A recent investigation has revealed that Vitalik Buterin has moved more than $1.3 billion worth of ether from his main Ethereum address to another account. Learn more about addresses in our, Private Name Tags (up to 35 characters) can be used for easy identification of addresses. Vitalik Buterin told Lex Fridman that he bought $25,000 worth of DOGE in 2016, while the cryptocurrency was still relatively unknown. Vitalik Buterin is a famous cryptocurrency and blockchain developer, programmer, entrepreneur, and co-founder of the Ethereum network. Nov 19, 2022 Binance CEO CZ begins working on Vitalik Buterin's 'safe CEX' ideas While long-term solutions will need the involvement of multisig and social recovery wallets, Buterin pointed. True believers in Ethereum see the currency eventually being a crucial element any time someone buys a major asset, physical or not. Since then, the prices for these coins have fluctuated substantially, in line with the massive amounts of volatility in the market. Buterin also has substantial cash holdings, estimated at $12 million, as well as a salary somewhere between $140,000 and $250,000. The Co-Founder of Ethereum remained vocal about his views on Bitcoin Currently, the organization holds 430,141 ETH. 32 crore), Buterin managed to make only $1.8 million (roughly Rs. However, his main source of wealth is the hundreds of thousands of Ethereum tokens he was able to hold on to from the cryptocurrencys pre-mine. The Ethereum co-founder further said he would allocate the remaining 10% to charitable organizations while also praising the "dog token community" for its generosity. "775040520SB00199_TechCrunch" by TechCrunch is licensed under CC BY 2.0 Dorsey declared the month prior that his then-Square, now-Block company was standing up a bitcoin-oriented . Looking at his primary wallet addresses, Buterin owns about 352,000 ETH at a current value of $46 million. The latest surge in the world's second-largest cryptocurrency has pushed the total value of Buterin's ETH holdings above $1 billion. Finance Magnates is a global B2B provider of multi-asset trading news, The price roughly doubled in the time I began writing this article on Sunday afternoon, May 9 and Monday morning, May 10. Vitalik Buterin owns around 333,000 Ethereum coins. promo. Clearmatics is a London-based company designing protocols for DeFi while StarkWare is building privacy software using zero-knowledge proofs. Buterin's ETH holdings are now worth over $1 billion. Ethereum As explained in the Shiba Token Woof Paper: "We sent over 50% of the TOTAL supply to Vitalik. Understanding EthereumEthereum boasts its own programming language, While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, weve gone a long way ever since a Florida resident Laszlo Hanyecz made BTCs first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa Johns.One could now argue that, Coinbase Beats Market Expectations despite Drop in Q4 Transaction Revenue, Fintech Innovation in the Payments Industry in 2023. Vitalik Buterin, co-founder of the Ethereum blockchain platform, is the latest casualty in the dramatic collapse of crypto fortunes. Nor is Buterin adept at calling the market top. To access the funds in an address, you must have its private key. Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. He transferred $1 billion worth of SHIB to India's Covid relief fund. He said that he owns several other relatively small addresses. 2. Vitalik Buterin donated cryptocurrencies worth $1.5 billion to several non-profit organizations, including $1 billion to a COVID-19 relief fund in India, on Wednesday in one of the largest-ever . Buterin is a well-known figure in the crypto space and is respected for his technical and philosophical contributions to the industry. . The wallet now holds $62 million worth of Ethereum. However, Vitalik Buterins net worth could be much higher, as his investments and other crypto holdings are not publicly known. Shimron says the purpose of the movement is unclear and could be to increase security or merely upgrade the coin setup. He has disclosed that he earns a six-figure salary from the Ethereum Foundation. -0.23%. Its far less valuable than the wallet operated by major cryptocurrency exchanges and token issuers. Buterin also has a substantial