Binance Under Fire For Moving $400M, Crypto Daily TV 17/2/2023

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=eXMEh_36w8E

Binance moved funds from US affiliate’s Silvergate bank account in 2021.

Crypto exchange Binance moved around $400 million in funds from Binance US’s Silvergate Bank account to a trading firm called Merit Peak. According to the report, Binance moved the funds between January and March 2021.

Crypto exchange Binance expects to pay penalties.

Binance, the world’s largest crypto exchange, expects to pay monetary penalties to settle probes into its business in the U.S., a top executive said, in a major about-face after publicly disputing the idea that it was under any investigation and mocking media outlets that reported otherwise.

CFTC charges California firm and CEO with fraud.

The CFTC has charged California-based Vista Network Technologies and its CEO, Armen Temurian, with fraudulently soliciting over $7 million in bitcoin and ether from customers, according to a press release.

BTC/USD gained 0.8% in the last session.

The Bitcoin-Dollar pair gained 0.8% in the last session. According to the Stochastic-RSI, we are in an overbought market. Support is at 21315.3333 and resistance at 25851.3333.

The Stochastic-RSI is signalling an overbought market.

ETH/USD gained 0.3% in the last session.

The Ethereum-Dollar pair rose 0.3% in the last session. According to the CCI, we are in an overbought market. Support is at 1497.431 and resistance at 1765.951.

The CCI points to an overbought market.

XRP/USD plummeted 2.1% in the last session.

The Ripple-Dollar pair plummeted 2.1% in the last session. The Stochastic indicator is giving a positive signal. Support is at 0.3675 and resistance at 0.4192.

The Stochastic indicator is currently in the positive zone.

LTC/USD plummeted 1.0% in the last session.

The Litecoin-Dollar pair dropped 1.0% in the last session after rising as much as 2.4% during the session. The Ultimate Oscillator is giving a positive signal. Support is at 92.391 and resistance at 108.191.

The Ultimate Oscillator is giving a positive signal.

Daily Economic Calendar:

FR Consumer Price Index

The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services.  The French Consumer Price Index will be released at 07:45 GMT, the UK’s Retail Sales at 07:00 GMT, the Eurozone’s Current Account at 09:00 GMT.

UK Retail Sales

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

EMU Current Account

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

US Baker Hughes US Oil Rig Count

The Baker Hughes Rig Count is an important business barometer for the drilling industry and its suppliers. Active drilling rigs consume products and services produced by the oil service industry. The US Baker Hughes US Oil Rig Count will be released at 18:00 GMT, Germany’s Producer Price Index at 07:00 GMT, the US Import Price Index at 13:30 GMT.

DE Producer Price Index

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

US Import Price Index

The Import Price Index measures changes in the prices of imported products. High prices for imports carry inflationary pressure.

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.