Crypto-Funded Election “Interference” The U.S. Department of Justice released an indictment this week that charged twelve Russian nationals with the intention to “interfere” in the 2016 U.S. presidential elections. According to the indictment, Russian officials from the government’s Main Intelligence Directorate mined cryptocurrencies like Bitcoin in …

Leading crypto industry figures weighed in on the major implications of cryptocurrencies for - and beyond - the global economy, at the Rise conference in Hong Kong Wednesday, July 11. The panel’s participants were the Ethereum Foundation’s co-founder Joseph Lubin, CEO of crypto merchant bank Galaxy Digital Mike Novgoratz, Crypto.com CEO Kris Marszalek, Tenx’s Julian Hosp, and Wall Street Journal columnist Jacky Wong. First tackling the popular question of whether crypto can replace fiat, Mike Novogratz argued against the idea, saying that neither Bitcoin (BTC) nor Ethereum (ETH) are positioned in the short-term to do so. Both of them represent …

Ethereum’s Joseph Lubin said that with the fundamental “layer one” in the Ethereum ecosystem now established, 2018 will see “layer two” systems ramify and mature. Lubin’s comment came from his speech at the Rise conference in Hong Kong Tuesday, July 10. During a panel discussion with Village Global’s Erik Torenberg and Arbor Ventures’ Melissa Guzy, the Ethereum Foundation’s co-founder Lubin said that we are now moving into “phase two” of blockchain systems, “where we will see real scalability”: 'We're moving into a space where Ethereum can serve as the layer one trust system, and built into Ethereum we’ll have hundreds …

Bitcoin (BTC) developer Jimmy Song stated that using blockchain tech for a private, centralized system, such as an enterprise, ‘makes zero sense’ in an interview with Laura Shin June 26. Song, also a venture partner at Blockchain Capital, spoke on the podcast Unchained about his work as an architect on an enterprise private blockchain at Paxos for two years, noting that he “couldn’t” make a private blockchain work: “Every single time I came back to the same thing, you have to have some central point of failure, in which case a blockchain makes zero sense [...] I tried so hard …

This interview has been edited and condensed. Cointelegraph had the opportunity to speak to ConsenSys’ Ajit Tripathi at BlockShow Europe 2018 about his experience leaving Wall Street for the crypto world, what new ConsenSys projects he’s most excited about, and why crypto regulation changes from country to country. Molly Jane: Could you tell us a little bit more about what ConsenSys does and what your role is there? Ajit Tripathi: ConsenSys is a venture production studio based in Brooklyn, and now we have offices in London, in about 30 countries, including London, Paris, South Africa, Australia, and Singapore — we're …

Ethereum cofounder Joseph Lubin has said he considers the value of any given cryptocoin to be “90 percent speculative.” As part of an NBC article about how ‘Middle America’ is profiting from Bitcoin, Lubin made the comments in the context of Bitcoin Cash generating $11 mln more value for holders. "I would say 90 percent of the value of any "coin" is speculative,” he said. "It's the notion that the technology it represents is promising." Ethereum (ETH) is currently circling around $330 per coin, having rebounded 100 percent from last month to continue growth which for mainstream commentators almost defies …