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Bitfinex under pressure, CFTC sues, Monero is being optimized

10/16/2018
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Criticism of Bitfinex has led to a sharp increase in bitcoin, Monero has scheduled updates via hardforks. The CFTC is stepping up and is waiting for large investors.

Information attack on Bitfinex continues

Talking about problems on the Bitfinex cryptocurrency exchange led to a sharp jump in the Bitcoin rate. At the peak, it went up to $ 7,500, but then again dropped to $ 6,500. Experts see in this fluctuation the consequences of an information attack on the Bitfinex exchange, which temporarily limited the withdrawal of funds in certain types of fiat currencies.

The reason was the article in Bloomberg, which talks about the possible problems of Bitfinex and the insufficient provision of its tokens. Now the USDT has already been released with a circulation of more than 3 billion pieces and enjoys considerable popularity. It is noteworthy that the volatility of the token itself was at a modest level. It ranged from $ 0.92 to $ 0.97.

Christopher Giancarlo hopes for institutional investors

The head of the US Commodity Futures Trading Commission of the United States expressed confidence in the early stabilization of the cryptocurrency market. In his speech, Christopher Giancarlo noted that now this segment of trade attracts a large number of professional traders and investors.

Their influx speaks not only about the importance of this direction, but also allows stabilizing exchange rates. Last month, the CFTC made significant progress in the legal regulation of trading. American courts have recognized fraud with digital assets tantamount to fraud in the circulation of derivative financial instruments.

Read more about Futures Trading Commission of the United States

In October, there will be two hardforks of Monero

Hardforks of Monero cryptocurrencies are scheduled for October. A total of two updates are expected, which will improve the algorithm of mining and exchange operations. So, the confirmation technology will be somewhat adjusted and the consensus mechanism will be optimized. The most important change will affect the size of the roundabout on the signature, it is planned to increase to 11.

Recall that this hardfork will take place against the backdrop of failure to update Constantinople in the test network Ethereum. However, Monero does not expect technical problems, since the hardforks of this cryptocurrency were well received by the community.

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