Charity project gained $9000000 dollars in BTC in six month

Bitcoin and blockchain technology help charity fund 
30 June 2017   2161

Distributed database that is used to maintain a continuously growing list of records, called blocks


Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

Fidelity Charitable, the charity fund, part of the fund giant Fidelity Investments, gained nearly $9 000 000 in bitcoin during the first half of this year, according to its financial report.

Last year Fidelity Charitable gained $7 000 000 in bitcoin. For first half of 2017, this number is "beaten" $2 000 000 more. According to mentioned report, the whole fund gained $2 000 000 000 for the first half of 2017.

This information was provided after CEO of Fidelity had a speach at CoinDesk's Consensus 2017 blockchain conference. She talked about deep interest of the fund in blockchain industry. 

Fidelity was established in 1991, began bitcoin raising in 2015. It has helped to support more than 235,000 nonprofit organizations with more than $26 billion in grants.

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   67

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.