Ethereum London Hard Fork: Exchanges Place Precautionary Measures to Forestall Volatility
With the Ethereum (ETH) blockchain preparing to launch the London hard fork, crypto exchanges are taking precautionary measures to ensure that customers’ funds are secure during the transition.
The hard fork should go live at block height 12,965,000, which should occur tomorrow (August 5). The hard fork will usher in one of two likely occurrences; either the chain gets split and a new competing network with a token emerges, or no new token emerges, and crypto exchanges resume ETH operating as usual.
Meanwhile, behemoth exchange Binance announced that it would temporarily suspend ETH and ERC-20 tokens deposits and withdrawals at 11:45 (UTC) 05-08-2021. This action forestalls trading risks if a…
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