Galaxy Digital Invested $30M into Everipedia

Everipedia is a project led by Wikipedia co-founder, Larry Sanger
09 February 2018   1031

The billionaire Mike Novagratz' cryptocurrency bank, Galaxy Digital (GD), announced its first major investment. The Everipedia project, a decentralized branch of Wikipedia, attracted $ 30 million through the sale of shares to the Ecosystem Fund, reports Coindesk.

According to the publication, only strategic investors could take part in the round of financing. Everipedia plans to spend  attracted funds on the launch of its own P2P-network.

Note that the post of Director of Information in Everipedia currently holds the co-founder of Wikipedia, Larry Sanger. Last year, the project announced plans to move the entire infrastructure to the blockchain.

The company intends to create a censorship-protected system based on smart contracts. In addition, on the platform, crypto-currency tokens will be issued to encourage volunteers.

In the era of fake news and a general distrust in central entities like governments, corporations and the media the world stands to benefit enormously from a decentralized and uncensorable knowledge base.

Larry Sanger
Co-founder, Wikipedia

Previously a billionaire and head of Galaxy Investment Partners Mike Novogratz successfully collected the necessary amount of investment to launch Galaxy Digital - a crypto-currency trading bank, whose shares will be quoted on the Canadian stock exchange TSX Venture Exchange.

Sparkpool to Freeze $300k Reward

As reported, pool suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund
20 February 2019   68

The Sparkpool mining pool decided to freeze the remuneration in the amount of 2,103,1485 for the extraction of block # 7,238,290. The management of the organization suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund, CoinDesk reports.

The head of the Sparkpool Xin Xu argues that users of the pool understand and agree with the decision, given the size of the amount involved.

Unfortunately, and fortunately, blockchain is so far not completely run by machines; human are still involved. So we have an opportunity to correct the problem. Integrity is our pool’s priority.

Xin Xu

CEO, Sparkpool

While some users suggested that a large commission was paid by mistake, others admitted that this could be a goodwill gesture from an anonymous donor to the community of the miner or even an attempt to launder money through the blockchain cryptocurrency.