FTX And GameStop partnership to focus on crypto adoption.
FTX US, the U.S. arm of the popular crypto exchange FTX, has entered into a partnership with the American video game, consumer electronics and gaming merchandise retailer GameStop. The deal brings the popular meme stock from 2021 closer to FTX US as they both aim to bridge the gap between the gaming and crypto industries.
Malicious Actors Use Fake Apple Event To Scam Thousands
Malicious actors have lured thousands of users to a crypto scam using a fake Apple event on YouTube. The fake event featured an old interview with the tech giant’s CEO, Tim Cook, and premiered just in time for the company’s highly anticipated “Far Out” online streaming media event that took place Wednesday.
Crypto oversight should resemble traditional bank rules, Fed official says.
Fed Vice Chair for Supervision Michael Barr said crypto activity needs similar oversight to traditional bank activities, in his first speech since taking office.
The Bitcoin-Dollar pair gained a moderate 0.1% in the last session.
The Bitcoin-Dollar pair made a minor upwards correction in the last session, rising 0.1%. The ROC is giving a negative signal. Support is at 18203.1687 and resistance at 19995.1687.
The ROC gives a negative signal.
ETH/USD rose 0.5% in the last session.
The Ethereum-Dollar pair gained 0.5% in the last session after rising as much as 1.8% during the session. The Stochastic indicator is giving a positive signal. Support is at 1429.591 and resistance at 1757.151.
The Stochastic indicator is currently in positive territory.
XRP/USD gained 0.6% in the last session.
The Ripple rose 0.6% against the Dollar in the last trading session. The MACD is giving a positive signal. Support is at 0.3036 and resistance at 0.3553.
The MACD is giving a positive signal.
LTC/USD skyrocketed 1.4% in the last session.
The Litecoin-Dollar pair skyrocketed 1.4% in the last session. The Ultimate Oscillator is giving a negative signal. Support is at 50.9067 and resistance at 61.4867.
The Ultimate Oscillator is currently in the negative zone.
Daily Economic Calendar:
US Baker Hughes US Oil Rig Count
The Baker Hughes Rig Count is an important business barometer for the drilling industry and its suppliers. Active drilling rigs consume products and services produced by the oil service industry. The US Baker Hughes US Oil Rig Count will be released at 17:00 GMT, the Eurozone’s Eurogroup Meeting at 00:00 GMT, the Eurozone’s EcoFin Meeting at 07:00 GMT.
EMU Eurogroup Meeting
Eurogroup meetings are attended by the Eurogroup President, the Finance Minister of each Member State of the Euro area, the Commissioner for economic and monetary affairs, and the President of the European Central Bank.
EMU EcoFin Meeting
The Economic and Financial Affairs Council, the main decision-making body of the Council of the European Union, is composed by the Finance Ministers of the 27 European Union member states.
JP CFTC JPY NC Net Positions
The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. Japan’s CFTC JPY NC Net Positions will be released at 19:30 GMT, the UK’s Consumer Inflation Expectations at 08:30 GMT, the UK’s CFTC GBP NC Net Positions at 19:30 GMT.
UK Consumer Inflation Expectations
The Consumer Inflation Expectation presents the consumer expectations of future inflation for the next 12 months, which may influence rate decisions.
UK CFTC GBP NC Net Positions
The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions.
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.
