All posts tagged: chainlink

PayPal, Venmo Expand Crypto Offering with LINK, SOL Tokens Owing to User Feedback

PayPal, Venmo Expand Crypto Offering with LINK, SOL Tokens Owing to User Feedback

Published by Webster

US-based payment platforms PayPal and Venmo have expanded their crypto offering with two new tokens — Chainlink (LINK) and Solana (SOL). PayPal Holdings, Inc., which parents both the platforms, announced the development through an official blog post over the weekend. The company claimed that it analysed the feedback from its user community to list these two tokens for buying, selling, and trading. In the coming weeks, Venmo and PayPal users will be able to engage with LINK and SOL. The PayPal leadership wants to offer better access to digital currencies to its estimated 434 million userbase. This comes at a time when the US is looking to create a conducive legal ecosystem for the crypto sector. Even though the regulatory environment around crypto was unclear in the US in 2020, PayPal had listed crypto tokens on its platform. Presently, Bitcoin, Ether, Litecoin, Bitcoin Cash, and PayPal USD are the other tokens available on the platform. “We’ve been listening to our users about what they want to do with crypto on our platforms. One piece of …

ADGM, Chainlink Sign MoU to Explore Compliant Tokenisation Rules, Cross-Chain Interoperability

ADGM, Chainlink Sign MoU to Explore Compliant Tokenisation Rules, Cross-Chain Interoperability

Published by Webster

The Abu Dhabi Global Market (ADGM) has signed an MoU with Chainlink to enhance Web3 awareness and explore advanced blockchain use cases. Announced on March 24, the partnership marks ADGM’s deeper engagement with Web3 solutions, focusing on cross-chain interoperability and tokenised asset utility. Chainlink will contribute its technical expertise and industry insights to support the research. Based on their findings, both entities plan to propose regulatory frameworks for blockchain adoption. ADGM, an international financial center in Abu Dhabi, introduced a virtual asset regulatory framework in 2018 and is now home to over 2,000 companies. Meanwhile, Chainlink is a decentralised oracle network that connects smart contracts with off-chain data. As part of the partnership, Chainlink has committed to providing its advanced suite of services to enhance the utility of tokenized assets while ensuring compliance, ADGM stated in its announcement. Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs has hinted that the partnership will focus on incubating and sustaining projects around tokenisation within the ADGM. “Our alliance will elevate the blockchain ecosystem in …

UBS Completes Pilot Project for Blockchain Solution to Streamline Tokenised Fund Services

UBS Completes Pilot Project for Blockchain Solution to Streamline Tokenised Fund Services

Published by Webster

Asset management firm UBS has announced that it has completed the pilot trial of a blockchain solution, that will help financial institutes streamline their service offerings around tokenised assets. The Switzerland-based firm currently has a market cap of over $104.3 billion (roughly Rs. 8.8 trillion). Diving deeper into blockchain use cases, UBS teamed up with Chainlink and the Swift network in order to conduct the pilot trials. The solution tested by Chainlink, Swift, and UBS is the “Digital Subscription and Redemption System” for tokenised funds. Chainlink is a decentralised blockchain network that connects off-chain data with smart contracts, while the Swift Network is a secure messaging platform used by financial institutions. Expanding on the development, Swift stated that the solution was created as part of Project Guardian, under the oversight of the Monetary Authority of Singapore (MAS). “The new pilot demonstrates how financial institutions can facilitate off-chain cash settlements for tokenised funds. This initiative would enable digital asset transactions to settle with fiat payment systems across more than 11,500 financial institutions, across over 200 countries …

Bitcoin, Ether Recover Pricewise After Brief Pullback, Shiba Inu and Chainlink See Minor Dips

