Joseph Lubin news

Co-founder of @ethereumproject & Founder of @ConsenSys. Building the decentralized Web 3.0 on #Ethereum. Active since 2011.

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Joseph Lubin Discusses Cryptocurrency Regulations and Ethereum Competitors

Joseph Lubin, the co-founder of Ethereum and ConsenSys, offered his thoughts on the so-called “Ethereum killers” as well as the state of regulation in the cryptosphere. As per an interview by Forkast Focus, Lubin rightfully acknowledges the benefits Bitcoin and Ethereum gained by being first movers, November 18, 2019. Finding Core Decentralization As a co-founder of EthereumRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Bitcoin, Ethereum didn't have to deal with regulators: Joseph Lubin

The number of blockchains and cryptocurrencies in the industry has been on a rise lately. However, the efficacy of a few projects still remains doubtful. Ethereum's Co-founder, Joseph Lubin, addressedThe post Bitcoin, Ethereum didn't have to deal with regulators: Joseph Lubin appeared first on AMBCrypto.

Joseph Lubin: Ideally China’s Digital Currency Ought to Allow Interoperability with Open Blockchains

China’s Central Bank Digital Currency has crypto stakeholders within the FinTech space speculating on its opportunities. Joseph Lubin, the founder of Consensys and a co-founder in Ethereum, said that he wishes China will allow interoperability with public blockchains like Ethereum during an Interview with Forbes. Lubin further noted that he wants to expand Ethereum’s market […]
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Joseph Lubin: Facebook Shouldn’t Be Controlling Libra

Someone should tell Joseph Lubin, the co-creator of Ethereum, that he needs to make up his mind about Libra. Lubin: Libra Is a Good System Seriously, in a new interview with CNBC, Lubin states that he likes Libra, but that Facebook isn’t the company who should be behind the wheel. This completely differs from an interview he gave in late October in which he describes the cryptocurrency as a “weapon of mass societal manipulation.” In his latest discussion, Lubin explained: I’m a big fan of projects like Libra. I don’t believe that Facebook… with the concerns that we have with respect to trust and personal identity in Facebook, should be driving that project. He explained that while Libra has a lot of promise and can accomplish many good things in this era, the currency is likely to be held down by Facebook, and to an extent, the Ethereum co-founder has a point. Facebook is a company that has been wrapped up in scandal for the past few years. Arguably the biggest scandal surrounding the social media platform has been Cambridge Analytica, which emerged in 2018. Facebook had been allegedly selling its customers’ private data to third parties for several years. What followed was a Senate hearing featuring Facebook’s own Mark Zuckerberg and trust in Facebook falling to all-time lows. It appears many people haven’t gotten over their fear and mistrust of Facebook, with a new survey saying that less than three percent of Facebook users would utilize Libra if it ever came to fruition. As it stands, Facebook says that if the currency does not garner regulatory approval by the time it’s ready to go, the company will potentially leave the Libra Association. This, according to Joseph Lubin, is exactly what needs to happen. He states: My only hope for them to actually launch Libra was to launch it in a bunch of small and medium-sized nations and bide their time and eventually, launch it in European… and American nations that are resistant. He further praised Libra’s status as a stable currency, saying that these coins will do wonders for the cryptocurrency space. He claims: We’ll see many Libra-like projects going forward with different kinds of price-stable currencies offered. Money Down the Drain? As it stands, Facebook is in a very rough position. No doubt the company has put loads of money into the Libra project. The problem is that if its progress is halted – as it no doubt is now – a lot of time and energy will have ultimately gone into something that never comes to fruition, and there are rumors abound that Libra may never have an official debut. At press time, however, the currency is still slated for release in 2020 at around the same time that bitcoin is set to incur a halving. The post Joseph Lubin: Facebook Shouldn’t Be Controlling Libra appeared first on Live Bitcoin News.
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Ethereum Co-Founder Joseph Lubin Explains Why Facebook Should Not Lead Libra

