Copy link
Increase text size
Decrease text size
Link copied

Grayscale continues to support ethereum classic developers

Thu, 23 Jan 2020, 05:39 am UTC

Grayscale Investments has extended its funding for ethereum classic (ETC) developers for another two years, CoinDesk reported.


“It is a big vote of confidence which we deeply appreciate. This funding allows us to continue our support of the ETC protocol and ecosystem. We will provide grants for key projects, as we have through 2018 and 2019,” ETC Cooperative executive director Bob Summerwill said.

Grayscale has been supporting ETC Cooperative since the latter's inception back in November 2017. It supports the cooperative through its Grayscale Ethereum Classic Trust and has already donated over $1.1 million to date. In 2019, the company gave $338,000.

Ethereum Classic (ETC), which was created in 2016 via a hard fork of the Ethereum blockchain following the infamous DAO hack, is currently among the top 20 cryptocurrencies by market capitalization and trading at $8.81 as of press time.

Meanwhile, Ethereum Classic Labs has just donated $1 million to UNICEF. According to Terry Culver, CEO of Ethereum Classic Labs, they chose the organization because they share the same commitment.

“Because it is a premiere humanitarian organization and they share ETC Lab’s commitment in finding ways to use technology to help the people and to improve people’s lives today and that’s something we really believe in,” Culver explained.

Earlier this week, Grayscale announced that Grayscale Bitcoin Trust has attained the status of an SEC reporting company.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,776.71 (-1.33%)
  • Ethereum (ETH) $252.83 (-5.56%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $403.56 (-8.75%)
  • Bitcoin SV (BSV) $278.06 (-12.47%)
  • Bitcoin (BTC) $9,776.71 (-1.33%)
Feb 14, 2020 (Friday)
13:11
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:11
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:24
Israel’s stock exchange partners with Edinburgh-based startup for its Blockchain Securities Lending platform
11:48
Blockchain insurance startup B3i completes 30 reinsurance contracts on its platform
11:47
Crypto Technicals: TRON (TRX) confirms 'Golden Cross' on the daily charts, eyes 61.8% Fib at 0.0297
11:04
Crypto investment firm Galaxy Digital lays off 15% of its workforce
10:18
Circle now seeks to sell off crowdfunding unit SeedInvest: Report
09:47
SBI Crypto enters into blockchain cooperation partnership with Northern Data
09:25
Wells Fargo invests $5M in crypto monitoring firm Elliptic
09:01
Crypto Technicals: XRP/USD pauses at 0.34 handle, consolidation likely before next leg higher
07:37
Election Commission of India looks to blockchain to tackle lost votes
06:26
Crypto Technicals: 'Spinning Top' dents upside in ETH/USD, technical bias remains bullish
06:20
Crypto lending startup BlockFi secures $30M in Series B financing
05:20
Crypto Technicals: BTC/USD holds above 10,000 mark, trades rangebound at 5-DMA support
04:53
IOTA Foundation investigates fund theft in Trinity wallet
Feb 13, 2020 (Thursday)
12:20
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:19
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:19
U.S. Treasury Department’s FinCEN working on new crypto regulations
11:47
Defense contractor BAE Systems is hiring ‘cryptocurrency exploiters’
11:07
DTCC calls for industry consortium and comprehensive framework to address DLT security risks
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft