Binance To Re-Enter Japan, Crypto Daily TV 29/5/2023

ECB sums up digital euro prototyping exercise

The European Central Bank has summarized the results of its digital euro central bank digital currency prototyping exercise. The exercise investigated the offline use of a simulated digital euro with existing payment systems. The project was part of the second phase of Eurosystem preparations for a potential pilot launch of a digital euro in the fall of this year.

Gulf Binance clinches Thai regulatory approval

Gulf Binance, a joint venture between crypto exchange Binance and Gulf Energy’s innovation arm Gulf Innova, has received a digital asset operator license in Thailand. The rubber stamp from Thailand’s Ministry of Finance will allow the firm to advance plans to open a regulated crypto exchange and broker in the Southeast Asian country. 

Binance kicks off transition to new platform in Japan

After five years out of the Japanese market, crypto exchange Binance has begun establishing a new and fully regulated subsidiary in the country. The move follows the acquisition of the regulated crypto exchange Sakura Exchange Bitcoin in November 2022.

BTC/USD exploded 2.6% in the last session.

The Bitcoin-Dollar pair rose 2.6% in the last session after gaining as much as 3.1% during the session. The Stochastic indicator is giving a positive signal. Support is at 26494.3333 and Resistance is at 27112.3333.

The Stochastic indicator is currently in the positive zone.

ETH/USD skyrocketed 1.3% in the last session.

The Ethereum-Dollar pair exploded 1.3% in the last session. The Williams indicator indicates an overbought market. Support is at 1809.1433 and Resistance is at 1846.3033.

The Williams indicator is signalling an overbought market.

XRP/USD exploded 1.2% in the last session.

The Ripple-Dollar pair rose 1.2% in the last session after gaining as much as 1.7% during the session. The CCI indicates an overbought market. Support is at 0.459 and Resistance is at 0.4854.

The CCI is signalling an overbought market.

LTC/USD exploded 1.9% in the last session.

The Litecoin-Dollar pair exploded 1.9% in the last session. The Stochastic indicator is giving a negative signal. Support is at 86.2267 and Resistance is at 89.9667.

The Stochastic indicator is giving a negative signal.

Daily Economic Calendar:

FI Consumer Confidence

Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. Finland’s Consumer Confidence will be released at 05:00 GMT, Finland’s Industrial Confidence at 05:00 GMT, and the Irish Retail Sales at 10:00 GMT.

FI Industrial Confidence

Industry Confidence shows the opinion of manufacturing executives regarding production expectations, order books, and finished goods inventories.

IE Retail Sales

Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales.

JP Jobs / Applicants Ratio

The Jobs to Applicants Ratio released by the Japan Institute of Labour is obtained by dividing monthly active job openings by monthly active applications. Japan’s Jobs / Applicants Ratio will be released at 23:30 GMT, Japan’s Unemployment Rate at 23:30 GMT, the US Consumer Confidence at 14:00 GMT.

JP Unemployment Rate

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

US Consumer Confidence

The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.

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