Will FTX Pay Back Their Users? Crypto Daily TV 16/11/2022

In Todays Headline TV CryptoDaily News:

Investors await recovery fund details.

Cryptocurrencies pushed higher as investors awaited more details about an industry recovery fund promised by Binance Holdings Ltd.’s Chief Executive Officer Changpeng ‘CZ’ Zhao.

Ripple urges UK to craft ‘bespoke regulatory framework’ for crypto.

Ripple is hoping to make inroads with politicians in the UK amid its ongoing dispute with the SEC in the United States. The firm has issued a new regulatory whitepaper ahead of expected revisions to the UK’s Financial Markets and Services Bill, which is set to define the nation’s crypto regulation framework.

How much customers get back from FTX?

As the dust settles from one of the most shocking financial implosions in history, one of the key unknowns is how much customers who can’t access their money expect to get back from FTX, the crypto exchange that filed for bankruptcy last week.

BTC/USD skyrocketed 1.4% in the last session.

The Bitcoin-Dollar pair skyrocketed 1.4% in the last session. The CCI is giving a positive signal against our overall technical analysis. Support is at 151891 and resistance is at 179071.

The CCI is currently in the positive zone.

ETH/USD pair gained a moderate 0.1% in the last session.

Ethereum got a slight bump of 0.1% against the Dollar in the last session. The CCI is giving a positive signal. Support is at 1122.0567 and resistance is at 1349.2567.

The CCI is currently in the positive zone.

XRP/USD skyrocketed 2.6% in the last session.

The Ripple-Dollar pair exploded by 2.6% in the last session. The ROC gives a positive signal. Support is at 0.3016 and resistance is at 0.4175.

The ROC is currently in positive territory.

LTC/USD exploded 1.8% in the last session.

The Litecoin-Dollar pair exploded 1.8% in the last session. The ROC is giving a positive signal. Support is at 50.9067 and resistance is at 62.0267.

The ROC is giving a positive signal.

Daily Economic Calendar:

UK Core Consumer Price Index

The Core Consumer Price Index (CPI) measures the changes in the prices of goods and services, excluding food and energy. The UK’s Core Consumer Price Index will be released at 07:00 GMT, the UK’s Consumer Price Index at 07:00 GMT, Japan’s Exports at 23:50 GMT.

UK Consumer Price Index

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

JP Exports

The Exports measure of the total exports of goods and services by the local economy. A steady demand for exports helps to support growth in the trade surplus.

JP Imports

Imports of goods and services consist of transactions in goods and services (purchases, barter, gifts or grants) from non-residents to residents.  Japan’s Imports will be released at 23:50 GMT, the US MBA Mortgage Applications at 12:00 GMT, the US Retail Sales at 13:30 GMT.

US MBA Mortgage Applications

The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered as a leading indicator of the U.S Housing Market.

US Retail Sales

The Retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales.

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.