portion of his wealth in cash. If any crypto billionaires out there want to make an offer on CNW, Twitter DMs are open! Buterin has also stated that the remaining 10% of his holdings will be donated to charity. Proceeds go to civilian efforts helping Ukrainians suffering from the war", "Binance Announces $10 Million Donation to Ukraine: Ethereum Creator Vitalik Announces UkraineDAO", "Ethereum's Russian-born cofounder has been quietly supporting a DAO that raised $8 million in crypto for Ukraine. Vitalik Buterin Burns $6B in SHIB Tokens, Says He Doesn't Want the 'Power' - CoinDesk Consensus Magazine Webinars Indices About Markets Finance Technology Web3 Policy Sponsored Content. Copyright 2023 "Finance Magnates CY Ltd." All Vitalik Buterin lists problems with Ethereum network. Ethereums price has fallen roughly 21% in the past week, following news of FTXs financial troubles and subsequent collapse which affected the broader crypto market. The price stayed fairly flat, under $10, from its launch until mid-2017. Ethereum co-founder Vitalik Buterin destroys $7 trillion in Shiba Inu coins . Vitalik Buterin held as much as $1.5 billion worth of ETH in his wallet last November. That same year, Vitalik dropped out of college to fully concentrate on Etheurem after receiving a $100,000 Thiel Fellowship grant. "Either I'm lying or Vitalik is lying. Currently, Buterin's primary wallet contains over $810 million worth of ETH, along with around $2 million in other tokens. On a related note, give our article on Elon Musk's net worth a read to learn how he became the first person in history to lose $200 billion. Of the total supply, 50% was put into Uniswap and the other 50% was "burned," or sent to Ethereum founder Vitalik Buterin's wallet. Kind of brilliant actually hmmm. The highest number of Ethereum in Buterin's wallet was 325,001 and was recorded in July 2021, per Etherscan data. The second most valuable wallet collects deposits to Ethereum 2.0; that wallet holds 4.137 million ETH ($1.3 billion). On the whole, Buterin is a major contributor to the blockchain industry and is an advocate of decentralization, smart contracts, and open-source code. Vitalik Buterin compared the eight founders of the ethereum blockchain to JRR Tolkien's close-knit "fellowship of the ring", according to the Financial Times. Vitaly "Vitalik" Buterin (born 1994) is a Russian-Canadian computer programmer, and founder of Ethereum.Buterin became involved with cryptocurrency early in its inception, co-founding Bitcoin Magazine in 2011. Learn more about addresses in our Knowledge Base. To date, Clearmatics has raised $13 million and StarkWare has raised $36 million, according to Crunchbase. ***UPDATE*** As of 8pm EST on Monday, Vitalik's net worth is actually $21 billion!!! After the transfer, the wallet ending in 52b0 still has nearly $3.3 million worth of ETH in it. Discover more of Etherscan's tools and services in one place. Make sure to use the "Vote Down" button for any spammy posts, and the "Vote Up" for interesting conversations. Buterin has nothing to do with SHIB and he had no idea about the gift. After Russian President Vladimir Putin invaded Ukraine in February, Vitalik and Dima supported the Ukraine DAO, a so-called decentralized autonomous organization raising millions of dollars to. Buterin has been . Vitalik Buterin isn't among them even though the meltdown wiped out a huge chunk of his personal wealth. UPDATE: This story has been updated to note that Evan Van Ness, a prominent developer in the Ethereum community, said Vitalik Buterin told him the wallet in question is not his. when asked about FTX and other crypto companies that have collapsed this year. Analysts predict a. He believed that this would allow for greater transparency and security, as well as the ability to build applications that were not controlled by any single entity. From there his wealth only grew. The price of Ethereum surged to an all-time high of $3,188 today. (Vitalik Buterin, : , 1994 1 31 ~ ) , . Ethereum co-founder Vitalik Buterin says he's no longer a billionaire Buterin created Ethereum in 2014 and is the owner of a digital wallet that as recently as November contained holdings. The latest entrant to the crypto billionaire club is Ethereum co-creator Vitalik Buterin. That makes the