Bitcoin ZK-rollup project Citrea announces the establishment of a foundation
Foresight News reported that the bitcoin ZK-rollup project Citrea announced the establishment of an independent non-profit organization, the Citrea Foundation, dedicated to supporting the growth and decentralization of bitcoin's programmable future. The foundation will fund cryptographic research to build trustless bitcoin bridges, and empower the open-source community and developers by providing strategic resources and running grant programs. The foundation's board consists of Chainway Labs co-founders Orkun Kilic, Murat Karademir, and an independent non-executive director based in the Cayman Islands.
According to previous Foresight News reports, Citrea completed a $14 million Series A financing in October 2024, led by Founders Fund, founded by billionaire Peter Thiel, aiming to implement smart contracts on bitcoin through BitVM.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI cloud startup Lambda, backed by Nvidia, races toward IPO: planning to raise up to $4 billions in the final pre-listing round, with a valuation of $14.5 billions
Cloud computing company Lambda, backed by NVIDIA, is launching its final funding round before its IPO, aiming to raise up to 4 billion US dollars.
United States Dollar Index retakes 102.00 as bulls eye YTD peak ahead of FOMC Minutes
McDonald's (MCD.US) sued over AI pricing tool, accused of facilitating algorithmic collusion among U.S. franchisees
McDonald's (MCD.US) is facing a federal lawsuit. The complaint alleges that its AI-enhanced pricing tool violates antitrust laws by sharing non-public data with franchisees who may compete in the same market.
Samsung Electronics delivers its strongest quarterly report ever; can HBM4e restart AI memory trading?
Samsung Electronics is about to face a critical test. The company will release its preliminary results on Thursday, and it is expected to record its largest-ever quarterly operating profit. However, the real test is not the scale of profits, but whether it can convince investors that the demand for memory chips is sustainable and that high product prices can be secured through long-term contracts.
Crypto prices
More
