Ethereum Has A Censorship Problem, Crypto Daily TV 7/11/2022

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=CyNc8Ae3JaI

Smarter messaging in crypto

Web3 messaging startup Dialect is rolling out tech specs to help crypto projects communicate between themselves, an effort the Solana-focused company hopes will morph into a standard for the industry.

Litecoin posts gains

Litecoin (CRYPTO: LTC) is posting significant gains, after trading below the $60 mark for several weeks. What Happened: LTC made a surprising jump, surging 32.35% over the past seven days, trading at $72.

Ethereum inches even closer to total censorship.

The minting of OFAC-compliant Ethereum blocks on a daily basis has grown to 73%, adding to the community’s growing censorship concerns.

The last session saw BTC fall 0.6% against USD.

The last session saw Bitcoin drop 0.6% against the Dollar. The Ultimate Oscillator is giving a positive signal. Support is at 209311 and resistance is at 216611.

The Ultimate Oscillator is currently in the positive zone.

ETH/USD plummeted 1.2% in the last session.

The Ethereum-Dollar pair dove 1.2% in the last session. The Ultimate Oscillator is giving a negative signal. Support is at 1597.4133 and resistance is at 1679.2133.

The Ultimate Oscillator is currently in negative territory.

XRP/USD plummeted 1.9% in the last session.

The Ripple-Dollar pair dove 1.9% in the last session. The MACD is giving a positive signal. Support is at 0.4771 and resistance is at 0.5176.

The MACD is currently in the positive zone.

LTC/USD traded sideways in the last session.

The Litecoin-Dollar pair traded sideways in the last session. According to the CCI, we are in an overbought market. Support is at 64.7967 and resistance is at 74.0167.

The CCI points to an overbought market.

Daily Economic Calendar:

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. The US 3-Month Bill Auction will be released at 15:30 GMT, the US 6-Month Bill Auction at 15:30 GMT, and the Eurozone’s Eurogroup Meeting at 00:00 GMT.

US 6-Month Bill Auction

The auction sets the average yield on the bills auctioned by US Department of Treasury. Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive.

EMU Eurogroup Meeting

Eurogroup meetings are attended by the Eurogroup President, the Finance Minister of each Member State of the Euro area, the Commissioner for economic and monetary affairs, and the President of the European Central Bank.

FI 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. Finland’s Trade Balance will be released at 07:00 GMT, Japan’s Overall Household Spending at 23:30 GMT, and Japan’s Machine Tool Orders at 06:00 GMT.

JP Overall Household Spending

The Overall Household Spending is an indicator that measures the total expenditures of households. The level of spending can be used as an indicator of consumer optimism.

JP Machine Tool Orders

The Machine Tool Orders show movements in tool orders by manufacturers. It indicates the state of the Japanese 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.