BOB Drops After Elon Musk Callout, Crypto Daily TV 20/6/2023

UK crypto, stablecoin laws approved by Parliament

UK parliamentarians have voted through a new bill that could recognize crypto as a regulated activity in the country. The approval of the Financial Services and Markets Bill by Parliament’s upper chamber, the House of Lords, means the bill is going to enter the final stages before it is put into law.

BOB coin prices slide

Prices of meme coin BOB slid as much as 45% as its popular automated Twitter bot was suspended after the social media giant’s owner Elon Musk called the account a “scam.”

Binance UK subsidiary cancels unused FCA permissions

The UK subsidiary of the world’s largest crypto exchange has canceled its registration with the Financial Conduct Authority. Binance’s deregistration with the FCA did not have an operational impact, as it had never done business in the United Kingdom, the firm said.

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. Support is at 26035.3333 and resistance at 26873.3333.

The CCI is currently in the positive zone.

ETH/USD gained 0.5% in the last session.

The Ethereum-Dollar pair gained 0.5% in the last session after rising as much as 1.6% during the session. The CCI is giving a positive signal. Support is at 1697.3267 and resistance at 1758.1467.

The CCI is giving a positive signal.

XRP/USD skyrocketed 1.4% in the last session.

The Ripple-Dollar pair skyrocketed 1.4% in the last session. The Ultimate Oscillator is giving a negative signal. Support is at 0.4644 and resistance at 0.5087.

The Ultimate Oscillator is currently in the negative zone.

LTC/USD rose 0.3% in the last session.

The Litecoin-Dollar pair gained 0.3% in the last session. The MACD is giving a negative signal. Support is at 75.31 and resistance at 79.41.

The MACD is currently in the negative zone.

Daily Economic Calendar:

AU RBA Meeting Minutes

The minutes of the Reserve Bank of Australia meetings give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. Australia’s RBA Meeting Minutes will be released at 01:30 GMT, Finland’s Unemployment Rate at 06:00 GMT, and Japan’s Capacity Utilization at 04:30 GMT.

FI Unemployment Rate

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

JP Capacity Utilization

Capacity Utilization is the percentage of production capacity that is actually used over a short time period. It is indicative of overall growth and demand.

DE Producer Price Index

The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all states of processing. Germany’s Producer Price Index will be released at 06:00 GMT, the US Housing Starts at 12:30 GMT, and the US Redbook Index at 12:55 GMT.

US Housing Starts

The Housing Starts captures how many new single-family homes or buildings were constructed. It is a key indicator of the housing market.

US Redbook Index

The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers.

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.