NEO to start Open Blockchain Foundation

NEO initiated Open Blockchain Foundation (OBF) and put the unclaimed 1.8 million USD from NEO giveback plan as the first contribution to OBF
22 June 2018   2194

Shoucheng Zhang, honorary chairman of OBF performed with a keynote report and had a talk with Father of Public Key Whitfield Diffie. NEO was the major sponsor for Crypto DevCon that was held on Jun 11-12 in Mountain View, California. Da Hongfei,  NEO Founder, remotely announced in his speech that NEO would donate the unclaimed USD 1.8 million from NEO giveback plan to Open Blockchain Foundation (OBF).

The Honorary Chairman and President of Academic Committee of OBF (Open Blockchain Foundation), Prof. ZHANG Shoucheng, was invited to the conference to have a fireside chat with Professor Diffie, Father of Public Key. He underlined the following:

Blockchain technology research so far has been rarely funded by the government, whereas some blockchain projects or companies are willing to donate a portion of their funds to support academic research. The mission of OBF is to support frontier academic researches in blockchain technology with the funds raised from blockchain industry. NEO’s contribution is of great significance to both OBF and the blockchain industry.
Zhang Shoucheng,
Professor, Chairman and President, Academic Committee of OBF

Professor Zhang reported that finding solutions to Quantum computing resistance, a presently popular topic, is a part of the mission of OBF. These researches will define the future of blockchain technology. 

Open Blockchain Foundation (OBF) is an independent neutral foundation started by NEO, with a mission to back the R&D of blockchain technology in general. Being the first donor of OBF, NEO donated the unclaimed amount of 1.8 million USD from the latest concluded Giveback Plan as its first contribution to OBF, followed by 10-15 million USD contribution in the impending years.

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   94

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."