At 15:00 UTC on Wednesday, the much-anticipated Zhejiang testnet for staking withdrawal went live on Ethereum’s Beacon chain. Zhejiang will enable the testing of the Ethereum Improvement Proposal (EIP) 4895 which allows for staking withdrawals. This is in preparation for the network’s next major update, the Shanghai hard fork slated to launch sometime in March. Users Can Make Simulated Withdrawals with Zhejiang In a tweet yesterday, DevOps engineer at Ethereum foundation Barnabas Busa gave details about the Zhejiang testnet slated…
Trading Stamps
Bitcoin Could Collapse Sooner or Later, Warns Swedish Central Bank Governor
Swedish Central Bank governor, Stefan Ingves, believes that bitcoin is similar to trading stamps, and it will soon collapse without the government's backing. He made the remarks during his speech at a banking conference held in Stockholm earlier today. Although he admitted that one can get rich by trading the flagship crypto, he said 'it's comparable to trading in stamps.' Ingves on Bitcoin's Alleged 'Imminent' Fall As per Bloomberg, the Riksbank governor challenged the possibility of currencies retaining their power…
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