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) $6,231.71 (-0.62%)
  • Ethereum (ETH) $130.21 (+0.21%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $214.23 (+1.65%)
  • Bitcoin SV (BSV) $157.32 (-2.00%)
  • Bitcoin (BTC) $6,231.71 (-0.62%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft