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Ethereum creator officially becomes a billionaire

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Ethereum creator officially becomes a billionaire

From uni drop out to self-made crypto billionaire, Vitalik Buterin is kicking goals with Ethereum

Vitalik Buterin is a 27-year-old Russian-Canadian who created the virtual currency in 2015 at the age of 19.

Prior to launching the company, Buterin cofounded (and wrote for) Bitcoin Magazine.

Ethereum skyrockets 375 percent

The creator of Ethereum now has around 335,500 ether in his wallet. This equates to more than 1.1 billion dollars, making Buterin a billionaire.

Ether prices have skyrocketed in the first part of 20-21, soaring 375 percent. The crypto now has the second-largest market value.

In late April, the Russian-Canadian programmer donated both 100 Ether and 100 Maker (MKR) tokens to a COVID-19 relief fund for India.

Crypto rises in popularity

The Ethereum cryptocurrency has a market capitalization of $376 billion, second only to bitcoin’s $1.08 trillion. But it’s quickly catching up to the crypto giant.

This places the cryptocurrency as more valuable than Elon Musk’s meme, Dogecoin.

Ether value has surged since the beginning of the year, largely due to the rising popularity of decentralized finance (DeFi) applications.

Ethereum crypto coin

Crypto disrupts old money

Even the traditional players are beginning to recognise the importance of embracing crypto, including luxury auction house Sotheby.

Sotheby also will be jumping on the crypto bandwagon, saying they’ll accept payments in Bitcoin and Ethereum at an upcoming Banksy auction.

The 277-year-old auction house says that it’s the first of its kind to accept cryptocurrency as payment for a physical piece of art.

“Fittingly, the pairing brings together the biggest disruptor in finance with one of the most notable disruptors in the art world – Banksy,” Sotheby said.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

Business

Apple delays return to the office as COVID rates spike

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Apple has delayed its staff from returning to HQ on a full-time basis

Apple has delayed its workers from returning to the office full time.

Employees who are in the current working in the office two-day-per-week as part of a trial programme will have the option to once again work fully remote if they feel uncomfortable coming into the office.

According to news outlet The Verge, a memo released by Apple’s COVID-19 response team says that its updates are based on current infection rates and hospitalisations.

Apple is also requesting employees who do decide to return to the office to wear masks when in common areas like meeting rooms, hallways, and elevators.

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New findings revealed about shocking China plane crash

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New shocking information has been revealed about the China Eastern Airlines plane that crashed in March

The incident that killed 132 people was intentionally flown into the mountainside according to reports.

U.S. officials examined the plane’s black box, uncovering that people within the cockpit deliberately caused the Boeing 737 to veer out of control.

The plane was flying on-route at a normal altitude and speed before it nosedived into a mountain.

Initially experts speculated that the crash was caused by faults in the plane design, which is what caused two other fatal plane crashes in 2018 and 2019, but no officials have indicated any mechanical issues.

The pilot and co-pilot were allegedly in good health with no known motive for crashing the plane.

Chinese authorities say that no emergency code was sent from the plane, meaning it is unlikely that an intruder entered the cockpit.

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Snapchat co-creator and supermodel pay student loans for graduating class

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Student loans still get the better of most of us, a pesky debt that hurts the hip pocket

But one graduating class got the ultimate graduation gift

Otis College of Art and Design in Downtown LA got their student loans paid by off by Snapchat co-creator Evan Spiegel and his wife and supermodel Miranda Kerr.

The president of the art college announced the gift as the single largest donation in the history of Otis College.

The previous largest gift to the school was for $10 million and the screams from the students show how much it means to them.

The president says student debt weights heavily on talented graduates and the couple’s donation will be life-changing for the Class of 2022.

Spiegel created the popular instant messaging app with two former Stanford University classmates.

The snapchat co-creator took summer classes at Otis during high school and wanted to give back to the arts college.

Spiegel and wife Miranda were given honorary degrees at the college.

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