Components of Chainlink So first, let’s begin with something that we know is the most important piece of Chainlink, the service agreement, which involves staking, which involves decentralizing the entire network of Oracle nodes. So if you didn’t know Chainlink is live for trading, the main net there is a network of Oracle nodes providing…
DeFi boom and Bitcoin rally position NEXO to close 2020 with a 480% gain
Over the past three months NEXO token, the native asset of Nexo’s blockchain-based lending platform, has increased by more than 480%. Since Bitcoin (BTC) traded for $10,000, NEXO price has closely tracked BTC but the performance is somewhat lackluster when compared to the 1000% rallies seen from a handful of DeFi tokens. NEXO/USDT daily chart.…
Terra Protocol (LUNA) rallies 66% after DeFi and stablecoin launch
Throughout 2020 a handful of new stablecoins launched and many analysts have suggested that stablecoin growth is the backbone of the crypto sector and partially responsible for the current Bitcoin rally. For many traders, stablecoins provide a safe place to shelter during volatile periods in Bitcoin and altcoins but there are other ways to interact…
Bitcoin Price Tops $24K, Setting New All-Time High
Bitcoin Price cut through $24,000 Saturday afternoon, setting a new record high as the leading cryptocurrency’s ongoing rally continues through the weekend before Christmas. The price of the leading cryptocurrency continued its recent torrid run, setting a new all-time high of $24,122.67 before falling back to $23,978.86, up 5.49% on the day. The record price…
Save yourself from Financial Crisis, Invest in Bitcoin Now!
Financial crisis always exists, but when you have the right plans then you don’t have to worry about the whole global financial crisis as you always have security saving with you at times of trouble that is very unexpected like the Corona Pandemic outbreak. According to World Bank forecasts given on June 8, 2020, the…
Price analysis 12/18: BTC, ETH, XRP, LTC, BCH, LINK, ADA, DOT, BNB, XLM
Christopher Wood, the global head of equity strategy at Jefferies, has dumped five percent of their physical gold position in order to buy Bitcoin (BTC). This move shows that a growing number of institutional investors consider Bitcoin to be at par or a better store of value than gold. Wood also said that if Bitcoin…