Ethereum Co-Founder Vitalik Buterin Executes Transfer of 3,000 ETH Worth $4.95 Million, Fueling Concerns of Further Price Declines
The wallet address associated with Ethereum co-founder Vitalik Buterin, labeled "vitalik.eth," has transferred 3,000 ETH worth approximately $4.95 million to the labeled-address "Vb 2." This follows Buterin's recent transfer of 600 ETH worth nearly a million to Coinbase. These large transactions have raised concerns among the crypto community about potential price declines. While Ethereum's price has shown signs of recovery, it is encountering resistance at the $1,660 and $1,670 levels, and failure to breach the latter could lead to continued downward movement.
Ether declines as Vitalik Buterin's wallet moves 600 ETH to Coinbase
Ethereum co-founder Vitalik Buterin has repaid a loan of 251,000 RAI on the Maker protocol and withdrawn 1,000 ETH, before depositing 600 ETH ($1 million) to Coinbase. <br>
Elon Musk Acknowledges Vitalik Buterin's Analysis of Community Notes
Elon Musk, CEO of Tesla, praised Vitalik Buterin's analysis of Community Notes on Twitter. Buterin, co-founder of Ethereum, had written a blog post dissecting the concept of Community Notes, which seeks to provide a more democratic and community-driven system for discussing contentious topics on platforms like Twitter. <br>
Vitalik: The “Community Notes” Feature of the X Platform May Be the Closest to the “Encrypted Value” Instance
On August 16th, Vitalik Buterin, co-founder of Ethereum, shared his thoughts on the fact-checking tool "Community Notes" on the X platform (formerly Twitter), stating that although the tool is not a "cryptographic project," it may be the closest thing to a "cryptographic value" seen in the mainstream world.
Vitalik Buterin Reveals Backdoors in All Layer 2 Solutions
Ethereum co-founder Vitalik Buterin revealed that all Layer 2 scaling solutions and rollups have a backdoor on the Ethereum blockchain. Buterin explained that developers and project owners have access to multi-sig wallets, allowing them to make protocol changes, which has caused a division in ideology among crypto enthusiasts. <br>
Vitalik Buterin Qualified for Taiwan Employment Gold Card
On August 15th, Vitalik Buterin discussed the definition of Plurality, decentralized identity, the practice of Plurality in on-chain communities, and deep topics such as Worldcoin with Taiwan's Minister of Digital Development, Tang Feng. In addition, Tang Feng revealed that Vitalik has obtained Taiwan's Employment Gold Card qualification.
The Employment Gold Card in Taiwan is a card that combines work permits, residence visas, alien residence permits, and re-entry permits. The card is valid for 1 to 3 years, and during this period, qualified foreign talents can freely seek employment, work, and switch jobs.
Ethereum Founder Shares His Thoughts On Worldcoin’s Proof Of Personhood
The Worldcoin project has made a grand debut on the OP Mainnet, with a focus on revolutionizing global financial accessibility. Ethereum co-founder Vitalik Buterin has shared his thoughts on the project's unique approach to proof of personhood, which is a core component of Worldcoin's identity verification framework.
Vitalik Buterin Raises Privacy Concerns Over OpenAI's Worldcoin Crypto Project
Vitalik Buterin, the creator of Ethereum, has expressed concerns about Worldcoin, a new cryptocurrency project launched by OpenAI. Worldcoin aims to use a hardware device called the "Orb" to scan users' irises and create a decentralized database of identities. However, Buterin has highlighted four major risks to the project, including potential privacy breaches and security vulnerabilities. Despite these concerns, the WLD token has already achieved a fully diluted valuation of $22.5 billion and risen by 33% since launch.
Vitalik's Post on Biometric Proof of Personhood
Vitalik Buterin, co-founder of ethereum, today published the article "What do I think about biometric proof of personhood?" to express his views on biometric proof of personhood. He says that, in principle, the concept of proof of personhood seems very valuable, and that while various implementations have their risks, so does the absence of any proof of personhood at all: a world without proof of personhood seems more likely to be a world dominated by centralized identity solutions, money, small closed communities, or some combination of the three.
Ethereum's Revenue Decline in Q2 2023: A Deep Dive and Future Prospects
Ethereum, a major player in the DeFi space, experienced a significant decline in network revenue and daily active addresses during Q2 2023, according to a Bankless report. The network's revenue dropped by 33.3% YoY, from $1.27 billion to $847 million, due to a decrease in transaction fees.
