Kraken Pledges to Donate $250K to Support Ethereum's Development
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Cryptocurrency exchange Kraken has announced it has donated $250,000 to the Ethereum Foundation to help the developers to "achieve critical milestones on the Ethereum roadmap." The exchange said in a blog post that the funds will be sent to developers working on nodes that support the Ethereum software over the coming months.

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"Kraken is proud once again to lead the way by giving back to the courageous builders who are hard at work on the front lines of crypto innovation," said Kraken CEO, Jesse Powell.

Kraken Plans to Go Public in 18 Months

Kraken's announcement comes just a week after the other cryptocurrency exchange — FTX — also announced a $450,000 commitment to support the development of the Bitcoin ecosystem. The exchange said that Brink Technology, a not-for-profit organization, will be responsible for creating developer fellowship and grant programs.

In the meantime, the developers of Geth, the most popular Ethereum client, have released an urgent fix for a serious bug in their code. According to, about 75% of Ethereum nodes currently use Geth. These should switch to the current version 1.10.8.

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