Samsung To Launch Crypto Exchange, Crypto Daily TV 23/08/2022

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=E39v6Ftjcgw

Australia’s government signals its crypto regulation stance.

Australia’s new government has signaled its first moves to regulate the crypto industry, with a “token mapping” exercise to be conducted by the Treasury by the end of the year.

Samsung to launch a crypto exchange in South Korea.

South Korean multinational manufacturing conglomerate Samsung is working on a crypto exchange in the country along with the other Korea Financial Investment Association members.

Ethereum miners will have few options after the Merge.

There are two options on the table for miners: Mine other GPU-compatible coins like Ethereum Classic, or mine a proposed Ethereum fork that will maintain proof-of-work.

Unfortunately for ETH miners, neither will furnish them with the cash flows that they have garnered on Ethereum.

BTC/USD plummeted 1.6% in the last session.

The Bitcoin-Dollar pair dove 1.6% in the last session. According to the Ultimate Oscillator, we are in an oversold market. Support is at 20756.9333 and resistance at 22149.3873.

The Ultimate Oscillator is signalling an oversold market.

ETH/USD plummeted 2.9% in the last session.

The Ethereum-Dollar pair dove 2.9% in the last session. The CCI indicates an oversold market. Support is at 1528.0567 and resistance at 1689.9567.

The CCI points to an oversold market.

XRP/USD dove 2.7% in the last session.

The Ripple-Dollar pair dove 2.7% in the last session. The Stochastic indicator’s negative signal is in line with the overall technical analysis. Support is at 0.33 and resistance at 0.3558.

The Stochastic indicator is currently in the negative zone.

LTC/USD skyrocketed 1.7% in the last session.

The Litecoin-Dollar pair skyrocketed 1.7% in the last session. The CCI indicates an oversold market. Support is at 52.9933 and resistance at 57.3133.

The CCI points to an oversold market.

Daily Economic Calendar:

US New Home Sales

The number of New Home Sales is an important measure of housing market conditions. A high reading indicates a stronger economic outlook and consumer sentiment. The US New Home Sales will be released at 14:00 GMT, the US Redbook Index at 12:55 GMT, Finland’s Unemployment Rate at 05:00 GMT.

US Redbook Index

The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers.

FI Unemployment Rate

The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market.

EMU Consumer Confidence

The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. The Eurozone’s Consumer Confidence will be released at 14:00 GMT, Japan’s Jibun Bank Manufacturing PMI at 00:30 GMT, Japan’s Jibun Bank Services PMI at 00:30 GMT.

JP Jibun Bank Manufacturing PMI

The Jibun Bank Manufacturing PMI gives an early snapshot of the health of the Japanese manufacturing sector.

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.

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.