Ethereum Nonprofit Launches to Expand Institutional Adoption

An Ethereum founder and some of its biggest treasury holders are behind a new independent nonprofit launched to coordinate the blockchain’s institutional outreach, underscoring the ecosystem’s push to attract more banks, asset managers and financial institutions as competition from rival blockchains intensifies. The nonprofit, Ethereum Institutional, was introduced on Wednesday with backing from Ether (ETH)…

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BitMine, Sharplink and Joe Lubin Accelerate Wall Street Ethereum Push With Nonprofit Launch

In brief Ethereum Institutional, a new nonprofit, will help Wall Street firms adopt Ethereum-based infrastructure. The group follows last week’s launch of Ethlabs, another Ethereum nonprofit backed by many of the same supporters. Both initiatives come as the Ethereum Foundation faces mounting criticism, leadership departures, and a major restructuring. A new nonprofit aimed at onboarding…

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