Coinbase Wallet Delists Four Tokens, Crypto Daily TV 1/12/2022

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=fvvhYi1gj1M

Coinbase wallet ends support to certain tokens.

Coinbase Wallet will no longer support the native tokens associated with Bitcoin Cash, Ethereum Classic, Ripple’s XRP, and Stellar, effective December 5th, according to an update on the crypto exchange’s website.

Brazil legalizes crypto as a method of payment.

Brazil has not designated Bitcoin as legal tender, but it did the next best thing: it passed a law legalizing cryptocurrencies as means of payment throughout the country, giving a regulatory boost to the adoption of digital currencies and the expansion of the ecosystem.

Binance enters Japanese market.

Binance has bought Sakura Exchange BitCoin, a Japanese crypto exchange regulated by the country’s Financial Services Agency, for an undisclosed sum. With the acquisition, the world’s largest crypto exchange entered the Japanese market, adding it to the now substantial list of countries with some degree of regulatory authorization.

BTC/USD exploded 4.1% in the last session.

The Bitcoin-Dollar pair exploded by 4.1% in the last session. The CCI indicates an overbought market. Support is at 15928.6667 and resistance is at 16798.6667.

The CCI points to an overbought market.

ETH/USD exploded 6.6% in the last session.

The Ethereum-Dollar pair exploded 6.6% in the last session. The CCI indicates an overbought market. Support is at 1134.21 and resistance is at 1267.661.

The CCI is signalling an overbought market.

XRP/USD skyrocketed 2.8% in the last session.

The Ripple-Dollar pair gained 2.8% in the last session after rising as much as 3.2% during the session. The ROC gives a positive signal. Support is at 0.3748 and resistance is at 0.415.

The ROC is currently in the positive zone.

LTC/USD exploded 3.3% in the last session.

The Litecoin-Dollar pair exploded 3.3% in the last session. The MACD is giving a positive signal. Support is at 71.551 and resistance is at 79.731.

The MACD is currently in the positive zone.

Daily Economic Calendar:

JP 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. Japan’s 10-y Bond Auction will be released at 03:35 GMT, the US Initial Jobless Claims at 13:30 GMT, and Germany’s Retail Sales at 07:00 GMT.

US Initial Jobless Claims

The Initial Jobless Claims measure the number of people filing first-time claims for state unemployment insurance.

DE Retail Sales

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

NL Markit Manufacturing PMI

The Manufacturing Purchasing Managers Index (PMI) captures the business conditions in the manufacturing sector. The Dutch Markit Manufacturing PMI will be released at 08:00 GMT, the UK’s 30-y Bond Auction at 10:30 GMT, and Japan’s Jibun Bank Manufacturing PMI at 00:30 GMT.

UK 30-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 Jibun Bank Manufacturing PMI

The Jibun Bank Manufacturing PMI gives an early snapshot of the health of the Japanese manufacturing 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.