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A very funny satire on cryptocurrency:
The Babylon Bee Guide To Crypto
https://babylonbee.com/news/the-babylon-bee-guide-to-bitcoin
Chainlink Joins Gitcoin Grants Round 10 as Matching Partner to Support Ethereum Infrastructure
"...The beauty of blockchains and smart contracts is the global, open-source nature of their development, with developers from around the world working together to make their underlying infrastructure more secure, increasingly functional, and easier to adopt for new users. It’s why blockchains like Ethereum have morphed into public goods, supporting numerous decentralized applications (dApps) that are currently enhancing how users monetize and exchange value across various market segments.
In support of open-source development, we are proud to join the upcoming Gitcoin Grants Round 10 as a matching partner. Our financial contributions will go towards the development of Ethereum infrastructure that the Ethereum community has deemed most important via Gitcoin’s quadratic funding model. By democratizing funding, Gitcoin incentivizes developers to build key infrastructure and tooling such as open-source programming libraries, lightweight Ethereum clients, new Ethereum 2.0 implementations, more reliable monitoring tools, new testing suites and deployment tooling, and more. Gitcoin also provides financial compensation via open-source grants for the maintenance of highly critical existing infrastructure to ensure Ethereum dApps remain secure and operational at all times..."
https://blog.chain.link/chainlink-gitcoin-grants-round-10/
They will eventually. And...
"As of December 31, 2020, 401(k) plans held an estimated $6.7 trillion in assets and represented nearly one-fifth of the $34.9 trillion US retirement market, which includes employer-sponsored retirement plans (both defined benefit (DB) and defined contribution (DC) plans with private- and public-sector employers)..."
401k providers allowing up to 5% of funds to be invested in cryptos is a large increase to what's invested today.
Now when you allow all the available global funds that'll be invested too than we're starting to talk real money.
IMF plans to meet with El Salvador’s president, potentially discussing move to adopt Bitcoin
This may shift exposure to all of cryptocurrency.
https://cointelegraph.com/news/imf-plans-to-meet-with-el-salvador-s-president-potentially-discussing-move-to-adopt-bitcoin
Cryptocurrency Comes to Retirement Plans as Coinbase Teams Up With 401(
k) Provider
In order to compete with large retirement 401k providers, some small retirement 401k providers have started offering a limited amount of funds to be in cryptocurrencies for their 401k investments.
"...A small group of workers will find something new in their 401(k) plan starting in July: the option to invest in cryptocurrency.
ForUsAll Inc., a 401(k) provider, announced earlier this month a deal with the institutional arm of Coinbase Global Inc., a leading cryptocurrency exchange, that will allow workers in plans it administers to invest up to 5% of their 401(k) contributions in bitcoin, ether, litecoin, and others..."
https://www.wsj.com/articles/coinbase-teams-up-with-401-k-provider-to-offer-crypto-11623317402
OVR Using Chainlink to Connect the Metaverse to Real World Data and Events
"...OVR is a decentralized platform for geolocalized Augmented Reality (AR) / Virtual Reality (VR) experiences, with a vision to merge the physical and the virtual world through AR. OVR allows users to build, host, and visualize AR/VR experiences that are customized to specific geographic locations..."
https://news.bitcoin.com/ovr-using-chainlink-to-connect-the-metaverse-to-real-world-data-and-events/
NFT Stars Will Integrate Chainlink VRF to Secure Its Winner Selection Process
"...NFT Stars, a multi-chain NFT marketplace is delighted to announce the integration of Chainlink Verifiable Random Function (VRF) on Binance Smart Chain. By integrating Chainlink’s industry-leading decentralized oracle network, we can obtain access to the tamper-proof and auditable source of ‘randomness’ needed for the selection of winners in NFT Mania. Ultimately, this will create a more exciting, transparent, and fraud-proof user experience, as users will benefit from having an unbiased chance of being selected as the winner of various NFT quests and draws..."
https://medium.com/nft-stars/nft-stars-will-integrate-chainlink-vrf-75e53a87c04
Request Network Collaborates with Chainlink to Unlock Crypto Payments for Businesses
"...We are excited to announce that Request has successfully integrated Chainlink, the market-leading decentralized oracle network, to enable crypto payment for invoices denominated in fiat like US dollars or Euros.
By leveraging Chainlink’s widely used Price Feeds, Request is able to offer an automated and decentralized fiat-denominated crypto payment solution with its Request Invoicing app. Now, users have strong assurances that they are receiving a fair amount of crypto assets (such as $ETH or $REQ) at the time of invoice payment..."
https://request.network/en/2021/06/08/request-chainlink-unlocking-crypto-payments/
My Strategy - I use the "coupling" of cryptocurrencies as a measure of where to buy:
Investing based on emotion (greed or FOMO) is the main reason why so many people are buying at market tops;
and (fear) selling at market bottoms.
