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Oracle Tokens Chainlink, Band Protocol Enter New Bull Rally

Chainlink and Band Protocol have recently made new all-time highs. Though some investors may take advantage of the rising price action to book profits, these cryptocurrencies show no signs of slowing. Chainlink Looks Unstoppable Chainlink made headlines after releasing a new whitepaper that details how the project plans to execute “hybrid smart contracts.” The new architecture will expand the network’s utility by adding new services to the off-chain computation of data.  “Hybrid smart contracts are about combining blockchain smart contract application capabilities, and the off-chain world’s proof and data and computations. This is a big leap forward because it redefines…

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Oracle Projects Surge in Value: Weekly Stats Show LINK, Band, DIA, API3 Captured 2-Digit Gains

Following the boom of non-fungible tokens (NFT) tied to NFT marketplaces and tools, oracle-based tokens are now seeing their valuations rise. During the last seven days, a number of oracle tokens have seen steep gains between 7% to even 45%. Oracles Token Projects See Seven Day Gains Jump Not too long ago, tokens associated with NFT markets and tools saw prices soar amid the non-fungible token hype. Just recently, Bitcoin.com’s newsdesk reported on the decline in NFT sales and NFT interest has dropped in recent times as well. Following the NFT-related pump, a great number of oracle protocol tokens are…

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Band v. Chainlink – Why are DeFi projects reversing their position?

Band and Chainlink are both building infrastructure that enables interoperability of smart contracts, and while these are two leading oracle projects in their own right, the rivalry and drama between the two seem to go beyond token sales and market capitalization. Off late, however, every time a DeFi protocol has announced its partnership with Band, […] The post Band v. Chainlink – Why are DeFi projects reversing their position? appeared first on AMBCrypto.

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Band Protocol’s CTO: I Am Not Nomi Chef (Sushiswap Lead Developer)

The cross-chain data oracle platform Band Protocol has published a statement refuting the claims that its Co-Founder and CTO Sorawit Suriyakarn is the creator of the SushiSwap protocol, despite arguments broached by the community. The Community Claims Suriyakarn Is Chef Nomi In the past few days, the lead developer of the popular SushiSwap protocol, standing behind the Twitter handle Chef Nomi, attracted lots of attention toward himself. He sold off all of his Sushi tokens to “stop caring about the price” and focus solely on coding. The controversial move had immediate consequences to SUSHI’s price as it plummeted by 70% at…

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Band Protocol (BAND) Forms Notable Sell Signal… Twice

After falling under $10 just a week or two ago, Band Protocol (BAND) has bounced back. The coin traded as high as $17 just on Tuesday after a notable partnership was announcement. BAND was also benefiting from an influx of capital into the digital asset markets, which pushed BTC in itself up around 4%. The leading cryptocurrency may be poised to reverse after an extremely strong rally. According to a Telegram channel for traders, the coin printed a notable sell signal. This signal could lead to a downside correction for Band, which is up exponentially in the past two months.…

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Band Protocol To Work With TRON And Create On-Chain DeFi Oracles

Band protocol to work with TRON on a new on-chain DeFi oracle solution which will make third-party developers able to utilize BAND’s oracle solution and to obtain tamper-proof price feeds and data sources as we are reading more in the TRON TRX news today. Reliable oracles are one of the main capabilities for a blockchain to acquire because they extend the utility of the sort of applications that can be built. The new partnership comes at a good time for both projects so Band Protocol to work with TRON means a secured Coinbase listing and an integration with the Binance…

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TRON Strategically Partners With Band Protocol For Scalable Oracle Technology & Extensive Integrations

TRON Network, one of the largest blockchain-based operating systems in the world, has strategically partnered and completed integration with Band Protocol to bring secure and verified decentralized oracles to power its rapidly growing DeFi and decentralized application space. Both teams are solving the blockchain scalability issue and have joined forces to bring high-throughput, customizable, and Read MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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TRON Partners with Band to Deliver On-Chain Oracles for dApps

TRON dApp developers have just acquired new capabilities after TRON announced a partnership with Band Protocol. The deal means that third-party devs will be able to utilize Band’s oracle solution to obtain tamper-proof price feeds and other external data sources. Reliable oracles are regarded as one of the most critical capabilities for a blockchain to acquire, significantly extending the utility of the sort of applications that can be built. The partnership arrives at a good time for both projects, with TRON shipping new products including JustSwap and BitTorrent File System, while Band has just secured a Coinbase listing and integrated…

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DeFi Party: OKEx Adds 8 DeFi Tokens At Once

The popular cryptocurrency exchange OKEx has double-down on its DeFi-related endeavors by listing several new assets from the field. Company CEO Jay Hao promised that OKEx will continue to observe and act accordingly to the growing DeFi trend. OKEx Lists 8 DeFi Tokens The Malta-based spot and derivatives cryptocurrency exchange announced the addition of eight “promising” DeFi tokens, thus “reinforcing its commitment to the expanding DeFi economy.” The assets are Band Protocol (BAND), JUST (JST), Ren (REN), Reserve Rights (RSR), Yearn.Finance (YFI), Nexus Mutual (wNXM), YFII.Finance (YFII), and Tellor (TRB). OKEx explained the addition of these particular tokens because they…

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Nervos integrates Band Protocol’s price feeds for decentralized apps

