On the macroeconomic front, things will be relatively quiet to start the week, although on Monday the Institute of Supply Management released a survey showing that manufacturing in the U.S. slowed down in June. Construction spending declined by 1.1% in June from May, missing estimates. The purchasing managers index, however, exceeded estimates with a reading of 52.8. A reading above 50 indicates that manufacturing is expanding, and a reading below 50 indicates that manufacturing is contracting. Source link

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What really makes a successful revolution? Passions aroused could fuel disruptions and likewise, help their overall agenda. Well, for the cryptocurrency community, the agenda is decentralisation, thereby employing P2P (peer-to-peer) technology. However, one such cryptocurrency known for its privacy-oriented features saw its supporters revolt for a cause. Whatever it takes Monero is currently the market’s largest privacy coin, in terms of market valuation, with a $2.8 billion… Source link

What really makes a successful revolution? Passions aroused could fuel disruptions and likewise, help their overall agenda. Well, for the cryptocurrency community, the agenda is decentralisation, thereby employing P2P (peer-to-peer) technology. However, one such cryptocurrency known for its privacy-oriented features saw its supporters revolt for a cause. Whatever it takes Monero is currently the market’s largest privacy coin, in terms of market valuation, with a $2.8 billion… Source link

Bitcoin (BTC) tested $23,000 as support on the Aug. 1 Wall Street open with key moving averages in focus.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 200-week moving average gets big attention Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as bulls and bears battled for control amid a tight trading range. Bitcoin had inspired with its highest weekly close since mid-June the day prior, with its monthly candle also producing the biggest gains since before… Source link

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