Buying at the "fear" moments and staying the course through short-term volatility is often the key to longer-term success as an investor. (IMO)
Of course this strategy must be applied to a cryptos that have:
- 1-Security. 2-Decentralization. 3-Scalability. 4-Solve Problems. 5-Usability. 6-Demand. 7-Limited Supply.
- Cryptocurrency Terms and Easy-Explained Definitions.
- (Note) Speed, quality and reliability are assumed to be a subset of Usability.
Chainlink Keepers Open Beta Is Live: A Fully Decentralized Service for Smart Contract DevOps
"...Chainlink Keepers provide smart contract developers, decentralized applications (dApps), and decentralized autonomous organizations (DAOs) with a highly reliable, decentralized, and cost-efficient method of automating smart contract functions and regular contract maintenance, creating a never-before-seen form of fully decentralized DevOps capabilities. Smart contract applications can use Chainlink Keepers to strengthen the uptime guarantees of critical on-chain functions and achieve end-to-end decentralized automation without relying on an additional layer of trust. The result is DeFi and the broader smart contract economy having more robust infrastructure to scale and secure higher amounts of value for users..."
https://blog.chain.link/chainlink-keepers-open-beta-is-live/
Chainlink Keepers can perform a variety of compute operations, monitoring, and time- and event-based tasks for smart contracts, such as:
- Execute limit orders on decentralized exchanges
- Mint tokens when reserves increase
- Harvest yield from vaults
- Rebase elastic supply tokens
- Trigger automated trading strategies
- Liquidate undercollateralized loans
- Release locked assets after periods of inactivity
- Top up token balances falling below a minimum threshold
Plutos Network Will Integrate Chainlink Price Feeds to Secure Synthetic Asset Platform
"...Plutos Network is excited to announce that we will integrate the widely adopted Chainlink Price Feeds to secure our multi-chain synthetic asset issuance and trading services. The initial launch is slated for Binance Smart Chain, but we plan to add support for Chainlink price feeds on Solana and Polkadot in the future.
By integrating Chainlink’s industry-leading decentralized oracle network, Plutos Network will have real-time, tamper-proof, and highly precise price feeds for a wide selection of cryptocurrency and traditional finance assets. We will use these Chainlink-powered oracles to price synthetic assets on-chain during the minting, swapping, redeeming, and liquidation processes. Additionally, Chainlink’s blockchain agnostic capabilities allows us to integrate its battle-tested price feeds across many blockchains, amplifying the multi-chain nature and functionalities of Plutos Network. Ultimately, this will lead to better liquidity and zero slippage for Plutos users..."
https://medium.com/plutosnetwork/plutos-network-will-integrate-chainlink-price-feeds-to-secure-synthetic-asset-platform-41116d1c0e64
Related link:
https://medium.com/plutosnetwork
Project WITH will Launch Chainlink Node and Use Chainlink VRF to Enable Sports-Based Dynamic NFTs
"...Project WITH is pleased to announce a planned two-part integration with Chainlink, the market-leading decentralized oracle network. First, Project WITH plans to launch its own Chainlink node to bring data from the WITH marketplace on-chain for developers to leverage within their blockchain applications. Secondly, we plan to use Chainlink Verifiable Random Function (VRF) as a source of randomness for creating and distributing rare sports-based NFTs in a provably fair and secure manner..."
https://medium.com/projectwith/project-with-will-launch-chainlink-node-and-use-chainlink-vrf-to-enable-sports-based-dynamic-nfts-66e4b3ede89a
Blockchain Firm Figment Launches $16M Investment Arm to Fund Cosmos, Polkadot Projects
https://www.coindesk.com/figment-capital-investment-arm-fund-cosmos-projects
Chainlink price reveals new opportunity, as LINK could rally 40%
o Chainlink price building a cup-with-handle base on the four-hour chart.
o LINK supported above the 200-day simple moving average (SMA).
o Revolut, a leading contender to the classical financial system, is adding Chainlink to its platform.
https://www.fxstreet.com/cryptocurrencies/news/chainlink-price-reveals-new-opportunity-as-link-could-rally-40-202106022356
Related Article:
Revolut
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PERI Finance Will Integrate Chainlink Price Feeds to Secure PERI dApp Price Reliability
"...We’re excited to announce that PERI Finance — Building all kinds of synthetic assets on one DeX platform — will integrate Chainlink Price Feeds on ETH, EUR, BTC, USDC, ADA, LINK, DEFI, BNB, DOGE, XRP, iBTC. By integrating Chainlink’s industry-leading decentralized oracle network, PERI Finance will have access to high-quality, tamper-proof price feeds needed to enhance the reliability of the PERI price index...'
