Crypto lender BlockFi preps for possible bankruptcy
Crypto lender BlockFi is preparing a potential bankruptcy filing because of its “significant exposure” to bankrupt crypto exchange FTX, the Wall Street Journal reported.
Ripple urges UK to craft ‘bespoke regulatory framework’ for crypto.
Ripple is hoping to make inroads with politicians in the UK amid its ongoing dispute with the SEC in the United States. The firm has issued a new regulatory whitepaper ahead of expected revisions to the UK’s Financial Markets and Services Bill, which is set to define the nation’s crypto regulation framework.
Big banks, NY Fed start to test digital tokens.
A group of major banks and the Federal Reserve Bank of New York have started testing digital tokens representing digital dollars to improve how central bank money is settled between institutions.
BTC/USD skyrocketed 1.4% in the last session.
The Bitcoin-Dollar pair skyrocketed 1.4% in the last session. The CCI is giving a positive signal, going against our overall technical analysis. Support is at 151891 and resistance is at 179071.
The CCI is currently in the positive zone.
The Ethereum-Dollar pair gained a moderate 0.1% in the last session.
The Ethereum got a slight bump of 0.1% against the Dollar in the last session. The CCI is giving a positive signal. Support is at 1122.0567 and resistance is at 1349.2567.
The CCI is currently in the positive zone.
XRP/USD skyrocketed 2.6% in the last session.
The Ripple-Dollar pair exploded 2.6% in the last session. The ROC is giving a positive signal. Support is at 0.3016 and resistance is at 0.4175.
The ROC is currently in positive territory.
LTC/USD exploded 1.8% in the last session.
The Litecoin-Dollar pair exploded 1.8% in the last session. The ROC gives a positive signal. Support is at 50.9067 and resistance is at 62.0267.
The ROC is giving a positive signal.
Daily Economic Calendar:
NL Unemployment Rate
The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market. The Dutch Unemployment Rate will be released at 05:30 GMT, Japan’s National Consumer Price Index at 23:30 GMT, and the Eurozone’s Harmonized Index of Consumer Prices at 10:00 GMT.
JP National Consumer Price Index
The National Consumer Price Index measures price movements obtained by comparing the retail prices of a representative shopping basket of goods and services.
EMU Harmonized Index of Consumer Prices
The HICP measures price movements or inflation harmonized across EU Member States. It is similar to the national Consumer Price Indices (CPI).
AU Unemployment Rate
The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market. Australia’s Unemployment Rate will be released at 00:30 GMT, the US Housing Starts at 13:30 GMT, and Australia’s Employment Change at 00:30 GMT.
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.
AU Employment Change
The Employment Change is a measure of the change in the number of employed people, which in turn shows the Labor market’s strength.
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.
