Market Review. Results of the Day. 06/07/2018
June 7, 2018
It has been a dull week for cryptocurrency, the market volatility is low, and trading volumes are declining.
BTC $7,704.85. Support level is $7,450. Target level is $8,000.
ETH $607.52. Support level is $580. Target level is $680.
XRP $0.68174. Support level is $0.64. Target level is $0.78.
EOS $14.24. Support level is $13. Target level is $17.
BCH $1,148.30. Support level is $1,080. Target level is $1,300.
For the first time a Japanese cryptocurrency exchange lost its license for good. The Japanese financial regulator rejected the license of the FSHO cryptocurrency exchange, due to the fact, that the exchange failed to verify the identity of suspicious customers.
Coinbase plans to get SEC license and became a licensed brokerage. Circle (Poloniex) wants to do the same.
P.A.ID Strategies research: About 70% of cryptocurrency wallets and exchanges in the United States and the European Union do not require customers verification.
CFTC refused request for subpoenas from Freedom of Information Act (FOIA) to Bitfinex and Tether.
Bitcoin Gold developers team plan to conduct a hard fork in order to address some issues, such as 51% attack and resistance to ASIC miners.
Promotional stunt of a social network ASKfm, that is conducting an ICO, ended in tragedy. The company planned to carry its cryptocurrency to the top of Mount Everest, but one Sherpa from the group went missing. He was presumed dead.
The central bank of South Africa successfully trialled a blockchain-based system for interbank settlement and clearance.