CipherTrace and Chainlink Just Made DeFi More Compliant

CipherTrace’s DeFi Compli, a new compliance oracle on Chainlink, assists DeFi projects in following OFAC sanctions and block blacklisted cryptocurrency addresses. CipherTrace to Keep DeFi Compliant DeFi Compli is targeted at helping DeFi projects be compliant with the Office of Foreign Assets Control (OFAC), a financial intelligence agency that enforces economic sanctions supporting U.S. national security. DeFi Compli has been developed on Chainlink, a decentralized oracle network that connects real-world data with any blockchain. As part of the solution, CipherTrace will implement a Chainlink node and provide relevant compliance feeds…

Chainlink releases native Substrate module to bring its oracles to Polkadot

Polkadot and Chainlink have announced the release of Chainlink’s Price Feeds as a module, or “pallet” in Polkadot terminology, for the Substrate blockchain framework. The release means that any project building on the Substrate framework — which includes Polkadot and Kusama parachains, as well as independent blockchains — can integrate Chainlink oracles through a simplified library. The announcement comes as the latest result of a long-standing collaboration between Chainlink and Polkadot, now offering a tangible product that can enable a number of DeFi-centric use cases on Polkadot. The integration as…

Chainlink Whales Sell With Little Support Ahead

Key Takeaways Chainlink has endured a month-long consolidation period without providing any clear signals of where it is heading next.  On-chain data shows that mid-sized whales have been selling or redistributing their holdings, adding credence to the bearish outlook.  Only a daily candlestick close above the $29 resistance barrier could save LINK from a 43% correction.  Share this article Chainlink looks indecisive from a technical perspective, but on-chain metrics suggest mounting downward pressure with little to no support underneath it.  Chainlink Consolidates Within Narrow Range Chainlink continues consolidating without providing…

3 key Chainlink price metrics signal LINK is gathering strength

Chainlink (LINK) has had a pretty rough month, dropping as much as 45% after marking a $37 all-time high on Feb. 20. While the recent losses may look surprising when compared against other altcoins’ gains, LINK still managed to rally 640% over the past nine months. Therefore, there should be no reason to interpret the failure to sustain above $32 as a trend reversal. On-chain indicators like daily active addresses and transactions, along with the open interest on futures contracts, continue to display strength. Chainlink price at Binance, USDT. Source:…

Chainlink Eyes New All-Time High Following Grayscale Listing

Key Takeaways Chainlink rose by more than 14% within minutes after Grayscale revealed it would create a LINK Trust. Given the significance of the news, LINK seems primed to advance further. The lack of significant resistance suggests that this cryptocurrency could rise to new all-time highs. Share this article Chainlink made headlines after Grayscale announced that it would launch a new LINK trust fund for institutional investors, with the token’s price surging by 14%. Chainlink Pumps on Grayscale News Decentralized oracles token Chainlink resumed its uptrend after Grayscale revealed that it…

Chainlink rolls out OCR system upgrade, reducing gas costs tenfold

Chainlink (LINK) has launched a major upgrade for its oracle network, dubbed Off-Chain Reporting, or OCR. The upgrade was announced on Wednesday, though the implementation has been live for some time already. OCR changes how data across multiple sources is joined together by the oracle network. Previously, the process of aggregating different readings of the same desired input, for example a token’s price, was done on-chain. Chainlink nodes would submit their individual readings of the data, which would be verified by a smart contract on Ethereum and other blockchains. This…

Radix, Chainlink, Aave, Messari and others launch GoodFi crypto alliance

Some of DeFi’s biggest players have joined forces to launch a new alliance geared towards furthering the education, research and best practices of the nascent industry.  The GoodFi alliance includes crypto projects Chainlink, Aave, Radix and mStable, as well as digital analytics company Messari. Piers Ridyard, CEO at Radix, told Cointelegraph that GoodFi “enables companies operating in the DeFi space to collectively work to solve the issues facing a wider base, starting with the generally “crypto-engaged” but building to a mainstream audience.” As members of GoodFi, companies can share strategies…

Chainlink hits new highs, but is LINK about to pull another 150% parabolic move?

You could literally hear the Bitcoin (BTC) hodlers cheering from the rooftops as the world’s largest whale publically entered the market this week. But as Bitcoin screamed toward $50,000, altcoin hodlers looked on in horror as their portfolios began shrinking in terms of BTC. However, the Elon pump has possibly created a massive buying opportunity for many altcoins on the BTC paired charts. One coin, in particular, has been letting the side down, namely LINK. It seems like only yesterday that Zeus capital got rekt shorting LINK as it pumped…

Chainlink Bulls Shatter Resistance, Primed for New Highs

Key Takeaways Chainlink recently printed a new all-time high of $27. Now that LINK is back in price discovery mode, the technicals point to higher prices. If buying pressure continues mounting, this cryptocurrency could target $33.   Share this article Following an extended stagnation phase, Chainlink sliced through a critical resistance barrier that could see it rise to new record highs. Chainlink Resumes Bull Rally Chainlink has a year-to-date return of more than 130% after recently rising to a new all-time high of $27. Despite the significant gains incurred within such…

Kraken to Run Chainlink Node, Making Spot Prices Available to DeFi Apps

Kraken’s new Chainlink node will make the exchange’s spot prices available to DeFi applications and other blockchains. Kraken’s Oracle Data Now Accessible in DeFi Kraken today announced that it was “critical” to make its in-house crypto data directly accessible on-chain for optimal execution on DeFi apps. The node will allow the exchange to broadcast its oracle data on any blockchain moving forward. Users will be able to use Chainlink’s signing capabilities to demonstrate proof of the data’s origin for security purposes. Kraken Chainlink Node The decision to run a Chainlink…