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Ether-Linked Nonprofit Cuts Budget 40% In ‘Challenging Era’

Vitalik Buterin, the programmer who helped create underlying technology for Ether, the world’s No. 2 cryptocurrency, said the nonprofit behind it is being forced to make some difficult decisions.

An Ethereum logo in the window of a cryptocurrency exchange office in Prague, Czech Republic, on Friday, Jan. 5, 2024. Bitcoin has been on a tear ahead of an upcoming Jan. 10 deadline that could see the US Securities and Exchange Commission approve the first exchange-traded fund tied directly to the asset’s spot price.
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