UK’s Financial Services and Markets Bill should be passed by spring 2023.
The U.K.’s wide-ranging Financial Services and Markets Bill, which could give regulators more power over crypto, should be passed into law by next spring, a Treasury spokesperson said.
India central bank chief warns about crypto.
The Indian central bank’s governor said that it’s not at war with crypto, but asserted that cryptocurrencies have no underlying fundamentals and their usage should be prohibited. “Please mark my words that the next financial crisis will come from private cryptocurrencies,” he said.
Visa dreams up plans so you can auto-pay bills with your crypto wallet.
Crypto users may be able to automatically pay their bills through their self-custodial crypto wallets, according to payments giant Visa. Visa’s crypto thought leadership team proposed a solution that would allow providers to automatically “pull” funds from users’ Ethereum-powered crypto wallets, without requiring the user to manually sign off on every transaction.
BTC/USD exploded 2.6% in the last session.
The Bitcoin-Dollar pair exploded 2.6% in the last session. The Ultimate Oscillator is giving a negative signal.
The Ultimate Oscillator is giving a negative signal.
ETH/USD skyrocketed 4.0% in the last session.
The Ethereum-Dollar pair rose 4.0% in the last session after gaining as much as 5.2% during the session. The ROC is giving a positive signal, going against our overall technical analysis.
The ROC is currently in the positive zone.
XRP/USD exploded 3.4% in the last session.
The Ripple-Dollar pair exploded 3.4% in the last session. The RSI is giving a negative signal.
The RSI is currently in negative territory.
LTC/USD exploded 3.0% in the last session.
The Litecoin-Dollar pair skyrocketed 3.0% in the last session. The ROC is giving a positive signal.
The ROC is currently in the positive zone.
Daily Economic Calendar:
US Consumer Confidence
Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.
The US Consumer Confidence will be released at 15:00 GMT, the US Current Account at 13:30 GMT, and Germany’s Gfk Consumer Confidence Survey at 07:00 GMT.
US 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.
DE Gfk Consumer Confidence Survey
The GfK Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity, making it an indicator of consumer spending.
JP Foreign Bond Investment
Foreign Bond Investment refers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency.
Japan’s Foreign Bond Investment will be released at 23:50 GMT, Japan’s Foreign Investment in Japan Stocks at 23:50 GMT, and the UK’s Public Sector Net Borrowing at 07:00 GMT.
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.
UK Public Sector Net Borrowing
The Net Borrowing captures the amount of new debt held by the U.K. government, i.e., the fiscal deficit in the UK national accounts.
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.
