France To Tighten Crypto Regulations, Crypto Daily TV 16/12/2022

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=ZMKaBIBqs8Y

FTX Group executive tipped authorities about comingling of funds.

A top executive of the FTX group of companies told Bahamas police that funds were comingled between the crypto exchange and its sister trading firm Alameda Research as early as Nov. 9, court documents show.

France under pressure to tighten crypto-friendly regulations.

France is coming under pressure to close a loophole in incoming crypto rules that would grant it a longer grace period to entice digital asset companies to set up in the country with minimal regulatory oversight.

Bitcoin miner CleanSpark cuts 2023 hashrate outlook.

Bitcoin miner CleanSpark, lowered its year-end 2023 hashrate or computing power guidance to 16 exahash per second, from 22.4 EH/s previously, citing delays in building a mining facility by one of its partners, Lancium.

BTC/USD dove 2.4% in the last session.

The Bitcoin-Dollar pair plummeted 2.4% in the last session. The Ultimate Oscillator is giving a negative signal. Support is at 172721 and resistance at 186421.

The Ultimate Oscillator is currently in the negative zone.

ETH/USD dove 3.5% in the last session.

The Ethereum-Dollar pair dove 3.5% in the last session. The Stochastic-RSI is giving a negative signal. Support is at 1273.781 and resistance at 1365.141.

The Stochastic-RSI is currently in negative territory.

XRP/USD dove 2.1% in the last session.

The Ripple-Dollar pair dove 2.1% in the last session. According to the CCI, we are in an oversold market. Support is at 0.3673 and resistance at 0.4043.

The CCI points to an oversold market.

LTC/USD plummeted 3.7% in the last session.

The Litecoin-Dollar pair dove 3.7% in the last session. The Stochastic-RSI indicates an oversold market. Support is at 71.6167 and resistance at 80.9167.

The Stochastic-RSI is signalling an oversold market.

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 18:00 GMT, Japan’s Jibun Bank Services PMI at 00:30 GMT, and the UK’s Retail Sales at 07:00 GMT.

JP Jibun Bank Services PMI

The Jibun Bank Services Purchasing Managers Index (PMI) captures the business conditions in the services sector. The services PMI is an important indicator of the overall economic conditions.

UK Retail Sales

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

AT HICP

The HICP measures price movements or inflation harmonized across EU Member States. It is similar to the national Consumer Price Indices (CPI). The Austrian HICP will be released at 08:00 GMT, the Eurozone’s Harmonized Index of Consumer Prices at 10:00 GMT, and the UK’s GfK Consumer Confidence at 00:01 GMT.

EMU Harmonized Index of Consumer Prices

The HICP measures price movements or inflation harmonized across EU Member States. It is similar to the national Consumer Price Indices (CPI).

UK GfK Consumer Confidence

The GfK Group Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.

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.