project's 27-year-old co-founder, Vitalik Buterin, one of the richest men in the world. He also owns $265 million worth of Dogelon and $21 million of HuskyToken. Vitalik Buterins net worth is $100 million. Buterin has other ETH addresses as well but they are small compared to his main public address. The top wallet, associated with Wrapped Ether, has sucked in almost 7 million ETH ($22.1 billion), or more than 6% of Ethereums supply. He first became interested in cryptocurrency while he was still in high school. Manage Cookies, Vitalik Buterins Ethereum Holdings Reach $1 Billion. Last month the creators of SHIB released a white paper, which they called a "woofpaper". Privacy Notice Ethereum registered an all-time high of $3,200 today after a jump of more than 10% within the last 24 hours. Vitalik Buterin Dogecoin holdings are certainly surprising. Currently, the wallet holds 333,520 ETH, or just over $1.06 . Vitalik Buterin, co-founder of the Ethereum blockchain technology and cryptocurrency, has burned 410 trillion Shiba Inu tokens. Whale Alert highlighted a transfer of 16,323 ETH worth more than $50 million today from crypto exchange Binance to an unknown digital wallet. ", "The VitalikAddress Truthers confound me," Van Ness replied. But Buterin is a confirmed HODLer: the last time he sold ETH was in August 2020, when he sold 13,333 ETH for $5.2 millionback then, the price was just below $390. He has amassed substantial wealth thanks to his role in creating Ethereum. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. After years at $1 to $100, bitcoin jumped from under $1,000 in January 2017 to over $19,000 by December (the ebullience leaked out of the market, however it's now about $8,000). This kernel of an idea led to the 2014 announcement of Ethereum. The *ethereum foundation* sold at ~$1200, and that money has gone into devs and grants since then. The currency officially launched in July 2015. Bitcoin In March of 2019, in a now-deleted tweet, Buterin said that his fiat holdings are well under $30m, attributed to $8 million in charitable contributions he disclosed. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. The precise value of these investments is not known. According to Buterin, this action was to fend off critics from misinterpreting his transactions. The value of ether in Buterin's closely watched public wallet stood at . Here's what's happened to SHIB's price in the last few weeks: The value of SHIB has increased more than 700% in the last week alone. The rest of his fortune was made up of dog-themed tokens that he was gifted. Buterin is not the only founder of a blockchain project known for selling their substantial holdings. In a matter of hours his net worth dropped in half to $10 billion. He holds a little over $1 billion of Ethereum in a single wallet. Although the recent price hike of Ethereum boosted Buterin's total assets, only $1.3 billion resulted from his ETH holdings. ETH is the only significant crypto holding in Vitalik Buterins wallet. Take a loot at what's happened in the middle of 2018 and in the last few months: As of this writing, Ethereum has a market cap of $450 billion. Jed McCaleb, the co-founder of Ripple, also has a history of selling his XRP holdings. Vitalik Buterin is a co-founder of Ethereum and one of the leading figures in the cryptocurrency and blockchain industry. the ones who actually decided these salary numbers) offered me $185k at one point; I declined, he said. Adjusting his Ethereum holdings back to February 2019 levels, his holdings would amount to roughly 2,000 BTC, 58,000 BCH, 140,000 ZEC, and 3.6 million DOGE. Here's a screenshot of the public wallet: Where's that other $15 billion coming from? In 2018, Buterin described his public Ether address as his main wallet, which has hit $1 billion on its balance. Varying amounts of the 3,000 ETH were swapped into USDC, USDT, DAI, and wrapped Bitcoinbut ultimately, the entire amount was converted into USDC. https://t.co/OhN3h6KLwk, Evan Van Ness (@evan_van_ness) November 14, 2022, The assertion prompted a debate among other blockchain watchers to weigh in, one nothing that the wallet had received many transactions from a "doxx'd address" of Buterin's before, and another citing transactions on Etherscan with a wallet known as "vb2.