Joseph Lubin, co-founder of Ethereum in a recent interview commented that Facebook should not lead the Libra cryptocurrency project.  Facebook’s Past – A Major Roadblock for Libra’s Success In an interview with CNBC, he said that with all concerns regarding trust and personal identity, Facebook should not be spearheading the Libra project. Lubin further said that Facebook’s past is not helping Libra as the social media giant infamously used its users’ personal information without their permission and monetization of people’s attention and addicting people to their systems. However, he acknowledged that stablecoins would enable easier cross-border commerce and better access to price stability. “We’ll see many Libra-like projects going forward with different kinds of price-stable currencies offered,” Lubin said. Revealed in June, project Libra had a grand introduction with a list of top-notch corporate backers. In a few span of months, Libra has been subjected to skepticism and scrutiny from the regulators. Owing to Facebook’s history of mishaps in handling personal data.  Will Libra Manage to get Regulatory Approval? As a matter of fact, Facebook will not have sole control over Libra. The latter will be governed by a panel of backers. On 15th October, Facebook, in its meet at Geneva,  announced its 21 founding members. Some of the members include Uber, Lyft, and Spotify. The board of directors will consist of David Marcus, Facebook’s leader for the project, and representatives from Andreessen Horowitz, PayU, Kiva Micro funds, and Xapo Holdings. Also, in October, Libra suffered a major setback when Visa, Mastercard, Stripe and PayPal pulled their support for the project.  In late October, the House Financial Services Committee suggested that project Libra be ceased till it addresses loopholes. To which  Facebook CEO Mark Zuckerberg replied that the company will not be a part of launching the Libra payments system until it gets the regulatory approval. Interestingly, in the session Libra Association voted to move ahead without regulatory approval, Zuckerberg said Facebook “would be forced to leave” the project. What will be Libra’s ultimate fate? Let us know, what you think in the comments below! The post Ethereum Co-Founder Joseph Lubin Explains Why Facebook Should Not Lead Libra appeared first on Coingape.

Ethereum 2.0 will eliminate waste, specialized hardware: Co-founder Joseph Lubin

While most cryptocurrency ecosystems have started upgrading their blockchain services to improve their tokens’ use cases, Joseph Lubin, Co-founder of Ethereum and founder of ConsenSys, featured on the Fintech Beat podcast to share details about the Ethereum 2.0 ecosystem and how it may place itself within the existing financial system. He started by pointing out, […] The post Ethereum 2.0 will eliminate waste, specialized hardware: Co-founder Joseph Lubin appeared first on AMBCrypto.
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Quotes, Week 22 ’18

Jimmy Wales, Martin D. Weiss, Spencer Bogart, Joseph Lubin and Xi Jinping speaking on cryptocurrency and blockchain issues.

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Weiss Ratings Downgrades EOS for Centralization

The Weiss Crypto Ratings chart saw EOS slide down the ranks. Weiss downgraded the project, pointing centralization as the chief reason. Weiss Moved EOS Down Straight to C- Weiss Ratings downgraded EOS from B to C-, despite the favorable estimations in the past. The chief reason was the influence of big token holders, which could decide how to sway network resources. 1/6 We’ve had great respect for work and thinking that went into the #EOS project. But the Weiss Crypto Ratings model is not based on opinion. It’s driven by data. And that data has now caused a downgrade from B to C-. Here's why (full article to be published soon): — Weiss Crypto Ratings (@WeissCrypto) December 6, 2019 The EOS blockchain gains its speed from the feature of only having 21 block producers, which transpire transaction information amongst themselves. Thus, spreading the latest state of the distributed ledger is easier, in comparison to Bitcoin’s feat of broadcasting to above 9,300 anonymous nodes. The EOS Constitution also has special cases for blocking accounts – a feature which has been useful during hacks, but also means transactions can be censored centrally. The concentration of resources in only a few hands meant “whales” could decide on allocating activities. This is also one of the reasons why the EIDOS token spread like wildfire, consuming almost all transactions on the EOS network. Network Capable of Faking Activity, Hosts Parasitic Token EOS is a network similar to older ones like BitShares, as well as Steemit. Those networks have shown that the influence of “whales” can be immense, and two nodes could even broadcast millions of free transactions. Other networks like Lisk (LSK) showed that the election process for delegates ended up with voting power getting accrued in the hands of a few top delegates. All of them could vote each other into place, without resorting to regular user vote. EOS trades at $2.75, gradually declining from the mid-year peak above $6.00. The coin has erased most of the gains for 2019 and is on track to fall to lows not seen since the bear market of 2018. According to Blocktivity, the network carries more than 43 million transactions per day. As expected, things will get better from here. A bit fairer cpu pricing. Congestion will gradually die down as it's not dirt cheap to get cpu anymore. Everyone becomes a bit more vigilant. Fairer value for EIDOS and YAS and CPU. It will get better everyday.Now, when Voice? — Enumivo (@enumivo) December 1, 2019 Most of those now belong to minting EIDOS tokens, while other transactions are related to distributed app activity. EOS has also seen accusations that most of its dApps are visited by bots, faking the real usage statistics. What do you think about EOS’s latest crypto ratings (as per Weiss)? Share with us in the comments below.  Images via Shutterstock, Twitter: @WeissCrypto, @enumivo The post Weiss Ratings Downgrades EOS for Centralization appeared first on
Bitcoinist Set to Launch its Social Media Network ‘Voice’ on February 14, 2020

