Cryptocurrencies
Ethereum Inventor Says He Won’t Get Shiba Inu Tax Write-Off
- Buterin’s donation to Indian charity worth about $800 million
- ‘I don’t know what they were doing’ he says of coin’s creators
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Vitalik Buterin, inventor of the Ethereum blockchain, said he won’t get a tax write-off after donating more than 50 trillion of the joke coin Shiba Inu to the India Covid Crypto Relief Fund.
Because Shiba Inu, a meta play on the ridiculousness of Doge Coin, has been incredibly volatile lately, the value of Buterin’s donation has fluctuated wildly. At one point it was worth about $2 billion, then fell to around $800 million.