Published by Webster

Bitcoin, that underwent a small price correction period recently, has returned to the profit-side of the crypto chart. On Thursday, March 7 Bitcoin minted a small gain of 0.12 percent that took its trading value to $65,002 (roughly Rs. 53.8 lakh). Over the last day, the value of BTC has spiked by $1,297 (roughly Rs. 1.07 lakh). Not just Bitcoin, but in the last 24 hours, the overall cryptocurrency market witnessed a notable rebound following the recent downturn. Ether is presently trading at $3,505 (roughly Rs. 2.90 lakh) after seeing a price rise of 6.69 percent on Thursday. In the last few hours, Ether did touch a yearly-high of $3,900 (roughly Rs. 3.22 lakh) before receding to its current pricing. “BTC faces a key resistance zone at $69,000 (roughly Rs. 57.1 lakh), although it remains supported by the 50-day Exponential Moving Average (EMA) indicating potential stability. On the other hand, ETH is eyeing the $4,100 (roughly Rs. 3.39 lakh) level as its next resistance, with strong support from the 20-day EMA on the four-hour chart,” …

Bitcoin Price Crosses the $18,000 Mark for First Time in 2023, Most Altcoins See Gains: All Details

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Bitcoin, along with several other cryptocurrencies recorded gains on Thursday, Gadgets 360’s crypto price tracker showed on Thursday. The world’s most popular cryptocurrency opened with a gain of 4.80 percent. At the time of writing, Bitcoin’s price stood at $18,208 (roughly Rs. 14.8 lakh). This is the first time that the cryptocurrency has crossed the $18,000 mark this year, as well as the first time in the last three months that Bitcoin has broken out of its resistance mark on both national and international exchanges. In the last 24 hours, the value of Bitcoin rose by $823 (roughly Rs. 67,170). Ether, like Bitcoin grew by 5.37 percent. When trading opened today, ETH prices stood at $1,402 (roughly Rs. 1.14 lakh), showed the crypto price tracker. The value of ETH spiked by $75 (roughly Rs. 6,121) within a day. Binance Coin, Cardano, Polygon, Litecoin, and Solana saw gains on Thursday. Meanwhile, coins like Polkadot, Tron, Avalanche, Cosmos, and Wrapped Bitcoin also recorded notable profits. Dogecoin and Shiba Inu, both the memecoins, continued to reel-in gains for …

Bitcoin, Ethereum Record Small Price Fluctuations, Stablecoin Prices Dip: All Details

Published by Webster

After two days of majority cryptocurrencies seeing gains, various cryptocurrencies saw their prices fluctuate on Thursday. Bitcoin, with a loss of 0.37 percent, opened trading at $16,816 (roughly Rs. 13.9 lakh). The value of the oldest cryptocurrency also remained unchanged on international exchanges like Binance, CoinMarketCap, and Coinbase. Despite the minor loss, BTC value has spiked in the last 24 hours by a total of $123 (roughly Rs. 10,175) and it remains below the $17,000 (roughly Rs. 14 lakh) price point. Ether saw a small value hike of 0.03 percent. The second-most valued cryptocurrency after Bitcoin is currently trading at $1,251 (roughly Rs. 1.03 lakh), as per Gadgets 360’s crypto price tracker. Stablecoins such as Tether, USD Coin, Ripple, and Binance USD all recorded small losses. Similarly, Litecoin, Polkadot, Tron, Solana, Uniswap, Leo, Chainlink, and Cosmos also saw dips in value. On the other hand, currencies like Binance Coin, Cardano, Polygon, Avalanche, and Monero saw gains on Thursday. Monero, Bitcoin Cash, Near Protocol, Bitcoin SV, Elrond, and Decentraland also minted profits. Both memecoins Shiba Inu …

