Ethereum Emission to Reach All-Time Low

As reported, Ice Age happened due to hard fork delayal and mining complication
11 February 2019   191

Ethereum emission fell from 20,000 ETH per day to 13,000 ETH under the influence of the “Ice Age”, which happened due to the delay of the next hard fork and complication of mining. On Sunday, Ethereum’s daily production reached a historic low, dropping 2,000 ETH lower than during the last activation of the bomb, which occurred in September 2017, Trustnodes reports.

In the near future, the ETH emission may drop to 10,000 ETH, but with the activation of the Constantinople at the end of the month, the value will be set at 13,400 ETH. At the same time, Ethereum’s inflation rate will approach Bitcoin and will be about 4% By the end of the year, along with the launch of the Beacon-chain based on the Proof-of-Stake algorithm, inflation of Ethereum will drop to 2%, and the halving in the bitcoin blockchain, which will affect its emissions in the same way, will take place in 2020.

Over the last month, the price of ETH rose from $ 100 to $ 120, the volume of short positions fell from 320,000 to 215,000, and long ones increased from 400,000 to 460,000. The block creation time in the Ethereum network rose above 20 seconds, together with which the average daily number of transactions fell from 580,000 to 380,000. However, the commissions remain at fairly modest levels and currently amount to $ 0.005 per transfer per transaction.

MEW to Launch KYC-less Crypto Withdrawal

Service is available in Euro and Francs to all bank account holders with an international bank account number (IBAN)
21 February 2019   83

MyEtherWallet, a popular cryptocurrency wallet, in collaboration with the Swiss company Bity, introduced the Fiat service, which allows you to exchange digital assets for euros and Swiss francs without verification.

It is noted that the service is available to all bank account holders with an international bank account number (IBAN).

Bity is able to offer this kind of KYC-less Exit-to-Fiat gateway because it is compliant with the Swiss Anti Money Laundering Ordinance (AMLA). This, along with technology that helps verify proof of wallet-ownership, allows Bity to realize the friendliest kind of user experience — frictionless, secure AND regulatory compliant.

MyEtherWallet Team

To use Exit-to-Fiat, the user must specify Bity as the service provider in the asset exchange section. You will also need to provide a phone number, bank account details and a billing address.

This information is transmitted to Bity to comply with legal requirements and is not stored by MyEtherWallet.

The maximum transaction size is limited to 5,000 francs (about $ 5,000).