Non-fungible tokens (NFTs) have become an emerging trend in the crypto space, and Chainlink has contributed to their adoption. Chainlink has helped to produce dynamic NFTs that are being used for multiple activities in blockchain today. To further analyze the contributions of Chainlink to the evolution of NFTs, it is important to understand the concept of NFTs. Concept of Non- Fungible Tokens (NFTs) NFTs...
Chainlink looks indecisive from a technical perspective, but on-chain metrics suggest mounting downward pressure with little to no support underneath it. Chainlink Consolidates Within Narrow Range Chainlink continues...
Chainlink made headlines after Grayscale announced that it would launch a new LINK trust fund for institutional investors, with the token's price surging by 14%. Chainlink Pumps on Grayscale News Decentralized oracles token Chainlink resumed its uptrend after Grayscale...
Chainlink's decentralized oracle network provides reliable, tamper-proof inputs and outputs for complex smart contracts on any blockchain. Chainlink allows you to use decentralization, trusted nodes, premium data, and cryptographic proofs. This helps us to connect highly accurate and available data/APIs to any smart contract. You can build on a flexible framework that can retrieve data from any API, connect with your existing systems,...
Grayscale Investments announced a new Trust Fund today allowing traders to invest in five different cryptocurrencies backed trust fund that include chainlink, Filecoin, LivePeer, BAT and Decentraland. The listing 0f...
Today, we have completed exactly one year since the Black Thursday of 12th March 2020. On this day, there was a flash crash in various coins. Black Thursday was one of the most talked about event in the crypto space. On 12th March 2020, we saw a big drop in the price of various currencies. In today’s article, we will see...
On the 1st of March, Chainlink introduced the Social Impact Prize Category for the Spring 2021 Chainlink Hackathon. This addition to the Spring 2021 Chainlink Hackathon is helping to fulfill Chainlink's goal of creating an economically fair world through the use of smart contracts and blockchain technology. The platform wishes to use smart contract innovations and other technological means to make tangible improvements...
The popular oracle network Chainlink announced the launch of Chainlink Off- Chain Reporting (OCR) on February 24th, which is a highly anticipated upgrade that has been months in the making. Chainlink claims that OCR will not only significantly improve the efficiency of the network’s data computing but it will also reduce costs by up to 90% [...] The post Chainlink Off-Chain Reporting (OCR) Goes...
Flagship blockchain oracles provider Chainlink and first-ever decentralized film financing network Mogul announced their upcoming partnership. According to a press release shared with Altcoin Buzz, Mogul will integrate Chainlink oracles in the v1 release of Mogul’s software. This will help Mogul in off- chaining the financial data like movie budget and profits. Effectively, this will enable audited disbursement of profits and fair distribution of...
Quick take: Chainlink new daily active addresses are increasing at a rapid pace The number of new daily active addresses is 143% higher than three months ago Chainlink has found solid support above $23 and is attempting to convert $24 into a support zone also The new week could provide another opportunity for Chainlink to thrive in the crypto markets The Chainlink network...
After making a daily low of $31,480, Bitcoin is now trading close to $32,409, and Ethereum is trading close to $1,295. According to Coingecko, Chainlink surpassed the market cap of Litecoin and grabbed 7th rank. Let’s find out...
COTI has opted to use a Chainlink-based system as its oracle for the CVI index. As a way to expand trading and hedging opportunities in the crypto markets, COTI developed the Crypto Volatility Index (CVI). This index measures the rate of change in major tokens. In a recent announcement, COTI disclosed that Chainlink will be [...] The post COTI Chooses Chainlink as CVI...
Ethereum price has just hit a new all-time high on Coinbase and the DeFi market is following closely. In the past week, there are several DeFi projects that have experienced gains higher than 100%. Uniswap price has also hit a new all-time high at $9.93 today reaching a total market capitalization of $2.4 billion. Similarly, Chainlink price also established a new all-time high...
YFLINK, The liquidity mining ecosystem, has announced its latest addition, a permissionless community-governed lending protocol for the Chainlink community and YFL token holders. The protocol will focus on providing safety and value capture for its users, while also offering a wide range of features and designs that according to the company, “will enable it to [...] The post YFLINK Announces New Project: LINKLEND...
BTC has created a new all time high price after dropping by more than $6,000. The drop was bought back immediately and BTC reached close to $36,000. Ethereum has also started approaching its all time high price and reached close to $1,200. Altcoin market has been highly...
Bitcoin has been steadily growing, and its price reached above $28,500 without any substantial retrace. After touching $28,500, we saw a small corrective move, but every single drop in BTC is being bought back. BTC dominance has risen, which has started affecting the altcoin market. Most of the altcoins have dropped substantially in their BTC pair. As long as the BTC dominance keeps...
Over the last 3 years Chainlink, the leading decentralized oracle provider has been integrated into more than 300 projects. Every integration bolstered the price of Chainlink’s native token LINK. Effectively, LINK has pumped by over 500% since January 2020. It seems Chainlink’s ecosystem growth never slows. That’s because the team has impressive plans for 2021 that will help maximize blockchain innovation. Additionally, it...
According to the World Economic Forum (WEF) blockchain-based smart contracts can help unlock the hidden value of legacy digital systems. To achieve this the legacy systems, need to become interoperable with the distributed ledger systems. According to the WEF academic paper, such a step would also need a Chainlink like an infrastructure for decentralized data validation. This infrastructure will help validate the integrity...
In a big development for the Chainlink community, the oracle service provider has collaborated with the World Economic Forum (WEF) to establish new Industry Oracle Standards connecting blockchain and legacy systems....
On Thursday, November 26th, the price of the Dai stablecoin (ordinarily ~$1 USD) exploded up to $1.30 on Coinbase as traders tried to snag up funds en masse to pay back, and thus keep afloat, their DeFi lending positions. Yet this Dai price spike, combined with an acutely falling ETH price, pushed some Dai positions [...] The post To Chainlink? That's the DeFi...
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