$767M Pyramid Scheme Shut Down, Crypto Daily TV 10/10/2022

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=s_50QOyCmE8

$767M crypto pyramid scheme.

Hundreds of police officers took to the streets of six Brazilian cities to serve search and seizure warrants against Francisley Valdevino da Silva, who is accused of running a cryptocurrency pyramid scheme that raised $767 million.

$840 million in 5 months.

The Lazarus Group, a hacking outfit associated with North Korea’s government, drained over $600 million in crypto from a blockchain used by the NFT game Axie Infinity. North Korean hackers stole $840 million in the first five months of 2022, over $200 million more than they’d plundered in 2020 and 2021 combined.

China’s once-popular crypto exchange was bought by About Capital.

Huobi Global announced that its controlling shareholder had completed the transaction to sell its entire stake to About Capital, a Hong Kong-based fund management firm started by Ted Chen, who founded China’s hedge fund giant Greenwoods Asset Management.

The Bitcoin-Dollar pair gained a moderate 0.2% in the last session.

The Bitcoin-Dollar pair made a minor upwards correction in the last session, gaining 0.2%. The Stochastic indicator’s negative signal is in line with the overall technical analysis. Support is at 19091.7553 and resistance is at 19784.5013.

The Stochastic indicator is currently in negative territory.

ETH/USD gained 0.3% in the last session.

The Ethereum-Dollar pair rose 0.3% in the last session after gaining as much as 1.0% during the session. The MACD is giving a positive signal. Support is at 1286.011 and resistance is at 1351.171.

The MACD is giving a positive signal.

XRP/USD skyrocketed 4.0% in the last session.

The Ripple-Dollar pair gained 4.0% in the last session after rising as much as 5.7% during the session. The ROC is giving a positive signal, which matches our overall technical analysis. Support is at 0.5013 and resistance is at 0.537.

The ROC is currently in positive territory.

LTC/USD exploded 1.5% in the last session.

The Litecoin-Dollar pair skyrocketed 1.5% in the last session. The MACD is giving a positive signal. Support is at 51.8167 and resistance is at 54.0167.

The MACD is currently in positive territory.

Daily Economic Calendar:

FI Industrial Output

The Industrial Output shows the production volume of industries, i.e., factories and manufacturing.  Finland’s Industrial Output will be released at 05:00 GMT, the Austrian Industrial Production at 07:00 GMT, Japan’s Trade Balance at 23:50 GMT.

AT 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.

JP Trade Balance

The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit.

JP Machine Tool Orders

The Machine Tool Orders show movements in tool orders by manufacturers. It indicates the state of the Japanese economy. Japan’s Machine Tool Orders will be released at 06:00 GMT, Japan’s Current Account at 23:50 GMT, and the UK’s BRC Like-For-Like Retail Sales at 23:01 GMT.

JP Current Account

The Current Account measures net flow of current transactions, including goods, services and interest payments into and out of the local economy.

UK BRC Like-For-Like Retail Sales

The British Retail Consortium Like-For-Like Retail Sales measures changes in the actual value of retail sales from participating companies with invaluable management information on a regular and reliable basis.

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