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Bakkt launch, digital money and Russia, bitcoin hashrate

12/24/2018
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The launch of the Bakkt trading platform is postponed for a week, Russia plans to launch international digital money. Bitcoin hashrate network began to grow again.

Launch of Bakkt platform was postponed

According to unofficial information, the launch of the Bakkt trading platform is postponed again. Intercontinental Exchange (ICE) was planning to launch it in December, but because of the delays of the CFTC Commodity Futures Commission, the start was moved to the end of January.

Judging by the situation, the CFTC is not in a hurry to issue a permit to operate the new platform. Therefore, the decision to postpone the start again seems logical. The site where it is planned to trade Bitcoin futures with actual delivery is likely to be launched on January 30th. The fact is that there is no time left for the Commission to delay. It must make a decision no later than January 24-25, 2019

Launch of Bakkt platform was postponed

Russia wants to introduce digital currency for international trade

The Russian Ministry of Finance is going to introduce a single currency for trade with the countries of the Eurasian Economic Community until 2021. This was stated by Deputy Head of Department Alexei Moiseev. He noted that the new asset will be used for international payments and will not be available to ordinary users.

What is important is the fact that the digital currency will not use the blockchain in its essence. The authorities have not been able to pass laws on cryptocurrency, although it was planned to do so before the end of 2018. Now the Parliament declares that they will consider them in the spring of 2019. However, there is no certainty that these deadlines will be met.

Russia wants to introduce digital currency for international trade

Bitcoin Hash Rate Drop Slowed

At the end of 2018, the number of devices connected to the bitcoin mining has sharply decreased. Going through a $ 4,000 profitability level has forced many “farmers” to stop cryptocurrency mining. This led to a record drop in network performance, and it decreased by 40%.

However, the mechanism incorporated into the blockchain algorithm made it possible to rectify the situation. Together with the hashrate, the complexity of the extraction of new blocks has also decreased. For two cycles, it fell by more than 25%. This led to the fact that mining again becomes profitable. And the number of connected devices began to grow. It should be noted that during 2018, the bitcoin network's hashrate increased almost 5 times, to 50 million TH / S.

Why blockchain so popular yet

Bitcoin Hash Rate Drop Slowed

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