Foundation

Ethereum Foundation Unveils New Treasury Strategy to Secure Its ETH Reserves

Ethereum Foundation Unveils New Treasury Strategy to Secure Its ETH Reserves

The Ethereum Foundation (EF) has rolled out a new treasury strategy that aims to protect its ETH reserves with a 2.5-year runway while also targeting a 5% spending limit. The new plan prioritizes transparency, operational efficiency, and alignment with the blockchain’s long-standing values. In a June 4 blog post, the Foundation outlined plans to allocate […]

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Ethereum Foundation Announces Layoffs and Restructuring to Boost Scalability and User Experience

Ethereum Foundation Announces Layoffs and Restructuring to Boost Scalability and User Experience

The Ethereum Foundation announced that it has fired some members of its research and development team. This move is part of a larger restructuring plan designed to address key protocol design challenges. Reorganization Efforts According to a Monday blog post, the Foundation has rebranded its Protocol Research and Development division under a new, simplified name,

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Cardano Foundation Releases 2023 Financial Report, Unveils Expenses Across 3 Major Areas

Cardano Foundation Releases 2023 Financial Report, Unveils Expenses Across 3 Major Areas

Cardano Foundation, the non-profit organization behind the Cardano ecosystem, has unveiled its financial report for 2023, detailing its expenses across three major areas. Notably, the Financial Insights Report is the foundation’s first and part of its efforts to uphold the principles of transparency and openness. According to the report, the Cardano Foundation primarily spent most

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Web3 Foundation and Scytale Lead $2.5 Million Seed Investment in Hyperbridge to Build the End-Game for Blockchain Interoperability on Polkadot

Web3 Foundation and Scytale Lead $2.5 Million Seed Investment in Hyperbridge to Build the End-Game for Blockchain Interoperability on Polkadot

[PRESS RELEASE – Boston, Massachusetts, September 11th, 2024] Hyperbridge sets a new benchmark for secure, scalable, and verifiable cross-chain communication, launching with the highest economic security in the market. The Web3 Foundation, in partnership with Scytale Digital, has led the seed funding round for Hyperbridge, a groundbreaking protocol poised to transform blockchain interoperability. This investment

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Ethereum Foundation Wallet Transfers Over $290 Million in ETH After 7 Years

Ethereum Foundation Wallet Transfers Over $290 Million in ETH After 7 Years

A wallet associated with the Ethereum Foundation has transferred 92,500 ETH, worth $294.9 million, after being inactive for nearly 6.6 years. According to Lookonchain, these tokens have been held at the same address since 2017. The Transfer Details On-chain data indicates that the ETH was originally received from the Ethereum Foundation on September 1, 2015.

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TON Foundation Partners with HashKey to Improve Telegram Wallet Access

TON Foundation Partners with HashKey to Improve Telegram Wallet Access

Last updated: April 12, 2024 07:19 EDT | 1 min read TON Foundation has partnered with HashKey to support the “open network” and “increase access” to fiat on and off-ramps for Telegram wallet users in the Asia-Pacific Region. In an announcement, TON Foundation and HashKey said they will continue to work together to improve the

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Near Foundation Introduces Chain Signatures and Multichain Transactions

Near Foundation Introduces Chain Signatures and Multichain Transactions

Last updated: March 27, 2024 10:21 EDT | 2 min read The Near Foundation, which supports the Layer 1 Near Protocol, has announced that it now supports chain signatures. This advancement allows users to access multiple chains using their Near account, enhancing interoperability and user experience. Chain signatures and multichain transactions have been made possible

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Aeternity Foundation Enhances Blockchain Ecosystem with Strategic Leadership and Partnerships

Aeternity Foundation Enhances Blockchain Ecosystem with Strategic Leadership and Partnerships

[PRESS RELEASE – Sofia, Bulgaria, February 6th, 2024] The Aeternity Foundation is making a strategic move to accelerate the growth of the æternity blockchain ecosystem. Under the leadership of Nikola Stojanow, co-founder of Aeternity, the Foundation is gearing up to integrate advanced strategies encompassing technology and marketing, aiming to synergize technological innovation with ecosystem development.

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Algorand Foundation CEO’s X Account Hacked

Algorand Foundation CEO’s X Account Hacked

On January 26, the Twitter account of Staci Warden, the CEO of the Algorand Foundation, was hacked. The breach was announced via an official post by the Algorand Foundation, cautioning the community against interacting with any links or responding to private messages from the compromised account to prevent potential asset theft. Hacker Urges Community to

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