Genesis Files For Bankruptcy, Crypto Daily TV 20/1/2023

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=ZotgtzVH0JY

National Australia Bank becomes second Australian bank to build stablecoin.

The National Australia Bank, one of the four biggest Australian banks, has created a stablecoin called AUDN which it aims to launch in the middle of 2023, according to the Australian Financial Review report. The stablecoin will launch on the Ethereum and Algorand blockchain, a smart contract platform similar to Ethereum.

CFTC commissioner warns of risks if crypto firms self-certify.

A top official with the U.S. Commodity Futures Trading Commission plans to warn lawmakers against allowing cryptocurrency exchanges to self-certify with the agency to list products for trading.

Genesis to file for bankruptcy.

Cryptocurrency firm Genesis Global Capital is planning to file for bankruptcy as early as this week. The bankruptcy filing has been expected since the November fall of the FTX cryptocurrency exchange.

BTC/USD skyrocketed 1.5% in the last session.

The Bitcoin-Dollar pair exploded 1.5% in the last session. The Williams indicator indicates an overbought market. Support is at 197181 and resistance at 221121.

The Williams indicator is signalling an overbought market.

ETH/USD skyrocketed 2.6% in the last session.

The Ethereum-Dollar pair exploded 2.6% in the last session. The RSI indicates an overbought market. Support is at 1441.061 and resistance at 1639.841.

The RSI is signalling an overbought market.

XRP/USD skyrocketed 4.0% in the last session.

The Ripple-Dollar pair exploded 4.0% in the last session. The Stochastic indicator is giving a negative signal. Support is at 0.351 and resistance at 0.4092.

The Stochastic indicator is currently in negative territory.

LTC/USD skyrocketed 1.6% in the last session.

The Litecoin-Dollar pair rose 1.6% in the last session after gaining as much as 2.3% during the session. The Ultimate Oscillator is giving a negative signal. Support is at 78.51 and resistance at 90.421.

The Ultimate Oscillator is currently in the negative zone.

Daily Economic Calendar:

UK Retail Sales

The Retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. The UK’s Retail Sales will be released at 07:00 GMT, Germany’s Producer Price Index at 07:00 GMT, the Dutch Consumer Confidence Adj at 05:30 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.

NL Consumer Confidence Adj

The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer sentiment is bullish for the overall economy.

UK GfK Consumer Confidence

The GfK Group Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. The UK’s GfK Consumer Confidence will be released at 00:01 GMT, the US Baker Hughes US Oil Rig Count at 18:00 GMT, the US Existing Home Sales at 15:00 GMT.

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.

US Existing Home Sales

The Existing Home Sales provide an estimate of housing market conditions, which are indicative of the overall economy.

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.