Oracle – Ƀitsell X

Pyth Network Unveils Real-Time Bitcoin ETF Price Feeds, Bridging Defi and Traditional Finance

February 20, 2024

On Tuesday, Pyth Network announced the rollout of real-time price feeds for bitcoin exchange-traded funds (ETFs), enhancing the data’s availability to both decentralized finance (defi) developers and the wider crypto and traditional financial communities. These feeds encapsulate data from 13 bitcoin exchange-traded products (ETPs), offering valuable insights. Pyth Network Launches Real-Time Feeds for Bitcoin ETFs…
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Chainlink (LINK) pumps 26% in 6 days — Is there room for more?

November 9, 2023

The LINK token continues to strengthen as professional traders and enterprise solution clients enter Chainlink’s ecosystem. Chainlink’s LINK (LINK) token experienced a remarkable 26% surge between Nov. 2 and 8, approaching $14, a level not seen since April 2022. This solidified its position as the 10th largest cryptocurrency (excluding stablecoins) by market capitalization. While the…
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Was Chainlink’s (LINK) 35% rally just a buy rumor, sell the news event?

October 11, 2023

LINK outperformed most cryptocurrencies in September, but the recent correction raises questions on the sustainability of the bullish momentum. Since September, Chainlink (LINK) price has gained more than 25%, outperforming Bitcoin (BTC), Ethereum (ETH) and most altcoins. Currently, the project is the leading decentralized blockchain oracle solution and ranks 15th in terms of market capitalization…
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Ethereum price at $1.4K was a bargain, and a rally toward $2K looks like the next step

March 22, 2023

ETH’s correlation with tech stocks, its increasing total value locked and its deflationary token economics all suggest that the path to $2,000 is programmed. Ether’s price (ETH) reached $1,400 on March 10, which proved to be a bargain as the cryptocurrency rallied 27.1% until March 21, at the time of writing. However, the three reasons…
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BonqDAO protocol suffers $120M loss after oracle hack

February 2, 2023

An oracle hack allowed the exploiter to manipulate the price of the AllianceBlock token, leading to an estimated $120 million loss, according to Peckshield. A small decentralized autonomous organization (DAO) has suffered a rather sizeable smart contract exploit, leading to an estimated $120 million being stolen from its protocol. BonqDAO told its Twitter followers on…
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Chainlink eyes 25% rally ahead of LINK staking launch in December

November 29, 2022

LINK’s price could rally on speculations over Chainlink’s oracle services growth coupled with a supportive technical pattern. Chainlink (LINK) looks poised for 25% price rally in the days leading up to its staking protocol launch, based on several fundamental and technical facto. Chainlink price rallies ahead of staking launch The staking feature, which will go…
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Will Binance Oracle Hamper Chainlink Growth Amid The Bullish Run

October 30, 2022

Recently, the global leading crypto exchange Binance has created a record using Web 3. In addition, the giant crypto service provider recently unveiled its new decentralized Web 3 oracle network. The shift into Web 3 is skyrocketing gradually. More events, projects, applications, and activities are coming with more innovative additions. In addition, the new belief…
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Decentralized App BCH Bull Prepares for Launch, Platform Allows Users to Long or Hedge Bitcoin Cash Against a Myriad of Tradeable Assets

October 4, 2022

Just recently the developers behind the Bitcoin Cash-centric project Anyhedge released the alpha version of the Anyhedge Whitelabel and since then, 284 smart contracts were created onchain, and more than $32,900 in funds hedged using the alpha protocol. Furthermore, this month, General Protocols, the engineers behind Anyhedge, revealed the team plans to launch a decentralized…
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Compound cETH market bricked by update — 7-day wait on vote to fix it

August 31, 2022

The code bug has plagued the cETH market and has affected Compound’s front-end user face, but the CEO confirmed that “funds are not immediately at risk.” Decentralized lending platform Compound has been plagued by a code bug in a recent governance proposal to update its price feeds. The code error has “temporarily frozen” the Compound…
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While the Fed Monitors the ‘Ukraine Situation Closely,’ Powell Still Expects a Series of Quarter-Point Rate Hikes

March 3, 2022

Federal Reserve chairman Jerome Powell still expects to see interest rate hikes starting in March, but the Fed chief further stressed that the central bank will “need to be nimble.” In remarks prepared for members of U.S. Congress, Powell discussed the Russian invasion of Ukraine, noting that the “implications for the U.S. economy are highly…
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