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Trading platform “BitBank” determines its position on supporting “Ethereum PoW” currency…Details here

Trading platform “BitBank” determines its position on supporting “Ethereum PoW” currency…Details here

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Answer Trading platform “BitBank” determines its position on supporting “Ethereum PoW” currency…Details here

Japanese cryptocurrency exchange BitBank has announced that it has not yet made a decision regarding the listing of the mining-based digital currency Ethereum (ETHW).

The platform made it clear that it must assess potential regulatory risks before deciding whether or not to list the cryptocurrency.

Earlier in August, Rebel miners created an alternative to Ethereum that will remain mining-based even after the upcoming merger upgrade.

ETHW was initially able to gain some traction, and Poloniex was among the first exchanges to lend their support to this digital currency.

BitMEX has also launched an ETHW cryptocurrency future contract.

The merger event, scheduled for mid-September, will mark the full transition of Ethereum to a Proof of Stake mechanism.

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Ethereum miners will be left without the ability to benefit from their hardware unless it is harnessed in other networks.

Despite sparking a lot of interest in early August, the value of mining-based Ethereum plummeted in the run-up to the merger event.

The digital currency ETHW is trading at press time at $50.56 according to data provided by CoinMarketCap.

It is worth noting that the digital currency ETHW has not yet been launched.

Its supporters hope it will successfully fork off the main grid during the main event.

Some trading platforms have decided to proactively list the cryptocurrency in order to capitalize on the hype.

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Vitalik Buterin is opposed to the cryptocurrency ETHW and sees it as meaningless and that the Ethereum Classic network is a good alternative to go to.

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