Chainlink leads the market with 61% weekly gain — What’s driving LINK price?
LINK price pulled off a shocking double-digit rally over the past week, but exactly what is behind the move? Go to Source
Oracles
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Decentralized exchange GMX votes to use Chainlink low-latency oracles
A Chainlink exec said the oracles will improve GMX’s security by providing a more “strong degree of tamper-resistance when settling user trades.” Go to Source Powered by WPeMatico
Blockchains need an interoperable standard to evolve, say crypto execs
Blockchains without interoperability are like computers without an internet connection — incapable of transferring data and value, a Chainlink Labs executive says. Go to Source Powered by WPeMatico
Solana-Based Defi Protocol Mango Markets Loses $117 Million in Hack, Exploit Allegedly Revealed in Project’s Discord in March
According to various reports, the Solana-based trading and lending platform Mango Markets was hacked as a malicious actor was able to siphon $117 million from the protocol. An analysis of the hack published by Certik explains that the attacker manipulated the price of the project’s native token mango (MNGO) which allowed them to borrow $117 … Read more
Value Held by Blockchain Oracles Slides 61% in 7 Months, Chainlink Dominates by 45%
While the crypto economy has shed significant value, losing more than $2 trillion since the highs recorded at the end of 2021, a great deal of value was erased from smart contract platform tokens and decentralized finance (defi) protocols. One sector of the defi ecosystem that’s recorded heavy losses this year is the blockchain oracles … Read more
Chainlink and CF Benchmarks to Bolster Onchain Transparency via CF Bitcoin Interest Rate Curve Product
On Wednesday, the decentralized oracle network platform, Chainlink, announced the launch of a market-wide interest rate product for Web3 protocols and the decentralized finance (defi) economy, called the CF Bitcoin Interest Rate Curve (CF BIRC). Chainlink revealed the new product at Smartcon 2022 in New York City, and the newly launched CF BIRC product aims … Read more
FBI Warns About Decentralized Finance Exploits and the Losses Associated With Them
The United States Federal Bureau of Investigation (FBI) has issued a public service announcement about exploits attackers have recently used to steal cryptocurrency from investors that put money on decentralized finance (defi) platforms. The organization also advised crypto investors to do their own research and verify that the decentralized finance platforms chosen were audited by … Read more
This oracle data provider platform has surpassed 4 million nodes since inception
The protocol has weathered multiple bear markets and has nearly 250 million data payloads and counting. Go to Source Powered by WPeMatico
Accuweather Collaborates With API3 in Order to Provide Blockchain-Powered Weather Data
On June 1, the American media company that provides commercial weather forecasts, Accuweather, announced it is tethering weather data to blockchain technology by hosting an API3 Airnode. The company revealed that it is collaborating with blockchain oracle provider API3 and Web API operators will be able to access Accuweather’s onchain weather data. Accuweather Exec Believes … Read more
Chainlink Verifiable Random Function v2 goes live on mainnet
Chainlink VRF v1 had previously crossed 3 million request transactions from NFT projects and blockchain games. Go to Source Powered by WPeMatico