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The Bitcoin network hash rate, which was reaching all-time highs a few weeks ago, has recently dropped around 40% yesterday. According to information from Coin.dance, the hash rate plummeted from 98 million to 57,7 million TH/s.
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“Volatility continues to wane for bitcoin and is now the lowest it’s been since April 1st, with a 30-day reading of 36% and a 60-day reading of 52%,” said analyst David Martin, citing figures provided by Blockforce Capital and Digital Assets Data.
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Intercontinental Exchange’s (ICE) Bakkt platform has traded 71 Bitcoin (BTC) futures contracts in the first 24 hours following its launch on Sept. 22.
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China has no specific launch date in mind for its digital currency, its central bank has said in fresh comments contradicting previous statements.
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Bitfinex has won an appeal in the New York Supreme Court, which means it won’t have to turn over documents pertaining to its use of the the cryptocurrency Tether.
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32% of all cryptocurrency projects failed to publish a single line of code in 2019. Based on a research of 2,000 startups by the Coincodecap project, 640 were completely inactive.
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As science-fictiony as it sounds, quantum computing is a threat that needs to be taken seriously in the world of blockchains. It may not be the kill switch that everyone imagines because of media hype, but it certainly something that should be on the radar for anyone involved in the ecosystem.
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SIX Group plans a full launch of its new SIX Digital Exchange trading platform using blockchain technology at the end of next year. It had originally intended to go live this year.
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Trading has started on the Boerse Stuttgart Digital Exchange. Selected users in Germany can connect directly to the trading venue, where they can trade the Bitcoin-Euro pair initially.
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Five of South Korea’s biggest banks have joined JPMorgan’s cross-border, blockchain-powered payments initiative, the Interbank Information Network. The network operates on Quorum, a platform based on the Ethereum blockchain.”
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“If Libra has its heart set on choosing an artificial currency unit as the basis for its global currency, it should have probably just go with the IMF’s SDR basket rather than brewing its own strange currency concoction.”
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The National Bank of Romania has launched a Fintech Innovation Hub, described as “a platform for dialogue with companies developing innovative public interest solutions in the area of payment and financial services.
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One of blockchain’s biggest problems is that it was approached badly. Rather than beginning with the challenges banks were trying to solve and then seeing whether blockchain could be applied to them, too many projects started with the technology, tried to discern how to make money from it, and worked from there.
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Wells Fargo, JPMorgan and Bank of America have seen their share of home loan origination fall from a peak of 49% in 2010 to just 19 per cent in the first half of this year. Quicken Loans became America’s largest mortgage lender last year.
