February 3, 2023

In today’s Headline TV CryptoDaily News:

Crypto lender Nexo to leave the United States

UK-based crypto lender Nexo said on Monday it will phase out its US products and services over the coming months due to clashes with regulators.

Genesis Creditor Groups loans total $1.8 billion.

Clients whose funds have been locked up on trading and lending platform Genesis and who have taken legal advice on the matter currently account for about $1.8 billion in loans, according to a person familiar with the situation. And that number seems to be growing.

Jobs cut again at Bybit.

Crypto exchange Bybit will face another round of job cuts as it attempts to refocus its operations amid a “deeper bear market,” CEO Ben Zhou announced. A screenshot of a post where Zhou said the layoffs would affect 30% of staff, taken from the company’s internal messaging platform, floated around Telegram group chats on the same day.

BTC fell 0.9% against the USD during the last session.

The Bitcoin-Dollar pair fell 0.9% in the last session. The stochastic indicator gives a negative signal. Support is at 167581 and resistance at 173841.

The stochastic indicator is currently in the negative zone.

ETH/USD fell 1.6% in the last session.

The Ethereum-Dollar pair plunged 1.6% in the last session. The Ultimate Oscillator gives a positive signal. Support is at 1223.931 and resistance at 1312.091.

The Ultimate Oscillator is currently in the positive zone.

XRP/USD made a small downside correction of 0.1%.

The Ripple-Dollar pair corrected downwards in the last session, dropping 0.1%. The negative signal from the Williams indicator is consistent with the overall technical analysis.

The Williams indicator is giving a negative signal.

LTC/USD exploded 3.8% in the last session.

The Litecoin-Dollar pair gained 3.8% in the last session after rising as much as 8.9% during the session. The positive signal from the ROC is consistent with the overall technical analysis. Support is at 75.1433 and resistance at 78.4433.

The ROC is currently in positive territory.

Daily economic calendar:

US API Weekly crude oil inventory

The API’s Weekly Statistical Bulletin reports general US and regional data related to refinery activity and production of the four major petroleum products. The US API Weekly Crude Oil Stock will be released at 21:30 GMT, the Australian RBA interest rate decision at 03:30 GMT and the Eurozone EcoFin Meeting at 07:00 GMT.

AU RBA Interest Rate Decision

The RBA rate decision is announced by the Reserve Bank of Australia. Interest rates are an important mechanism by which the central bank influences inflation.

EMU EcoFin meeting

The Economic and Financial Affairs Council, the main decision-making body of the Council of the European Union, is made up of the finance ministers of the 27 member states of the European Union.

UK BRC Like-For-Like Retail Sales

The British Retail Consortium Like-For-Like Retail Sales measures changes in the true value of participating companies’ retail sales with invaluable management information on a regular and reliable basis. The UK’s BRC Like-For-Like Retail Sales are released at 00:01 GMT, Australia’s RBA Rate Statement at 03:30 GMT and Japan’s JP Foreign Reserves at 23:50 GMT.

AU RBA Rate Statement

Decisions regarding interest rates are made by the Reserve Bank Board and are explained in a press release announcing the decision after each meeting.

JP Foreign Reserves

Foreign reserves are the total of a country’s gold reserves and convertible foreign currency held by its central bank.

Disclaimer: This article is 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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