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Augur Will Use Chainlink To Cut Costs On Sports Betting: Report

Augur will use Chainlink to cut costs on sports betting and will attempt to get rid of the intermediaries as we read more today in our latest chainlink news. The decentralized predictions market Augur will use Chainlink to launch a new platform Augur Turbo aimed at the fast-growing sports betting market. The new offering will try to cut costs and intermediaries as Augur claimed: “Traditional betting exchanges are highly centralized and introduce a large number of restrictions on users, such as limiting payouts and withdrawals, siphoning fees of 5-10%, and limiting the types of markets that can be created.” To…

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Chainlink’s Founder Nazarov Believes DeFi Market Could Hit $1 Trillion

Chainlink’s founder Nazarov is quite optimistic about the future of the Defi market and believes that It could hit $1 trillion in the near future as we can see more in our latest LINK news. Nearly $80 billion is now locked up in DeFi as of last year and Chainlink’s founder Nazarov Sergey thinks the DeFi ecosystem will hit $1 trillion next year. When asked about his predictions for the cryptocurrency during a panel at this year’s Ethereal Summit, he said that the “value locked in Defi will have another zero next to it next year. So if it’s at…

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Grayscale Added LINK To Its Portfolio As Institutional Demand Rises

Grayscale added LINK to its portfolio as the institutional demand rises which could eventually boost the LINK price so let’s read more in our latest Chainlink news today. The crypto fund Grayscale added LINK to its portfolio as the move came a few weeks after the company launched a new trust fund and offered institutional investors more exposure to the token’s movement in price, according to the announcement. The world’s largest digital currency asset manager said that they have been selling the Fund Components in proportion to their respective weightings and even used the cash proceeds to purchase LINK accordingly…

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Chainlink Can Help Secure Polkadot’s Environment And Here’s How

Chainlink can help secure Polkadot’s environment now as the platform integrated with Chainlink and incorporated its oracle services into the multi-chain environment so let’s read more In today’s Chainlink news. The different teams that are building on Polkadot will be able to count on the “flexible and reliable” solution to feeding the parachains with more information. The price Feeds were enabled as a Substrate Oracle pallet that can be accessed by any other pallet that is integrated into the parachain. The deployable applications will have another functionality and as per the press release from the team we can see that:…

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LINK Price Oracles Are Coming To Polkadot (DOT): Report

LINK price oracles are now coming to Polkadot so the parachains on the network can access Chainlink’s wide range of time-test and high-quality on-chain price feeds so let’s read more about it in our latest chainlink news today. Parachains based on the Polkadot Substrate framework can integrate Chainlink’s price oracles data feed in a form of a module as the companies announced today:  “Chainlink Price Feeds are now available as an oracle pallet to all Substrate, Polkadot, & Kusama chains. This gives teams building across the Polkadot ecosystem a standardized, easy-to-integrate, & time-tested oracle solution to support their DeFi apps.”…

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LINK Hits $30 As Grayscale Added More Coins To Its Reserves

LINK hits $30 as of today, with Grayscale adding 115,570 tokens to its reserves, prompting the price of the asset to surge by 5.10% as we read more in our latest chainlink news today. The LINK/USD exchange rate reached a new weekly high before correcting lower in the early London session. The uptrend came as a part of the broader bullish trend across the market but LINK hits $30 either way as a part of Grayscale’s boost overnight. The data fetched by ByBt.com shows that the investment company purchased 115,570 LINK tokens for their Grayscale Chainlink Trust which includes the…

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LINK Hackathon Offered $125K In Bounties, Will It Surge To $100?

LINK hackathon just offered $125K in bounties, with a start date of March 15th, recording more than 3500 participants as we learn about it today in our latest chainlink news. According to an official blog post, the participants are building the next generation of smart contracts, and now with the LINK hackathon, the participants have the chance to claim the $125K bounty until today because the registry ends today. The post claimed: “The three-week event is an opportunity for developers throughout the Chainlink ecosystem to connect, collaborate, build and showcase innovations in DeFi, NFTs, gaming and universally connected smart contracts…

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LINK Faces Grim Downturn That Could Lead To $6.85: Analysis

LINK faces grim downturn which could lead the price to $6.85 price level as we are about to read more in the chainlink coin news. Chainlink’s price action was quite bearish lately when the cryptocurrency was unable to hold above the $10.00 despite its technical strength that resulted from its recent rebound at $7.00 region. it now seems that the v-shaped recovery that was posted from these lows was not good enough o alter the near-term outlook as it seems to be at risk of seeing further downsides. The weakness came about as a result of the turbulence in the…

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New Inflow In DeFi Could Spark LINK’s Bullish Momentum

This new inflow of decentralized finance capital can propel Chainlink’s bullish momentum continuum. The whole value that is in DeFi applications has managed to go beyond $11 billion and is still going up, so let’s read more in our latest chainlink crypto news. This is why this crypto that is extremely crucial to DeFi data can grow even more together with this fast-growing statistic. The DeFi movement that influenced the bringing back of the crypto market from its bearish momentum is in the attention of the financial world. The newfound ways in which you can access financial applications circumventing central…

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New in Chainlink: More DeFi Price Feeds, Gitcoin Support, Novel Integrations, & More

Follow decentralized oracle project Chainlink even casually? Then you know its builders and community move fast and stay busy, so keeping up with all the happenings around the Chainlink ecosystem is no small feat. No worries, though: in today’s post we’ll catch you right up by breaking down Chainlink’s biggest highlights from the past two weeks. First up, let’s talk the project’s bread and butter, i.e. price feeds. New Price Feeds Chainlink’s oracles help smarten up on-chain smart contracts by serving as reliable bridges by which they can access off-chain data. The most dominant of Chainlink’s “bridges” today are its…

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LINK Downtrend Could Bring New Lows Despite Record Rebound

The LINK downtrend could bring more lows for the cryptocurrency despite the recent record-breaking rebound that closed an intraday rally with more than 30%  gains on the day. The recovery led the price higher but has since turned around at the top of the downtrend channel which was holding so far as we are reading today in our chainlink news. The LINK downtrend could lead the cryptocurrency lower according to the latest factors visible on the charts. Last week, after hitting new lows, Chainlink rebounded from less than $8 back up to over $11 at the local high. The 30%…

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Chainlink Pushed To The $12.00 Level, Will The Bulls Break It?

