G20 regulator to present first global crypto rules in October
The Financial Stability Board, which includes central bankers and treasury officials from G20 countries, is working on bringing global cryptocurrency regulations to the industry by October. Such regulations have become a necessity due to the recent collapse of the cryptocurrency market, which led to the loss of billions of dollars.
Binance served crypto traders in Iran despite U.S. sanctions
The world’s largest crypto exchange, Binance, continued to process trades by clients in Iran despite U.S. sanctions and a company ban on doing business there, an investigation has found.
Big crypto firms selling self-mined bitcoin
“The majority of big crypto mining firms have sold their self-mined Bitcoin, while a few firms like Marathon, Hut 8 and Hive still hold on. The price of cryptocurrency mining hardware is likely to continue falling in the near future amid the ongoing crypto winter.”
BTC/USD fell 0.6% in the last session
The Bitcoin-Dollar pair fell 0.6% in the last session. The ROC is giving a positive signal. The support is at 19239.5587 and resistance at 21217.8827.
The ROC is currently in positive territory.
ETH/USD plummeted 2.0% in the last session
The Ethereum-Dollar pair plummeted 2.0% in the last session. The Ultimate Oscillator is giving a negative signal. The support is at 1042.9233 and resistance at 1197.4033.
The Ultimate Oscillator is currently in negative territory.
The last session saw XRP drop 0.4% against USD
The last session saw the Ripple drop 0.4% against the Dollar. The Stochastic indicator is giving a positive signal, going against our overall technical analysis. The support is at 0.3003 and resistance at 0.3363.
The Stochastic indicator is currently in the positive zone.
LTC/USD saw a minor dip of 0.1% in the last session
The Litecoin-Dollar pair saw a minor dip of 0.1% in the last session. The Stochastic indicator is giving a positive signal. The support is at 45.8733 and resistance at 53.6133.
The Stochastic indicator is currently in positive territory.
Daily Economic Calendar:
US Consumer Price Index Core
The Core Consumer Price Index (CPI) measures the changes in the prices of goods and services, excluding food and energy.
The US Consumer Price Index Core will be released at 12:30 GMT, the UK’s Gross Domestic Product at 06:00 GMT, and the UK’s Industrial Production at 06:00 GMT.
UK Gross Domestic Product
The Gross Domestic Product is a measure of the total value of all goods and services produced by a country. The GDP is considered a broad measure of economic activity and health.
UK Industrial Production
The industry is a basic category of business activity. Changes in the volume of the physical output of the nation’s factories, mines, and utilities are measured by the index of industrial production.
EMU Industrial Production
The industry is a basic category of business activity. Changes in the volume of the physical output of the nation’s factories, mines, and utilities are measured by the index of industrial production.
The Eurozone’s Industrial Production will be released at 09:00 GMT, the US Consumer Price Index at 12:30 GMT, and Japan’s Foreign Investment in Japan Stocks at 23:50 GMT.
US Consumer Price Index
The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services.
JP Foreign Investment in Japanese Stocks
Securities investment refers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
