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| Ethereum creator Vitalik Buterin becomes world’s youngest crypto billionaire | Ethereum creator Vitalik Buterin becomes world’s youngest crypto billionaire |
| (4 months later) | |
| The latest surge in the price of the world’s second biggest digital asset, ethereum, turned its co-founder Vitalik Buterin into the youngest crypto billionaire in history. | The latest surge in the price of the world’s second biggest digital asset, ethereum, turned its co-founder Vitalik Buterin into the youngest crypto billionaire in history. |
| The public ether address of the Russian-born Canadian IT programmer hit $1 billion on its balance sheet after ether’s meteoric growth to $3,200 was recorded earlier this week. | The public ether address of the Russian-born Canadian IT programmer hit $1 billion on its balance sheet after ether’s meteoric growth to $3,200 was recorded earlier this week. |
| In 2018, Buterin referred to the address as his main wallet.The wallet held 333,521 ether coins worth nearly $1.16 billion at 14:03 GMT, according to on-chain data-tracker Etherscan, as bitcoin’s number one rival quadrupled in value this year. | In 2018, Buterin referred to the address as his main wallet.The wallet held 333,521 ether coins worth nearly $1.16 billion at 14:03 GMT, according to on-chain data-tracker Etherscan, as bitcoin’s number one rival quadrupled in value this year. |
| Ether was trading at $3,456, up more than 11% over the past 24 hours, with gains of 37% over the past seven days, according to data tracked by CoinMarketCap. | Ether was trading at $3,456, up more than 11% over the past 24 hours, with gains of 37% over the past seven days, according to data tracked by CoinMarketCap. |
| Buterin proposed the open-source computing platform Ethereum, based on blockchain technology, in late 2013. The 27-year-old billionaire is now seen as one of the founding members of cryptocurrencies and other blockchain applications. | Buterin proposed the open-source computing platform Ethereum, based on blockchain technology, in late 2013. The 27-year-old billionaire is now seen as one of the founding members of cryptocurrencies and other blockchain applications. |
| Ethereum is currently the most actively used blockchain, while ether is ranked as the second largest cryptocurrency after bitcoin by market value. On Tuesday, ethereum’s market capitalization reached $405 billion, exceeding that of Disney, Nestle and Bank of America, the second largest lender in the US. | Ethereum is currently the most actively used blockchain, while ether is ranked as the second largest cryptocurrency after bitcoin by market value. On Tuesday, ethereum’s market capitalization reached $405 billion, exceeding that of Disney, Nestle and Bank of America, the second largest lender in the US. |
| Born in Kolomna in the Moscow region, Buterin emigrated with his parents to Canada. In 2017, the programmer relocated to Singapore. | Born in Kolomna in the Moscow region, Buterin emigrated with his parents to Canada. In 2017, the programmer relocated to Singapore. |
| Last week, he donated 100 ether and 100 maker tokens to a Covid-19 relief fund for India. | Last week, he donated 100 ether and 100 maker tokens to a Covid-19 relief fund for India. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
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