Magic Eden Adopts Optional Royalty, Crypto Daily TV 17/10/2022

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=1B7ak0AZnmA

NFT marketplace Magic Eden moves to optional Royalty model.

Solana non-fungible token mainstay Magic Eden is moving to an optional royalty model, announced by the marketplace in a Twitter thread. The company says it will also be waiving its 2% platform fee.

North Korean hacker group Lazarus targets Japanese crypto firms.

The infamous North Korean hacker group Lazarus has attacked several Japanese crypto funds through phishing and social engineering, according to a joint statement by local police and the Financial Services Agency of Japan.

$67 million returned.

Avraham Eisenberg, who says he’s part of a group that drained $114 million from decentralized crypto exchange Mango Markets last week, returned $67 million to the Solana-based DeFi hub as he defended his actions – which some have called an exploit – as both legal and highly lucrative.

BTC/USD skyrocketed 1.4% in the last session.

The Bitcoin-Dollar pair skyrocketed 1.4% in the last session. The Williams indicator is giving a positive signal. Support is at 18863.3333 and resistance is at 19331.3333.

The Williams indicator is currently in the positive zone.

ETH/USD exploded 3.0% in the last session.

The Ethereum-Dollar pair exploded 3.0% in the last session. The MACD is giving a positive signal. Support is at 1243.8233 and resistance is at 1317.0233.

The MACD is currently in the positive zone.

XRP/USD dropped 0.4% in the last session.

The last session saw the Ripple drop 0.4% against the Dollar. The Williams indicator is giving a negative signal. Support is at 0.4713 and resistance is at 0.4954.

The Williams indicator is giving a negative signal.

LTC/USD skyrocketed 2.2% in the last session.

The Litecoin-Dollar pair skyrocketed 2.2% in the last session. The Stochastic indicator is giving a negative signal, which matches our overall technical analysis. Support is at 49.451 and resistance is at 52.131.

The Stochastic indicator is giving a negative signal.

Daily Economic Calendar:

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, the US 3-Month Bill Auction at 15:30 GMT, and Italy’s Consumer Price Index at 08:00 GMT.

US 3-Month Bill Auction

Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive by holding the bond until maturity.

IT Consumer Price Index

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

DE Buba Monthly Report

The German Buba Monthly Report, released by the Deutsche Bundesbank, contains relevant articles, speeches, and statistical tables and provides a detailed analysis of current and future economic conditions. Germany’s German Buba Monthly Report will be released at 10:00 GMT, Japan’s Capacity Utilization at 04:30 GMT, and Japan’s Industrial Production at 04:30 GMT.

JP Capacity Utilization

Capacity Utilization is the percentage of production capacity that is actually used over a short time period. It is indicative of overall growth and demand.

JP Industrial Production

Industry is a basic category of business activity. Changes in the volume of the physical output of the nation’s factories, mines, and utilities are measured by the index of industrial production.

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.