Do Kwon’s Passport Invalidated, Crypto Daily TV 07/10/2022

In Todays Headline TV CryptoDaily News:

Crypto adoption skyrockets in Middle East and North Africa.

The Middle East and North Africa was the fastest growing crypto market in 2022, according to a new report. Users in the region transacted $566 billion in cryptocurrency between July 2021 and June 2022, up 48% from a year earlier.

Ripple slams SEC’s opposition to brief motions in XRP lawsuit

Ripple Labs has spoken against the U.S. Securities and Exchange Commission’s opposition to motions from two firms that had requested to file amicus briefs in support of Ripple in the lawsuit that the SEC filed in 2020 against Ripple.

Terra founder Do Kwon’s passport invalidated.

The South Korean Ministry of Foreign Affairs posted a public notice on its website announcing it would invalidate Terra creator Do Kwon’s passport, advancing a move the government first said it was considering last month.

The last session saw BTC drop 0.5% against USD.

The Bitcoin-Dollar pair fell 0.5% in the last session. The ROC is giving a negative signal. Support is at 19485.7627 and resistance is at 20698.1187.

The ROC gives a negative signal.

ETH/USD rose 0.7% in the last session.

Ethereum rose 0.7% against the Dollar in the last trading session. The CCI indicates an overbought market. Support is at 1298.071 and resistance is at 1390.991.

The CCI points to an overbought market.

XRP/USD exploded 2.3% in the last session.

The Ripple-Dollar pair skyrocketed 2.3% in the last session. The ROC is giving a negative signal, going against our overall technical analysis. Support is at 0.4579 and resistance is at 0.5169.

The ROC gives a negative signal.

LTC/USD plummeted 1.5% in the last session.

The Litecoin-Dollar pair dove 1.5% in the last session. The Williams indicator’s negative signal is in line with the overall technical analysis. Support is at 52.51 and resistance is at 56.341.

The Williams indicator is giving a negative signal.

Daily Economic Calendar:

US Unemployment Rate

The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market. The US Unemployment Rate will be released at 12:30 GMT, Japan’s Coincident Index at 05:00 GMT, and the UK’s CFTC GBP NC Net Positions at 19:30 GMT.

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.

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.

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. Japan’s Leading Economic Index will be released at 05:00 GMT, Germany’s Retail Sales at 06:00 GMT, and Germany’s Industrial Production at 06:00 GMT.

DE Retail Sales

The Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales.

DE Industrial Production

Industry is a basic category of business activity. Changes in the volume of the physical output of the nation’s factories, mines and utilities are measured by the index of the industrial production.

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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