Ethereum (ETH)
$240.28 (0.54 %) View coin
25 June 2020

ConsenSys and AMD joint venture W3BCLOUD raises $20 million to build Ethereum data centers

W3BCLOUD, a joint venture between Advanced Micro Devices (AMD) and ConsenSys, announced that it has completed its initial close of $20.5M in convertible notes. The joint venture aims to build out its first line of Ethereum data centers.

Why it matters: - AMD’s computing and graphics segment, which includes graphic chip sales to data centers, jumped 36% to $1.28 billion in 2019. AMD’s entrance into building blockchain data centers specifically for Ethereum is a positive signal for the smart contract network. - ConsenSys which operates Ethereum infrastructure providers like Infra and PegaSys is making a strategic play that will allow them to continue to expand their infrastructure product offerings.

The Ethereum Foundation held its fourth Reddit AMA on Ethereum 2.0 today, and the top question on everyone’s mind was (unsurprisingly) “when Phase 0?” The responses from various EF contributors were mixed. Researcher Justin Drake said a practical release date for Ethereum 2.0’s Beacon Chain would b...
A little over a month ago, Ethereum daily transaction fees surpassed those of Bitcoin. While it wasn’t the first time, this fee “flippening” appeared more utility-driven and sustainable as Ethereum-based volumes for stablecoin transfers and decentralized exchanges were on the rise. This indication ...
ETHE now trades at $91.33 and is down 53% since June 18th. From its $239.50 all time high reached June 4th, ETHE is down 61%. The ETHE premium to NAV has dropped down to ~380% from ~790% on June 18th and ~950% on June 4th. The premium collapse illustrates that the ETHE price drop is a product of inv...

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