What's Hot

    Bitcoin Could Replace US Dollar – Former Coinbase CTO

    26.03.2023

    The Fed is playing a double game

    26.03.2023

    TVL rose again, and Euler Finance was hacked for $196 million

    25.03.2023
    Facebook Twitter Instagram
    Sunday, March 26
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Bitcoin»Three Arrows buys 156,000 ETH after Ethereum “end of support” statements
    81cc27b4835875e1fa45413827b168581c39a979
    Bitcoin

    Three Arrows buys 156,000 ETH after Ethereum “end of support” statements

    AdministratorBy Administrator08.12.2021No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Reading time: ~ 2 m


    Cryptocurrency fund Three Arrows Capital bought ETH for $ 676 million after the fund’s CEO Su Zhu said he was disappointed in Ethereum and stopped supporting the project.

    In November, Su Zhu posted a series of messages on Twitter, in which he expressed the opinion that the developers of Ethereum forgot about the main purpose of their project after becoming rich. The fund even transferred 18,000 ETH to the wallet of the FTX cryptocurrency exchange, however, it seems that the Three Arrows management changed their mind and the firm began large-scale purchases of ether.

    In the 17 days since Zhu posted on Twitter, 156,400 ETH have been received by Three Arrows, mostly from wallets FTX, Coinbase and Binance. Now these coins are no longer at this address – they were transferred to addresses previously unknown to analysts.

    Su Zhu himself confirmed the fund’s purchases of ETH. Ethereum is still unusable by newbies, he said. However, this does not mean that he considers the second cryptocurrency to be rubbish.

    “I still have a lot of faith in ETH and buy it in panic selling like this weekend. By the way, 100,000 ETH is just the beginning, we will buy more. We were just buying ether from people who are so financially illiterate that they sell coins, ”said the CEO of Three Arrows.

    Note that in November, the company invested in a Blizzard fund focused on Avalanche projects. The Avalanche network is positioned as a faster and cheaper equivalent of Ethereum.




    #Arrows #buys #ETH #Ethereum #support #statements

    Arrows buys ETH Ethereum statements support
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    Bitcoin Could Replace US Dollar – Former Coinbase CTO

    26.03.2023

    TVL rose again, and Euler Finance was hacked for $196 million

    25.03.2023

    Necessary contribution made in $1 million bitcoin dispute

    25.03.2023

    Coinbase CEO urged to support politicians loyal to cryptocurrencies

    25.03.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • Bitcoin Could Replace US Dollar – Former Coinbase CTO
    • The Fed is playing a double game
    • TVL rose again, and Euler Finance was hacked for $196 million
    • Hacker Euler Finance returned $90 million
    • Cardano is ready for a major update
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.