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Wed, Nov 18, 2020 3:54 PM by Coinfomania

Dubai Investment Firm to Stake $10M Worth of ETH as Ethereum 2.0 Approaches

With Ethereum 2.0 Genesis launch scheduled for December 1, 2020, Dubai-based boutique investment company IBC Group revealed today that it will stake around $10 million worth of ether to support the launch of the long-awaited ETH2. According to the company, IBC would invest the fund via CanETH, a Canada-based staking service that helps users to participate in Ethereum 2.0.  Khurram Shroff, Chairman of IBC’s Board,  expressed his excitement on the “Proof of Stake” concept proposed by Ethereum 2.0. He noted IBC’s decision to invest in Ethereum shows their confidence in the network’s transition. “We are very excited by the ‘Proof of

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