New York (CNN) Ethereum co-founder Vitalik Buterin donated $1 billion worth of shiba inu coin — a dogecoin spinoff — to a Covid-19 relief fund in India. The 27-year-old Russian-Canadian programmer transferred more than 50 trillion shiba inu coins on Wednesday to the India Covid-Crypto Relief Fund, according to his public wallet . He also transferred 500 ether (or about $1.9 million) to the relief fund. At the time of the transfer, the shiba coin was valued at $1 billion, but cryptocurrencies are notoriously volatile. The shiba inu coins that Buterin donated to the relief fund were initially gifted to him and sent to his public wallet by the coin's founders, according to CoindeskRead More

Source: CNN May 13, 2021 17:48 UTC