Ether (ETH) bulls like a positive spread between its spot and ETH futures prices because the so-called contango reflects optimism about a higher rate in the future. But as of Aug. 1, the Ethereum futures curve slid in the opposite direction. Ethereum quarterly futures in backwardation On the daily chart, Ethereum futures quarterly contracts, scheduled to expire in December 2022, have slipped into backwardation, a condition opposite to contango, wherein the futures price becomes lower than… Source link

Litecoin has always been an asset that neither shines too brightly nor does it disappear after a while. Just existing in the background, LTC has managed to sustain itself through the changing markets and demand of the investors. This is how today, it is beginning to garner more attention from investors. Litecoin adds more to the list Although this year did not start with a bang and only worsened as time went by, LTC still managed to amass investors. In fact, more people joined the network… Source link

Text size Crypto prices have rallied over the past month. Dreamstime Bitcoin and… Source link

Ethereum is in the final stages of its consensus mechanism shift, and the mining process would become redundant post the Merge, eliminating miners from the ecosystem. For now, it seems like The Merge is on track to take place in September. Quite recently, Tim Beiko, the lead developer at Ethereum, shared details about the final testing phase of the upgrade. As outlined in a recent article, for the last testnet PoS transition, Ethereum’s Goerli will merge with Prater, and the same is… Source link

Ibiam Wayas Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills. Source link

“There’s a lot of pent-up buying pressure in risk assets, including crypto,” analysts at crypto options platform Genesis Volatility wrote in Sunday’s edition of the market analytics note. “Stock FANG charts look like they could explode higher and crypto could do the same,” they wrote, referring to Facebook, Apple, Netflix and Google. Source link

According to the data available on The Block, Bitcoin (BTC) miners generated $555 million in revenue in July 2022. On the other hand, in June 2022, BTC miners generated $667 million in revenue. This indicates more than a hundred million dollar drop in Bitcoin mining revenue or a 16.7% decrease. In July, miner revenue was at its lowest. On July 31st, the number stood at 22.797 million. July also witnessed the lowest point in miner revenue at 13.929 on the 13th of July. Source:

Several Monero community members pointed out that MINEXMR was dangerously close to a 51 percent attack on the Monero network. The top three XMR mining pools have concentrated more than 80 percent of the total global hash power of Monero. Privacy blockchain network Monero could see a major change this month in terms of miner contribution. Monero’s largest mining pool, MINEXMR, announced a shutdown… Source link

Bitcoin (BTC) starts a new week and a new month on a cautiously positive footing after protecting crucial levels. After an intense July in which macro factors provided significant volatility, BTC price action managed to provide both a weekly and monthly candle favoring the bulls. The road to some form of recovery continues, and at some points in recent weeks, it seemed like Bitcoin would suffer even harder on the back of June’s 40% losses. Now, however, there is already a sense of optimism… Source link

Fidelity’s lead macro strategist Jurrien Timmer says that Bitcoin (BTC) and Ethereum (ETH) have reached a point where they are likely impervious to competition. In an interview with Raoul Pal on Real Vision, Timmer compares Bitcoin and Ethereum to US tech giant Apple and its massive presence and dominance over its industry. “Per Metcalfe’s law, the bigger the network gets, the more exponentially the valuation of that network becomes. And I’ve used the example of Apple… Source link