Ethereum is the second biggest cryptocurrency after Bitcoin, with a market capitalisation of US$275 billion. Photo / Executium, UnsplashThe co-founder of one of the earliest rivals to Bitcoin has sensationally abandoned the cryptocurrency market, sending prices tumbling. Canadian entrepreneur Anthony Di Iorio, co-founder of the Ethereum network, revealed at the end of last week that he was quitting crypto and planned to sell his Toronto-based blockchain company Decentral. Di Iorio has had a security team with him wherever he goes since 2017, due to personal safety concerns. Di Iorio co-founded Ethereum in 2013 with seven others while they shared a rented house in Switzerland.

Source: New Zealand Herald July 20, 2021 09:00 UTC