Signature Bank won’t support transactions under $100K.
Signature Bank will not handle transactions of less than $100,000 for crypto exchange customers, according to a statement from exchange giant Binance. The crypto friendly bank has been reducing its involvement in digital asset markets in recent weeks, part of the ongoing fallout from recent crypto industry debacles.
Crypto conglomerate Digital Currency Group to shut down a CT business.
Embattled cryptocurrency conglomerate Digital Currency Group is shutting down one of its Stamford-based subsidiaries, while another of its businesses has filed for bankruptcy and faces federal charges — pressures that reflect widespread disruption in its industry.
Davos-launched blockchain project aims to be the ‘SWIFT’ of stablecoins.
Red Date Technology, the blockchain infrastructure firm that is also leading one of China’s blockchain efforts, launched the Universal Digital Payment Network during the World Economic Forum 2023 meeting in Davos, Switzerland. This digital payments system is aimed at bridging the gap between stablecoins and central bank digital currencies.
BTC/USD skyrocketed 1.2% in the last session.
The Bitcoin-Dollar pair exploded 1.2% in the last session. The ROC’s positive signal is in line with the overall technical analysis. Support is at 21951.6667 and resistance at 23451.6667.
The ROC is currently in positive territory.
ETH/USD rose 0.3% in the last session.
The last session saw the Ethereum rise 0.3% against the Dollar. The Stochastic-RSI is giving a negative signal. Support is at 1580.0833 and resistance at 1685.5633.
The Stochastic-RSI is giving a negative signal.
XRP/USD exploded 7.0% in the last session.
The Ripple-Dollar pair exploded 7.0% in the last session. According to the Stochastic-RSI, we are in an overbought market. Support is at 0.3873 and resistance at 0.4186.
The Stochastic-RSI is signalling an overbought market.
LTC/USD exploded 3.3% in the last session.
The Litecoin-Dollar pair exploded 3.3% in the last session. According to the CCI, we are in an overbought market. Support is at 84.6567 and resistance at 91.4767.
The CCI is signalling an overbought market.
Daily Economic Calendar:
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. Germany’s Gfk Consumer Confidence Survey will be released at 07:00 GMT, Finland’s Producer Price Index at 06:00 GMT, and Japan’s Jibun Bank Services PMI at 00:30 GMT.
FI Producer Price Index
The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all processing states.
JP Jibun Bank Services PMI
The Jibun Bank Services Purchasing Managers Index (PMI) captures the business conditions in the services sector. The services PMI is an important indicator of the overall economic conditions.
UK Public Sector Net Borrowing
The Net Borrowing captures the amount of new debt held by the U.K. government, i.e., the financial deficit in the UK national accounts. The UK’s Public Sector Net Borrowing will be released at 07:00 GMT, the US Redbook Index at 13:55 GMT, and the US 52-Week Bill Auction at 16:30 GMT.
US Redbook Index
The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers.
US 52-Week Bill Auction
Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive by holding the bond until maturity.
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.
