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Crypto shouldn’t be legal tender?
Cryptocurrency should not be granted legal tender status, the IMF’s Executive Board said. The board – 24 directors elected by the IMF’s member countries – had been presented with a staff paper that warned of the risks crypto poses to monetary policy, tax collection, financial stability and consumer protection.
Crypto exchange failed to register with state.
CoinEx was sued by New York Attorney General Letitia James, who accused the cryptocurrency exchange of transacting business illegally because it did not register with the state. The Hong Kong-based company was founded in 2017 and is also known as Vino Global Ltd, according to court papers.
Sam Bankman-Fried hit with additional charges in new indictment.
FTX founder Sam Bankman-Fried faces additional charges, including bank fraud allegations, under a new indictment. Federal officials are now charging the onetime crypto wunderkind with bank fraud and operating an unlicensed money transmitter in addition to the eight counts he already faced.
BTC/USD dove 1.4% in the last session.
The Bitcoin-Dollar pair plummeted 1.4% in the last session. The ROC is giving a positive signal. Support is at 23186.6667 and resistance at 24984.6667.
The ROC is giving a positive signal.
ETH/USD remained largely unchanged in the last session.
The Ethereum-Dollar price remained largely unchanged in the last session. The CCI is giving a positive signal, which matches our overall technical analysis. Support is at 1571.241 and resistance at 1702.461.
The CCI is currently in the positive zone.
XRP/USD plummeted 1.7% in the last session.
The Ripple-Dollar pair dove 1.7% in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 0.3772 and resistance at 0.4062.
The Ultimate Oscillator is currently in positive territory.
LTC/USD dove 1.3% in the last session.
The Litecoin-Dollar pair dove 1.3% in the last session. The Williams indicator is giving a negative signal. Support is at 90.391 and resistance at 97.931.
The Williams indicator is giving a negative signal.
Daily Economic Calendar:
DE 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 as a broad measure of economic activity and health. Germany’s Gross Domestic Product will be released at 07:00 GMT, the US Personal Income at 13:30 GMT, and the US Personal Spending at 13:30 GMT.
US Personal Income
The Personal Income measures the total income received by individuals, from all sources including wages and salaries, interest, dividends, rent, workers’ compensation, proprietors’ earnings, and transfer payments.
US Personal Spending
The Personal Spending measures purchases of goods and services by households and by nonprofit institutions that serve households from the private sector.
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. Japan’s CFTC JPY NC Net Positions will be released at 20:30 GMT, the UK’s CFTC GBP NC Net Positions at 20:30 GMT, and the UK’s GfK Consumer Confidence at 00:01 GMT.
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.
UK GfK Consumer Confidence
The GfK Group 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.
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