Israel Working On Stablecoin Regulation, Crypto Daily TV 23/2/202

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In Todays Headline TV CryptoDaily News:

Israel’s central bank proposes rules for stablecoins.

The Bank of Israel published principles for regulating stablecoin activity in the country, which lays out the central bank’s recommendations for supervising crypto linked to the value of other assets like the U.S. dollar.

Crypto miner Hive Blockchain posts wider losses.

Vancouver-based cryptocurrency mining firm Hive Blockchain Technologies Ltd. reported bigger losses in its latest quarterly earnings report, mainly due to Ethereum’s Merge and lower Bitcoin prices.

Binance shifts to ‘semi-automated’ process to manage reserves of tokens it issues.

Binance is moving to a “semi-automated” process for managing the reserves of tokens it issues after years in which reserves were mixed with customer funds and at least one major stablecoin, Binance-peg BUSD, was not always fully backed, according to a report.

BTC/USD dove 2.7% in the last session.

The Bitcoin-Dollar pair plummeted 2.7% in the last session. The Williams indicator is giving a negative signal. Support is at 23614.6667 and resistance at 25584.6667.

The Williams indicator is currently in the negative zone.

ETH/USD dove 2.3% in the last session.

The Ethereum-Dollar pair plummeted 2.3% in the last session. The ROC is giving a negative signal. Support is at 1591.7233 and resistance at 1750.2233.

The ROC is giving a negative signal. 

XRP/USD gained 0.3% in the last session.

The Ripple gained 0.3% against the Dollar in the last session. The Ultimate Oscillator is giving a negative signal. Support is at 0.3792 and resistance at 0.4082.

The Ultimate Oscillator is giving a negative signal.

LTC/USD traded sideways in the last session.

The Litecoin-Dollar pair traded sideways in the last session. The RSI is giving a negative signal. Support is at 89.1233 and resistance at 99.1033.

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The RSI is currently in negative territory.

Daily Economic Calendar:

US Gross Domestic Product Annualized

The Gross Domestic Product Annualized shows the annualized monetary value of all the goods, services and structures produced within a country. The US Gross Domestic Product Annualized will be released at 13:30 GMT, the US Chicago Fed National Activity Index at 13:30 GMT, the Austrian HICP at 08:00 GMT.

US Chicago Fed National Activity Index

The Chicago Fed National Activity Index, released by Federal Reserve Bank of Chicago, is a monthly index designed to gauge overall economic activity and related inflationary pressure.

AT HICP

The HICP is a measure of price movements or inflation harmonized across EU Member States. It is similar to the national Consumer Price Indices (CPI).

EMU Harmonized Index of Consumer Prices

The HICP is a measure of price movements or inflation harmonized across EU Member States. It is similar to the national Consumer Price Indices (CPI). The Eurozone’s Harmonized Index of Consumer Prices will be released at 10:00 GMT, Japan’s National Consumer Price Index at 23:30 GMT, Japan’s Foreign Bond Investment at 23:50 GMT.

JP National Consumer Price Index

The National Consumer Price Index is a measure of price movements obtained by comparing the retail prices of a representative shopping basket of goods and services.

JP Foreign Bond Investment

The Foreign Bond Investment refers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency.

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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Source: ryptodaily.co.uk

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