The post Ethereum Foundation to sell 1000 ETH to fund R&D and grants appeared on BitcoinEthereumNews.com. The Ethereum Foundation will sell 1,000 ETH and use the funds to support initiatives such as research, grants, and donations. Summary Ethereum Foundation plans to convert 1,000 ETH into stablecoins via CoWSwap. The non-profit entity, which supports the Ethereum ecosystem’s development, will use the funds on research and development, grants and donations. EF also announced the conversion of 10,000 ETH into stablecoins for the same reasons in early September. The Ethereum Foundation revealed this via a post on X, noting that it will convert the 1,000 Ether into stablecoins.  As has happened before, the foundation, a non-profit that supports the Ethereum protocol’s development, plans to use these funds to bolster the network via research and development as well as issuing grants and donations. The sale comes as the price of Ethereum (ETH) edges towards a new all-time high following an intraday spike to near $4,600 on Oct. 3.  In its announcement, the Ethereum Foundation said the sale will involve the conversion of the 1,000 ETH to stablecoins, with this completed via CoWSwap. It will leverage CoW Protocol’s TWAP feature, aimed at minimizing the potential impact of the sale on market prices. EF says the move is part of the broader goal to highlight the power of decentralized finance. At current ETH price of $4,517, the sale would be valued at around $4.51 million. EF planned to sell 10,000 ETH In September, the Ethereum Foundation announced a sale of 10,000 ETH, at the time valued at around $43 million. The latest announcement aligns with that move, with the non-profit saying it would convert the Ether into stablecoins “over several weeks.” At the time, EF said the planned sale would be in small chunks or orders.  The foundation has been one of the most aggressive ETH sellers as the top altcoin withered… The post Ethereum Foundation to sell 1000 ETH to fund R&D and grants appeared on BitcoinEthereumNews.com. The Ethereum Foundation will sell 1,000 ETH and use the funds to support initiatives such as research, grants, and donations. Summary Ethereum Foundation plans to convert 1,000 ETH into stablecoins via CoWSwap. The non-profit entity, which supports the Ethereum ecosystem’s development, will use the funds on research and development, grants and donations. EF also announced the conversion of 10,000 ETH into stablecoins for the same reasons in early September. The Ethereum Foundation revealed this via a post on X, noting that it will convert the 1,000 Ether into stablecoins.  As has happened before, the foundation, a non-profit that supports the Ethereum protocol’s development, plans to use these funds to bolster the network via research and development as well as issuing grants and donations. The sale comes as the price of Ethereum (ETH) edges towards a new all-time high following an intraday spike to near $4,600 on Oct. 3.  In its announcement, the Ethereum Foundation said the sale will involve the conversion of the 1,000 ETH to stablecoins, with this completed via CoWSwap. It will leverage CoW Protocol’s TWAP feature, aimed at minimizing the potential impact of the sale on market prices. EF says the move is part of the broader goal to highlight the power of decentralized finance. At current ETH price of $4,517, the sale would be valued at around $4.51 million. EF planned to sell 10,000 ETH In September, the Ethereum Foundation announced a sale of 10,000 ETH, at the time valued at around $43 million. The latest announcement aligns with that move, with the non-profit saying it would convert the Ether into stablecoins “over several weeks.” At the time, EF said the planned sale would be in small chunks or orders.  The foundation has been one of the most aggressive ETH sellers as the top altcoin withered…

                                                                               Office of the Comptroller of the Currency’s Jonathan Gould says crypto companies should have a path to supervision in the banking system, which can evolve to embrace blockchain.                     Crypto companies seeking a US federal bank charter should be treated no differently than other financial institutions, says Jonathan Gould, the head of the Office of the Comptroller of the Currency (OCC).Gould told a blockchain conference on Monday that some new charter applicants in the digital or fintech spaces could be seen as offering novel activities for a national trust bank, but noted “custody and safekeeping services have been happening electronically for decades.”“There is simply no justification for considering digital assets differently,” he added. “Additionally, it is important that we do not confine banks, including current national trust banks, to the technologies or businesses of the past.”Read more