Nervos, an open-source public blockchain network, today announced the integration of Band Protocol, a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Integrating Band Protocol will allow Nervos developers and third-party applications alike to utilize price feeds, which are particularly useful for decentralized finance (DeFi) applications, and obtain other real-world data in real-time from verified external sources. Nervos’ integration of Band Protocol’s data oracle provides developers with access to trusted and verified external data, which is crucial when building decentralized applications (dApps) on the blockchain. For example, DeFi developers need price feeds to…

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LINK And BAND Increasing Together Is Great For DeFi Bull Run

LINK and BAND increasing together by 20% is a great thing for another DeFi bull run as the rest of the crypto market faced a strong pullback over the past days. For example, Maker shed 9% over the past day so let’s find out more in the latest chain link news today. There are a few cryptocurrencies that are outperforming such as LINK and BAND that both increased 20 percent gains in the past day alone after the strong retracement. The fund manager in the crypto space said that the recovery is well for the decentralized finance space which bodes…

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Binance Smart Chain Integrates BAND’s Oracles: Report

Binance smart chain integrates BAND’s oracles that can help build Defi activity while still protecting the users from vulnerabilities so let’s find out more in today’s Binance news today. Binance smart chain integrates Band Protocol’s oracles data that supports decentralized applications because as the Defi market cap grows, the demand for reliable data oracles also increases as it connects developers for real-world market prices by lowering transaction fees and accelerating settlements by boosting the scalability in DeFi. Oracles are capable of shielding users from Defi vulnerabilities like account security and the lack of regulation. Sriniwakoon explained:  “This recent development will…

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CoinMarketCap Launches Earn Program, Rewards Starting with BAND

The leading cryptocurrency data aggregator website CoinMarketCap has launched a new earning initiative for users. Dubbed CoinMarketCap Earn it will enable customers to watch educational videos and complete quizzes about certain digital assets and receive a pre-determined amount of coins as rewards. CMC Earn Is Live The official announcement from the popular data aggregator asserted that the new program will be a “place for crypto enthusiasts to learn more about a crypto-asset while getting crypto rewards for doing so.” The CMC Earn initiative will display a certain amount of campaigns that will run for eight days. One campaign will have…

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CoinMarketCap Launches Crypto Educational Program That Rewards in BAND Tokens

Today, Aug 12, CoinMarketCap (CMC)—a website that tracks the performance of different digital assets, announced a program that will see learners in select jurisdictions earn cryptocurrencies by completing educational tasks. For a limited period, CMC users will learn about the oracle problem and how solutions presented by the Band Protocol helps power the open finance, orRead MoreRead More. The post by Dalmas Ngetich appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Five Signs That BAND’s 30$ Correction Is At The Start

There are five signs that can clearly show how Band Protocol’s BAND token and its correction of about 30% is only beginning so let’s find out more in the upcoming altcoin news today. Band Protocol is one of the few best-performing crypto assets behind Chainlink. The altcoin increased by 300% month to date but had a 15% correction that started overnight. In today’s news, we will talk about the five signs that can show how the correction can only be at the beginning. The cryptocurrency market is on fire currently with almost every asset posting major gains in the past…

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BAND’s Recent Uptrend Is Backed By 42% Surge In Unique Addresses

BAND’s recent uptrend in price is backed by a 42% surge in unique addresses, still being one of the best-performing assets recently. In our latest altcoin news, we can see that BAND surged by 32% since the start of the year. A bigger portion of the gains came about over the past few days with the token’s uptrend turning parabolic as news broke of it being listed on Coinbase Pro. This listing brought a massive surge in integrations as it has fueled the uptrend. The price growth was not fleeting as the cryptocurrency was able to maintain the recent gain…

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Chainlink Competitor Band Token Grows 300% in 7 Days Setting New ATH

BAND, the native token of the Band Protocol, has grown by more 300% in just seven days. At the at time of writing, the token traded at $14.50 against the August 3 trading price of $3.86. On August 10, the token also touched a new high of $17.78 while the 24 hours traded volumes were $167.4 million. BAND’s surging price follows a flurry of new partnerships or integration announcements. The flow of positive news about the protocol climaxed with the listing of the token on Houbi August 9, a few days after another listing on Coinbase. Before the Huobi listing,…

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Key Comparison Shows BAND Has Lot Of Room Left To Grow

The key comparison data shows that Band Protocol (BAND) has still a lot of room left to grow as it becomes one of the best Defi coins with news of integrations on Coinbase Pro that ended up sending the price to a new all-time high as we are reading more in the altcoin news. The cryptocurrency was able to hold most of the gains and amassed a $162 million market cap as a result. One of the major competitors at the moment is Chainlink which was caught in the strong uptrend movements. The key comparison of the two assets market…

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Band Protocol Sees Huge Growth After Coinbase Pro Listing

BAND’s Band protocol sees huge growth after major oracle integration and the Coinbase Pro listing, which reflected in its soaring price as we are reading more in the latest altcoin news today. Band Protocol sees tremendous growth in the past few months as the latest integration secured by the protocol is with Elrond, the blockchain platform which will now be using Band oracles to provide data streams and improved scalability to the ecosystem. The goal of the partnership is to make decentralized applications existing within the Elrond ecosystem and to make them even more reliable and secure. Both of the…

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