Connect with us

Blockchain

Chainlink issues latest grant after 2020 sees $7B+ in secured smart contract value

While the year 2020 has been an impressive year for most of the cryptocurrency market, it has been especially so for Chainlink. Its native cryptocurrency LINK managed to return 536% to its investors i

The post Chainlink issues latest grant after 2020 sees $7B+ in secured smart contract value appeared first on AMBCrypto.

Republished by Plato

Published

on

While the year 2020 has been an impressive year for most of the cryptocurrency market, it has been especially so for Chainlink. Its native cryptocurrency LINK managed to return 536% to its investors in 2020. Although LINK’s market did witness a dump in price soon after, at the time of writing, it was awaiting correction after a period of consolidation.

LINK’s performance was lauded by many in the community, with Chainlink going as far as sharing some useful data with the rest of the community. According to the said data, the project’s popularity was reflected by it being welcomed and adopted by at least 45 other Decentralized Finance [DeFi] protocols, projects including the likes of Kava, Binance Smart Chain, Kyber Network, Matic, C.R.E.A.M, Loopspring, and 0x, among others.

In fact, it has secured billions in smart contract value too. While back in August 2020, LINK’s percent supply in smart contracts had hit an all-time high of 52.448%, this value shot up even higher over the course of the year, as per the attached graphic.

The project’s success was highlighted by Chainlink co-founder Sergey Nazarov when he told a publication that in 2020, “we’ve secured more value than even we expected.” According to the exec, the value must be between two to five billion, depending on the day.

Another contributing factor to its progress has been its live price feeds which have been well integrated by different types of businesses and projects in the arena. According to the aforementioned data, there are now 70 live price feeds, with the number being just 25 at the beginning of 2020. In fact, its popular decentralized oracles have resulted in projects like Tezos and Polkadot adopting it too.

In light of its ever-growing dominance in the smart contracts sector, Chainlink started the Chainlink Community Grant Program to provide financial resources to the many development teams and researchers building a more functional and accessible Chainlink Network. Just recently, a smart contract development platform for Tezos, Smart Chain Arena (SmartPy.io), received this grant from Chainlink.

The newest addition to this list is Cdot, a blockchain interoperability-focused development team that aims to bring Chainlink to the Solana blockchain. It received this grant for a native Chainlink-Solana integration to enhance developers’ ability to build a wide variety of externally connected smart contract applications on the Solana blockchain, noted the announcement shared by Chainlink.

Although the beginning of 2021 has seen LINK hit some roadblocks, its fundamentals and network appear stronger than ever.

Source: https://ambcrypto.com/chainlink-issues-latest-grant-after-2020-sees-7b-in-secured-smart-contract-value

Blockchain

Kraken Daily Market Report for January 26 2021

Republished by Plato

Published

on


Overview


  • Total spot trading volume at $1.33 billion, near the 30-day average of $1.65 billion.
  • Total futures notional at $542.6 million.
  • The top 5 traded coins were, respectively, Bitcoin, Ethereum, Tether, Polkadot, and Chainlink.
  • Although Chainlink (-1.0%), Litecoin (-1.7%) and others were down; Bitcoin(+1.2%), Ethereum (+3.3%), and Uniswap (+23%) were up.

