FTX users sue for priority repayment and damages in bankruptcy proceedings.
A class-action lawsuit filed with the U.S. Bankruptcy Court for the District of Delaware accuses former FTX executives of intentionally misappropriating customers’ funds to fund risky strategies and a lavish lifestyle in the Bahamas “in direct violation of FTX’s own customer agreements and terms of service.”
China to launch first national “digital asset” marketplace.
China is launching its first state-backed NFT marketplace, the latest sign of embrace for a technology that’s occupied a legal gray area within the country’s notoriously strict regulations on cryptocurrency. A ceremony celebrating the launch of the marketplace will be held in person in Beijing, the country’s capital, on Jan. 1st
MicroStrategy adds 2400 bitcoins in 2 months.
MicroStrategy, the business software vendor that was co-founded by crypto proponent Michael Saylor, has added to its bitcoin stockpile, purchasing about 2,395 bitcoins for $42.8 million between Nov. 1 and Dec. 21 through its MacroStrategy subsidiary, according to a filing with the Securities and Exchange Commission.
BTC/USD rose 0.3% in the last session.
The last session saw Bitcoin gain 0.3% against the Dollar. The ROC is giving a positive signal. Support is at 16308.6667 and resistance at 16920.6667.
The ROC is currently in the positive zone.
ETH/USD gained 0.4% in the last session.
Ethereum rose 0.4% against the Dollar in the last trading session. The MACD is giving a positive signal. Support is at 1166.0967 and resistance at 1226.0967.
The MACD is currently in positive territory.
XRP/USD dove 4.7% in the last session.
The Ripple-Dollar pair dove 4.7% in the last session. The ROC is giving a negative signal, which matches our overall technical analysis. Support is at 0.3461 and resistance at 0.3735.
The ROC is giving a negative signal.
The last session saw LTC drop 0.3% against USD.
The last session saw the Litecoin drop 0.3% against the Dollar. The RSI is giving a negative signal. Support is at 63.4467 and resistance at 70.8867.
The RSI is currently in negative territory.
Daily Economic Calendar:
US Chicago PMI
The Chicago Purchasing Managers Index released by ISM-Chicago captures the business conditions across Illinois, Indiana, and Michigan. The US Chicago Purchasing Managers’ Index will be released at 14:45 GMT, the US Baker Hughes US Oil Rig Count at 18:00 GMT, and the Dutch Retail Sales at 05:30 GMT.
US Baker Hughes US Oil Rig Count
The Baker Hughes Rig Count is an important business barometer for the drilling industry and its suppliers. Active drilling rigs consume products and services produced by the oil service industry.
NL Retail Sales
Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales.
ES Consumer Price Index
The Consumer Price Index measures price movements by comparing the retail prices of a representative shopping basket of goods and services. Spain’s Consumer Price Index will be released at 08:00 GMT, Japan’s CFTC JPY NC Net Positions at 20:30 GMT, and the UK’s CFTC GBP NC Net Positions at 20:30 GMT.
JP CFTC JPY NC Net Positions
The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions.
UK CFTC GBP NC Net Positions
The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions.
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.
