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Vitalik Buterin Donates 100 ETH to Support Ethereum Marketing Studio Collective 2077

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2024-07-11 09:29:23261browse

Vitalik Buterin Donates 100 ETH to Support Ethereum Marketing Studio Collective 2077

Over the weekend, Vitalik Buterin, the co-founder of Ethereum, also executed some own transfers. According to Akhram Intelligence data, on July 6

Vitalik Buterin donated 100 ETH to Ethereum's marketing studio Collective 2077 over the weekend, while the German government transferred $80 million in Bitcoin to an unknown wallet in two separate transactions.

Vitalik Buterin Donates 100 ETH to Support Ethereum Marketing Studio Collective 2077

Co-founder of Ethereum Vitalik Buterin executed some transfers of his own. On July 6, Buterin transferred 100 Ether to a Gnosis Safesmart contract, according to data from Arkahm Intelligence.

It was later confirmed that the transaction was a donation to Ethereum marketing studio Collective 2077. The group of researchers, developers, and marketers describe themselves as Ethereum's unofficial marketing studio with the goal of “making Ethereum great again.”

“We're stoked to announce that thanks to a generous donation from Vitalik Buterin, Collective 2077 will be continuing its efforts to improve Ethereum's presence and appeal through innovative initiatives and community-driven endeavors,” the official Collective 2077 account posted on X on July 6.

The funds will be used to support the organization's efforts to “make Ethereum great again.”

“A huge thank you to Vitalik for believing in our mission and supporting our work,” the post concluded.

German Government Transfers $80 Million in Bitcoin to Unknown Wallet in Two Separate Transactions

In its latest round of Bitcoin transactions, the German government has shifted an additional 1,400 Bitcoins—currently valued at $80 million at press time.

On July 6, a wallet linked to the German government proceeded to send 700 BTC to an unidentified address. A day later, on July 7, the same address shifted another 700 BTC to the same address.

According to Arkham Intelligence's blockchain analytics platform, the wallet currently holds 1,400 BTC.

This marks the fourteenth substantial transfer from a government-linked BTC address to external wallets in the past week, data from Cointelegraph (via Arkahm) shows.

Despite the recent outflow, the German government still maintains a hefty stash of 39,800 BTC (around $2.2 billion).

On July 5, German lawmaker and Bitcoin advocate Joana Cotar urged the government to halt its “hasty” Bitcoin selling spree and preserve its BTC holdings as a “strategic reserve currency” against risks in the traditional system.

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