The Wall Street Journal: Ethereum co-creator donates $1 billion in crypto for India COVID-19 relief


Vitalik Buterin, co-creator of the crypto network Ethereum
donated more than $1 billion on Wednesday to a relief fund to combat the spread of Covid-19 in India.

At least, it was $1 billion when he made the donation — in a cryptocurrency that few had heard of and whose value plunged right after news of the donation spread.

In more conventional terms, the donation would rank among the philanthropy’s biggest strokes. But little is conventional: The currency, Shiba Inu coin, has been around for less than a year, and is one of a bevy of alternative cryptocurrencies that have exploded in popularity and price in recent months. Its value changes wildly by the hour. Unlike with cash, or even bitcoin
it is hard to use Shiba Inu coin to buy things.

The most prominent alt-coin is dogecoin
created as a joke in the fad for bitcoin doppelgängers. Shiba Inu is a joke on a joke, named for the dog breed that is the dogecoin’s mascot.

The donation surfaced in publicly available transaction records, which show that an account associated with Buterin sent some 50.7 trillion Shiba Inu coin to an account associated with the India Covid-Crypto Relief Fund. The transfer originated from an account that Buterin, in a 2018 post on his verified Twitter account, said was his.

An expanded version of this report appears on

Also popular on

Housing-market surge is making the cheapest homes the hottest.

Cheating at school is easier than ever—and it’s rampant.

Earnings Results: One Medical loses double the money that was expected, stock drops

Previous article

: Ohio to give away $1 million prizes, college scholarships in vaccination lottery

Next article

You may also like


Leave a reply

Your email address will not be published.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

More in News