Dubai grants provisional approval to crypto firm Blockchain.com.
London-based crypto firm Blockchain.com said it had won provisional approval to operate in Dubai, becoming the latest in a series of digital asset companies expanding in the Gulf as the region looks to become a hub for blockchain technology.
Markets: Bitcoin sole gainer in the crypto top ten, Ether dips, Polkadot leads losers
Bitcoin held weekend gains to move toward US$22,000 in Monday morning trading in Asia, while other tokens in the top 10 by market capitalization were flat to lower. Ether slipped, along with Polkadot and XRP.
Ponzi scheme, not crypto platform.
The “head trader” of an investment fraud scheme posing as a cryptocurrency platform that defrauded investors of about $100 million has pleaded guilty to one count of conspiracy to commit securities fraud, the Department of Justice said.
BTC/USD rose 0.3% in the last session.
Bitcoin rose 0.3% against the Dollar in the last trading session. The Ultimate Oscillator is giving a positive signal. Support is at 20873.0881, and resistance is at 22189.4561.
The Ultimate Oscillator is currently in the positive zone.
ETH dropped 0.6% against USD in the last session.
The last session saw Ethereum fall 0.6% against the Dollar. The Williams indicator indicates an overbought market. Support is at 1676.451, and resistance is at 1836.991.
The Williams indicator is signalling an overbought market.
The Ripple-Dollar pair gained a moderate 0.2% in the last session.
The Ripple got a slight bump of 0.2% against the Dollar in the last session. The Stochastic indicator is giving a positive signal, which matches our overall technical analysis. Support is at 0.3468 and resistance is at 0.367.
The Stochastic indicator is giving a positive signal.
LTC/USD dropped 0.9% in the last session.
The Litecoin-Dollar pair dropped 0.9% in the last session after rising as much as 1.7% during the session. The MACD’s positive signal is in line with the overall technical analysis. Support is at 58.761 and resistance is at 66.881.
The MACD is currently in positive territory.
Daily Economic Calendar:
FI Current Account
The Current Account measures the net flow of current transactions, including goods, services, and interest payments into and out of the local economy. Finland’s Current Account will be released at 05:00 GMT, Japan’s Machine Tool Orders at 06:00 GMT, and the UK’s Industrial Production at 06:00 GMT.
JP Machine Tool Orders
The Machine Tool Orders show movements in tool orders by manufacturers. It indicates the state of the Japanese economy.
UK Industrial Production
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.
JP BSI Large Manufacturing Conditions Index
The Business Survey Index (BSI) Large Manufacturing Conditions Index studies authorities’ assessments of and forecasts for the economy to keep track of economic trends. Japan’s BSI Large Manufacturing Conditions Index will be released at 23:50 GMT, the UK’s Gross Domestic Product at 06:00 GMT, and the US 3-Month Bill Auction at 15:30 GMT.
UK Gross Domestic Product
The Gross Domestic Product measures the total value of all goods and services produced by a country. The GDP is considered a broad measure of economic activity and health.
US 3-Month Bill Auction
Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive by holding the bond until maturity.
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.
