News
Institutional investors will increasingly adopt blockchain-based compliance solutions and tokenized RWAs, Chainlink’s co-founder Sergey Nazarov told Cointelegraph.
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Chainlink (LINK) Crypto News
Chainlink is a decentralized oracle network that allows public blockchains and smart contract platforms to bring external, off-chain data sources to on-chain operations with minimal trust in third parties. It is one of the most high-profile projects tackling the oracle problem — the ongoing challenge of bridging real-world data such as market stats, event outcomes and even the weather to blockchain without relying wholly on centralized data providers.
The roots of Chainlink go back to September 2014 with its parent company, SmartContract, which aimed to create a middle-layer infrastructure between blockchains and the real world. Its original solution relied on centralized oracles, which prompted the development of a decentralized alternative with the Chainlink network. In September 2017, Chainlink raised funds through an initial coin offering to the total of $32 million. The mainnet launched on Ethereum in June 2019.
Chainlink’s native token, known as LINK, is used to pay the network’s node operators, or oracles, for providing secure data feeds. Eventually, oracles will be able to stake LINK as collateral to provide data feeds to specific decentralized applications, bringing skin-to-the-game mechanics for added security and certainty.
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ERC-3643 Association president Dennis O’Connell told Cointelegraph the SEC showed “a noticeable shift in tone” and openness to blockchain standards.
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LINK price is on the verge of confirming a historically bullish pattern, which could send the altcoin’s price above $18.
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At least 50% of US states have strong congressional representative support on blockchain policy, while 36% have an active pro-crypto task force.
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JPMorgan’s blockchain lead says merging TradFi with DeFi is accelerating, as the bank’s pilot with Chainlink and Base shows traditional institutions moving onchain.
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Bitcoin sold off near the $110,000 ceiling, but the price reset could give BNB, SOL, LINK and AAVE a chance to rally.
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The new compliance solution may cut billions in compliance costs for institutions looking to invest in the crypto economy.
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Bitcoin price made a weekend rush on the $109,000 resistance and HYPE, BCH, LINK and SEI could be the first altcoins to rally if BTC bulls secure new highs.
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Altcoins search for direction while Bitcoin looks on track to take a stab at new all-time highs.
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The integration comes with help from several Web3 companies, whose technologies offer a compliant user experience.
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Dip buyers stepped in to absorb this week’s downside in Bitcoin and select altcoins.
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Chainlink, JPMorgan’s Kinexys, and Ondo Finance completed a crosschain DvP settlement between a permissioned payment network and a public RWA blockchain.
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Bitcoin price trades near its all-time high as ETH and several altcoins start fresh rallies.
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Users will eventually be able to transfer ASTR to any Superchain network, according to OP Labs’ Zain Bacchus.
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Bitcoin’s sharp rebound off the $100,000 level shows a positive sentiment, but higher levels may attract sellers.
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