Ethereum Foundation Has Sold 90 Percent of ETC in the Last 6 Months
Vitalik Buterin, co-founder and developer of Ethereum, revealed in an online community that the Ethereum foundation or the development team have already sold 90 percent of their shares of Ethereum Classic over the past six months. Ethereum Classic, a spin-off project of Ethereum described as the continuation of the original Ethereum Blockchain by its founders and developers, was created after the execution of a controversial hard fork designed to bailout investors of the DAO. Miners and developers who felt that Ethereum demonstrated centralized governance continued to mine blocks of the....
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Apparently, there are incredible traders in the Ethereum Foundation. Once again, they managed to cash out at the very top. On November 16th, ETH was worth an all-time high of $4891. On the very next day, the Ethereum Foundation sent 20,000 ETH to Kraken and sold them. Is this suspicious at all? Not per se, but this is the second time that they pull the same magic move. Related Reading | Why The Ethereum Foundation Launched A Client Incentive Program A professional trader that goes by the name Edward Morra on Twitter was the first to spot the trade. “Friendly reminder that ETH....
The process was "messy" but the results are in. The new board members for the Bitcoin Foundation are Olivier Janssens and Jim Harper with 63 percent and 60 percent approval respectively. Michael Perklin finished third with 52 percent approval followed by Bruce Fenton with 50 percent. Out of 595 confirmed voters, 440 votes were cast (74 percent). In order to be elected, candidates had to be approved by at least 50 percent of eligible voters. In the first round of voting, none of the 13 candidates met that 50 percent approval threshold, so a run-off election among the top 4 candidates was....
Chinese bitcoin exchange Huobi has reportedly sold out of customer slots to a fixed-term financial product called Dig-VC, which acts as a certificate of deposit, according to a new report from bitcoin news website CoinDesk. The platform, which offers a 60-day term, guarantees subscribers will see returns of about 1.2 percent on a monthly basis, amounting to a rate of 16 percent per annum. The first 100 subscribers to the service were awarded an additional 0.2 percent per month, to be added at the end of their term. Returns of the product are reportedly backed by Digcoin, a mining service....
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 […]
As the global FinTech hub you would think that the U.K. has no problem when it comes to recruiting new talent for its financial technology sector. Yet, it seems that the country is experiencing a skills shortage that is seeing many jobs going unfilled. In a report from Business Insider, it found data from one of the world’s biggest job listing sites, Indeed.com, showed that the hardest jobs to fill are mechanical and engineering projects managers. According to the data, 30.8 percent of the positions remain unfilled after two months. The remaining nine jobs that are hard to fill include:....