Technology
Ether-Linked Nonprofit Cuts Budget 40% During ‘Challenging Era’
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Cryptocurrencies Ether-Linked Nonprofit Cuts Budget 40% During ‘Challenging Era’ Vitalik Buterin, the programmer who helped create underlying technology for Ether, the world’s No. 2 cryptocurrency, said the nonprofit behind it is being forced to make some difficult decisions. The Ethereum Foundation is cutting its budget by 40%, which is leading to staff departures and is linked to broader changes in its overall focus, according to a sentimental post by Buterin on social media on Tuesday....
Cryptocurrencies
Ether-Linked Nonprofit Cuts Budget 40% During ‘Challenging Era’
Vitalik Buterin, the programmer who helped create underlying technology for Ether, the world’s No. 2 cryptocurrency, said the nonprofit behind it is being forced to make some difficult decisions.
The Ethereum Foundation is cutting its budget by 40%, which is leading to staff departures and is linked to broader changes in its overall focus, according to a sentimental post by Buterin on social media on Tuesday. It’s the latest sign of the months-long crypto rout disrupting the sector and causing job losses at even the most seemingly-stable entities.