NewsOver 200 Companies expected to join Enterprise Ethereum Alliance (EEA) over the next 2 to 3 months (youtu.be)HomeFeatured 5 Companies Focusing on Both Bitcoin and Ethereum Blockchain Development FeaturedThe astonishing rise of ethereum’s price has propelled the Ethereum Foundation to become the best funded blockchain organization, above 21Inc, R3, Coinbase, Digital Asset Holdings and Blockstream.Vitalik Buterin, Ethereum’s inventor, publicly stated that the Ethereum Foundation has “~$15m in fiat (mostly EUR and CHF), 500 BTC, ~800k ETH,” that makes it around $1.3 million worth of bitcoin and $165.6 million worth of eth at the current price, giving it an exact total of $181.9 million.That compares to 21Inc’s $111 million, R3’s $107 million raised recently, Coinbase’s $75 million, $60 million for Digital Asset Holdings and Blockstream’s $55 million among the top six blockchain companies.Uniquely among all these companies, the value of Ethereum’s Foundation directly depends on the value of ethereum as the vast majority of its holdings are in eth, thus directly aligning the incentives of the Ethereum Foundation and the ethereum protocol, platform, as well as wider ecosystem.

That makes it more likely the eth developers behave reasonably, objectively, in a scientific minded manner, amicably, and in a way that advances the protocol, with the result being that of an ecosystem which moves very fast.That is shown by the way ethereum handled its first and biggest test in the digital currency space so far.A theft of $200 million threatened to derail the entire project, with the regulators potentially coming down heavily while the mainstream may have turned against it.The ethereum ecosystem, however, was able to quickly stop the theft with just a code upgrade, returning the stolen funds to the rightful owners, thus passing the test with flying colors.That earned Ethereum its first biggest ally, Coinbase, which added the currency to its offerings, opening the dollar market.Then, a series of harmless bugs were exploited which ethereum quickly fixed, earning the confidence of household brands who have now joined in an alliance to raise ethereum up to an enterprise level.

That’s the move fast and break things moto of Silicon Valley in action.It has worked before, it is working here, but that means this space is at bleeding edge.There may be short term turbulences, but as long as the Ethereum Foundation holds eth we should expect such road bumps to be quickly fixed.Not least because Vitalik Buterin alone holds around $100 million worth of eth with many other ethereum developers probably holding substantial amounts making them directly vested in the platform, unlike in some other digital currencies where most developers were funded by dollars directly.The Ethereum Foundation is a non-profit, so much of this money will go towards development.To that end, Vitalik Buterin has asked everyone to send his way individuals capable in “Math, CS, distribution systems, crypto, economy, game theory, behavioral economy, all highly welcome” – he said.They’ll be needed for Prof of Stake research, Sharding, and much else, but the Ethereum Foundation also does other non-directly protocol related projects, such as the Ethereum Name Service which now secures a cool $219 million worth of eth used as reserve for 135,000 ethereum names.

Ethereum Is About to Boom Written by Alexandra Perry We learned two things about digital currency this week.First, we were reminded that digital currency is volatile — sometimes painfully so.We observed this volatility as Ethereum struggled to nose its way above the $90 mark.fastest bitcoin minerIt fell below $90 after multiple currency exchange attacks.ethereum gasAs Ethereum struggled, its peer Bitcoin skyrocketed.bitcoin borse europaThis brings us to the second lesson.bitcoin miner on linuxWhen one digital currency suffers, others surge.litecoin btc chartBitcoin acts as a safety net to digital currency investors.bitcoin is fiat money

As the grandfather in the cryptocurrency family, Bitcoin seems like a safe buy.When Ethereum’s price started to wobble, investors went running back to Bitcoin.This flighty behavior is not a good thing.You lose profits when you lunge between coins.Which is why we should enter the weekend with these lessons in mind.Ethereum is about to go up.Multiple events are taking place in the digital currency world that indicate this.And Ethereum's rise may have an effect on other currencies — including Bitcoin, which is hovering around $1,875 as I type this.Upcoming Ethereum Events May 22nd kicks off the Consensus Blockchain Conference.This conference goes for two days and features workshops that educate attendees on the benefits of blockchain technology.Without argument, Ethereum will be the star of the event.It has become the darling of many companies that are trying to improve their networks.This is probably why the guest list is so impressive: ABN AMRO Ad Meliora Accenture Allen & Overy A.T.

Kearney Berger Singerman LLP B2C2 BNY Mellon Bloomberg Broadridge Financial Solutions BroadRiver Capital One Citigroup CME Group Cognizant Cooley LLP Covington & Burling LLP Crowell & Moring LLP Davis Polk & Wardwell LLP Deloitte DTCC Equifax EY Fundserv Friedman LLP Goodwin LLP Guardian Life Insurance Hitachi Solutions Hogan Lovells US LLP Holland & Knight LLP IBM Infosys LG Electronics Medici Ventures Microsoft Nasdaq New York Life Penn Mutual Life Insurance Perkins Coie LLP PwC Procter & Gamble Prudential Retirement Rakuten S&P Global SAP Scotiabank Siemens Shanghai Clearing House Silvergate Bank Standard Chartered Bank State Farm Sullivan & Cromwell LLP Swirlds Swiss Re Synechron Thomson Reuters USAA Vanguard Western Union And more... With all of these companies coming to see Ethereum, we can expect a surge in interest.

Ethereum will finally get some pampering after having a rough week.And a key conference speaker is Ethereum's biggest fan: the Enterprise Ethereum Alliance (EEA).Join Wealth Daily today for FREE.We''ll keep you on top of all the hottest investment ideas before they hit Wall Street.Become a member today, and get our latest free report: "A Beginners Guide to Bitcoin" We never spam!View our Privacy Policy After getting your report, you'll begin receiving the Wealth Daily e-Letter, delivered to your inbox daily.If you haven’t familiarized yourself with the EEA, you should.The EEA is a collection of companies that are devoted to developing blockchain technology.The EEA wants to use the Ethereum blockchain for business means, including the use of smart contracts and building decentralized apps (dapps).Existing members of the EEA include Microsoft, Intel, BP, and Thomas Reuters.Those big names are joined by dozens of startups.In the next 90 days, over 200 companies will be onboarding into the EEA.

All new technologies are introduced slowly — another reason that Ethereum is a long-term hold.In the case of Ethereum, it will likely trickle down to everyday users through big corporations.More companies in the EEA means more corporate backing for Ethereum.Ethereum is quickly overcoming an obstacle that Bitcoin struggled with: widespread adoption.And all of this will boost investor confidence and guide buying.Watch Your Bitcoin and Other Digital Currencies As these events get underway, Ethereum is going to have some fuel pumped into its engine.And investors that held through the rough patch will be pleased.Bitcoin and Litecoin may take a hit as investors sell off coins to buy back Ethereum.Of course, no one can be 100% certain of how investors will behave.But the past week made a strong case for coin jumping.Bitcoin and its peers may feel Ethereum's rise as investors switch focus.Editor's Note: A lot of people ask questions in our comments section below.Feel free to tweet me at @AlexandraPerryC with questions or topics you would like addressed.