Abra to Add ETH Natvie Support

As reported, Abra users will now be able to easily buy Ethereum or move ether from other wallets to the app
13 March 2019   358

The wallet provider Abra added native Ethereum support in a mobile application. Previously, users' balances were converted to synthetic Ethereum, which made it possible to play at the races of the course, but now real coins will be stored in their wallets.

By adding native Ethereum support, Abra users will now be able to easily buy Ethereum or move ether from other wallets to the app.

This opens up the potential to use Ethereum as an on-ramp to invest in the other assets listed on Abra including, 50 fiat currencies, 30 cryptocurrencies, and the BIT10 crypto index.
 

Daniel McGlynn

Abra

In the foreseeable future, Abra is also planning to add native support for other tokens based on the ERC-20 standard.

ConsenSys to Raise $200M, Media Reports

ConsenSys distributes presentation materials to Chinese investors, which say that the company expects to receive $ 50 million in revenue this year
16 April 2019   215

Based in Brooklyn, Ethereum-start-up ConsenSys is going to attract financing in the amount of $ 200 million from outside investors with a company's market valuation of $ 1 billion, the Information reports.

To this end, ConsenSys distributes presentation materials to Chinese investors. They say that the company expects to receive $ 50 million in revenue this year, mainly due to contracts with corporate clients and government agencies.

The publication also notes that in 2018, ConsenSys revenue amounted to "only $ 21 million." The structure of revenues, the sources of which are many supported by startups, is not specified.

The startup was founded in 2014 by Joseph Lubin, who at first financed ConsenSys from his own funds. Gradually, the number of staff of the company reached 1,200 people. However, when the price of Ethereum after the 2017 boom subsided sharply, the startup reduced 13% of employees. At the end of last year, as part of the reorganization, Lubin announced the launch of ConsenSys 2.0, as well as an emphasis on partnership with outside investors from the world of traditional finance.

In January, ConsenSys invested $ 1 million in the Coinhouse trading platform and an unknown amount in Tenta startup, focused on encryption.