Ethereum Foundation Sells $10.2M in ETH to Bitmine as New Mandate Redefines Network Stewardship
The Ethereum Foundation sold $10.2 million worth of ETH to Bitmine and released a new mandate that redefines its role, emphasizing that it no longer acts as Ethereum's central authority but continues to support network development. This marks a significant shift in governance and stewardship for the Ethereum network. The move could lead to more decentralized decision-making and influence the future direction of Ethereum.
The Ethereum Foundation paired a $10.2 million ether sale with a sweeping new manifesto this week, signaling that while it still helps fund the network’s development, it no longer sees itself as Ethereum’s central authority. The $10.2M Ethereum OTC Deal On March 14, the Ethereum Foundation (EF) confirmed it completed an over-the-counter (OTC) sale of […]
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