Farewell and Welcome – Ethereum Blog

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It is with sadness that we announce that Ming Chan, who has served as Executive Director at the Ethereum Foundation for nearly three years, is leaving the Foundation. Since her arrival in 2015, she has played a critical role in the development and success of the Foundation. We will miss the leadership, commitment and integrity that she brought to the Foundation, and wish to thank her for her dedicated service and many significant accomplishments including:

  • Multiple rounds of reorganization for the Foundation, as well as significantly improving efficiency and reducing costs
  • Building relationships with IC3 and other academic groups
  • Navigating and supporting the Foundation through multiple difficult challenges, including the DAO hack and 2016 DoS attacks
  • Overseeing multiple major successful hard forks, including Homestead and Metropolis
  • Overseeing three successful Devcon events

To address current and future leadership needs for the Foundation, we have already completed our search for a worthy successor. Effective February 1, 2018, Aya Miyaguchi will be assuming the role of Executive Director at the Ethereum Foundation. Aya is a veteran of the blockchain space and was most recently the Managing Director of Kraken Japan. She brings many years of organizational leadership experience to the table and has a passion for non-profits and social enterprise. We feel fortunate to have her join us and welcome her warmly to her new role.

“Having been involved in different layers of the blockchain ecosystem, I am aware of the the improvements that need to happen at the core level of the Ethereum platform, and that these improvements can only happen with the support of a strong community. I am excited to be taking on this role, and to support the research and development efforts and the relationships within the community,” Aya says.

We look forward to working with Aya as the Foundation continues to evolve and grow in the coming years. There are many exciting developments for our ecosystem on the horizon, and we anticipate even greater breakthroughs in the coming days and near future. Please join us in wishing Ming a heartfelt farewell, and in welcoming Aya to the Ethereum Foundation.

The Board of Directors, Stiftung Ethereum

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Samsung Is Now Building Bitcoin Mining Chips, Report Says

Samsung has started mass producing application-specific integrated circuit (ASIC) mining chips in partnership with an unidentified Chinese mining company.

The news was reported by South Korean news outlet The Bell yesterday, citing unnamed Samsung officials as its source.

Samsung was slated to start mass producing the ASICs this month, for distribution by the Chinese firm, it adds.

Rumors of Samsung’s ventures in mining date back to last October when the company unveiled a bitcoin mining rig composed of old Android smartphones at a San Francisco developer’s conference.

The reports have been somewhat contradictory, and it is unclear if the company has multiple partnerships in the works. In December, The Investor – another South Korean news outlet – reported that Samsung had partnered with a Russian bitcoin mining company called Baikal to produce ASICs, the production of which was also set to commence in January.

Samsung’s shift toward manufacturing processors for the crypto mining industry marks an expansion of its existing chip products, which reportedly accounted for more than 60 percent of its 2017 operating revenue.

If confirmed, the company’s involvement in mining will offer serious competition to the existing industry leader, China-based Bitmain, which claims to hold over 70 percent of the market share.

Users on Twitter were quick to point out that the sheer size of Samsung’s semiconductor plant would give the firm an automatic advantage.

Samsung image via Shutterstock

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Bank Indonesia Plans State-Issued Cryptocurrency Trial

Indonesia’s central bank will trial a state-issued cryptocurrency later this year, according to reports.

At some point in 2018, Bank Indonesia (the country’s central bank) will reportedly trial a state-issued cryptocurrency, which is being referred to by Indonesian media sources as the “digital rupiah.”

Susiati Dewi, the assistant deputy executive director of the bank’s payment systems department, said that “The physical banknotes we currently use may be converted into digital money. However, no country has released such money yet,” according to a translation by The Jakarta Post. She explained that the virtual currency would be intended to make payment systems in the world’s fourth most populous nation more efficient.

Susi (as she’s referred to by Indonesian publications) went on to relate that the bank plans for the virtual currency to be asset-backed, though reports on her statements do not name the assets that might be in consideration. She also revealed that the bank would take into account the inflation rate affecting Indonesia’s currency as it determined the number of digital rupiah to release into circulation.

In the past, the central bank’s governor, Agus Martowardojo, has publicly declared that bitcoin, and apparently other decentralized cryptocurrencies by extension, are not valid instruments of payment. The rupiah alone, he explained, can be used as a legal means of payment in Indonesia.

On January 10, the head of development and market development at Indonesia’s Commodity Futures Trading Supervisory Agency said that the government body was involved in discussions around the possibility of allowing bitcoin futures contracts to be traded on exchanges in the country.

Prominent figures of other governments, including those of Russia, Israel, China, and Venezuela, have floated the idea of a national digital currency, though some Venezuelan parliamentarians have opposed the “petro’s” issuance. 

Source material translated by Google unless otherwise noted.

Adam Reese is a Los Angeles-based writer interested in technology, domestic and international politics, social issues, infrastructure and the arts. Adam is a full-time staff writer for ETHNews and holds value in Ether and BTC.

ETHNews is committed to its Editorial Policy

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Congratulations Fernando Gutierrez – Dash Core Group, Chief Marketing Officer — Dash

I am pleased to announce that long time Dash Core Group contributor Fernando Gutierrez will be greatly expanding his responsibilities and time commitment on our team by accepting the position of Chief Marketing Officer.

@fernando has been active with the Dash project since early 2014. Throughout that time, he has managed countless projects, legal initiatives, business development opportunities, and has served as a board member providing overall guidance to the team, and in my opinion possesses one of the sharpest minds toward overall business management on the team.

Most recently, Fernando has taken the leading role on our marketing and branding efforts, including establishing our relationship with Ogilvy & Mather and managing the relationship and plans. He has also taken on ownership for management of our public relations firm Wachsman PR, and started planning our conference and event participation for 2018.

Fernando’s team – which we expect to start expanding soon – will be responsible for expanding our PR and advertising activities, events planning and coordination (including both external and Dash-organized events), marketing content and strategy (including assets like trademarks, our brand, the dash.org website, etc), and coordination of community / external communication.

Join me in congratulating Fernando. I believe the Dash network is extremely lucky to be gaining Fernando’s passion and capabilities, while maintaining the valuable continuity of knowledge and experience from all of his years of experience specific to Dash.


Fernando is a registered lawyer and economist. He had an almost decade-long career in sales and marketing in HP and Telefonica, with previous experience in strategy consulting. He was promoted multiple times and had early management experience, including projects across South America and Europe. He worked in B2B and B2C consumer market advertising, in departments that focused heavily on data analysis of each initiative. He then exchanged the corporate world for entrepreneurship and investing in real estate, both for himself and for several institutional investors.

He joined the Dash team in 2014. Back then, joining the team meant performing a crazy variety of tasks because there were few people or resources. That included promotion, business development, legal research and discussing new features that we now love. Even maintaining servers while googling how to do it was an ordinary event. Lately he has been more focused in general management of the team’s growth from his board position. He has also coordinated some marketing projects and kept an eye on legal matters, including supporting the creation of our new legal structure.

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