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Analysts have called for a U.S. recession all year, but stocks continue to creep higher. Here are three metrics investors can watch to know if an economic downturn is coming. Inflation came down a lot faster than most investor s and analysts anticipated, reaching 3% in June. The recession that most analysts predicted is nowhere to be seen, according to the 3.6% unemployment rate nearing a 50-year low and the S&P 500 Index showing a 19% gain year-to-date. While the current market performance may lead investor s to believe that a recession has been avoided, there are three metrics that have been able to consistently predict recession s over time. These leading economic indicator s are key economic variables that tend to move ahead of changes in overall economic activity, providing an early warning system for changes in the business cycle. Let’s dig into three of these indicator s and explain how investor s can interpret them. Yield curve inversion The yield curve represents th

Bitcoin’s price consolidation is giving altcoin traders confidence that DOGE, MKR, OP and XDC could break out. Bitcoin has been stuck in a narrow range for the past several days. A minor positive is that the range has formed near the recent local high. This suggests that the bulls are not rushing to the exit as they anticipate another leg higher. Bitcoin’s consolidation has pulled its market dominance to 48% from over 50% on June 30. This shows that market participants have been gradually shifting their focus to select altcoins rather than bitcoin, which are starting to move up. However, an altcoin recovery is likely to remain in place only until Bitcoin shows strength. If Bitcoin turns down sharply, the possibility of a sell-off in altcoins remains high. While select altcoins provide trading opportunities, cryptocurrency traders should be careful and keep a close watch on Bitcoin’s price action. What are the important support and resistance levels to watch out

A joint  report  released on July 29 by Ripple and the US Faster Payments Council shows that blockchain technology could save financial institutions roughly $10 billion in cross-border payment expenses by 2030.  A survey of 300 finance professionals from 45 countries, including those in fintech, banking, media, consumer technology, and retail, revealed that blockchain technology would play a significant role in speeding up payment systems, reducing cross-border payment costs, and enhancing their velocity within the next three years, as reported by the professionals surveyed. Results show that global payments leaders are dissatisfied with legacy rails for cross-border payments. Learn why 97% believe # blockchain and #crypto will transform the way money moves in our latest whitepaper with @Faster_Payments. https://t.co/qacuAAzZrR pic.twitter.com/ForjM05Wbb — Ripple (@Ripple) July 28, 2023 Meanwhile, a recent report from Juniper Research confirms that banks choosing to integra

Oracles enable value, but they are also susceptible to value manipulation; co-founders of Cosmos-based Seda discuss their benefits and how to prevent pitfalls. The year 2022 was not a very good year for Cosmos and its vision of inter-block chain communications (IBC). The collapse of the Terra Luna ecosystem (the biggest protocol on Cosmos at the time), tension between co -founders and a fall in the token’s price all cast a shadow on its future prospects. That said, projects such as dYdX and cross- chain oracle protocol Seda continue to call the network home and are adamant about its IBC vision. Currently, Seda says it enables over 12 million data feeds across 24 networks. In an interview with Cointelegraph at EthCC Paris, Jasper de Gooijer and Peter Mitchell, co-founders of the Seda protocol (formerly known as Flux), discussed the importance of oracles in cross-chain bridges and how they protect the value they enable. Cointelegraph: How do oracles add value to IBC?  Jasper de Goo

Preliminary outcomes from countries where central bank digital currencies (CBDCs) have been introduced show mixed results. Despite widespread exploration and a handful of launched projects, CBDCs are yet to achieve global adoption.  According to an Atlantic Council report, 130 countries and currency unions are exploring CBDCs, with 11 nations having launched their digital currencies.  Сountries launched, testing or developing CBDCs, as of July 2023 | Data source: Atlantic Council This rapid pace of exploration is a significant increase from May 2020, when only 35 countries were considering a CBDC. Now, 64 countries are in an advanced exploration phase, including development, pilot, or launch. The European Central Bank (ECB) is on track to pilot its digital euro, while Australia, Thailand, Russia, and several other nations are continuing their pilot testing. In contrast, the United States’ progress on retail CBDC has somewhat stalled, but it’s forging ahead with wholesale CBDC deve

