Chainlink is the leading oracle provider, and the project has onboarded over 281 crypto projects in 2021. Some of these include heavyweights, like Huobi's ECO Chain, the Hedera Governing Council and Alchemix. Launched in October 2020, Chainlink's verifiable randomness function, or VRF, has also gained notoriety among decentralized applications (DApps). VRF provides an automated source of randomness to ensure that prizes and rewards are issued in a verifiably fair fashion. For example, on Aug. 13, Arbitrum — a layer-two Ethereum scaling solution — launched a beta mainnet service integrated with Chainlink's oracle data feed and intends to add a "Proof …

Filecoin (FIL) accumulated 65% gains over the past 30 days to reach its highest price since June 8. The recent strength was accelerated after an Aug.6 partnership with Chainlink's oracle protocol on Aug. 6 allowed the projects to join their grant initiatives to speed up the development of hybrid smart contracts to leverage code running on the blockchain while the managing data computation process off-chain. Numerous events triggered the $235 all-time-high on April 1, but that movement is clearly long gone because the cryptocurrency is 67% below that level. Let's take a moment to understand what triggered the rally and …

Leading data oracle provider Chainlink has announced its successful launch on Arbitrum One — the beta mainnet deployment of layer-two Ethereum scaling solution, Arbitrum. Announced Thursday, the launch will allow developers building on Arbitrum One to access financial market data directly on-chain, providing enhanced functionality to decentralized exchanges, algorithmic stablecoins and other advanced decentralized finance (DeFi) products on the Arbitrum One network. Chainlink is now live on @Arbitrum One, providing hundreds of smart contract applications direct access to #Chainlink's decentralized services, starting with high speed, low-cost Price Feeds and expanding to more off-chain computations. — Chainlink - Official Channel (@chainlink) …

Bitcoin’s (BTC) strong recovery and march toward the psychological level at $50,000 has improved the overall sentiment in the crypto sector. That has boosted the total crypto market capitalization to over $1.9 trillion. Data from Glassnode shows a sharp increase in the dominance of Bitcoin transactions exceeding $1 million during the past few months. The on-chain analytics firm noted in a report that the transactions by the $1 million–$10 million group surged when Bitcoin corrected to $29,000 in July. This suggests that institutional investors may have been buying, which is “fairly constructive for price.” Further evidence of possible institutional buying …

Bitcoin’s (BTC) recovery from $29,482.61 on July 21 has continued to surpass one resistance after another. On Aug. 9, Bitcoin rose above the 200-day simple moving average, an indicator watched by institutional investors to determine whether the asset is bullish or bearish. A positive sign about the Aug. 9 rally is that Bitcoin was not affected by the flash crash in gold, which momentarily dipped to a four-month low. This suggests that traders are focusing on the fundamentals of the sector and are not affected by the performance of other asset classes. Glassnode noted that investors holding Bitcoin for more …

Bitcoin (BTC) has staged a smart recovery in the past few days and the interest in the crypto sector seems to be picking up. JPMorgan Chase has added access to a new Bitcoin fund created by New York Digital Investment Group (NYDIG) for its private banking clients. The increasing number of traditional financial institutions opening up crypto trading opportunities for their clients shows there is strong demand for the sector. On-chain analyst Willy Woo said recently that strong holders had been scoping up Bitcoin and locking “them away for long-term investment”, resulting in a supply squeeze. Woo added that he …

Switzerland-based telecommunications company Swisscom has said it will join Chainlink’s oracle network as a node operator. In a Thursday announcement, the telecommunications firm said it would be entering the decentralized finance, or DeFi, space by becoming an oracle node operator as part of a pilot program with the Chainlink network. The node, run by Swisscom’s digital asset division, will “continuously feed digital asset price data” to the network and allow applications on Chainlink to better settle financial contracts. "Making reliable off-chain data available on decentralized networks is a critical success factor for the future development of digital assets,” said Swisscom …

Bitcoin (BTC) dropped back below $39,000 on Aug. 2, suggesting that short-term traders were booking profits after the price failed to close above $42,451.67. However, lower levels may attract the type of buying seen in late July. Data from Santiment showed that Bitcoin held on wallet addresses storing between 100 and 10,000 Bitcoin rose to a new all-time high at 9.23 million Bitcoin on Aug. 1. The previous all-time high for this group of investors was recorded on April 5, just over a week before Bitcoin hit an all-time high of $64,854 on April 14. Santiment highlighted that the “addresses …

Bitcoin’s (BTC) 43% rally from $29,482.61 on July 21 to $42,316.71 on July 30 has invigorated the bulls, who had been sitting on the sidelines. After the sharp rise, some analysts are debating whether Bitcoin could repeat its sharp bull runs of 2013 and 2017. Vailshire Capital founder and CEO Jeff Ross highlighted that Bitcoin had rallied tenfold in the second half of 2013 after facing three months of negative news. Ross said: "I still contend that 2021 will behave in similar fashion." PlanB, the creator of the stock-to-flow price model, said Bitcoin’s comeback in July was “like clockwork.” He …

In the past two decades, index and exchange-traded funds (ETF) have become some of the most popular forms of investing because they offer investors a passive way to gain exposure to a basket of stocks as opposed to investing in individual stocks which increases risk of loss. Since 2018, this trend has extended to the crypto sector and products like the Bitwise 10 Large Cap Crypto Index (BITX) tracks the total return of Bitcoin (BTC), Ether (ETH), Cardano (ADA), Bitcoin Cash (BCH), Litecoin (LTC), Solana (SOL), Chainlink (LINK), Polygon (MATIC), Stellar (XLM) and Uniswap (UNI). The ability to access multiple …

Leading oracle provider, Chainlink, has onboarded partner integrations at a rate of more than 1.4 daily during 2021 so far. According to the archives of Chainlink’s ecosystem portal, 281 different crypto projects have announced integrations during 2021 so far, with the calendar currently 201 days into the year. With all time third-party Chainlink integrations currently totaling 650, that means 43% of the project’s partners were onboarded this year. By contrast, roughly 250 partners integrated with Chainlink during all of 2020. While many of Chainlink’s partners are little-known projects in their nascent stages, some of the crypto sector’s leading players have …

A decentralized platform on a quest to merge the physical and virtual world through augmented reality has unveiled a live, ongoing integration with Chainlink. OVR’s collaboration with the decentralized oracle network is already being put through its paces. Chainlink’s infrastructure is being used to fairly and transparently select a grant fund winner from a list of competitors taking part in the OVRLand Treasure Hunt. Looking ahead, OVR intends to ensure that Chainlink’s oracles are used throughout its platform as it builds a virtual experience that is influenced by the real world. Through this platform, augmented reality and virtual reality can …