Posted on

In search of a new crypto deity

Hello friends, and welcome back to Week in Review!
Last week, I wrote about tech taking on Disney. This week, I’m talking about the search for a new crypto messiah.
If you’re reading this on the TechCrunch site, you can get this in your inbox from the newsletter page, and follow my tweets @lucasmtny.

The Big Thing
Elon has worn out his welcome among the crypto illuminati, and the acolytes of Bitcoin are searching out a new emperor god king.
This weekend, thousands of crypto acolytes and investors have descended on a Bitcoin-themed conference in Miami, a very …

Read More

Posted on

Vitalik Buterin donates $1 billion worth of ‘meme coins’ to India COVID Relief Fund

Vitalik Buterin, the creator of Ethereum, on Wednesday donated Ethereum and “meme coins” worth $1.5 billion in one of the largest-ever individual philanthropy efforts.
Buterin transferred 500 ETH and over 50 trillion SHIB (Shiba Inu), a meme coin, worth around $1.14 billion at the time of transaction, to the India COVID-Crypto Relief Fund. The transaction sparked panic among some investors, contributing to over 35% drop in SHIB’s price in the past 24 hours.
The meme coin, which has courted retail investors in China and elsewhere following recent surges in the Dogecoin cryptocurrency, managed to garner billions (USD) worth of investment in recent days before today’ …

Read More