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Crypto Daily - Daily Crypto And Financial News 27/07/2022, Coinbase Faces SEC Scrutiny

Crypto Daily - Daily Crypto And Financial News 27/07/2022, Coinbase Faces SEC Scrutiny

In Todays Headline TV CryptoDaily News:

Miners still looking to set up Texas operations.

Bitcoin miners are still looking to set up operations in Texas despite recent heat waves, but more sustainable techniques may help improve circumstances moving forward.

Illegal foreign exchange trading with Bitcoin probed in S.Korea.

Prosecutors in South Korea are reportedly investigating foreign remittances of over 2 trillion Korean won (US$1.5 billion) at the country’s banks on suspicions of money laundering by crypto speculators.

Big investigation.

Cryptocurrency exchange Coinbase is reportedly facing an investigation from the US Securities and Exchange Commission over whether it allowed users to trade unregistered securities.

BTC/USD dove 1.6% in the last session.

The Bitcoin-Dollar pair dove 1.6% in the last session. The RSI is giving a negative signal. Support is at 20341.3551 and resistance at 23143.9131.

The RSI is currently in negative territory.

ETH/USD plummeted 4.0% in the last session.

The Ethereum-Dollar pair dove 4.0% in the last session. The CCI's negative signal is in line with the overall technical analysis. Support is at 1325.5067 and resistance at 1664.6267.

The CCI is currently in the negative zone.

XRP/USD dove 1.7% in the last session.

The Ripple-Dollar pair dove 1.7% in the last session. The RSI's negative signal is in line with the overall technical analysis. Support is at 0.3185 and resistance at 0.3686.

The RSI is currently in negative territory.

LTC/USD plummeted 2.9% in the last session.

The Litecoin-Dollar pair dove 2.9% in the last session. The Ultimate Oscillator gives a negative signal, which matches our overall technical analysis. Support is at 50.7267 and resistance at 60.5467.

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 06:00 GMT, Japan's Leading Economic Index at 05:00 GMT, and Australia's Consumer Price Index at 01:30 GMT.

JP Leading Economic Index

The Leading Economic Index is an economic indicator comprising 12 indices such as account inventory ratios, machinery orders, stock prices, and other leading economic indicators.

AU Consumer Price Index

The Consumer Price Index measures price movements by comparing the retail prices of a representative shopping basket of goods and services.

US Durable Goods Orders

The Durable Goods Orders measures the cost of orders received by manufacturers for durable goods, which means goods that should last three years or more, excluding the transport sector. The US Durable Goods Orders will be released at 12:30 GMT, Germany's 10-y Bond Auction at 09:30 GMT, and Japan's Coincident Index at 05:00 GMT.

DE 10-y Bond Auction

The auction sets the average yield on the bonds auctioned off. Yields are set by bond market investors, and therefore they can be used to estimate investors' outlook on future interest rates.

JP Coincident Index

The Coincident Index released by the Cabinet Office is a single summary statistic that tracks the current state of the Japanese economy.

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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