Monday, September 28, 2020
No menu items!
  • News
  • Cryptocurrency
  • Contact Us
More

    Vitalik Buterin Sold His ETH Holdings for Fiat, Not BTC; He Did Not Buy Bitcoin in 2017 or Later

    Must Read

    Cardano (ADA) Is Up and Running Again On Bittrex Exchange

    According to a recent update, Cardano (ADA), the ninth-largest digital currency by market capitalization, is up and running again...

    World Economic Forum: XRP Is The Most Relevant Digital Asset For Wholesale CBDC

    The World Economic Forum (WEF) has characterized the fourth largest digital currency by market capitalization, XRP, has the most...

    Cardano (ADA), Tezos (XTZ) Are Technologically Superior to Bitcoin and XRP –Weiss Ratings

    Weiss Crypto Ratings, the provider of independent ratings of digital currencies, has recently stated that Cardano (ADA), Tezos (XTZ),...
    Avatar
    Solomon Odunayo
    Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.




    The co-founder of Ethereum, Vitalik recently disclosed that he sold and donated away his ETH holdings when the price of the digital token attained $700 back in 2017. He also revealed that the Ethereum Foundation sold at $1,200, stating that the money has since gone into devs and grants.

    Buterin made this disclosure in a post on Twitter on 17th August 2020. Although the Ethereum creator did not specify, it seems unlikely that he sold all his Ether holdings at that time.

    Vitalik Buterin Sold His Ether Holdings for Fiat In 2017

    He possibly sold and donated what looks like his entire ETH holding in 2017. But that was long years behind us. He may have accumulated more of Ether between now and when he sold the crypto asset in 2017. However, he did not disclose how much of ETH he holds today and neither disclosed whether he initiated a selloff of his entire Ether holdings in 2017.

    Vitalik Buterin noted:

    “*I* sold ETH at ~$700, or about half the top (actually, both sold and donated). The *ethereum foundation* sold at ~$1200, and that money has gone into devs and grants since then.”

    He further disclosed that he did not purchase any Bitcoin (BTC) throughout 2017 and later.

    Ethereum Foundation Sold At $1,200

    Vitalik Buterin also stated that he advised Ethereum Foundation to sell its ETH holdings, a sale that was later effected when the digital token was priced at $1,200.

    The founder of Ethereum had previously specified during a podcast with Eric Weinstein that the Foundation liquidated 70,000 ETH at the aforementioned price. The Foundation’s liquidation of its Ether holdings has been envisaged to have contributed to the historic crash of ETH in January 2018.

    Over the past few weeks, Vitalik Buterin has been facing criticism from the crypto community members, especially Bitcoin advocates.

    He was precisely criticized by the popular Bitcoin proponent, Adam Back, calling Ethereum a Ponzi scheme, and categorized the popular blockchain project with Bitconnect, Onecoin, others.

    Join us on Twitter

    Join us on Telegram

    Join us on Facebook




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Cardano (ADA) Is Up and Running Again On Bittrex Exchange

    According to a recent update, Cardano (ADA), the ninth-largest digital currency by market capitalization, is up and running again...

    World Economic Forum: XRP Is The Most Relevant Digital Asset For Wholesale CBDC

    The World Economic Forum (WEF) has characterized the fourth largest digital currency by market capitalization, XRP, has the most relevant crypto asset for wholesale...

    Cardano (ADA), Tezos (XTZ) Are Technologically Superior to Bitcoin and XRP –Weiss Ratings

    Weiss Crypto Ratings, the provider of independent ratings of digital currencies, has recently stated that Cardano (ADA), Tezos (XTZ), and ten other digital assets...

    Speculation among XRP Investors on Ripple Announcing More Notable Acquisitions Following CEO’s Statement

    There has been a growing speculation among the XRP community members that says that Ripple, the cross-border payment firm, is on the verge of...

    VeChain Integrates Coinbase’s Rosetta to Simplify Blockchain Interoperability

    A few hours ago, VeChain Foundation announced the integration of Rosetta, the Coinbase’s toolkit designed to simplify blockchain development and interaction. The open-source blockchain project...

    More Articles Like This