Ethereum Foundation Sold 100 ETH for DAI to Strengthen Reserves

Q: How long will it take to read this news story?

The story "Ethereum Foundation Sold 100 ETH for DAI to Strengthen Reserves" has 287 words across 20 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Ethereum Foundation Sold 100 ETH for DAI to Strengthen Reserves" was covered 1 days ago by TheNewsCrypto, a news publisher based in United Arab Emirates.

Q: How trustworthy is 'TheNewsCrypto' news outlet?

TheNewsCrypto is news outlet established in 2020 that covers mostly crypto news. The outlet is headquartered in United Arab Emirates and publishes an average of 3 news stories per day. It's most recent story was published 18 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23557083</li><li>URL: https://beamstart.com/news/ethereum-foundation-sold-100-eth-17314319167381</li></ul>

TheNewsCrypto 1d ago

Ethereum Foundation Sold 100 ETH for DAI to Strengthen Reserves - TheNewsCrypto

Quick Summary:

Today, the Ethereum Foundation made another significant move in its ongoing strategy to fund public projects and maintain reserves.

For the first time since releasing its annual report, the foundation sold 100 ETH, swapping the cryptocurrency for the stablecoin DAI.

Vitalik Buterin, the co-founder of ETH, has previously explained that these regular ETH sales are necessary to ensure the foundation has the necessary funds for development and to keep the ecosystem sustainable.With over 272.30K ETH ($883.296M) still in its reserves, the Ethereum Foundation remains a crucial player in the ongoing growth and success of Ethereum.