January 26, 2021 
 $1326.2M traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
XBT 
$32529. 
↑1.2% 
$552.5M
ETH 
$1358.7 
↑3.3% 
$442.4M
USDT 
$1.0011 
↑0.1% 
$149.3M
DOT 
$17.117 
↓0.4% 
$40.4M
LINK 
$23.059 
↓1.0% 
$25.0M
USDC 
$0.9999 
↑0.0% 
$20.2M
BCH 
$427.28 
↓0.9% 
$19.6M
UNI 
$13.853 
↑23% 
$18.5M
ADA 
$0.3441 
↑0.7% 
$16.7M
LTC 
$134.74 
↓1.7% 
$14.6M
XRP 
$0.2681 
↑0.3% 
$13.2M
AAVE 
$277.08 
↑13% 
$8.43M
XLM 
$0.2614 
↑0.3% 
$5.41M
XTZ 
$2.9084 
↓0.26% 
$4.2M
FIL 
$22.180 
↓1.0% 
$3.61M
CRV 
$2.1399 
↑7.2% 
$3.43M
ALGO 
$0.6021 
↑8.6% 
$3.36M
SNX 
$16.771 
↑8.6% 
$3.2M
XMR 
$137.92 
↑0.6% 
$2.92M
DAI 
$1.0005 
↑0.02% 
$2.64M
GRT 
$0.5361 
↑1.5% 
$2.22M
EOS 
$2.6297 
↓0.6% 
$2.18M
ICX 
$0.8948 
↑11% 
$2.08M
COMP 
$236.97 
↑12% 
$1.95M
ATOM 
$7.7332 
↑0.29% 
$1.82M
YFI 
$30280. 
↑3.6% 
$1.69M
KEEP 
$0.3131 
↓4.2% 
$1.5M
KSM 
$102.03 
↑3.4% 
$1.33M
BAT 
$0.2989 
↓3.0% 
$1.28M
OMG 
$3.4422 
↓2.7% 
$1.19M
DASH 
$104.90 
↑0.4% 
$1.19M
TRX 
$0.0295 
↑0.2% 
$1.11M
XDG 
$0.0082 
↓0.7% 
$1.09M
QTUM 
$3.4386 
↑4.6% 
$1.04M
MLN 
$36.117 
↓5.6% 
$1.01M
NANO 
$3.2120 
↑1.2% 
$1.0M
MANA 
$0.1665 
↑1.0% 
$916K
ZEC 
$89.189 
↑1.6% 
$914K
WAVES 
$6.8173 
↑2.5% 
$905K
KAVA 
$2.3313 
↓1.5% 
$643K
ETC 
$7.4335 
↓0.7% 
$520K
STORJ 
$0.4256 
↑9.9% 
$393K
KNC 
$1.3156 
↓0.04% 
$355K
OXT 
$0.2995 
↑1.7% 
$288K
ANT 
$4.0750 
↑5.1% 
$270K
SC 
$0.0044 
↓1.2% 
$266K
PAXG 
$1869.4 
↑0.3% 
$246K
REP 
$21.454 
↑4.4% 
$221K
LSK 
$1.3000 
↓1.6% 
$187K
GNO 
$115.59 
↑0.8% 
$177K
BAL 
$21.730 
↑3.7% 
$127K
REPV2 
$19.177 
↓0.6% 
$59.7K
TBTC 
$33172. 
↓2.6% 
$56.2K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (January 26 2021)



Figure 2: Mid-size trading assets: (measured in USD) (January 26 2021)



Figure 3: Smallest trading assets: (measured in USD) (January 26 2021)



#####################. Spread %. ##########################################

Spread %


Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (January 26 2021)



.


#########. Returns and Volume ############################################

Returns and Volume


Figure 5: Returns of the four highest volume pairs (January 26 2021)


Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (January 26 2021)



###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (January 26 2021)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

Source: https://blog.kraken.com/post/7623/kraken-daily-market-report-for-january-26-2021/

Continue Reading

Blockchain

Solana targets growth in Southeast Asia with a $5M grants scheme

Republished by Plato

Published

on

Solana has turned its focus towards decentralized finance in Southeast Asia with a new $5 million development fund.

The Solana Foundation created the fund in partnership with Vietnam-based investment firm Coin98 Ventures, enabling regional startups building on Solana to receive technical, marketing, and community support, as well as up to $100,000 in funding. The fund will run for the next three years with a specific focus on projects within the DeFi and Web3 spaces, including marketplaces, exchanges, and other DApps or tooling.

This is one of the first grants specifying a core region of interest, with a particular focus on Vietnam. Solana Foundation Executive Director Eric Williams:

“Our goal is to create the optimal conditions for developers in Southeast Asia to build amazing things on Solana.”

According to the announcement, “project teams may be distributed, but must have a physical presence in Southeast Asia.” The announcement makes it clear that if they do not have a presence there, they will not qualify for the fund.

Williams explained that the foundation partnered with Coin98 Ventures because of the technical and community support they can provide, adding that the key to this fund being successful is the combination of financial and technical support:

“Sometimes hurdles can be solved with extra money, other times they cannot.”

DeFi is gaining traction within the Solana ecosystem, driving trading volume to all-time highs earlier this month.

Using treasuries and fund campaigns to boost developer ecosystems within blockchains is common with programs already available for a range of blockchain networks including Bitcoin, Ethereum, OkCoin, and Polkadot.

In September last year, Polkadot received one of the largest fund boosts to date with Digital asset development company RockX investing $20 million to support the Polkadot ecosystem over the next five years.

Source: https://cointelegraph.com/news/solana-targets-growth-in-southeast-asia-with-a-5m-grants-scheme

Continue Reading

Blockchain

TA: Bitcoin Holds Strong At $31K, Why The Bulls Are Facing Uphill Task

Republished by Plato

Published

on

Bitcoin price is stuck in a range below the $33,500 and $33,800 resistance levels against the US Dollar. BTC is likely to continue lower unless it clears the $33,800 resistance.

