News

Cryptocurrency: $ 1 billion in same coins to save India from covid-19

The Ethereum co-founder has donated nearly $ 1 billion in same coins to India to help the country fight the pandemic.

India may not appreciate the arrival of cryptocurrencies on its territory – to the point of wanting to ban them for create your own non-fiat currency, the latter risk bringing a serious boost to the country in its fight against covid-19. Ethereum co-founder Vitalik Buterin has indeed donated more than $ 1.5 billion in cryptocurrency to charities in recent weeks. More than a billion dollars has been invested in a relief fund for the fight against covid-19 in India, reports the TechCrunch site. As a reminder, the country is particularly affected by the health crisis.

Vitalik Buterin gets rid of his same corners

During this historic transaction, Vitalik Buterin thus sold nearly 50 trillion Shiba Inu Coin at theIndia Covid Relief Fund, for an equivalent of more than $ 1.2 billion at the time of transfer. To benefit from this large sum of money, the foundation will first have to convert these same coins (into classic currency or crypto), in order to be able to use them in its plan to fight the pandemic. A generosity made possible by the proliferation of same corners, these alternative cryptocurrencies based on the Ethereum blockchain. In recent weeks, Vitalik Buterin explained that he had received a large number of tokens from the creators of the currencies Shiba Inu coin (SHIB), Dogelon (ELON), Akita Inu (AKITA), mwDOGE and OURSHIB. Rather than keeping them, the businessman thus preferred to redistribute them to charitable works. In addition to the India Covid Relief Foundation, he also donated $ 431 million in AKITA to Gitcoin, which campaigns for the creation of an open source and more ethical web. Although impressive, these amounts may however be revised downwards. Since the co-founder of Ethereum has shed its same corners, the price of these has collapsed …

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button