Ethereum's co-founder donates over $1 billion in cryptocurrency to India's COVID-19 relief fund
Sandeep Nailwal, the man behind India Covid-Crypto Relief Fund, said in a tweet late on Wednesday that they will not "do anything which hurts any community specially the retail community involved with $SHIB".
"Plz don't worry $SHIB holders," he said as the meme coin transaction created panic among some investors.
The meme coin has garnered billions of dollars worth of investment in recent days, reports
"A number of entrepreneurs including Balaji Srinivasan have donated to the India
Buterin is a Russian-Canadian programmer and writer who is best known as one of the co-founders of Ethereum.
One Ethereum is currently priced for ₹2.88 lakh.
Buterin became involved with cryptocurrency early in its inception, co-founding Bitcoin Magazine in 2011.
In 2013, he visited developers in other countries who shared his enthusiasm for code. He returned to Toronto later and published a white paper proposing Ethereum.
AdvertisementHe dropped out of university in 2014 when he was awarded with a grant of $100,000 from the Thiel Fellowship, a scholarship created by venture capitalist Peter Thiel and went to work on Ethereum full-time.
In 2014, Buterin launched Ethereum.
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