April 15, 2021 at 02:53AM

Ethereum software company ConsenSys has announced the close of its $65 million foundation round, according to a press release, with J.P. Morgan and Mastercard among its investors.

The round will boost the company’s goal of speeding up the convergence of decentralized finance (DeFi) and Web3 applications on Ethereum with enterprise blockchain infrastructure, the release stated.

ConsenSys was created when it branched off from the leading Ethereum company through restructuring, according to the release. ConsenSys Mesh, the investment arm, incubator and portfolio, was formed the same way.

ConsenSys’ products are the primary gateways for access for Ethereum for developers, enterprises and consumers, which helps to make Web3 more accessible and useful, the release stated.

“To accelerate mainstream adoption of Web3, ConsenSys is focused on commercializing its industry leading platforms as distribution channels for leading DeFi protocols, catalyzing the convergence of traditional and decentralized finance,” the release stated.

Joseph Lubin, founder of ConsenSys and co-founder of Ethereum, said it is important for the company to “patiently construct a diverse cap table, consistent with our belief that similar to how the web developed, the whole economy would join the revolutionaries on a next generation protocol.”

In other news, over $623 million in bitcoin, stolen in a Bitfinex hack in 2016, was moved on Wednesday (April 14), CoinDesk reported.

The Twitter account Whale Alert reported the transaction, noting that the number of bitcoin moved was accurate and saying it was around 10 percent of the total 119,756 bitcoin stolen in that attack, per the report.

While the price of bitcoin was headed for $20,000 in November when another 5,000 bitcoin was moved from the same hack, experts have said these moves are unlikely to fluctuate the coin’s price.

“The 2016 Bitfinex hack BTC are some of the most tracked and blacklisted funds in the world,” Adam Cochran, a partner with Cinneamhain Ventures, wrote in a tweet. “No exchange will process them. They can basically never be cashed out.”

CoinDesk reported that the newest move comes at the same time as crypto exchange titan Coinbase is going public. Coinbase’s direct listing will be on the Nasdaq, and experts said the timing might not be a coincidence.

Bitcoin Daily: JPMorgan, Mastercard Join $65 Million Funding Round For ConsenSys; $623 Million Worth Of Bitcoin From 2016 Bitfinex Hack Was Transferred Wednesday …

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