The co-founder of Wikipedia has joined has joined a venture-backed blockchain startup as its new chief information officer.
Wikipedia founder Jimmy Wales told CNBC that investors should be "very wary" of ICOs, which he referred to as "absolute scams."
The Wikimedia Foundation, the non-profit that operates Wikipedia, has reported $140k in first-week bitcoin donations.
Coinbase will let registered non-profit organisations accept bitcoin through its merchant tools for free.
Wikipedia's parent company, the Wikimedia Foundation, now accepts bitcoin donations thanks to a partnership with payment processor Coinbase.
Jimmy Wales said in a Twitter conversation that Wikimedia was “cautious” about the Internet encyclopaedia accepting bitcoin donations.
Jimmy Wales, co-founder of Wikipedia, is open to the idea of the famous Internet encyclopaedia accepting bitcoin.