After a prolonged period of deliberations and hesitation, the co-founder and chief scientist of Ethereum, Vitalik Buterin, finally breaks his silence. However, this is related to the issue where he feels strongly about DeFi’s plans of incorporating conventional-based finance matters. From his viewpoint and opinion, he speaks about his fears and apprehensions regarding the pursuance of institutional capital. However, according to him, this is bound to bring about an incorrect form of regulation. 

However, this is in tune with his thought process, which he now generously shares, of that crypto, at the very present moment, is not at all equipped or prepared to be in the position of being gainfully incorporated with mainstream finance. His personal feelings are that the entire process should be allowed a fair amount of more time, and not at all at this very moment and period. He also airs his genuine concerns regarding the quickening fashion in which the situation transpires. 

Through a couple of tweets, however, he lays bare his point of view on the subject and reveals that, in truth, he is pleased and feels encouraged by the fact that many ETFs are being held up. However, this is about exchange-traded assets, where crypto is concerned.

In his experience, attaching regulatory features in the case of interfering with the inner functioning of crypto is far worse than regulations laid down, yet allowing crypto the freedom to act internally on its own accord. All of this, coming from an authoritative figure such as him, is bound to open the doors for further serious debates on the matter, which again, according to his mindset, will be a welcome factor.

The EIP-1559 release has worked fantastically for Ethereum as it surged from 2,728 dollars to 3,326 dollars since its release. The network has burnt over 230 million dollars in Ethereum in the period, creating scarcity for the token.

According to Bitcoin News, Ethereum is currently burning 12,000 dollars worth of ETH per minute. Dune Analytics is also following the network closely, tracking the amount of ETH burned ever since the London update. The network has burnt over 73,784 Ethereum in the first 17 days and continued the process.

Now, its ETH burning count has crossed 83,873 ETH. WIth Ethereum is currently trading around 3,309 dollars, meaning it has burned over 277,525,757 dollars worth of Ethereum. 

The network had already planned for this with the release of EIP-1559, the first changes that came through the London Hard Fork. The upgrade introduced a base fee that is algorithmically calculated for every transaction on Ethereum. However, instead of transferring the fee for the related transaction to miners, Ethereum is destroying the associated ETH.

As per EIP-1559’s authors, making sure that miners do not receive the base is crucial as it eliminates their incentive to manipulate fees to extract more gas fees from traders. The design is developed to protect Ethereum, fight inflation, and decrease risks associated with mining’s extractable value.

The model does not negate the reward for miners as they can still earn supplement fees as a gratuity. However, the latest update effectively changed the entire dynamic of the network. Ethereum is burning 12,000 dollars worth of Ethereum every minute to restrict miners from hauling profits on the network.

The upgrade also introduced more changes, including shifting from the PoW (proof-of-work) model to the PoS (proof-of-stake) model.

Hubi, a global digital economy service provider has recently announced that it will launch ZEC, QWC on March 5, 2020. The schedule regarding the launch is;

The users will be able to deposit ZEC, QWC on March 5, 2020, 14:00 (UTC +8) 

ZEC/USDT, QWC/USDT trading pairs will be available for the users on March 6, 2020, 14:00 (UTC+8) and the users who want to withdraw ZEC, QWC can make the withdrawals on March 7, 2020, 14:00 (UTC+).

ZEC, better known as Zcash is the first blockchain system to use a zero-knowledge proof mechanism that provides complete payment confidentiality along with maintaining a decentralized network that uses a public blockchain. The feature that makes ZEC different from other platforms is that while making a transaction, ZEC automatically hides the sender, recipient and the amount of all transactions made on the blockchain network. 

The users who have access keys can only see the details of the transaction. It is up to the users, as they have full control over whom to provide the private key view. ZEC mainly has two types of funds- Transparent Fund which is much similar to Bitcoin and Private Fund that highlights privacy. Private Fund Transactions are completely confidential whereas transactions from a transparent fund can be publicly checked.

QWC was launched back in the year 2017. Known as Qwertycoin, QWC is a cryptocurrency designed for regular usage by people. With the main motive of protecting privacy, QWC aims to provide its users from both public and business sectors with faster and efficient means of transactions which is decentralized and direct.