Coinbase, Binance and Ethereum, the news is linked in the crypto ecosystem. This time it’s neither good news nor bad, but the Foundation’s funding report. She would have spent a small fortune to finance the projects during the second quarter, this in order to support… the good cause.
The Ethereum Foundation at the service of education?
Ethereum is one of the best blockchains on the market, that’s a fact. But that’s not all ! Through the Ethereum Foundation, it aims for another level and supports education. In his report published on August 15, it spent more than $9 million on project funding.
The greatest beneficiaries were community and educational initiatives. Including, ETH Rome, ETH Singapore, Ethereum Barcelona and many more. In addition, Vitalik Buterin’s company also funded conferences and industrial research. In this momentum, it has subsidized the continued development of Nimbus and Lighthouse Ethereum clients.
But also, Consensus Layer research on staking infrastructure tools and data availability sampling. And zero-knowledge proof and cryptos were no slouch. Indeed, despite the downward trend, the Foundation continues to support the environment on the largest network of smart contracts.
Blockchain blows hot and cold in a bear market
The multiple charges of the SEC against the exchanges did not leave the market unscathed. As Binance loses market share, the ETH price is experiencing a slight decline. In addition, there has also been a slowdown in activities over the past few weeks.
However, this does not sound the death knell for Vitalik Buterin’s crypto. Even if Ethereum is not always unanimous like the mockery of Charles Hoskinson, it has more than one trick up its sleeve. Between the integration of PayPal and the launch of Holesky, its future testnet, it is not short of projects to reinvent itself.
The Ethereum Foundation continues to support many projects and places a special emphasis on education. However, the ongoing downtrend is not helping. Recall that ETH has been hovering above $1,800 since mid-June. But currently, the price is showing red signals and is hovering around $1,650.
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