Binance BUSD Suffers $500M Outflow, Crypto Daily TV 29/3/2023
Market Musing-g

Binance BUSD Suffers $500M Outflow, Crypto Daily TV 29/3/2023

4m
1 year ago

In Todays Headline TV CryptoDaily News: EU Lawmakers vote in favor of payment limits on anonymous crypto wallets. Lawmakers on two key committees in the European Parliament have voted in favor of imposing limits on payments by unverified crypto users, as part of a large scale ov...

Binance BUSD Suffers $500M Outflow, Crypto Daily TV 29/3/2023
In Todays Headline TV CryptoDaily News:

EU Lawmakers vote in favor of payment limits on anonymous crypto wallets.

Lawmakers on two key committees in the European Parliament have voted in favor of imposing limits on payments by unverified crypto users, as part of a large scale overhaul of money laundering laws. The plans, considered alongside measures to forbid businesses from accepting large cash payments and create a new European Union Anti-Money Laundering Agency.

CFTC could force Binance to cease U.S. operations.

The U.S. Commodity Futures Trading Commission could require Binance to cease operations in the U.S. as part of a potential settlement. The regulator sued the crypto exchange and its founder Changpeng Zhao for allowing U.S. citizens to trade derivatives and for willful evasion of the country’s laws.

Binance's BUSD stablecoin suffers $500M outflow.

Binance USD, a stablecoin pegged to the U.S. dollar, endured over $500 million in outflows in the roughly 24 hours since a U.S. lawsuit was filed against Binance and CEO Changpeng Zhao, data shows.

BTC/USD gained 0.5% in the last session.

The Bitcoin gained 0.5% against the Dollar in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 25747.6667 and resistance at 28717.6667.

The Ultimate Oscillator is currently in the positive zone.

ETH/USD skyrocketed 3.4% in the last session.

The Ethereum-Dollar pair skyrocketed 3.4% in the last session. The MACD is giving a negative signal, going against our overall technical analysis. Support is at 1640.0567 and resistance at 1817.3367.

The MACD is currently in the negative zone.

XRP/USD exploded 9.9% in the last session.

The Ripple-Dollar pair rose 9.9% in the last session after gaining as much as 10.8% during the session. The MACD is giving a positive signal, which matches our overall technical analysis. Support is at 0.4237 and resistance at 0.5164.

The MACD is currently in the positive zone.

LTC dropped 0.8% against USD in the last session.

The Litecoin fell 0.8% against the Dollar in the last trading session. The ROC is giving a negative signal. Support is at 84.3267 and resistance at 96.1667.

The ROC is giving a negative signal.

Daily Economic Calendar:

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. The US MBA Mortgage Applications will be released at 11:00 GMT, the US EIA Crude Oil Stocks Change at 14:30 GMT, Germany's Gfk Consumer Confidence Survey at 06:00 GMT.

US EIA Crude Oil Stocks Change

The EIA Crude Oil stockpiles report is a weekly measure of the change in the number of barrels in stock of crude oil and its derivates, released by the Energy Information Administration. 

DE Gfk Consumer Confidence Survey

The GfK Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity, making it an indicator of consumer spending.

FR Consumer Confidence

The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.  The French Consumer Confidence will be released at 06:45 GMT, Japan's Foreign Bond Investment at 23:50 GMT, Japan's Foreign Investment in Japan Stocks at 23:50 GMT.

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.

JP Foreign Investment in Japanese Stocks

Securities investment referrers 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.

0 people liked this article