Core Scientific files for bankruptcy.
Core Scientific, one of the largest bitcoin miners by computing power, filed for bankruptcy as the crypto winter continues to take its toll on the industry. The company filed for Chapter 11 at the Southern District of Texas bankruptcy court. The miner’s estimated liabilities are between 1 and 10 billion dollars.
Ruling in favor of Ripple.
SEC v. Ripple lawsuit Judge Analisa Torres recently gave a ruling in favor of Ripple redacting documents submitted in connection with Daubert motions. Ripple scored a small win in the court case, protecting the remittance network’s confidential business interests and third-party privacy.
Tron’s Justin Sun says China sees Hong Kong as a crypto policy trial.
Regulators in China are monitoring Hong Kong’s approach to building it into a leading Asian cryptocurrency hub and see it as a policy test for the mainland, according to Tron founder Justin Sun.
The last session saw BTC drop 0.7% against USD.
Bitcoin dropped 0.7% against the Dollar in the last session. The Ultimate Oscillator is giving a negative signal, which matches our overall technical analysis.
The Ultimate Oscillator is currently in negative territory.
ETH fell 0.4% against USD in the last session.
The Ethereum-Dollar pair fell 0.4% in the last session. The Stochastic-RSI is giving a positive signal.
The Stochastic-RSI is currently in the positive zone.
The last session saw XRP drop 0.7% against USD.
The Ripple-Dollar pair dropped 0.7% in the last session. The Stochastic indicator is giving a negative signal.
The Stochastic indicator is currently in the negative zone.
LTC/USD corrected downwards by 0.1% in the last session.
The Litecoin-Dollar pair dropped 0.1% in the last session after rising as much as 1.7% during the session. The ROC is giving a positive signal.
The ROC is currently in positive territory.
Daily Economic Calendar:
UK 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.
The UK’s Current Account will be released at 06:00 GMT, the UK’s Gross Domestic Product at 07:00 GMT, and Italy’s Producer Price Index at 10:00 GMT.
UK Gross Domestic Product
The Gross Domestic Product is a measure of the total value of all goods and services produced by a country. The GDP is considered a broad measure of economic activity and health.
IT 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.
JP National Consumer Price Index
The National Consumer Price Index is a measure of price movements obtained by comparing the retail prices of a representative shopping basket of goods and services.
Japan’s National Consumer Price Index will be released at 23:30 GMT, Japan’s BoJ Monetary Policy Meeting Minutes at 23:50 GMT, and the Irish Consumer Confidence at 00:01 GMT.
JP BoJ Monetary Policy Meeting Minutes
The Bank of Japan publishes a study of economic movements in Japan, known as the meeting minutes, after the actual meeting.
IE Consumer Confidence
Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.
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.
