RATE Group | Ethereum Foundation sold 70k ETH on all-time high
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Ethereum Foundation sold 70k ETH on all-time high

14 Dec Ethereum Foundation sold 70k ETH on all-time high

Posted at 17:00h in Ethereum News by

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  • Ethereum Co-Founder Vitalik Buterin has revealed that the Ethereum Foundation sold 70,000 ETH when it reached its all-time high.
  • Morever, the Ethereum Foundation has stopped funding some projects and developers.

The cryptocurrency Ethereum has a year 2019 so far, which is far from its past successes. Although it remains the leading platform for smart contracts, the annual exchange rate gain is only 3%. In comparison, Bitcoin has seen an increase of 98%.

In addition, technical progress has been slow. Although two hard forks have been successfully implemented this year, many people have criticized the latest steps of the Ethereum. Its co-founder, Vitalik Buterin, has now revealed in a recent interview what the Ethereum Foundation has done to manage its funding.

Ethereum Foundation obtained USD 100 million from sale of ETH

In an interview with “The Portal” moderated by Erick Weinstein, Director of Thiel Capital, Buterin said…

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