Chainlink pushed to the $12.00 level after being one of the most volatile altcoins over the past few days and weeks with the buyers and sellers trying to control the near-term. In our chainlink crypto news today, we are reading more about the price analysis. The push to the new level resulted in the cryptocurrency seeing some large price movements with a bout of the capitulation leading the price to the lows of $7.50 earlier this week before the bulls stepped up and sent the coin to $11.20. The intensity of the rebound did well for the bulls because it…

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Theta Labs Video Platform To Collaborate With Chainlink: Report

The Theta Labs video platform that is also decentralized, will collaborate with the smart contract Chainlink to fight the $19 billion global issue of online video and fraud according to the latest press release in our latest chainlink news. According to the website, Theta Labs video platform is a decentralized delivery network that has its own blockchain that is specifically designed for incentivizing the sharing of the bandwidth. The company noted that today’s content delivery networks have no reach which causes the videos to re-buffer and has high load times in countries across the world. Skyrocketing data needs means that…

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LINK Analysts Predict There’s More To Come After 15% Surge

LINK analysts predict there’s more to come after the recent 15% surge and embarked a strong recovery in the past day after plunging over 50% as we reported in the latest Chainlink crypto news. The coin is now trading up by 15% in the past 24 hours meaning that it’s on the verge of reclaiming the $10 support level. LINK’s recovery came after bitcoin underwent a strong bounce after dipping under the $10,200 price level on Wednesday. BTC now trades at $10,700 at the time when the article was written which is just about 5% above these lows levels. Chart…

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Do Or Die Technical Level For Chainlink Formed After 50% Drop

Do or die technical level was formed for chainlink recently after the 50% drop over the past few weeks and is now trading around $8.50 far below the highest level of $20 as we are reading further in the latest Chain link news. The cryptocurrency’s correction came after the major altcoin underwent a strong plunge after Ethereum dropped through key supports. Chainlink could become quite vulnerable to a bigger drop as the crypto approaches do or die technical level. One trader noted that if LINK manages to bounce off, it will find support soon enough. This bearish assertion came after…

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LINK Forms Pivotal Bullish Reversal Sign After Recent Drop

LINK forms pivotal bullish reversal sign after it dropped by 50% and undergone a strong rejection over the past few days as we reported in the chainlink crypto news. The coin traded down by 13% over the past day dropping below the $9 sign for the first time in weeks. Since the all-time highs set of a few weeks ago, LINK got down by over 50% which is worse than the performances of other altcoins. Chainlink forms pivotal bullish sign and it could bounce soon as these have been formed. It’s important to note that while the cryptocurrency could have…

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Historically Correct Analyst Says LINK Will Move Above $20

A historically correct analyst believes that Chainlink’s LINK will go over the $20 price point despite the strong correction over the past weeks. The coin is now trading at $10 which is around 50% below the all-time high set at the $20 as we reported in the chainlink crypto news. Despite the strong drop, analysts remain optimistic about the LINK price prospects. The historically correct analyst who predicted that bitcoin will start a V-shaped reversal to the $10,000 range, now believes that LINK has an optimistic future ahead. He commented:  “Stinkbids on $LINK at $8-9 and accumulating some now around…

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Chainlink’s Bottom Seems Close As Altcoin Crashed 30% In 2 Weeks

Chainlink’s bottom seems close enough as the altcoin crashed by 30% in the past two weeks as we can see in the charts in our latest chain link news. Against bitcoin, LINK dropped through the crucial 0.001 BTC support and is now trading around 0.00097 BTC. Chainlink was dire during the trading session in September and it was also struggling since mid-August when it dropped from $20 with the bulls nowhere near to curb the drop. The asset dropped again from the previous level of $16 to hit a new low of $9.00. The buyers managed to regroup and to…

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Chainlink Seems Weak, Flashes Signs Of Bearishness: Analyst Opinion

Chainlink seems weak and heavy with signs of bearishness after witnessing strong selling pressure over the past few days. LINK was unable to mirror the gains that were set by Bitcoin so let’s see what the price analysis looks like for this asset in our Chainlink crypto news. The losses struck a huge blow to the technical outlooks and they could even open the gates for more downside pressures in the upcoming weeks and months. Looking at the technical outlook probabilities, one analyst said that Chainlink seems weak and awaits for the coin to see further downsides unless the bulls…

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Crypto.com Adds Chainlink Price Feeds To DeFi Wallet As New Gateway

Crypto.com adds Chainlink price feeds to its Defi wallet as a new gateway option as it begins expansion into the booming DeFi space as the company chief operating officer Eriz Anziani said:  “I would say with the partnership with Chainlink is kind of our first integration with a DeFi protocol, it brings value to our customers in terms of providing transparency in the prices that we’re giving them in our DeFi wallet and also making sure our ecosystem token CRO can be integrated into the external protocol by building a price feed for CRO specifically thanks to the Chainlink architecture.”…

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