Chainlink

Early this morning, blockchain protocol Chainlink shared a release outlining its plans following Ethereum's merge upgrade. The platform revealed that it will cease to support the forked versions of the Ethereum chain. Chainlink Stands With the Ethereum Foundation Over the past few weeks, the Ethereum blockchain has been getting ready for its long-awaited shift to the proof-of-stake consensus mechanism. The network’s core devs have dubbed it the merge and set a tentative launch date in the middle of September. Ahead…

DeFi Yield Protocol (DYP), a top yield farming protocol that allows users to provide liquidity and earn lucrative returns, has reached yet another landmark moment. On June 23, 2021, the project announced its expansion to Avalanche, an open-source platform for launching highly decentralized apps. The DeFi protocol’s move to build a platform on Avalanche will enable users to leverage DYP’s advanced trading tools. DYP users will also benefit as they will continue earning yield on their crypto assets while taking…

Trading cryptos is likened to a minefield, especially for beginners; one wrong move could mean a terrible outcome. Crypto investors can gain or lose substantial money in a flash if they do not have the best strategies. Enough background diligence, online security, and a healthy dose of suspicion can help make your investment safe. All traders inevitably use the terms margin and leveraged trading in cryptos, and while these terms are related, there is a difference between them. Nevertheless, they…

Chainlink set a new all-time high of $25.51 at 15:30 UTC Saturday, following a sharp rise over the past week. The milestone propelled Chainlink to the seventh spot on top cryptocurrencies by market cap, surpassing Litecoin. LINK, the native token of decentralized oracle provider Chainlink, has been one of the best performing crypto assets of the past year. This success is primarily attributable to the project’s development of smart contracts that connect blockchains to the real world. According to LINK…

Firo, the privacy-backed crypto formerly known as Zcoin, is under a 51% attack. On 20 January, it announced the attack on its protocol on Twitter while stating the nature of the error. Firo pleaded with owners to hold off any transactions while the firm addressed the issue. A single miner took advantage of the attack and reorganized blocks on the network. Changpeng Zhao, Binance’s CEO, stated that the block rearrangement resulted in a rollback of over 300 blocks. Firo’s team…

Leading oracles blockchain protocol Chainlink experienced a major surge in its market capitalization in the past 24 hours. Its native token Link briefly surpassed Bitcoin Cash on the coin rankings before a slight retracement at the time of writing. LINK price hits all-time high Chainlink is in the midst of a bull run, with the price of LINK increasing by almost 50% in the past week. The last 24 hours have witnessed a continuation of this momentum, with the price…

Stablecoin provider Paxos has announced its partnership with Chainlink (LINK) to make use of its oracles. This partnership will promote the distribution of its PAX and PAXG tokens in the decentralized finance sector (DeFi). Integration of  Chainlink’s Oracles Will Improve Paxos Stablecoin assets Paxos made this development known in a blog post on its website and revealed further details about the partnership. More specifically, Paxos will be integrating Chainlink’s decentralized price feeds for its tokens. This will enable Paxos smart…

In a recent announcement, Bybit has integrated Chainlink's Price Reference Data into its Future trading platform. As of now, Chainlink's price feed is already live for pairs, including BTC/USD, ETH/USD, XRP/USD, EOS/USD, LTC/USD, XTZ/USD, and LINK/USD. Chainlink leverages its centralized oracle networks to private the largest collection of decentralized on-chain price reference data. It claims to be Sybil resistant and comprising fully independent nodes run by leading blockchain DevOps. Integrating with price reference data, Bybit enables its traders to explore…

In a recent announcement, Solve. Care has partnered with Chainlink. With this collaboration, the blockchain-based healthcare platform Solve. Care aims to integrate Chainlink's decentralized oracle network on its platform. Thus aiming to expand and leverage the role of smart contracts in the healthcare industry. Benefits of this partnership This partnership will allow Chainlink's decentralized oracle network to source and deliver the off-chain medical data. Thus allowing the execution of smart contract-based healthcare services. The partnership also emphasizes Chainlink's oracle's critical…