In Todays Headline TV CryptoDaily News:
FDIC pins SB’s failure on poor management
The United States Federal Deposit Insurance Corporation’s post-mortem assessment of Signature Bank revealed poor management and inadequate risk management practices as the root cause for its collapse.
Crypto tax guidance could come in 12 months
The US Internal Revenue Service hopes to issue crypto tax guidance ready “in 12-ish months,” Julie Foerster said at Consensus 2023. The digital assets project director also said the IRS is planning to change how it looks at cryptocurrency and wants to work more with the industry.
Cost to mine one Bitcoin rises to $17K in 2023
It now costs Bitcoin miners at least $17,000 to produce one BTC in the U.S. versus the $5,000-10,000 range a year ago, according to a new research. Unsurprisingly, soaring electricity rates across the U.S. states have contributed to rising Bitcoin mining costs.
BTC/USD rose 0.4% in the last session.
The last session saw Bitcoin gain 0.4% against the Dollar. The ROC is giving a positive signal, which matches our overall technical analysis. Support is at 288951 and resistance at 296331.
The ROC is giving a positive signal.
ETH fell 0.7% against USD in the last session.
The Ethereum-Dollar pair fell 0.7% in the last session. The ROC is giving a negative signal. Support is at 1873.671 and resistance at 1932.951.
The ROC is giving a negative signal.
XRP/USD dropped 0.9% in the last session.
Ripple fell 0.9% against the Dollar in the last trading session. The Stochastic-RSI is giving a positive signal. Support is at 0.4645 and resistance at 0.4934.
The Stochastic-RSI is currently in the positive zone.
LTC/USD dove 2.7% in the last session.
The Litecoin-Dollar pair plummeted 2.7% in t
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Author: Amara Khatri
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