Why Vitalik Buterin is dumping Ether for stablecoins

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Why Vitalik Buterin is dumping Ether for stablecoins
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Vitalik Buterin, co-founder of Ethereum, made headlines again for sale of Ether tokens from a wallet associated with him.

Crypto wallet identified as Vitalik Buterin sold 190 Ethereum for $441,971 early on Wednesday. The wallet has sold 950 Ether worth $2.28 million since August 30. ETH loses 4% of value on September 11. Lookonchain, a crypto intelligence platform, identified a wallet as Buterin’s and tracked several Ether transfers from the addresses since August 30. The Ethereum Foundation and Buterin have faced criticism for their Ether sale and transfers to exchanges in the past two months.

Bitcoin, altcoins, stablecoins FAQs What is Bitcoin? Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.

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