Actually, it’s more like Binance and Huobi are helping the Steem community abandon Sun. On March 17, leading Steem developers and community members announced Hive, a hard fork of the social blogging platform’s blockchain designed with one goal: to recreate Steem without the 65 million STEEM tokens (and their 20% governance vote) Sun received when he acquired blockchain developer Steemit.
On March 17, a group of Steem community members and developers announced that Hive, a hard fork of the Steem blockchain, will take place on March 20. All STEEM token holders will receive an identical amount of Hive tokens—excluding the roughly 20% of outstanding STEEM Tron CEO Justin Sun acquired when he bought Steemit, the developer of the Steem project.
“In order to stem the spread of the coronavirus, people are taking drastic measures which are having huge implications for the global economy,” Mati Greenspan, founder of Quantum Economics, told Modern Consensus. “The global economy basically went from booming in February to grinding to a virtual halt in March. Bitcoin isn't immune to that.”
Announced on March 11, the 50-member Alliance aims to support the Celo blockchain by building a variety of mobile phone-based financial tools aimed broadly at combating poverty and inequality.