Russia bans paying for things with crypto or NFTs.
Last week, Russian President Vladimir Putin signed into law a ban on all digital payments in the country, a far-reaching move that heralds a shift in how cryptocurrencies and blockchain-based payments are carried out in the country.
Will it be worth it?
The lawsuit between the SEC and Ripple has been active for over 2 years now. The CEO, Garlinghouse, recently shared that Ripple will have spent more than $100M on the lawsuit with SEC till it gets over.
Ethereum targets Sept. 19 for GPU-based mining switch.
“The developers behind Ethereum remain confident the cryptocurrency will phase out GPU-based mining soon,but it won’t occur next month as originally thought. Instead, the Ethereum community is targeting the week of Sept. 19 as a “potential” date to kick off The Merge.”
BTC/USD skyrocketed 5.5% in the last session.
The Bitcoin-Dollar pair exploded 5.5% in the last session. The MACD is giving a positive signal. Support is at 20151 and resistance at 21981
The MACD is giving a positive signal.
ETH/USD exploded 10.2% in the last session.
The Ethereum-Dollar pair gained 10.2% in the last session after rising as much as 14.1% during the session. The Stochastic-RSI indicates an overbought market. Support is at 1286.6667 and resistance at 1410.9067.
The Stochastic-RSI is signalling an overbought market.
XRP/USD exploded 4.4% in the last session.
The Ripple-Dollar pair exploded 4.4% in the last session. The Stochastic indicator gives a positive signal. Support is at 0.3303 and resistance at 0.3678.
The Stochastic indicator is currently in positive territory.
LTC/USD skyrocketed 2.4% in the last session
The Litecoin-Dollar pair gained 2.4% in the last session after rising as much as 6.3% during the session. The RSI is giving a positive signal. Support is at 53.1867 and resistance at 58.2667.
The RSI is currently in positive territory.
Daily Economic Calendar:
UK Claimant Count Change
The Claimant Count Change presents the change in the number of unemployed people in the UK. The UK’s Claimant Count Change will be released at 06:00 GMT, the UK’s ILO Unemployment Rate at 06:00 GMT, the Eurozone’s Construction Output at 09:00 GMT.
UK ILO Unemployment Rate
The ILO Unemployment Rate is the number of unemployed workers divided by the total civilian labor force.
EMU Construction Output
The Construction Output report captures the construction industry’s output, in both the private and public sectors.
US Redbook Index
The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers. The US Redbook Index will be released at 12:55 GMT, Australia’s RBA Meeting Minutes at 01:30 GMT, the US Housing Starts at 12:30 GMT.
AU RBA Meeting Minutes
The minutes of the Reserve Bank of Australia meetings give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee.
US Housing Starts
The Housing Starts captures how many new single-family homes or buildings were constructed. It is a key indicator of the housing market.
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.
Source: https://cryptodaily.co.uk/2022/07/crypto-daily-daily-crypto-and-financial-news-19072022-ethereum-merge-happening-on-september-19