Crypto Daily – Crypto And Financial News 10/0…

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Renewable energy company closes $4.3M capital round.

Vespene Energy, a Berkeley, California-based company that converts methane gas released from landfills into power for bitcoin mining, closed a $4.3 million funding round led by blockchain investment firm Polychain Capital and other climate-focused funds.

Crypto hit by new security woes in incident at DeFi protocol.

Cryptocurrency exchange Curve Finance appeared to have been buffeted by a security incident, adding to a litany of recent breaches afflicting the digital-token sector.

Crypto lender Hodlnaut follows other firms in freezing withdrawals.

Cryptocurrency lender Hodlnaut is the latest firm to succumb to tumultuous market conditions and halt withdrawals. In a post on its website, the Singapore-based company announced that it’s freezing withdrawals, token swaps, and deposits due to an uncertain economy that some say triggered a “crypto winter.”

BTC/USD dove 3.2% in the last session.

The Bitcoin-Dollar pair plummeted 3.2% in the last session. The Ultimate Oscillator is giving a negative signal. Support is at 226751 and resistance at 247951.

The Ultimate Oscillator is giving a negative signal.

ETH/USD plummeted 4.9% in the last session.

The Ethereum-Dollar pair plummeted 4.9% in the last session. The Stochastic indicator is giving a negative signal. Support is at 1643.751 and resistance at 1880.471.

The Stochastic indicator is currently in negative territory.

XRP/USD plummeted 3.7% in the last session.

The Ripple-Dollar pair plummeted 3.7% in the last session. The MACD is giving a negative signal. Support is at 0.3651 and resistance at 0.3914.

The MACD is giving a negative signal.

LTC/USD dove 5.8% in the last session.

The Litecoin-Dollar pair dove 5.8% in the last session. The Williams indicator’s negative signal is in line with the overall technical analysis. Support is at 59.2367 and resistance at 65.7767.

The Williams indicator is currently in the negative zone.

Daily Economic Calendar:

UK RICS Housing Price Balance

The RICS Housing Price Balance survey presents housing costs. It shows the strength of the housing market. The UK’s RICS Housing Price Balance will be released at 23:01 GMT, the US MBA Mortgage Applications at 11:00 GMT, Germany’s Consumer Price Index at 06:00 GMT.

US MBA Mortgage Applications

The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered as a leading indicator of the U.S Housing Market.

DE Consumer Price Index

The Consumer Price Index measures price movements by comparing the retail prices of a representative shopping basket of goods and services.

US Monthly Budget Statement

The Monthly Budget Statement summarizes the financial activities of federal entities, disbursing officers, and Federal Reserve banks. The US Monthly Budget Statement will be released at 18:00 GMT, Finland’s Industrial Output at 05:00 GMT, the US Consumer Price Index at 12:30 GMT.

FI Industrial Output

The Industrial Output shows the volume of production of industries, i.e., factories and manufacturing.

US Consumer Price Index

The Consumer Price Index measures price movements by comparing the retail prices of a representative shopping basket of goods and services.

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.

Source: https://cryptodaily.co.uk/2022/08/crypto-daily-crypto-and-financial-news-10082022-crypto-contagion-spreads-to-hodlnaut