Quadriga Users To Get 13% Of Claim, Crypto Daily TV 15/5/2023

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Quadriga CX bankruptcy claimers to get 13% on the dollar

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Former users of the bankrupt Canadian crypto exchange Quadriga CX will soon get a check for 13% of their claim, according to a notice to creditors published late Friday by accounting giant EY.

Binance announces exit from Canada

Crypto exchange Binance has announced that it would cease operations in Canada, citing the challenging regulatory environment. The world’s largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit.

BTC miner Rhodium faces lawsuit

Crypto mining firm Riot Platforms — formerly Riot Blockchain — has taken legal action against Texas-based Bitcoin miner Rhodium Enterprises to recover “more than $26 million” in alleged unpaid mining facility fees

BTC/USD gained 0.6% in the last session.

The Bitcoin-Dollar pair rose 0.6% in the last session after gaining as much as 1.5% during the session. The RSI is giving a negative signal. Support is at 265041 and resistance is at 272081.

The RSI is currently in the negative zone.

The Ethereum-Dollar pair gained a moderate 0.2% in the last session.

The Ethereum-Dollar pair gained 0.2% in the last session after rising as much as 1.5% during the session. The CCI is giving a positive signal. Support is at 1770.1967 and resistance is at 1827.0367.

The CCI is currently in the positive zone.

XRP/USD gained 0.3% in the last session.

The Ripple-Dollar pair rose 0.3% in the last session after gaining as much as 1.8% during the session. The CCI is giving a positive signal. Support is at 0.4187 and resistance is at 0.4331.

The CCI is currently in the positive zone.

LTC/USD exploded 3.0% in the last session.

The Litecoin-Dollar pair exploded 3.0% in the last session. The CCI is giving a positive signal. Support is at 79.3967, and resistance is at 81.4967.

The CCI is currently in the positive zone.

Daily Economic Calendar:

US Total Net TIC Flows

The Total Net Treasury International Capital (TIC) Flows show in and out flows of financial resources. The US Total Net TIC Flows will be released at 20:00 GMT, the Eurozone's Industrial Production at 09:00 GMT, the US 6-Month Bill Auction at 15:30 GMT.

EMU Industrial Production

Industry is a basic category of business activity. Changes in the volume of the physical output of the nation's factories, mines, and utilities are measured by the index of the industrial production.

US 6-Month Bill Auction

The auction sets the average yield on the bills auctioned by the US Department of Treasury. Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive.

JP Machine Tool Orders

The Machine Tool Orders show movements in tool orders by manufacturers. It indicates the state of the Japanese economy. Japan's Machine Tool Orders will be released at 06:00 GMT, the Eurozone's Eurogroup Meeting at 07:00 GMT, and the US 3-Month Bill Auction at 15:30 GMT.

EMU Eurogroup Meeting

Eurogroup meetings are attended by the Eurogroup President, the Finance Minister of each Member State of the Euro area, the Commissioner for economic and monetary affairs, and the President of the European Central Bank.

US 3-Month Bill Auction

Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive by holding the bond until maturity.

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.

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