A16z Loses Big In Bear Market, Crypto Daily TV 28/10/2022

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=67atvlvWQGE

Crypto behemoth a16z suffers huge investment losses.

Andreessen Horowitz (a16z), a venture capital firm known for its huge investment in crypto and blockchain, has suffered significant losses on its paper gains following the market collapse and crashing valuations of crypto firms.

Crypto investment firm Q9 gets provisional approval to operate in Dubai.

A Hong Kong-headquartered crypto investment platform, Q9 Capital, received provisional virtual asset approval from Dubai’s Virtual Asset Regulatory Authority. The company announced its expansion to the UAE and applied for a full operating license as well.

Crypto bank SEBA launches institutional custody service for Ethereum NFTs.

SEBA bank, a crypto-friendly bank based in Switzerland, has added an NFT custody solution that allows customers to hold well-known NFTs without managing private keys.

BTC/USD plummeted 1.8% in the last session.

The Bitcoin-Dollar pair plummeted 1.8% in the last session. The Williams indicator is giving a negative signal. Support is at 19691.3333 and resistance is at 21559.3333.

The Williams indicator is currently in the negative zone.

ETH/USD plummeted 2.7% in the last session.

The Ethereum-Dollar pair plummeted 2.7% in the last session. The CCI indicates an overbought market. Support is at 1407.1033 and resistance is at 1669.2033.

The CCI is signalling an overbought market.

The last session saw XRP drop 0.8% against USD.

The Ripple-Dollar pair dropped 0.8% in the last session after rising as much as 2.8% during the session. The MACD is giving a negative signal. Support is at 0.4512 and resistance is at 0.4799.

The MACD is giving a negative signal.

LTC/USD dove 2.4% in the last session.

The Litecoin-Dollar pair dove 2.4% in the last session. The RSI is giving a positive signal. Support is at 54.6933 and resistance is at 58.4133.

The RSI is giving a positive signal.

Daily Economic Calendar:

FR 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. The French Gross Domestic Product will be released at 06:30 GMT, the UK’s CFTC GBP NC Net Positions at 19:30 GMT, and Australia’s Producer Price Index at 00:30 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.

AU Producer Price Index

The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all processing states.

US Personal Spending

Personal Spending measures purchases of goods and services by households and nonprofit institutions serving households from the private sector.  The US Personal Spending will be released at 12:30 GMT, the Eurozone’s Business Climate at 09:00 GMT, and Japan’s BoJ Monetary Policy Statement at 03:00 GMT.

EMU Business Climate

The Business Climate indicator is based on monthly surveys and is designed to deliver a clear and timely assessment of the cyclical situation within the local economy.

JP BoJ Monetary Policy Statement

The Monetary Policy Statement is released by the Policy Board of the Bank of Japan. The statement gives clues for future changes in monetary policy.

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.