ConsenSys CEO and Ethereum co-founder Joe Lubin confirmed in an interview wit Decrypt that the next era of Ethereum will arrive within the next few months.
"The merge is happening, surprisingly, on that same timeframe," said Lubin. "So my estimate stays the same. We have a team working strongly, heavily on it."
According to Decrypt, Ethereum 2.0 will bring about several key changes, namely creating an environment where shard chains and rollup technologies can increase the speed of transacting as well as lowering costs—in theory.
"The merge will lay to rest proof-of-work, will lay to rest Ethereum's carbon or energy footprint problem, that all goes away," Lubin said. "Orders of magnitude less expensive, energetically. And another exciting thing about about moving to proof-of-stake is that proof-of-work requires a lot of issuance of ether in order to incentivize these people with heavy infrastructure, to lend their resources and validate transactions on the network. And so if you have very light infrastructure, then you can issue much less ether per block that's constructed."
Dubai, United Arab Emirates – March 10, 2022: DTT Group, a globally regulated and a globally recognized leader with more than 20 years of proven track record and successful experience in the financial markets industry, today announced the launch of DTTcoins, a global crypto exchange established to provide crypto traders with the ultimate trading experience through its state-of-the-art platform, free crypto cabinet, competitive fees with institutional grade execution, and exceptional 24/7 multilingual support.
With more than 100 coins to trade, the DTTcoins trading platform was designed to meet the multitude of requirements from every type of trader, from beginner to institutional. With its leading-edge technology and all the indicators and tools a trader needs, no expense was spared in building an extraordinary platform to provide the most demanding clients with all the opportunities for profitable trading.
Walid Ead, Managing Partner of DTT Group commented: ‘With DTTcoins, we are introducing 20 years of Fintech expertise to the crypto world. Our mission is to empower the crypto community and at the same advance adoption regionally and globally and through DTTcoins’ end-to-end platform, traders can now buy, sell, store, transfer and freeze crypto coins in one user-friendly and secure platform.’
He added: ‘DTTcoins is part of DTT Group, a globally regulated and trusted broker; and his means our clients are guaranteed transparency and security, exceptional service and customer support, institutional grade execution, and highly competitive rates. In addition, we offer beginner and advanced traders free weekly webinars with our renowned financial experts; and we encourage traders to sign up for our free webinars to learn everything about cryptocurrency before they invest.’
DTTcoins is a Platinum sponsor of ‘Crypto Expo Dubai 2022’, taking place March 16-17 at Festival Arena, Dubai Festival City and the DTTcoins platform will be unveiled at the event for traders and crypto enthusiasts to learn more about DTTcoins and demo the platform at Booth 56.
The infamous file-sharing platform Limewire is planning to launch a marketplace dedicated to non-fungible token (NFT) technology, CNBC reported.
Austrian brothers Julian and Paul Zehetmayr bought LimeWire’s intellectual property and other assets last year and now they are planning to bring the platform back to life in May.
“The issue with the NFT market is that most platforms are decentralized,” Julian Zehetmayr told CNBC. “If you look at bitcoin, all the exchanges are making it really easy to buy, trade, and sell bitcoin. There’s no one really doing the same in the NFT space. We’ve obviously got this great mainstream brand that everybody’s nostalgic about. We thought we needed to build a real mainstream user experience as well.”
In a statement by the European Commission, the Member States have agreed to impose targeted sanctions on Russia and Belarus in view of the situation in Ukraine, n particular, the new measures impose restrictive measures on crypto assets.
"The EU confirmed the common understanding that loans and credit can be provided by any means, including crypto assets, as well as further clarified the notion of 'transferable securities,' so as to clearly include crypto-assets, and thus ensure the proper implementation of the restrictions in place," the statement revealed.
The United States and the European Union have said they would be investigating Russia’s potential use of digital currency to evade sanctions. On March 9, 2022, U.S. President Joe Biden signed an executive order which will require government agencies to coordinate and consolidate policy on a national framework for crypto as well as explore the potential roll-out of a central bank digital currency.
President Biden has signed an Executive Order outlining the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology. According to a White House Fact Sheet, the Order lays out a national policy for digital assets across six key priorities: consumer and investor protection; financial stability; illicit finance; U.S. leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation.
After the announcement, crypto prices soared with Bitcoin (BTC-USD) trading at $41,791 (up 8%), Ethereum (ETH-USD) at $2,730 (up 7%), and Bitcoin Cash reached $300 (BCH-USD) (up+6%)
The executive order calls for measures to protect consumers, investors, and businesses, protect and global financial stability and mitigate systemic risk, mitigate the illicit finance and national security risks posed by the illicit use of digital assets, promote equitable access to safe and affordable financial services, and support technological advances and ensure responsible development and use of digital assets
