Ripple, SEC case heads for conclusion after ‘summary judgment’ filed.
The U.S. Securities and Exchange Commission and Ripple Labs have both called for a federal judge to make an immediate ruling on whether Ripple’s XRP sales violated U.S. securities laws. In separate motions filed by Ripple and the SEC, both have called for a summary judgment in the U.S. District Court.
Watchdog warns against FTX.
The Financial Conduct Authority, a financial regulatory body in the U.K., released a warning to consumers about FTX, a crypto derivatives exchange headed by Sam Bankman-Fried, noting it is not authorized to provide financial products and services in the country. FTX, however, thinks a scammer is posing as FTX.
UN says crypto is a threat to developing nations.
The United Nations recently said that crypto is a threat to developing nations. It said that the use of cryptocurrencies is harmful to the monetary sovereignty of the country. Developing countries will find it difficult to collect taxes, and they will not have the power over the currency their citizens use.
BTC/USD gained 0.4% in the last session.
The last session saw Bitcoin gain 0.4% against the Dollar. The CCI is giving a negative signal. Support is at 18864.6681 and resistance is at 20406.6681.
The CCI is currently in negative territory.
ETH/USD skyrocketed 1.8% in the last session.
The Ethereum-Dollar pair exploded 1.8% in the last session. The RSI’s negative signal is in line with the overall technical analysis. Support is at 1235.3233 and resistance is at 1519.0233.
The RSI is currently in negative territory.
XRP/USD skyrocketed 7.5% in the last session.
The Ripple-Dollar pair skyrocketed 7.5% in the last session. The ROC’s positive signal is in line with the overall technical analysis. Support is at 0.3286 and resistance is at 0.4121.
The ROC is currently in the positive zone.
The last session saw LTC drop 0.7% against USD.
The Litecoin-Dollar pair fell 0.7% in the last session. The Stochastic-RSI indicates an oversold market. Support is at 0.3286 and resistance is at 0.4121.
The ROC is currently in the positive zone.
Daily Economic Calendar:
AU RBA Meeting Minutes
The minutes of the Reserve Bank of Australia meetings give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. Australia’s RBA Meeting Minutes will be released at 01:30 GMT, Germany’s Producer Price Index at 06:00 GMT, the US Housing Starts at 12:30 GMT.
DE Producer Price Index
The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all states of processing.
US Housing Starts
The Housing Starts captures how many new single-family homes or buildings were constructed. It is a key indicator of the housing market.
EMU Current Account
The Current Account measures net flow of current transactions, including goods, services and interest payments into and out of the local economy. The Eurozone’s Current Account will be released at 08:00 GMT, Finland’s Unemployment Rate at 05:00 GMT, the US Redbook Index at 12:55 GMT.
FI Unemployment Rate
The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market.
US Redbook Index
The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers.
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.
