Coinbase Opens Subscription Service, Crypto Daily TV 19/5/2023

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=ffngbBWdwz4

Binance Australia says banking disrupted as payment provider cuts service

The Australian arm of Binance, the world’s largest cryptocurrency exchange, said some customers there will be unable to deposit or withdraw money after a third-party service provider cut off its service.

Crypto should be regulated as gambling?

Bitcoin, ether, and other cryptocurrencies should be regulated as gambling, given they are potentially used by fraudsters and pose significant risks to consumers, a panel of UK lawmakers said in a report.

Coinbase opens subscription service

Coinbase took its zero-fee subscription service Coinbase One out of beta testing and expanded it from just the U.S. to also include the U.K., Germany, and Ireland. For $29.99 per month, customers don’t pay trading fees and get higher staking rewards.

BTC/USD plummeted 2.3% in the last session.

The Bitcoin-Dollar pair dove 2.3% in the last session. The Stochastic indicator is giving a positive signal. Support is at 26286.3333 and resistance is at 28080.3333.

The Stochastic indicator is currently in the positive zone.

ETH/USD plummeted 1.3% in the last session.

The Ethereum-Dollar pair dove 1.3% in the last session. According to the Stochastic-RSI, we are in an oversold market. Support is at 1765.4433 and resistance is at 1862.7433.

The Stochastic-RSI points to an oversold market.

XRP/USD exploded 2.8% in the last session.

The Ripple-Dollar pair exploded 2.8% in the last session. According to the Stochastic-RSI, we are in an overbought market. Support is at 0.4259 and resistance is at 0.4723.

The Stochastic-RSI is signalling an overbought market.

LTC/USD plummeted 3.5% in the last session.

The Litecoin-Dollar pair plummeted 3.5% in the last session. The ROC is giving a negative signal. Support is at 87.511 and resistance is at 98.151.

The ROC is currently in negative territory.

Daily Economic Calendar:

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 17:00 GMT, Germany’s Producer Price Index at 06:00 GMT, and Japan’s Tertiary Industry Index at 04:30 GMT.

DE Producer Price Index

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

JP Tertiary Industry Index

The Tertiary Industry Index indicates the health of the domestic service sector and related economic factors.

JP CFTC JPY 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. Japan’s CFTC JPY NC Net Positions will be released at 20:30 GMT, the UK’s CFTC GBP NC Net Positions at 20:30 GMT, New Zealand’s Credit Card Spending at 03:00 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.

NZ Credit Card Spending

Credit Card Spending measures the change in credit card spending by individuals. The indicator relates to consumer spending and confidence, which are tied to the economic outlook.

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.