Crypto billionaire donates $1bn to India’s Covid fight – and currency instantly plummets to make it worth less
Some of the ‘meme coins’ that were donated tanked in value by nearly 40%
These cryptocurrencies were gifted to Buterin by their creators, and the billionaire owned close to 50 per cent of the total supply of some of these coins. But their values, including that of SHIB, began to drop by nearly 40 per cent immediately after the donations were disclosed.
Due to these concerns, Nailwal tweeted that they would “act responsibly” and not hurt Shiba Inu coin’s price.For this, the nonprofit may need to ensure that large chunks of the cryptocurrency are not converted to Covid aid at once, and this could mean liquid currency may not be readily made available to get oxygen cylinders and other essential supplies for tackling India’s ongoing health crisis.
Buterin also made donations in Ethereum and meme coins worth millions of dollars to the non-profit charity evaluator GiveWell, Methuselah Foundation, which focuses on human lifespan extension, and the Machine Intelligence Research Institute which works towards developing safe artificial intelligence (AI) technologies, headtopics.com
Forbes reported.Due to the sudden drop in values of these cryptocurrencies, the aid may end up being worth much less than the intended amounts, raising questions on how billionaires and philanthropists can protect the real value of their crypto donations.Read more: The Independent »
BBC Radio 4 - Woman's Hour, Arooj Aftab, PIP implants, Race, trauma & culture, Reclaiming sexist language
Arooj Aftab; PIP implants; Race, trauma and culture; Reclaiming sexist language.
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Is the promotion of renewables ecocide? Thread: 🤣🤣🤣 MartiniGuyYT He is a martyr Hamza Nasr, A day before he was crying for his dad & today he's gonna to join him in heaven..💔 غزة_تحت_القصف غزة_العزة فلسطين_تنتقض قصفكم_أسهل_علينا_من_شربة_الماء فلسطين_تقاوم With all he tons of carbon his virtual unnecessary currency rejected in our atmosphere, it's the least he can do!
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Bitcoin crashes as Elon Musk tweets Teslas can’t be bought with cryptoTesla had previously purchased billions of dollars worth of the cryptocurrency That's not the reason. Market manipulation, watch crypto go cray end of 21/2022. Sorry: elonmusk IsraeliTerrorism
India installs net across Ganges river to deal with bodies of Covid deadDozens of bodies of suspected Covid-19 patients have been retrieved from the river as surge in India’s Covid cases continues
Vaccine second doses could be rushed forward for millions to fight India variantThe government has released an action plan to tackle surging cases of the India Covid variant - and says bringing forward second vaccine doses to earlier than 12 weeks is one option under consideration Thank God for bringing bitcoin to man, it has being a great source of blessing to all of man kind who have passion for bitcoin trading. Now the poor are getting rich over night and the rich getting richer. LISATOWNSENDC thank you for your proper management,🙏🏻🙏🏻 'and the Government 'will not hesitate to take further action if necessary'.'.... after all this time, they've learned nothing. The time to do something is right now. By the time they act, it will be way too late, and deaths will go through the roof... again.
India installs NET across Ganges to catch corpses of Covid victimsBihar's water resources minister Sanjay Kumar said on Twitter on Wednesday that a 'net has been placed' in the river on the state border with Uttar Pradesh and patrolling increased.
India installs net to catch Covid dead bodies floating in river GangesA NET has been installed across the Ganges to catch dozens of dead bodies washed up on its banks as Covid devastates the country.
Live: WHO says religious, political events among factors behind India’s Covid surgeLive: WHO says religious, political events among factors behind India’s Covid surge covid19 covid19india The Seychelles is the most vaccinated nation on Earth. But Covid-19 has surged -