Presales have always been the best time for investors to bag their portfolios with potential-filled projects. Since its presale debut, VC Spectra (SPCT) has captured the attention of investors and market analysts alike due to its innovative value proposition. VC Spectra’s (SPCT) real-world utility has made it emerge as one of the cryptocurrencies with forecasted bullish price movements for 2023 and beyond. BUY SPCT TOKENS NOW The Crypto Community Unveils The Potential of VC Spectra VC Spectra is a decentralized trading platform and asset management PR otocol. It uses blockchain technology to offer investors access to potential blockchain and technology initiatives .  In addition, it employs a variety of trading tactics , like algorithmic trading, social trading, and copy trading, to assist investors in maximizing their profits while minimizing their risks.   VC Spectra also offers its users certain benefits, such as regular share updates and insights , access to exclusi

Facebook, Instagram, and WhatsApp’s parent company, Meta, released its Q2 earnings report on Wednesday. According to the document, the firm’s metaverse di vision , Reality Labs, witnessed $3.7 billion in losses. Reality Labs works on virtual reality and augmented reality technologies to fuel Meta’s metaverse initiative. According to the earnings report, Reality Labs posted $276 million in revenue in Q2 2023. This represented a significant drop from Q2 2022 when it earned about $452 million. Nonetheless, the social media giant has said it still remains committed to metaverse development. Also Read: Apple Announces Vision Pro AR/VR Headset: How Will it Impact the Metaverse? Speaking in an earnings call, CEO Mark Zuckerburg stated, “As our investments in AI continue, we remain fully committed to the metaverse vision as well.”  Zuckerburg further added that the company has been working on both AI and metaverse developments for many years in parallel and that “ in many ways,

Binance said it will provide ten free chances for users to generate artwork every day. Crypto exchange Binance’s nonfungible token (NFT) arm announced the launch of its artificial intelligence (AI) NFT generator that lets users produce custom artworks using AI technology.  On July 26, Binance NFT said its AI NFT generator dubbed “Bixel” is now permanently available for its users . According to the trading platform, the tool allows users to generate unique digital art and join the world of NFTs. However, those who wish to use the tool are required to complete the platform’s know your customer (KYC) identity verification process. Binance explained that:  “This critical measure is in place to maintain a trustworthy and secure platform for all users, aligning with best practices and regulatory requirements.” In addition, those who wish to mint NFTs using the tool are also required to pay a minting fee of 0.008 BNB (BNB), which is around $1.9 at the time of writing. According to Bina

Also Read: Pro-XRP Lawyer’s Twitter Account Hacked; Beware Of Fake Rewards advertisement Meanwhile, the Dogecoin price has been on a rise since Elon Musk announced the re brand ing plans. Also, Musk’s updated Twitter location to XÐ fueled speculation that the D refers to Dogecoin. Huge Loss In Twitter Brand Value According to a Bloomberg report, brand experts believe the renaming exercise could be a mistake that could eventually affect Tesla stock as well. Todd Irwin, founder of brand agency Fazer, said the actions ‘tweeting’ and ‘retweeting’ have become part of social media culture and that new vocabulary is hard to replicate such a cultural effect. On the flip side, it is believed that the re brand ing move could likely not have much impact on the company’s bottom line any time soon, as per Gary Black, managing partner at The Future Fund. He said it eventually boils down to whether or not the company will improve on free cash flow by the next year. While I

Crypto Analyst predicts BTC will hit $100K with an exponential rise in 2024. BTC touches the upper trend line; it may break or rebound off of it. BTC seeks support in the lower regression trendline, if it hits Support 1, the trend line could be broken. Crypto Analyst and BTC proponent Captain Faibik tweeted that BTC Bulls were in total control although BTC seems to be moving downwards. Faibik made this claim by sharing an Analysis that showed BTC fluctuating in a bullish flag.  – $BTC Bulls in Complete Control but We're not out of the Woods yet. – Bitcoin is bottomed out & Currently in Accumulation Phase. – Bitcoin Bullrun will Officially Start in November 2023 & We Can Expect a Parabolic move up to 100k in 2024. Trust the process, Be Patient & Keep… pic.twitter.com/WAhSFqGp7C — Captain Faibik (@CryptoFaibik) July 25, 2023 He stated that BTC was in the accumulation phases and that the Bitcoin bull run will officially start in November 2