Galaxy Digital Invested $30M into Everipedia

Everipedia is a project led by Wikipedia co-founder, Larry Sanger
09 February 2018   175

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.

Genesis Conference to be Held in London

Genesis Conference will cover research and development, regulation, economics and applications issues, taking place in London on February 22
22 February 2018   68

Genesis London Conference will take place on February 22, tackling the most pertinent issues in blockchain space: research and development, regulation, economics and applications.

Genesis London is a platform for researchers, developers and generally anyone interested in blockchain, and its priority is to share knowledge, facilitate productive discourse and filter out the hype.

Location: The CityPoint building, 1 Ropemaker St, London, EC2, UK
Date and time: 9:30AM - 8PM, February 22, 2018

The agenda of the conference includes Privacy and Confidentiality Techniques for Blockchains; Permissioned Business Blockchain Applications and Use-cases; Scalable, Transparent and Post-quantum Secure Computational Integrity, with Applications to Cryptocurrencies; A Rational Protocol Design Treatment of Bitcoin, and more.

The headline speakers include Patrick de Laive, co-founder of TNW; Margarita Khartanovich, head of insight at Binary District; Jack Gavigan, chief operating officer at ZCash; Jeremy Kahn, technology writer for Bloomberg, and many more.