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Facebook negotiations with CFTC, mining record, and The Block on cryptocurrency exchanges

06/04/2019
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Facebook discusses GlobalCoin with CFTC, mining complexity and Bitcoin hashrate has reached the record high. The Block study on cryptocurrency audience.

Facebook is Negotiating with CFTC

The Financial Times reported that Facebook Inc. has conducted negotiations with the U.S. Commodity Futures Trading Commission (CFTC). This was announced by J. Christopher Giancarlo, CFTC Chairman. During the meeting, Facebook tried to find out whether the planned GlobalCoin launch falls under the control of this particular agency. The turnover of cryptocurrency and derivative financial instruments in the United States is supervised by two departments. Unlike the Securities and Exchange Commission (SEC), J. Christopher Giancarlo’s agency is more loyal to financial initiatives.

It was reported earlier that Facebook held talks with the Bank of EnglaFacebook is Negotiating with CFTC

Facebook is Negotiating with CFTC

Bitcoin Mining Difficulty at the Record High

Another recalculation of Bitcoin mining complexity raised it to 7.459 T, which is a historical peak. This is slightly higher than the previous index of 8.450 T. However, one fact should be taken into account in these instances. The last record was reached more than seven months ago, before the beginning of the crypto winter. New figures once again confirm its final completion.

Coinwarz.com reports that during the last week complexity increased by 11.2%, and over the past three months it has grown by 22.8%. At the same time, the blockchain hashrate reached a level of 58.1 EH/s, which is also a semi-annual record. It must be said that after reaching this level, it decreased slightly to 43.39 EH/s. All the evidence now suggests that too much difficulty of Bitcoin mining made miners switch to other assets.

Bitcoin Mining Difficulty at the Record High

The Block Study of Cryptocurrency Exchanges Visitors

The Block conducted a study on the activity of cryptocurrency exchanges visitors. It was found that websites are prevalently visited by the U.S. customers (24.5% of the total traffic). Japan takes the second place with 10% of customers. South Korea makes the top three with 6.5% of customers. In addition, Indonesia and India are in the top five countries.

However, the researchers themselves enounce that their data may somewhat distort an objectivity. The fact is that customers from China are forced to visit websites via a proxy server. The reason is the prohibition of cryptocurrencies trade in this country. In general, The Block notes that user activity is largely dependent on the population income level. The countries with high poverty rate were at the end of the ranking.

The Block Study of Cryptocurrency Exchanges Visitors

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