What is Ethereum Going to Do With All the Money It Raised?
At the time of writing, Ethereum’s presale has entered its next phase, where the price of 1 ETH dwindles in a downward linear progression through the sale’s end. The presale thus far has seen more than 48 million ETH presold, which even if calculated at the original price of 1 BTC / 2000 ETH is more than US$14 million. On Wednesday, the Wall Street Journal reported “mixed emotions” among “Bitcoiners” regarding the Ethereum presale because a few people on Reddit called Ethereum a scam. “Then there’s the other concern: Will the Ethereum team start dumping all their accumulated bitcoins and,....
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Ethereum extended its gains on Thursday, hinting at more profitability in the week that saw Coinbase, one of the world’s largest cryptocurrency firms, making its debut on the Nasdaq Stock Market. Traders also raised their bids on the second-largest cryptocurrency after ConsenSys, a software development firm focusing actively on the Ethereum blockchain, raised $65 million […]
Even though Qtum is designed for developers, rather than consumers, the average person on the street will reap the benefits of what Qtum has to offer. It is impossible to ignore the Qtum crowdsale right now. This project will change the way people think about bitcoin and Ethereum technology altogether. With an enterprise-oriented approach, the next wave of decentralized applications is just around the corner. The project also attracted quite a lot of interest for their crowdsale on day one, raising a lot of bitcoin and Ether in the process. Before the first day of the crowdsale had passed,....
An Ethereum development startup started by one of the blockchain project's original founders has raised $750,000 in pre-seed funding. Founded by former Ethereum CTO Gavin Wood, Ethcore said it raised the funding as part its bid to move forward on a product it hopes to evolve for enterprise use. Blockchain Capital and Fenbushi Capital participated in the round. Wood said that the funding will help EthCore move forward toward the 1.0 release of its Ethereum client, called Parity, and to help it create new development libraries that could be useful to the growing number of enterprise firms....
Microsoft, an American multinational technology corporation, recently hosted an Ethereum Classic meetup joined by original Ethereum founder Charles Hoskinson in its London headquarters. Hoskinson, who left the Ethereum foundation in 2014 before the pre-sale of ETH began, was pushed out of the organization after solidifying his stance on establishing the foundation as a non-profit entity. The Ethereum foundation however, decided to accept venture capital investment and pursue the path of a full profit company. “Concisely, we had a philosophical fight about whether to take VC money or not....
A documentary project called “Ethereum: The Infinite Garden” has raised 1,036 ether to complete its fundraising proposal. The project will use these funds to finance the first feature-length Ethereum documentary, that will cast members from the community and key individuals from the Ethereum Foundation, including Ethereum co-founder Vitalik Buterin. The initiative aims for a 2023 release. ‘Ethereum: The Infinite Garden’ Documentary Project Gets Funded “Ethereum: The Infinite Garden,” a project that aims to produce the first documentary about how the....