Tag: Chainlink

The decentralized oracle project Chainlink was one of the big winners in the 2019 cryptoeconomy, particularly on the fronts of adoption, partnerships, and price action. The rise is not necessarily surprising: Oracles are tough to build and highly in demand, and Chainlink is one of the earliest effo..

Price Analysis The CME Group will launch its Bitcoin options contract on Jan. 13. The analysts at JPMorgan Chase & Co. have spotted a 69% increase in open interest from year-end in CME’s existing Bitcoin futures contracts. They also noted that the number of large open-interest holders has picked ..

New Year Special Since the start of 2019, the crypto market has been on the receiving end of an insane amount of financial volatility. For example, in January, the total market capitalization of this burgeoning sector was around $130 billion. However, by July, the market at large had witnessed an..

Price Analysis Tom Jessop, the president of Fidelity Digital Assets, said that the absence of a long track record is one of the main reasons that is keeping the institutional investors at bay from investing in cryptocurrencies. As the asset class is only 10 years old, Jessop said that the institu..

Price Analysis The United States Federal Reserve believes that stablecoins “could complement existing payment systems and improve consumer welfare” but the operators behind the digital assets will require constant oversight and regulation. The Fed warned that if a stablecoin payment network achiev..

Oracle is one of the biggest software companies in the world. As such, the firm’s startup division made waves in the cryptoverse back in June when it unveiled an initiative to help select startups monetize their APIs using Chainlink’s decentralized oracle technology. Now we know the first companies..

Price Analysis Though fundamentals play a large part in determining the price of an asset, short-term movements of the markets are driven by sentiment. This was clearly visible during the week. A few events soured sentiment early in the week, which dragged the total market capitalization of the cr..

Media conglomerate Thomson Reuters, one of Canada’s leading brands, is eyeing an opportunity to bring the possibilities of Ethereum smart contracts into the mainstream. The effort comes as part of a partnership with OpenLaw, the ConsenSys-backed builders of an open source and peer-to-peer protocol ..

Price Analysis The United States Securities and Exchange Commission (SEC) has been in the thick of the action over the past week. First, the SEC rejected the Bitcoin ETF application from Bitwise Asset Management and NYSE Arca. Next, the governing body obtained a temporary restraining order against..

While a majority of altcoins have been faring well over the past week, there has been one crypto asset that has exceeded the expectations of many: Chainlink (LINK). Over the past 10 days, the community-favorite cryptocurrency has gained 50% against the U.S. dollar, surging to $3.10 apiece at the lo..