Cryptocurrency Market Review 06.04.2018

Monero hard fork executed to resist ASIC miners. A hard fork of Monero (TIKER: XMR/USD.BITFINEX) was successfully executed this morning. The upgrade took place at block number 1546000 at 08.20 UTC. The cryptocurrency developers successfully completed the transfer to version 7 of Monero in an attempt to protect the cryptocurrency against ASIC miners.

Monex to buy hakced Coincheck exchange for $33 million. Monex Group Inc, Japan’s No.3 online brokerage firm, will buy the hacked cryptocurrency exchange Coincheck Inc, acquiring full ownership of the Tokyo-based firm for 3.6 billion yen ($33.59 million). The deal is expected to be agreed on April 16, Monex said. Coincheck’s CEO and COO will then resign from the board of directors and become the company’s executive directors.

Spain’s tax agency demands crypto client’s personal data. The National Fraud Investigation Office has sent information requests to 60 financial entities, including banks, ATM operators and exchange offices about their clients and their crypto transactions. The government not only demands information about cryptocurrency activities but also wants to identify the buyers and sellers as well as amounts in euros of their cryptocurrency transactions, exchange rates and commissions applied in euros.

George Soros to trade cryptocurrencies. The New York-based $26 billion Soros Fund Management is preparing to trade cryptocurrencies. The news comes a few months after George Soros called cryptocurrencies a “bubble.” Addressing the World Economic Forum in Davos, aid digital coins cannot function as actual currencies because of their volatility.

For the full list of ongoing ICOs click here.

By Siranush Ghazanchyan