Ethereum Merger Complete, Crypto Daily TV 09/16/2022

Ethereum Merger Complete, Crypto Daily TV 09/16/2022

In today’s Headline TV CryptoDaily News:

The Ethereum merger is complete

The massive overhaul of Ethereum known as Merge has finally happened, moving the digital machinery at the core of the second-largest cryptocurrency to a far more energy-efficient system after years of development and delays.

Treasury Sanctions Pro-Russia Groups Raising Funds With Crypto

In response to the ongoing Russian invasion of Ukraine, the US Treasury Department announced today that 22 individuals and two entities linked to the Russian government were added to the Office of Foreign Assets Control (OFAC) sanctions list.

Cryptocurrency lobby group tries to weigh in on SEC vs Ripple’s XRP lawsuit

Cryptocurrency advocacy group the Chamber of Digital Commerce has sought to be an amicus curiae (friend of the court) in the lawsuit between the Securities and Exchange Commission and Ripple Labs.

BTC/USD fell 1.8% in the last session.

The Bitcoin-Dollar pair fell 1.8% in the last session. The stochastic indicator gives a positive signal towards our general technical analysis. Support is at 192591 and resistance is at 209971.

The stochastic indicator is currently in the positive zone.

ETH/USD fell 7.9% in the last session.

The Ethereum-Dollar pair fell 7.9% in the last session. The Ultimate Oscillator gives a negative signal. Support is at 1524.4967 and resistance is at 1702.7567.

The Ultimate Oscillator gives a negative signal.

XRP/USD fell 3.3% in the last session.

The Ripple-Dollar pair fell 3.3% in the last session. ROC’s negative signal is in line with the general technical analysis. Support is at 0.326 and resistance is at 0.3519.

ROC is currently in the negative zone.

LTC/USD fell 5.2% in the last session.

The Litecoin-Dollar pair rose 5.2% in the last session. RSI’s negative signal is in line with the general technical analysis. Support is at 57,061 and resistance is at 62,661.

The RSI is currently in negative territory.


Daily Financial Calendar:

UK Retail

The retail trade measures the total revenue of stores. Monthly percentage changes reflect the rate of change of such sales. UK retail sales will be released at 06:00 GMT, the Austrian HICP at 07:00 GMT and the US Michigan Consumer Sentiment Index at 14:00 GMT.

IN HICP

The HICP measures price movements or inflation that are harmonized across EU member states. It is similar to the national consumer price indices (CPIs).

US Michigan Consumer Sentiment Index

The Michigan Consumer Sentiment Index is a survey of consumer confidence in economic activity, making it an indicator of spending.

US Baker Hughes US Oil Rig Count

Baker Hughes Rig Count is an important business barometer for the drilling industry and its suppliers. Active drilling rigs use products and services produced by the oil service industry. US Baker Hughes US Oil Rig Count will be released at 17:00 GMT, Japan’s CFTC JPY NC Net Positions at 19:30 GMT, Italy’s Trade Balance EU at 08:00 GMT.

JP CFTC JPY NC net positions

The weekly Commitments of Traders (COT) report provides information on the size and direction of positions taken. The report focuses on speculative positions.

IT Trade Balance EU

The trade balance measures the net of total exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit.

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.

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