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Japanese crypto exchange BitBank has announced that it has not yet made a decision on the listing of Ethereum PoW (ETHW). It needs to assess potential regulatory risks before deciding whether or not it will list the token. Earlier this August, rebellious cryptominers created a proof-of-work alternative to Ethereum ahead of the upcoming Merge update.
Initially, the ETHW token managed to gain popularity, and Poloniex was one of the first exchanges to support the token. BitMEX also launched a futures contract for a proof-of-work version of the token. Merge, scheduled for mid-September, will mark Ethereum’s full transition to Proof-of-Stake. Ethereum miners expect a huge financial blow. After the merger, the stakers will be responsible for the security of the network.
Despite the great interest in early August, the value of ETHW fell sharply in the run-up to the merger. According to CoinMarketCap, at the time of writing, it is trading at $50.56. It is worth noting that the ETHW token has not yet been launched. Some exchanges have decided to place the token in advance to capitalize on the hype.
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