By Newsdesk7
Following Ethereum’s shift from proof-of-work (PoW) to proof-of-stake (PoS), the platform’s yearly issuance rate has decreased to -0.057% as per data recorded 158 days after The Merge. These figures reveal that a larger number of Ethereum tokens have been withdrawn from circulation than generated, and had the network remained under PoW consensus, approximately 1,823,678 ether would have been produced by now.
news:
On 20th February, the former CTO of Composable Finance, Karel Kubat, announced via a tweet that he had resigned from the company. Along with his resignation, Kubat made several allegations directed towards the firm and its CEO. Composable Finance’s CEO has strongly denied accusations of legal misconduct within the company’s decentralized finance (DeFi) infrastructure platform.
news:
As the interoperable space continues to develop and address centralization risks, several teams are actively working on decentralized solutions that are expected to launch in 2023. These protocols aim to bridge liquidity securely across decentralized finance protocols and other layer-1 blockchains and also facilitate a future where the user experience is blockchain agnostic and protocols interact with each other seamlessly.
news:
Huobi Global, a cryptocurrency exchange, is currently pursuing a license in Hong Kong in response to the region’s potential new licensing and regulatory measures that would enable the exchange to cater to retail customers. Under the new framework, cryptocurrency exchanges must register with the Hong Kong Securities and Futures Commission (SFC), which would enable Huobi Global to expand its offerings in the region. Additionally, Huobi intends to establish a new exchange, called Huobi Hong Kong, which will focus on serving institutional and high-net-worth clients, as per a tweet series by Justin Sun.
news: