Coinbase Not Shutting Staking Service, Crypto Daily TV 8/6/2023

In Todays Headline TV CryptoDaily News: Coinbase is not shutting down staking service Crypto exchange Coinbase will continue operating its crypto staking service despite facing lawsuits from state and federal regulators over the program and several of its other offerings, Coinbase CEO Brian Armstrong said at the Bloomberg Invest Conference. USDC issuer Circle receives digital token license in Singapore Circle has now received its Major Payment Institution license for digital payment token services in Singapore. The license issued by the Monetary Authority allows Circle Singapore to offer digital payment token services, cross-border money transfer services and domestic money transfer services in the city-state. Bitcoin, Ether trade at premiums on Binance.US Major cryptocurrencies such as bitcoin, ether and Tether’s USDT stablecoin have been trading at large premiums on Binance.US, a sign that investors are exiting the platform in light of the U.S. Securities and Exchange Commission’s actions against the company. BTC/USD dove 3.0% in the last session. The Bitcoin-Dollar pair plummeted 3.0% in the last session. The Stochastic indicator is giving a negative signal, which matches our overall technical analysis. Support is at 24705.6667 and Resistance is at 28605.6667. The Stochastic indicator is currently in negative territory. ETH/USD plummeted 2.3% in the last session. The Ethereum-Dollar pair plummeted 2.3% in the last session. The Stochastic indicator is giving a negative signal. Support is at 1765.351 and Resistance is at 1955.411. The Stochastic indicator is giving a negative signal. XRP/USD plummeted 1.0% in the last session. The Ripple-Dollar pair dove 1.0% in the last session. The Stochastic-RSI is giving a negative signal. Support is at 0.4838 and Resistance is at 0.5554. The Stochastic-RSI is currently in negative territory. LTC/USD plummeted 2.3% in the last session. The Litecoin-Dollar pair dove 2.3% in the last session. The RSI is giving a negative signal. Support is at 83.9333 and Resistance is at 94.8333. The RSI is currently in the negative zone. Daily Economic Calendar: AU Trade Balance The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit. Australia's Trade Balance will be released at 01:30 GMT, Japan's Eco Watchers Survey: Outlook at 05:00 GMT, and Japan's Eco Watchers Survey: Current at 05:00 GMT. JP Eco Watchers Survey: Outlook The Eco Watchers Survey closely monitors regional economic trends. The survey is considered basic material for assessing short-term economic trends. JP Eco Watchers Survey: Current The Eco Watchers Survey closely monitors regional economic trends. The survey is considered basic material for assessing short-term economic trends. US Continuing Jobless Claims The Counting Jobless Claims measures the number of individuals who are unemployed and are currently receiving unemployment benefits. The US Continuing Jobless Claims will be released at 12:30 GMT, the US Initial Jobless Claims at 12:30 GMT, and the Eurozone's Gross Domestic Product at 09:00 GMT. US Initial Jobless Claims The Initial Jobless Claims measure the number of people filing first-time claims for state unemployment insurance. EMU Gross Domestic Product The Gross Domestic Product measures the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health. 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.