Chainlink May Gain Prominence Over Bitcoin – Citi Report

Quick take: A recent report by Citi Group forecasted that Chainlink may gain prominence over Bitcoin The report cites the use of LINK as a token in the Chainlink ecosystem could increase as blockchain continues to thrive globally over time Chainlink is also being adopted on other networks such as Tezos and Polkadot  Earlier this week, the team at Citi Group released a report explaining that Bitcoin was at a tipping point and could in the next seven years, ‘become the currency of choice for international trade’. The report went…

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Chainlink Bug Bounty to Payout $100k For Critical Vulnerabilities

In brief: Chainlink has extended its bug bounty program to provide $100k for the disclosure of critical vulnerabilities The payout will either be in cash or LINK The Chainlink bug bounty program will be available through Gitcoin and HackerOne Chainlink’s goal is to guarantee a secure oracle infrastructure for its smart contracts The team at Chainlink has announced that the project will be expanding its Bug bounty program to ‘provide $100,000 in cash or LINK for the responsible disclosure of critical vulnerabilities in the Chainlink codebase’. Additionally, the Chainlink bug…

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Bitcoin’s Rise Could ‘Pull’ Chainlink (LINK) to $80 – Crypto Analyst

In summary: Timothy Peterson has forecasted that Chainlink could rise to $80  His estimate is based on Chainlink’s relationship with Bitcoin Where BTC goes, LINK is not that far behind Bitcoin is closing in on $60k with Chainlink looking to defend the $34 price area during today’s weekly close Timothy Peterson, of Cane Island Alternative Advisors, has forecasted that Chainlink’s value could be boosted by Bitcoin’s current market momentum based on the correlation between these two assets. According to Mr. Peterson, if the LINK/BTC relationship is used as a guide,…

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Bitwise Launches Defi Crypto Index Fund Tailor-made for Institutions

In brief: Bitwise has launched a new Defi crypto index fund for accredited investors to gain exposure to the sector The DeFi index includes UNI, AAVE, SNX, MKR, COMP, UMA, YFI, ZRX and LRC in weighted proportions The fund’s custodian is Anchorage Digital Bank which is the first federally chartered digital asset bank Institutional investors can now access DeFi tokens thanks to a new crypto index fund by Bitwise Asset Management. The latter firm is the creator of the Bitwise 10 Crypto Index Fund, which is the largest in the…

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Chainlink (LINK) has Yielded 226% Returns in the Last 7 Weeks

In brief: Chainlink has provided approximately 226% returns in the last 7 weeks Chainlink has also set a new all-time high of $35.85 – Binance rate Chainlink’s fortunes could continue as Bitcoin heads to $50k Chainlink investors who bought LINK around the beginning of the year at $11, are now approximately 226% in profits. This is according to an analysis done by the team at Santiment feed who also pointed out that the amount of LINK tokens on crypto exchanges, has seen a continual decline in the same time period.…

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LINK Hits New ATH of $32.10 Fueled by High Chainlink Address Activity

In brief: Chainlink just posted a new all-time high of $32.10 – Binance rate LINK’s impressive market performance is backed by a high level of tokens circulating and a sustained high unique address activity Chainlink could very well continue on its upward trajectory towards higher levels However, its fate is tied to that of Bitcoin and a correction by BTC could halt LINK’s bullishness The digital asset of Chainlink (LINK) has just set a new all-time high of $32.10 – Binance rate. Chainlink’s impressive performance is backed by an increment…

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Chainlink’s Network Activity Has Grown By 10x, 2 Years in a Row

In brief: Crypto analyst, Timothy Peterson, has highlighted that Chainlink’s network activity has grown by a factor of 10 for two years in a row 414 crypto projects use Chainlink technology in one form or another, up from 315 last November The value of LINK has benefited from the increased network activity  Crypto analyst, Timothy Peterson, of Cane Island Alternative Advisors, has pointed out that the Chainlink network has grown by a factor of 10 for two years in a row. Additionally, the growth of the Chainlink network has been…

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SushiSwap (SUSHI) is Now Supported By BitGo

Summary: SushiSwap (SUSHI) is now supported on BitGo’s custodial and non-custodial wallets The team at BitGo cited the SushiSwap team’s consistency and resilience as one reason to add support for SUSHI Furthermore, SushiSwap’s collaboration with Yearn Finance is an indicator of growth in the DeFi industry SushiSwap (SUSHI) is now supported on BitGo’s custodial and non-custodial wallets. The team at BitGo made the announcement on Thursday and expressed optimism in collaborating with the SushiSwap team and community moving forward. SushiSwap has Been Consistent and Resilient The team at BitGo explained…

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Chainlink Community Members Awarded Grant to Build Coding Academy

In brief: Chainlink Community advocates Cole Gendreau and Zak Ayesh have been awarded a grant to build the Chainlink Academy The academy is a coding platform and open-source library of resources for those interested in building smart contracts using Chainlink The Chainlink Community Grant program is geared towards supporting growth in the network and community The team at Chainlink has announced that it has awarded Community advocates Cole Gendreau and Zak Ayesh, a grant to build the Chainlink Academy. According to the announcement, the academy is a ‘new interactive coding…

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DeFi Sets a New All-time High of $34.2B in Total Value Locked

Quick take: The total value locked in DeFi protocols has just hit a new all-time high of $34.2 Billion This is partly due to Bitcoin, Ethereum and several Defi tokens such as Uniswap, gaining value this week According to the team at Weiss Ratings, the potential for growth in DeFi is enormous The DeFi realm has hit a new milestone in terms of total value locked. According to DeFiPulse, DeFi protocols have set a new all-time high of $34.2 Billion in total value locked. This milestone can be seen in…

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