Chainlink 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. 

Price Analysis
DOGE, LTC, LINK and APE are showing signs of buying even as Bitcoin’s next directional move remains uncertain.
Bitcoin price consolidation has shifted traders to these 4 altcoins
Rakesh Upadhyay
The company claimed its PoR product can restore trust in crypto exchanges through greater transparency, but not everyone is convinced.
Chainlink Labs offers proof-of-reserve service for embattled exchanges
Tom Blackstone
Altcoin Watch
LINK could drop to nearly $4 by December 2022 given its failure to close above a key resistance level despite strong whale accumulation.
Chainlink plunges from 3-month high as LINK price eyes another 50% correction
Yashu Gola
The project will connect SWIFT’s network to nearly every blockchain to allow traditional finance players access to digital and traditional assets on one network...
SWIFT partners with Chainlink for cross-chain crypto transfer project
Jesse Coghlan
Galaxy announced that they will provide market data so that smart contract developers can build better blockchain applications.
Galaxy Digital to provide market data to blockchains with Chainlink
Ezra Reguerra
Price Analysis
The Federal Reserve is set to raise interest rates this week. Here’s why traders expect a 0.75% hike to trigger a crypto market rally.
Here is why a 0.75% Fed rate hike could be bullish for Bitcoin and altcoins
Rakesh Upadhyay
Price Analysis
Bitcoin price is targeting $25,000 and holding this level could trigger breakouts in ADA, UNI, LINK and CHZ.
Top 5 cryptocurrencies to watch this week: BTC, ADA, UNI, LINK, CHZ
Rakesh Upadhyay
Market Analysis
The total crypto market capitalization is rising toward $1.25 trillion, but an assortment of metrics show retail and institutions are not ready to “ape.”
Crypto markets bounced and sentiment improved, but retail has yet to FOMO
Marcel Pechman

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