Hiking trips, plan Bs, and finding the human behind the tech: how Consensys Ventures’ chief seeks out her next success | New crypto exchange looks to lure traders with Tether futures
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New crypto exchange looks to lure traders with Tether futures
Ethereum Classic has experienced “multiple 100+” reorg attack
Ethereum Core Devs greenlight ASIC-resistant update, but launch timeline still uncertain
“A tech nerd doesn’t automatically make a CEO – but they can, and you have to find that out” — Kavita Gupta, Managing Partner ConsenSys Ventures
The Big Block
For a woman running one of crypto’s biggest powerhouses, Kavita Gupta makes her job sound surprisingly straightforward.
“I invest in people. I invest in their minds.”
This is the philosophy driving Consensys Ventures, the arm of Consensys which invests in blockchain and crypto companies. Still, simple as Gupta’s dogma may be, prospective beneficiaries hoping to impress her have their work cut out for them – having to pass a bespoke character analysis.
“You’ve got to really get to know [the founders],” Gupta tells The Block during an interview in London. “A tech nerd doesn’t automatically make a CEO – but they can, and you have to find that out.”
To cut through the BS, Gupta prefers to get potential business partners outside of the boardroom – often, involving a hiking trip – apparently a common practice for investors in her local San Francisco.
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Around The Block
New crypto exchange looks to lure traders with Tether futures
A new crypto derivatives exchange is launching with a variety of financial products, which its CEO hopes will draw large proprietary trading shops deeper into the market.
CoinFLEX, a spin-out of U.K. crypto exchange Coinfloor, announced its Tether futures product late Sunday evening. This will allow traders to essentially hedge their holdings of USDT or make a bet on the future price of the stable coin.
It’s a product that traders in Asia have been clamoring for, according to Mark Lamb, chief executive officer of the Hong Kong-based firm. He also said it could be a big money maker for the newly launched subsidiary, which previously operated under the name CoinfloorEx, and which is set to start trading in February. — More
Ethereum Classic has experienced “multiple 100+” reorg attack
Ethereum Classic, the smart contact platform, appears to be experiencing a block reorganization attack (reorg), according to blockchain explorer and mining pool, Etherchain. A reorg attack could potentially delay or reverse transactions on a blockchain. According to Etherchain, there was "a successful 51% attack on the Ethereum Classic network with multiple 100+ block reorganization." On Monday morning, the official Ethereum Classic Twitter account recommend that all exchanges and mining pools increase their confirmation times to over 400 blocks on ethereum classic withdrawals and deposits. — More
Ethereum Core Devs greenlight ASIC-resistant update, but launch timeline still uncertain — More
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