Coinbase Wallet removes four tokens, Crypto Daily TV 12/01/2022

From Todays Headline TV CryptoDaily News:

Coinbase Wallet is ending support for certain tokens.

Coinbase Wallet will no longer support native tokens associated with Bitcoin Cash, Ethereum Classic, Ripple’s XRP, and Stellar, starting Dec. 5, according to an update on the crypto exchange’s website.

Brazil legalizes crypto as a means of payment.

Brazil didn’t designate Bitcoin as legal tender, but it did the next best thing: it passed a law legalizing cryptocurrencies as a means of payment across the country, giving a regulatory boost to adoption. digital currencies and the expansion of the ecosystem.

Binance enters the Japanese market.

Binance has purchased Sakura Exchange BitCoin, a Japanese crypto exchange regulated by the country’s Financial Services Agency, for an undisclosed sum. With this acquisition, the world’s largest crypto exchange entered the Japanese market, adding it to the now large list of countries with some degree of regulatory clearance.

BTC/USD exploded 4.1% in the last session.

The Bitcoin-Dollar pair exploded 4.1% in the last session. The CCI indicates an overbought market. Support is at 15928.6667 and resistance is at 16798.6667.

The CCI points to an overbought market.

ETH/USD soared 6.6% in the last session.

The Ethereum-Dollar pair exploded 6.6% in the last session. The CCI indicates an overbought market. Support is at 1134.21 and resistance is at 1267.661.

The CCI signals an overbought market.

XRP/USD soared 2.8% in the last session.

The Ripple-Dollar pair gained 2.8% in the last session after rising 3.2% during the session. The ROC gives a positive signal. Support is at 0.3748 and resistance at 0.415.

The ROC is currently in the positive zone.

LTC/USD exploded 3.3% in the last session.

The Litecoin-Dollar pair exploded 3.3% in the last session. The MACD gives a positive signal. Support is at 71.551 and resistance is at 79.731.

The MACD is currently in positive territory.

Daily economic calendar:

JP 10-Year Bond Auction

The auction sets the average yield of the bonds auctioned. Yields are set by investors in the bond market and can therefore be used to estimate investors’ outlook on future interest rates. Japan’s 10-year bond auction will be released at 03:35 GMT, US initial jobless claims at 13:30 GMT and German retail sales at 07:00 GMT.

Initial unemployment claims in the United States

Initial unemployment claims measure the number of people filing a first claim for state unemployment insurance.

DE Retail sales

Retail sales measures the total revenue of retail stores. The monthly percentage changes reflect the rate of change in these sales.

Netherlands Markit Manufacturing PMI

The Manufacturing Purchasing Managers Index (PMI) captures economic conditions in the manufacturing sector. The Dutch Markit manufacturing PMI will be released at 08:00 GMT, the UK 30-year bond auction at 10:30 GMT and the Japanese Jibun Bank manufacturing PMI at 00:30 GMT.

British 30-year bond auction

The auction sets the average yield of the bonds auctioned. Yields are set by investors in the bond market and can therefore be used to estimate investors’ outlook on future interest rates.

JP Jibun Bank Manufacturing PMI

Jibun Bank’s manufacturing PMI gives a first look at the health of Japan’s manufacturing sector.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended for use as legal, tax, investment, financial or other advice.

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