BTC, ETH Reel-In Profits, Most Altcoins See Gains for Second Consecutive Day

Published by Webster

The crypto price charts reflected greens next to most cryptocurrencies on Wednesday, January 4. Bitcoin opened with a profit of 0.18 percent to trade at the price point of $16,693 (roughly Rs. 13.8 lakh). In the last 24 hours, BTC value has grown by $25 (roughly Rs. 2,070). The oldest cryptocurrency, although stooped drastically low in its value in the last one year, has emerged as a powerful asset class since its inception in 2008. In fact, yesterday marked the 14th anniversary of Bitcoin’s first ever block, called the Genesis block, being mined. Ether price spiked by 1.52 percent as the asset stepped inside the trading arena. ETH, at the time or writing, held firm on the price point of $1,230 (roughly Rs. 1 lakh), showed the crypto price tracker of Gadgets 360. Along with BTC and ETH, stablecoins such as Tether, USD Coin, Ripple, and Binance USD — rallied with profits. Binance Coin, Cardano, Polygon, Litecoin, Polkadot, and Solana reaped gains. Greens, indicating profits shaded altcoins including Uniswap, Avalanche, Leo, Wrapped Bitcoin, Cosmos, and …

BTC Opens at $16,570, ETH Joins Stablecoins in Recording Losses: First Monday of 2023

Published by Webster

The first Monday of 2023 did not open with quite the sparkle for the crypto market. Bitcoin, on January 2, barely grew with a 0.13 percent gain. At the time of writing, BTC values hovered around the price point of $16,570 (roughly Rs. 13.7 lakh). The first ever cryptocurrency to have ever existed maintained values around the similar price point on both, national as well as international exchanges. The reason why BTC, along with a big bunch of altcoins, opened with losses today is because traders put a halt stamp on their activities during the holiday season. “The price is attempting to move above the resistance at $16,600 (roughly Rs. 13.7 lakh). If buyers are able to maintain their momentum, the price of Bitcoin may rise above $16,700 (roughly Rs. 13.8 lakh) in the coming week,” Edul Patel, CEO and co-founder of Mudrex told Gadgets 360. Ether reeled-in a loss of 0.05 percent on Monday, showed the crypto price tracker by Gadgets 360. ETH is currently trading at $1,195 (roughly Rs. 98,855), which is just …

BTC, ETH Open Trading with Losses; Total Crypto Valuation Drops to $795 Billion

Published by Webster

Bitcoin on Thursday, December 29, stepped into the trading rink at the price point of $16,538 (roughly Rs. 13.6 lakh) after seeing a loss of 0.66 percent. The oldest cryptocurrency also traced a similar movement on international exchanges such as Binance and Coinbase. In the last 24 hours, the already low BTC values have dropped by $320 (roughly Rs. 26,490). Two days before the year 2022 comes to an end, the crypto market valuation sank to an extreme low and majority cryptocurrencies opened with significant losses. Ether prices also cascaded down the price ladder today. With a loss of 0.28 percent, ETH is presently priced $1,190 (roughly Rs. 98,590), as per Gadgets 360’s crypto price tracker. Stablecoins such as Tether, USD Coin, and Binance USD joined BTC and ETH on the loss-making side of the crypto chart. Among other altcoins that recorded value dips, Cardano, Polygon, Tron, Polkadot, and Litecoin — marked their names. Dogecoin and Shiba Inu — the two favourite cryptocurrencies for Indian investors, also failed to charm investors and stepped into the …

Bitcoin, Etherium Prices See Further Losses Today, Market Cap Stoops to Record Low

Published by Webster

After weeks of seeing minor losses in the charts, the prices of Bitcoin and Ether — the two top cryptocurrencies — have seen more declines in their respective values. Bitcoin on Wednesday, December 28, opened with a loss of 1.27 percent. While the loss percentage may seem minor, it did axe BTC prices even lower than what the asset had managed to maintain for around two weeks — $16,858 (roughly Rs. 13.9 lakh). BTC price, at the time of writing, stands at $16,627 (roughly Rs. 13.7 lakh) — marking a difference of $231 (roughly Rs. 19,136) from last day’s value. Ether also slipped down significantly on the price chart after Bitcoin. The crypto asset is currently trading at the price of $1,196 (roughly Rs. 99,156) after incurring a 1.96 percent loss, showed the crypto price tracker by Gadgets 360. Most altcoins opened with dips today. These include Cardano, Polygon, Polkadot, Tron, and Litecoin. Dogecoin and Shiba Inu along with Solana, Uniswap, Avalanche, and Chainlink also settled with losses. The current crypto sector cap stands reduced …