Sam Bankman-Fried Denies Wrongdoing, Crypto Daily TV 2/12/2022

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=0wAoNwvBD4c

Sam Bankman-Fried denies ‘improper use’ of customer funds.

Fried, the embattled former CEO of cryptocurrency giant FTX and trading firm Alameda Research, said that he was ultimately responsible for the downfall of both companies, but denied that he knew “that there was any improper use of customer funds.

Senate committee ponders crypto regulation in wake of FTX collapse

The collapse of the world’s third-largest cryptocurrency exchange has sparked renewed calls for regulation of the industry, and it appears that bipartisan support for such regulations exists.

TradFi giant TP ICAP gains UK crypto license.

TP ICAP, the world’s largest interdealer-broker, has registered as a digital asset provider with the U.K.’s Financial Services Authority as it attempts to break into the crypto world via its Fusion Digital Assets marketplace.

BTC/USD dove 1.3% in the last session.

The Bitcoin-Dollar pair plummeted 1.3% in the last session. The RSI is giving a positive signal. Support is at 16163.3333 and resistance is at 17747.3333.

The RSI is currently in positive territory.

ETH/USD plummeted 1.4% in the last session.

The Ethereum-Dollar pair plummeted 1.4% in the last session. The Stochastic-RSI indicates an overbought market. Support is at 1179.4033 and resistance is at 1362.4233.

The Stochastic-RSI is signalling an overbought market.

XRP/USD plummeted 2.6% in the last session.

The Ripple-Dollar pair plummeted 2.6% in the last session. The ROC is giving a negative signal. Support is at 0.3862 and resistance is at 0.422.

The ROC is currently in the negative zone.

LTC/USD dove 1.6% in the last session.

The Litecoin-Dollar pair dropped 1.6% in the last session after rising as much as 1.7% during the session. The Williams indicator indicates an overbought market. Support is at 73.451 and resistance is at 83.371.

The Williams indicator is signalling an overbought market.

Daily Economic Calendar:

US Nonfarm Payrolls

The Nonfarm Payrolls presents the number of new jobs created during the previous month, excluding the agricultural sector. The US Nonfarm Payrolls will be released at 13:30 GMT, the US Average Hourly Earnings at 13:30 GMT, and Germany’s Trade Balance at 07:00 GMT.

US Average Hourly Earnings

The Average Hourly Earnings is a significant indicator of labor cost inflation and of the tightness of labor markets.

DE Trade Balance

The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit.

DE Exports

The Exports measure the local economy’s total exports of goods and services. Steady demand for exports helps to support growth in the trade surplus. Germany’s Exports will be released at 07:00 GMT, Japan’s CFTC JPY NC Net Positions at 20:30 GMT, the UK’s CFTC GBP NC Net Positions at 20:30 GMT.

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.

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.

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.