The Merge, according to Ethereum developers, is meant to move to PoS with zero downtime due to the total terminal difficulty (TTD), which ensures the transition based on the total mining power that goes into establishing a chain. Despite the explanation, FTX decided to halt “deposits and withdrawals until the Merge is finished and networks are stable.”
The trade suspension for Ethereum on several blockchains has been scheduled to begin at various times but is subject to change depending on anticipated issues.
This is the first move in the major exchanges to prepare for the biggest update of the Ethereum network, it is not clear if Binance or Coinbase and other exchanges have the same move however, most platforms support PoS chain after The Merge.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
The Cedar Innovation Foundation has filed a FOIA request for SEC communications regarding the DEBT…
Biden administration to veto crypto custody legislation over stability and investor protection concerns.
Tether expands into Eastern Europe with new investment in Georgia's CityPay.io. The investment will support…
The VanEck meme coin index tracks the performance of six prominent meme coins: DOGE, SHIB,…
BitMEX options trading aims to grow interest in cryptocurrency options amid regulatory developments.
According to BBG, Nigeria and Binance dispute intensifies as Nigeria denies Binance's bribery allegations. Binance…
This website uses cookies.