Voice, a social media platform built on the EOS blockchain, is set for release on February 14, 2020., the firm behind its design, is optimistic that Voice will compete favorably against the likes of Facebook and Twitter. This innovation will mainly use tokenization to promote activity within the network and leverage its authentication features […]
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SpaceChain’s New Milestone: First-Ever Demo of Blockchain Tech on the International Space Station

On Monday, December 5, 2019, community-based space and blockchain-focused platform, SpaceChain sent its blockchain hardware wallet technology to the International Space Station (ISS). As per the press release, this endeavor is the first ever ISS demonstration to date and was achieved as part of the CRS-19 commercial resupply service mission. This is definitely a milestone […]
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Bitcoin Fund Gets SEC Approval | Cardano Ready For A Push | EOS | Enjin | Digibyte |

Do you need Bitcoin BTC as Bitcoin Briefly Breaks Above $7,500 After SEC Approves BTC Fund. Launches Syndicate Platform with EOS Coin Discount on it's newly launched exchange with CRO pairs. Cardano Getting Ready for Big Push in 2020, Says Charles Hoskinson. Jared Tate talks about Digibyte DGB and the Poloniex issue. Delta Exchange Launches Derivatives for Enjin ENJ after Microsoft Partnership. Ross Ulbricht Clemency Petition Gathers 250,000 Signatures. References - Buzz -------- Free Newsletter: MCO USD 50 REWARD Sign up for eToro --------- Visit our website: Connect with us on Social Media: Twitter: Facebook: Telegram: ---------- NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Only one cryptocurrency is outperforming bitcoin this year — and its exchange has pioneered the practice of destroying coins every quarter

Binance Coin, or BNB, is the only major cryptocurrency outperforming bitcoin this year, but its namesake exchange is facing new concerns around increased competition, police raid rumors, and its "burning" practice. The Binance exchange faced new scrutiny after it said in November it has no "fixed offices in Shanghai or China" following reports of a police raid in the country, Bloomberg first reported. The exchange also destroys, or "burns," a portion of BNB coins in circulation each quarter as part of a plan to slash supply in half. Though Binance buys the coins off investors before destroying them, the practice likely serves as a factor in BNB's surge in 2019 and demand may wane once the burns reach their goal. BNB's popularity as the leading exchange token now faces opposition from new firms looking to corner the initial-exchange-offering market. Watch BNB trade live here. Binance Coin is the only major cryptocurrency outperforming bitcoin this year, but its namesake exchange faces heightened scrutiny for its "burning" practice and police raid rumors. The coin, typically referred to as BNB, allows holders to gain access to trading discounts and other benefits on Binance, the world's largest spot cryptocurrency exchange. BNB is up roughly 156% year-to-date, dwarfing bitcoin's 100% surge. The digital coin's outperformance was first reported by Bloomberg. The coin's run-up is likely boosted by the exchange's quarterly practice of destroying, or "burning," BNB to reduce the number of tokens outstanding. Binance plans to burn half of the total BNB supply — about 100 million coins — before pausing the practice. Though it buys the coins from holders before destroying them, the practice drives BNB demand as users still look to use its benefits. Binance destroyed $36.7 million worth of BNB at the end of the third quarter, or roughly 2 million coins. The exchange determines the amount of BNB to destroy based on its quarterly trading volume, and the latest burn hints the firm posted its most profitable quarter ever in the July-to-September period, Bloomberg reported. The platform also enjoys looser regulatory scrutiny due to its registration in Malta, yet critics are calling for Binance to clarify rumors around a reported raid on offices in China. A spokesperson for the firm told Bloomberg it has no "fixed offices in Shanghai or China," yet the rumored police search raised worries around whether the exchange is misleading investors to avoid China's crypto regulations.  BNB's surge cooled alongside other cryptos through the second half of the year, and a decline in initial exchange offerings on the platform could further hamper its performance. Binance customers used BNB to purchase coins sold by startups on the exchange, but as competitors with similar discount tokens crop up, Binance's popularity has faced new threats. "BNB's large relative outperformance came in the first part of this year, as the IEO craze reached its peak," Travis Kling, who leads hedge fund Ikigai Asset Management, told Bloomberg. "IEOs have cooled off a lot of its relative outperformance." BNB traded at $15.61 per coin at 3:10 p.m. ET. bitcoin traded at $7,456.46 per coin. Now read more markets coverage from Markets Insider and Business Insider: Billionaire hedge fund manager Bill Ackman is poised to exceed 50% returns after a 3-year drought Apple soars to all-time high after top analyst suggests 'completely wireless' iPhone could arrive by 2021 An unsealed court filing gives the first peek at Amazon's legal attack on the Pentagon's $10 billion cloud contract, and Trump is called out by name Join the conversation about this story » NOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruption
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