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ETH Price Falls As Ethereum Foundation Cuts 20% Staff in Lean Reorganization

The Ethereum Foundation announced today a reorganization that reduces its workforce by 54 colleagues, approximately 20% of total staff. The changes conclude a months-long internal process designed to align operations with the organization’s previously stated strategic documents. Ethereum (ETH) price fall almost 7% on the news. Scale of Cuts EF Management confirmed the reduction in

BeInCryptoBeInCryptoLockridge Okoth23 Jun

Ethereum breakaway developers turn a funding gap into a fight over who steers the network

On June 22, five former senior Ethereum Foundation researchers announced Ethlabs, an independent nonprofit R&D lab with a mission to make Ethereum the settlement layer of the global economy. The co-founders, Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf, and Julian Ma, framed the launch around Ethereum, the protocol, and ETH, the asset. Their announcement […]

CryptoSlateCryptoSlateGino Matos23 Jun

Ethereum Foundation Hit by Leadership Exodus: 8 Senior Figures Gone in 5 Months

The Ethereum Foundation has lost at least eight senior figures in five months after co-executive director Hsiao-Wei Wang resigned this week, further deepening a leadership vacuum at the organization that stewards the second-largest blockchain. A Second Co-Director Walks Hsiao-Wei Wang stepped down as co-executive director and board member of the Ethereum Foundation, effective immediately, the […]

Bitcoin.com NewsBitcoin.com NewsShiraz Jagati20 Jun