Day: November 4, 2021

Chainlink’s total value secured surpasses $75B as DeFi continues to surge

The total value secured by the Chainlink network has officially surpassed $75 billion, marking a new milestone for the decentralized oracle solution that has become synonymous with price data services for the rapidly growing DeFi sector.  With the milestone, Chainlink has become “one of the most value securing forms of decentralized consensus on the planet,” according to protocol co-founder Sergey Nazarov. Chainlink is also one of the fastest-growing networks in all of crypto, with smart contract value secured growing by a factor of ten since last year.  2020 was a…

Value Secured by Chainlink Data Soars 10-Fold in Less Than a Year

“Without trusted price data to trigger smart contracts, it is impossible to build DeFi applications, and we do not think it is a coincidence that the rate at which Chainlink has been able to bring new market data onto blockchains has been the rate at which developers have been able to build exciting new DeFi apps,” said Sergey Nazarov, co-founder of Chainlink. Source

RTFKT partners with Daz 3D to advance metaverse NFT’s

RTFKT Studios, pronounced artifact, has announced a collaborative partnership with software developer Daz 3D to leverage their technology to create immersive, three-dimensional avatars for their upcoming nonfungible token, or NFT, release, CloneX. Founded by Chris Le, Benoit Pagotto and Steven Vasilev, RTKFT have emerged at the forefront of next-generation sneaker culture, intertwining burgeoning technologies of augmented reality, nonfungible tokens and blockchain authentication, amongst others, to form their NFT sneaker brand. RTKFT’s latest venture, a pfp avatar project, will utilize Daz 3D’s PFP Utility Kit to expand the possibilities for the…

$150k Bitcoin by January? Last resistance is breached, Ethereum to hit $20k next – Florian Grummes

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The recent bullish momentum for Bitcoin is likely to be sustained because key technical levels have been breached, and the fear from China’s tightening regulation has largely dissipated, said Florian Grummes, managing director of Midas Touch Consulting. “We have a good chance to see $100k by the end of the year, maybe even higher. Of course, that would spark an altcoin season again. If Bitcoin really continues to run, I would say that the $60k $65k level is the last resistance of…

Online Broker TradeStation Going Public Via $1.43B SPAC Merger

“There are numerous reasons why TradeStation is, in our judgment, the most attractive company we looked at in the fintech/financial services sector, and we looked at quite a few,” said John Schaible, chairman and CEO of Quantum FinTech, in a press release. “TradeStation owns its core trading platform technology, and it executes and clears its customer trades across all of the major asset classes it offers. This high level of control over both its technology and operations gives TradeStation valuable agility and flexibility in how it runs and grows its…

Ex-Wall Street execs lead new Bitcoin mining firm as US hash rate soars

Prime Blockchain (PrimeBlock), a new cryptocurrency mining company in the United States, is hiring its inaugural management team after starting mining Bitcoin (BTC) in September. PrimeBlock told Cointelegraph on Thursday that it appointed Goldman Sachs veteran Gaurav Budhrani as the company’s CEO. Budhrani spent over 10 years at Goldman, with his latest position featuring crypto investment banking coverage, including the $98 billion direct listing for Coinbase crypto exchange that Goldman was leading. Budhrani said on his LinkedIn that he completed over $300 billion of transactions across many crypto-related verticals, including “cryptocurrencies,…

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Ethereum Alternatives and Gaming Tokens Outperform BTC and ETH

Bitcoin (BTC) and ether (ETH) were little changed over the past 24 hours, though currencies associated with Solana and Polkadot – both alternatives to the Ethereum blockchain – were outperforming along with gaming tokens like Axie Infinity’s AXS. Bitcoin was down 2% in the last 24 hours. The price briefly dipped Wednesday after the U.S. Federal Reserve’s announcement of a plan to taper, or cut back, its $120 billion monthly in bond purchases starting this month. The world’s largest cryptocurrency by market value dropped as low as $60,530 at around…