opensats

ChainCatcher news, according to Decrypt, stablecoin giant Tether announced this week a donation of $250,000 to the Bitcoin developer support organization OpenSats, a move that was immediately met with public skepticism from Twitter co-founder and Block (formerly Square) CEO Jack Dorsey.After Tether CEO Paolo Ardoino announced the donation on X, Dorsey briefly responded, "Why only $250,000?"Tether reported a profit of $13 billion last year and is seeking to raise funds at a valuation of $500 billion. In contrast, Dorsey revealed that he has donated over $21 million to OpenSats through his Start Small fund and has long supported decentralized and open-source Bitcoin development.

ChainCatcher news, Tether announced a donation of $250,000 to OpenSats. OpenSats is a public charity dedicated to funding individuals and projects that contribute to the Bitcoin ecosystem and open, censorship-resistant technologies.This donation will be used to support OpenSats' daily operations and funding efforts, helping it to continue providing financial support for a wide range of free and open-source projects, covering areas such as protocol development, privacy tools, research, and education.

ChainCatcher news, according to Bitcoin Magazine, Twitter founder Jack Dorsey donated $21 million to the nonprofit organization OpenSats, which focuses on projects like Bitcoin, to support open source and Bitcoin development.Previously, on May 5, 2023, the nonprofit organization OpenSats announced that it had received a $10 million donation from Jack Dorsey's charitable initiative, which will be used to support the development of free and open-source software and projects focused on Bitcoin, the decentralized social protocol Nostr, and related technologies.

ChainCatcher news, the nonprofit organization OpenSats, focused on projects like Bitcoin, announced that it has received a $10 million donation from Jack Dorsey's charitable initiative. This donation will be used to support the development of free and open-source software and projects centered around Bitcoin, the decentralized social protocol Nostr, and related technologies.The donation includes funding for OpenSats' operational budget. Additionally, half of the donation amount ($5 million) will be used to advance the evolving new Nostr ecosystem. (Source link)