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Eclipse CEO Neel Somani Temporarily Steps Back Amid Harassment Allegations. 🗨️👨🏼‍💼 Neel Somani, CEO of Eclipse, recently announced a temporary step back from his roles in Ethereum Layer 2 solutions amidst harassment allegations. While denying the accusations, Somani stated that his reduced involvement is temporary. The decision comes shortly after the allegations surfaced, with Somani expressing a commitment to clearing his name and defending himself against the claims. Eclipse, aiming to bridge the gap between Ethereum and Solana while constructing a new blockchain, declared that in the coming days, it would provide more background and details regarding senior leaders. Somani emphasized the importance of allowing voices to be heard, hinting that forthcoming discussions might shed light on the truth. Neither Eclipse nor Somani immediately responded to requests for comment from The Block. However, Somani emphasized in his statement the necessity of ensuring that voices are never silenced. The transition of power, according to Somani, will potentially facilitate the emergence of conversations and the revelation of truth in upcoming posts. He concluded by reaffirming his dedication to ensuring transparency and fairness throughout the process. #Eclipse #NeelSomani #Layer2

Eclipse CEO Neel Somani Temporarily Steps Back Amid Harassment Allegations. 🗨️👨🏼‍💼

Neel Somani, CEO of Eclipse, recently announced a temporary step back from his roles in Ethereum Layer 2 solutions amidst harassment allegations. While denying the accusations, Somani stated that his reduced involvement is temporary. The decision comes shortly after the allegations surfaced, with Somani expressing a commitment to clearing his name and defending himself against the claims.

Eclipse, aiming to bridge the gap between Ethereum and Solana while constructing a new blockchain, declared that in the coming days, it would provide more background and details regarding senior leaders. Somani emphasized the importance of allowing voices to be heard, hinting that forthcoming discussions might shed light on the truth.

Neither Eclipse nor Somani immediately responded to requests for comment from The Block. However, Somani emphasized in his statement the necessity of ensuring that voices are never silenced.

The transition of power, according to Somani, will potentially facilitate the emergence of conversations and the revelation of truth in upcoming posts. He concluded by reaffirming his dedication to ensuring transparency and fairness throughout the process.

#Eclipse #NeelSomani #Layer2

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ICBC Report: Bitcoin is 'Digital Gold', Ethereum is 'Digital Oil' 🪙🛢️👀 In a recent report, the Industrial and Commercial Bank of China (ICBC) – the world's leading bank – has placed Bitcoin and Ethereum at the forefront of digital assets, referring to them as "Digital Gold" and "Digital Oil" respectively. 🔹Why 'Digital Gold'? ICBC likens Bitcoin to gold due to its scarcity and the intricate mathematical process behind its creation. While acknowledging Bitcoin's diminishing use as a currency, the report emphasizes its growing value as a store of wealth. Advantages over physical gold include its divisibility, verifiable authenticity, and ease of transfer. 🔹Why 'Digital Oil'? Ethereum is crowned "Digital Oil" for its role in fueling the digital economy. Its strengths lie in security, scalability, and sustainability. The flexible architecture, powered by the Solidity programming language and the Ethereum Virtual Machine, enables a wide range of applications. Despite current hurdles, Ethereum's potential in infrastructure projects, beyond DeFi and NFTs, is highlighted, with ICBC anticipating further technological progress. 🔹Market Demand Fuels Digital Asset Innovation The report emphasizes a clear market demand for ongoing innovation in the digital asset space, with both Bitcoin and Ethereum establishing themselves as foundational elements. The current market shows Bitcoin trading at $66,450, a 5% decrease in the past 24 hours, while Ethereum is at $3,500, down over 6% for the day. The ICBC report signals a significant recognition of Bitcoin and Ethereum's importance in the global financial landscape. It remains to be seen how this report will influence future developments and investments in the digital asset space. #bitcoin #BTC #ETH #ethereum #ICBC
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