Ex-Ethereum CEO: Foundation Should Not Intervene to Save The DAO
"I think they're trying to patch up the side of the Titanic." So says Charles Hoskinson, the former CEO of the ethereum project when asked about the ongoing crisis surrounding The DAO, the ethereum-based funding vehicle that collapsed last week after a debilitating code exploit. Though he's since moved on to a new project in the industry, Hoskinson was among a limited number of fiduciaries for ethereum before departing in mid-2014 over a disagreement about how the project should be structured. At issue, according to Hoskinson, was his desire for ethereum to form a VC-backed....
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In July 2021, the non-governmental organization (NGO) Save the Children in Rwanda announced it partnered with the Cardano Foundation on a project that allows well-wishers to make donations in the form of cryptocurrencies. Save the Children Meets ADA At the time, it was revealed that Save the Children’s acceptance of ADA donations was not the first time the non-governmental organization (NGO) had accepted crypto. In fact, Save the Children says it has been accepting donations in cryptocurrency form since 2013. However, some have questioned the wisdom of accepting donations in a form....
“By removing Eth2 terminology, we save all future users from navigating this confusing mental model,” the Ethereum Foundation stated. The Ethereum Foundation has removed all references to Eth1 and Eth2 in favor of calling the original blockchain the “execution layer” and the upgraded Proof of Stake chain the “consensus layer.”Ethereum’s long-awaited transition from a Proof-of-work mining model to a Proof-of-Stake (PoS) consensus mechanism is expected to go live around in the second or third quarter of this year.Announcing the change the foundation cited a number of rationales including a....
What comes to mind first during the holiday season? Many are interested in purchasing gifts for friends and family members. Yet, there certainly is a need to give to those in need. During Bitcoin Black Friday, the BitGive Foundation successfully raised $4,850 in Bitcoin for the Save The Children's Philippines Relief Effort directing funds to the Typhoon Haiyan Children's Relief Fund. Bitcoin is simply the easiest way to send in and process donations to organizations providing relief around the world. BitGive Foundation's Executive Director, Connie Gallippi put out the following press....
The Ethereum Foundation has been around for a while and is in charge of funds that get distributed to projects on the Ethereum network. In its treasury, there is a large amount of ETH among other crypto investments that help to fund projects. Recently, the Ethereum Foundation released a report that showed what digital assets […]
A member of the defense team of the alleged BTC-e operator Alexander Vinnik has called on the head of the Russian Orthodox Church to intervene in support of his client. The Russian national may be sentenced to over 50 years in prison for his role in the infamous cryptocurrency exchange. Prisoner Swap for Americans in Russian Custody Is Vinnik’s Only Chance to Return Home, Lawyer Says Frederic Belot, the French lawyer who has been representing Russian crypto entrepreneur and alleged money launderer Alexander Vinnik in courts for years, has written to Patriarch Kirill of Moscow and All....