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Cryptocurrency Ethereum Founder Donates $1.14 Billion To India Covid-Crypto Relief Fund

As India continues to fight against the lethal Covid 19 battle, Russia-based-co-founder of the world’s second-largest cryptocurrency Ethereum, Vitalik Buterin has donated around $1.14 billion to the India Covid-Crypto Relief Fund.

Meme Coin Fell After Donation

As per the latest reports, Buterin has donated 500 coins and 50 trillion SHIB Meme coins worth around $1.14 billion. Sandeep Nailwal, the person behind the India Covid-Crypto Relief Fund took to Twitter to assure everyone of the usage. In the tweet, he said that they will not do anything that would hurt the community especially when it comes to dealing with the $SHIB.

This comes after the $SHIB transaction created some panic amongst the investors. The SHIB meme coin price fell by more than 35 percent after the donation. The meme coin recently received billions of dollars worth of investment from the past few days.

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Reports suggest that multiple entrepreneurs including Balaji Srinivasan donated to the India Crypto Relief Fund and they have maintained a log of all the donations.

Buterin’s Crypto History

Buterin is a Russian-Canadian programmer and a writer. He is known for being the co-founders of Ethereum. One Ethereum is currently priced at Rs 2.88 lakh. He became involved with cryptocurrency during its early time and co-founded a Bitcoin Magazine in 2011.

Later in 2013, he visited developers in other countries who share the same enthusiasm for code. Following which, he returned to Toronto and published a white paper to propose Ethereum.

In 2014, he dropped out of university after being awarded with a grant of $100,000 from the Thiel Fellowship. It is a scholarship by a venture capitalist Peter Thiel. Later in the same year, Buterin launched Ethereum.

India Marks 2.37 Crores Total Cases of Covid 19

India recently recorded 3.62 lakh new cases of Covid 19 in the past 24 hours. This has pushed the tally to 2.37 crores amidst the deadly for fungal infection concerns. The death count in the past 24 hours in 4120.