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Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads.
Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, the company said, the latest crypto casualty following the spectacular collapse of the FTX exchange earlier this month.
‘LUNA Collapse’ Was ‘Start Of Everything’
During the Tuesday hearing, U.S. Bankruptcy Judge Michael Kaplan authorized BlockFi to continue paying its employees and maintain its bank accounts.
Crypto exchange Kraken settles with treasury department over Iran sanctions.
On Monday, the Treasury department announced that Kraken, one of America’s largest crypto exchanges, has settled with the government and agreed to pay more than $360,000 for apparently violating America’s sanctions laws related to Iran.
BTC/USD exploded 1.6% in the last session.
The Bitcoin-Dollar pair skyrocketed 1.6% in the last session. The Stochastic indicator is giving a positive signal. Support is at 15765.6667 and resistance is at 16711.6667.
The Stochastic indicator is currently in the positive zone.
ETH/USD skyrocketed 4.5% in the last session.
The Ethereum-Dollar pair skyrocketed 4.5% in the last session. The CCI is giving a positive signal. Support is at 1125.851 and resistance is at 1219.991.
The CCI is giving a positive signal.
XRP/USD skyrocketed 2.7% in the last session.
The Ripple-Dollar pair skyrocketed 2.7% in the last session. The ROC is giving a negative signal. Support is at 0.3617 and resistance is at 0.4128.
The ROC is currently in the negative zone.
LTC/USD skyrocketed 3.5% in the last session.
The Litecoin-Dollar pair skyrocketed 3.5% in the last session. The MACD gives a positive signal, which matches our overall technical analysis. Support is at 68.5733 and resistance is at 77.9733.
The MACD is giving a positive signal.
Daily Economic Calendar:
JP Construction Orders
The Construction Orders released by the Ministry of Land, Infrastructure, Transport and Tourism show the number of orders received by construction companies. Japan’s Construction Orders will be released at 05:00 GMT, Germany’s Unemployment Rate at 08:55 GMT, and the US Gross Domestic Product Annualized at 13:30 GMT.
DE Unemployment Rate
The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market.
US Gross Domestic Product Annualized
AU AiG Performance of Mfg Index
The AiG Performance of Mfg Index presents the business conditions in the manufacturing sector. It is based on surveys of manufacturers on their assessment of the business situation. Australia’s AiG Performance of Mfg Index will be released at 21:30 GMT, Japan’s Annualized Housing Starts at 05:00 GMT, and Australia’s Construction Work Done at 00:30 GMT.
JP Annualized Housing Starts
The Annualized Housing Starts captures how many new single-family homes or buildings were constructed annually. It is a key indicator of the housing market.
AU Construction Work Done
The Construction Work Done measures the amount of construction work done in the last month. It is a key indicator of the Australian construction sector.
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.
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