  • Bitcoin retested the $31,000 zone and managed to stay in a range.
  • The price is currently facing resistance near $32,800 and the 100 hourly simple moving average.
  • There is a short-term ascending channel or a » Read more

” href=”https://www.newsbtc.com/dictionary/bear/” data-wpel-link=”internal”>bear flag forming with support near $31,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).

  • The pair could trade in a range, with a strong resistance near $33,500 and $33,800.
  • Bitcoin Price Is Facing Strong Resistance

    After a failed attempt to clear the $35,000 resistance, bitcoin price trimmed gains and traded below $33,800. BTC even broke the $32,500 level and settled below the 100 hourly simple moving average.

    There was a spike below the $31,000 level, but it remained stable above $30,800. A low is formed near $30,823 and the price is currently recovering higher. It surpassed the 23.6% Fib retracement level of the downward move from the $34,915 high to $30,823 low.

    Bitcoin price is currently facing resistance near $32,800 and the 100 hourly simple moving average. The 50% Fib retracement level of the downward move from the $34,915 high to $30,823 low is also near $32,800.

    Bitcoin Price

    Source: BTCUSD on TradingView.com

    At the outset, it seems like there is a short-term ascending channel or a » Read more

    ” href=”https://www.newsbtc.com/dictionary/bear/” data-wpel-link=”internal”>bear flag forming with support near $31,900 on the hourly chart of the BTC/USD pair.  To continue higher, the bulls need to gain strength above $32,500, $32,800 and the 100 hourly SMA.

    The next strong resistance is near the $33,500 and $33,800 levels. A close above $33,800 could increase the chances of a steady rise in the coming sessions.

    Fresh Dip in BTC?

    If bitcoin fails to clear the $32,800 resistance or $33,500, it could start a fresh decline. An initial support is near the channel support at $31,900.

    A clear break below the channel support could open the doors for a larger decline towards the $30,800 support. Any more losses may possibly call for a downside break below the $30,000 support zone.

    Technical indicators:

    Hourly MACD – The MACD is struggling to gain momentum in the bullish zone.

    Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now close to the 50 level.

    Major Support Levels – $31,800, followed by $30,800.

    Major Resistance Levels – $32,800, $33,500 and $33,800.

    Source: https://www.newsbtc.com/analysis/btc/bitcoin-holds-strong-at-31k/

    Continue Reading
    Blockchain1 day ago

    Goldman Sachs CEO: Regulators should be ‘hyperventilating’ at Bitcoin’s success

    Blockchain5 days ago

    Aave Crosses into DeFi Layer-2 with Matic Bridge

    Blockchain5 days ago

    Alpha Finance (ALPHA) Climbs to All-Time High — Targetting $1

    Blockchain5 days ago

    VanEck files for a ‘Digital Asset ETF’ with the SEC

    Blockchain5 days ago

    Stellar Lumens, Steem, Maker Price Analysis: 22 January

    Blockchain5 days ago

    Why the Asian session holds the key to Bitcoin’s price drop

    Blockchain5 days ago

    Litecoin Price Analysis: 22 January

    Blockchain2 days ago

    Blockchain-aided voting trials to begin in India

    Blockchain5 days ago

    Should You Buy The Bitcoin Dip? Analysts Weigh In On Bear Market

    Blockchain1 day ago

    Glassnode predicts BTC break-out as investors refuse to realize losses

    Blockchain1 day ago

    BoE Governor: cryptocurrencies of today are destined to fail long term

    Blockchain2 days ago

    Blockchain-based COVID-19 passports to begin trials in Q1

    Blockchain1 day ago

    Kraken Daily Market Report for January 25 2021

    Blockchain3 days ago

    Ultra-rare alien CryptoPunk NFT sells for 605 ETH, or $750,000

    Blockchain2 days ago

    More institutional adoption as Marathon Patent Group purchases $150M in Bitcoin

    Blockchain5 days ago

    Canadian VR Company Sells $4.2M of Bitcoin Following the Double-Spending FUD

    Blockchain2 days ago

    11 DeFi Projects Rumored to Be Airdropping Tokens

    Blockchain2 days ago

    All risk, no gain? The vague definition of stablecoins is causing problems

    Blockchain2 days ago

    China to Give Away $4.6M in Digital Yuan as the Country Furthers CBDC Trials

    Blockchain23 hours ago

    Bank of England: Current Cryptocurrencies are Unlikely to Last

    Trending