Hodlnaut Granted Creditor Protection, Crypto Daily TV 31/08/2022


In Todays Headline TV CryptoDaily News:

Crypto lender Hodlnaut granted creditor protection by Singapore Court.

Crypto lender Hodlnaut said it has been placed under interim judicial management by the Singapore High Court, after the troubled cryptocurrency lender suspended withdrawals earlier this month. Judicial management allows a financially distressed company to be restructured under court supervision.

3 reasons why Ethereum PoW hard fork tokens won’t gain traction

A lack of oracle support, most DApps supporting the Merge and Ethereum Classic’s low developer activity means PoW hard forks will fizzle.

Iran allows crypto use for imports to circumvent sanctions.

Iran has introduced a new law that will allow businesses to use crypto for import transactions and thereby circumvent some sanctions imposed by the United States over its nuclear program.

BTC/USD dove 1.6% in the last session.

The Bitcoin-Dollar pair fell 1.6% in the last session after gaining as much as 1.3% during the session. The Williams indicator indicates an oversold market. Support is at 19249.7453 and resistance at 20941.1273.

The Williams indicator points to an oversold market.

ETH/USD remained largely unchanged in the last session.

The Ethereum-Dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 1377.2467 and resistance at 1647.0067.

The Ultimate Oscillator is giving a positive signal.

XRP/USD dove 1.7% in the last session.

The Ripple-Dollar pair plummeted 1.7% in the last session. The MACD is giving a negative signal, which matches our overall technical analysis. Support is at 0.3135 and resistance at 0.3442.

The MACD is currently in the negative zone.

LTC/USD dove 4.1% in the last session.

The Litecoin-Dollar pair dove 4.1% in the last session. The Stochastic-RSI’s positive signal contradicts our overall technical analysis. Support is at 50.9267 and resistance at 59.1267.

The Stochastic-RSI is currently in the positive zone.

Daily Economic Calendar:

JP Annualized Housing Starts

The Annualized Housing Starts captures how many new single-family homes or buildings were constructed on an annualized basis. It is a key indicator of the housing market. Japan’s Annualized Housing Starts will be released at 05:00 GMT, the US Chicago Purchasing Managers’ Index at 13:45 GMT, Germany’s Unemployment Change at 07:55 GMT.

US Chicago PMI

The Chicago Purchasing Managers Index released by ISM-Chicago captures the business conditions across Illinois, Indiana and Michigan.

DE Unemployment Change

The Unemployment Change is a measure of the absolute change in the number of unemployed people using seasonally adjusted data. A rise in this indicator has negative implications for consumer spending.

US ADP Employment Change

The ADP Employment Change is a measure of the change in the number of employed people in the US, making it an indicator of the labour market. The US ADP Employment Change will be released at 12:15 GMT, Germany’s Unemployment Rate at 07:55 GMT, Australia’s Construction Work Done at 01:30 GMT.

DE Unemployment Rate

The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market.

AU Construction Work Done

The Construction Work Done measures the amount of construction work done in the last month. It is a key indicator of the Australian construction sector.

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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