🚀 Stay Ahead with AltcoinDaily.co! 🌐 At the recent Devcon event 2024, Ethereum researcher Justin Drake unveiled an ambitious proposal called Beam Chain. This proposed project is an upgrade designed to transform Ethereum’s consensus layer. This transition aims to enable Ethereum to handle growing demand more efficiently, improving the platform’s performance and user experience. As…
The Ethereum Foundation sold 100 ETH for DAI, marking its first ETH sale since releasing its annual report. The sale is part of the foundation’s strategy to fund public projects and maintain its financial reserves. Today, the Ethereum Foundation made another significant move in its ongoing strategy to fund public projects and maintain reserves. For…
The Ethereum Foundation has released a report detailing its $970.2 million treasury, primarily held in ether. The report outlines the foundation’s strategy of selling ETH during bull markets to fund ecosystem projects during bear markets. Rationale Behind Ethereum Foundation’s ETH Sales The Ethereum Foundation (EF), the non-profit organization supporting the Ethereum ecosystem, has unveiled a…
The Ethereum Foundation (EF), a nonprofit supporting Ethereum’s blockchain ecosystem, has released its 2024 annual report detailing financial updates, treasury holdings, and recent policy initiatives. The report highlighted the organization’s budget breakdown, spending from recent years, and new policies designed to foster transparency and integrity across the Ethereum ecosystem. Treasury holding As of Oct. 31,…
Vitalik Buterin, one of the main architects behind today’s Ethereum design, took to social media to reject common criticism of the Ethereum Foundation. Buterin, not known for this kind of action, called on critics to “show some respect.” Vitalin Buterin Calls Ethereum Foundation Critic to Respect Its Action Vitalik Buterin, co-founder of Ethereum and the…
The Ethereum Foundation was at the center of attention recently concerning a liquidation plan it has set in place to sell parts of its Ether balance. According to the on-chain tracker Lookonchain, a wallet linked to the foundation moved 2,500 ETH, valued around $6 million, to the exchange Bitstamp on October 8, 2024. This is…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 In a significant move that caught the crypto community’s attention, the Ethereum Foundation (EF) has sold yet another 100 Ethereum (ETH). This massive sale has added to its total sales of over $10 million worth of cryptocurrency this year. Ethereum Foundation Offloads Another 100 Ethereum In an X post,…
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Ethereum Foundation, a prominent non-profit organization, has made headlines with the significant sales of its native token, ETH. The non-profit sold 300 Ethereum, valued at $760,000, earlier today at an average price of $2,543. This sale came after the foundation briefly paused its selling activity. The sale occurred when…
The AI-powered sleuth Spot On Chain dropped a bombshell on X today: the Ethereum Foundation just offloaded 300 ETH, pocketing a cool 763,092 DAI. “Overall, since the beginning of September, the Ethereum Foundation has sold 950 ETH ($2.27M) at an average price of $2,392, with sales occurring every 4-7 days,” Spot On Chain dished out…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Danny Ryan, a key researcher at the Ethereum Foundation for over seven years, has decided to step back from his involvement in the Ethereum ecosystem. In a GitHub post, Ryan disclosed that his decision to leave is based on personal reasons and a desire to explore new opportunities. Importantly,…
September 10, 2024 at 02:30 AM GST updated: September 10, 2024 at 12:13 AM 3 mins read News Ethereum Foundation and Vitalik Buterin wallets have been steadily selling ETH, contributing to market pressure and bearish sentiment. A whale offloaded 28,554 ETH worth $64.4M to clear Aave debts, marking a $17M loss and intensifying Ethereum’s downward…
The Ethereum Foundation treasury currently holds $650 million in the main wallet. Ethereum has plunged by 5%, trading at $2,260. The non-profit organization of the Ethereum blockchain, Ethereum Foundation, will release an updated financial report, as per the official statement. The organization’s treasury has witnessed a significant reduction, with its main wallet holding approximately $650…
August 29, 2024 at 08:50 AM GST updated: August 29, 2024 at 08:42 AM 2 mins read News Ethereum Foundation’s 35K ETH sale precedes a 9% price drop, fueling market instability. Jump Trading’s 88.9K ETH deposits linked to a 20% Ethereum price plunge on August 5. ICO-linked whale “0xe17” and diamond-hand whale “0x682” deposit 73.5K…
August 28, 2024 at 01:15 AM GST updated: August 28, 2024 at 12:21 AM 2 mins read News Ethereum Foundation’s 2023 budget: 36.5% on new institutions, 24.9% on Layer-1 R&D, prioritizing long-term ecosystem growth. Vitalik Buterin’s 2023 salary $139,000, while 90% of his net worth remains in ETH, highlighting transparency and commitment. 6.2% budget increase…
On Aug. 23, 2024, the Ethereum Foundation made a significant transaction by transferring 35,000 ETH, valued at approximately $96.9 million based on current ether rates. The transaction sparked some criticism from the crypto community, with a few voices raising concerns about the foundation’s transparency. However, the foundation’s executive director quickly clarified that the transfer was…
August 25, 2024 at 04:55 AM GST updated: August 25, 2024 at 01:26 AM 2 mins read News Ethereum Foundation’s transfer of 35,000 ETH to Kraken aims for gradual sales, not a mass sell-off. ETH price gained 4.5% to $2800 despite transfer concerns, supported by broader macroeconomic factors. Ethereum Foundation still holds reserves of 273,776…
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms…
Ethereum Foundation transferred significant amounts of ETH tokens to the Kraken exchange. The altcoin has begun to show signs of price recovery in the last 24 hours. The Ethereum Foundation caught market attention in the past day with its significant ETH transactions. While the altcoin has struggled to surpass the $2.6K level in the past…