https://medium.com/perifinance/peri-finance-will-integrate-chainlink-price-feeds-to-secure-peri-dapp-price-reliability-16805d18ea11
Awesome news:
Blockchain Developer ChainSafe Receives Development Grant to Perform Native Integration of Chainlink into Cosmos SDK
https://www.crowdfundinsider.com/2021/05/176022-blockchain-developer-chainsafe-receives-development-grant-to-perform-native-integration-of-chainlink-into-cosmos-sdk/
Over 50 current fulltime job openings at ChainLink.
They must be pretty busy.
https://chainlinklabs.com/jobs?utm_source=chainlink&utm_medium=side-banner&utm_campaign=careers&_ga=2.264484239.1659248249.1622365452-104835604.1609419961
Graphic of ChainLink gathering "Real World Data", using oracles to convert to blockchain data (decentralized).
Example, IoT input such as:
o Connected appliances
o Smart home security systems
o Autonomous farming equipment
o Wearable health monitors
o Smart factory equipment
o Wireless inventory trackers
o Ultra-high speed wireless internet
o Biometric cybersecurity scanners
o Shipping container and logistics tracking
After converting this IoT input to decentralized blockchain data, ChainLink can provide this blockchain data via smart contracts for "Real World" data use. Such as:
o Medical sensors and monitors may be provided to hospitals.
o Walmart already uses IoT for tracking it's supply chain.
Imagine the various uses for just IoT blockchain data around the globe.
That's just one type type of input/output ChainLink uses.
How much will various AI projects need?
ChainLink currently is and will be the most reliable and secure source of "real world data" made available via the blockchain. They will become the blockchain internet and source for DeFi information and global AI.
This is why the following article was so important....ChainLink, with it's expansion of data, as described for ChainLink 2.0, will become the start of a leg of knowledge for AI.
Fetch.ai Integrates Chainlink Oracles Live on Mainnet, Connecting Real-World Asset Price Data To Autonomous Software
https://medium.com/fetch-ai/fetch-ai-integrates-chainlink-oracles-live-on-mainnet-connecting-real-world-asset-price-data-to-f90a22bc3393
Convergence of Blockchain, IoT, and AI
Poster's Note: Sept 2020 article but definitely worth reading if you haven't
"...Blockchain, IoT, and AI are key technologies driving the next wave of the digital transformation. We argue that these technologies will converge and will allow for new business models: Autonomous agents (i.e., sensors, cars, machines, trucks, cameras, and other IoT devices) will in the future act as own profit centers that (1) have a digital twin leveraging IoT, (2) send and receive money leveraging blockchain technology on their own, and (3) autonomously make decisions as independent economic agents leveraging AI and data analytics. We further argue that this convergence will drive the development of such autonomous business models and, with it, the digital transformation of industrial corporations..."
https://www.frontiersin.org/articles/10.3389/fbloc.2020.522600/full
Chainlink (LINK) Price Predictions: How Far Can Chainlink 2.0 Lift the LINK Crypto?
... Chainlink recently announced the release of a new white paper. In this white paper, the company outlined a shift toward smart contracts. Accordingly, these changes pave the way for a larger number of use cases. Users could utilize smart contracts to take advantage of the rise in Decentralized Finance (DeFi) applications and allow for arbitrary executables on its network...
https://investorplace.com/2021/05/chainlink-link-price-predictions-how-far-can-chainlink-2-0-lift-the-link-crypto/
Chainlink’s Founder Says DeFi and Oracles Can Help Fight Climate Change
"His comments come at a time when the energy consumption of cryptocurrencies, especially those that use the computationally intensive mining system pioneered by Bitcoin, has become a hot-button issue."
https://finance.yahoo.com/news/chainlink-founder-says-defi-oracles-015724300.html
For newbies:
Chainlink Has the Potential to Disrupt Traditional Finance
https://investorplace.com/2021/05/chainlink-potential-disrupt-traditional-finance/
Agreed. Like stocks, crypto currencies will always have a good percentage of novice investors that base their buying and selling by following the herd. No analysis.
I backed up the truck in the $18s too.
Summers Says Crypto Has Chance of Becoming ‘Digital Gold’
https://finance.yahoo.com/news/summers-says-crypto-chance-becoming-074337145.html
Why is the price of Bitcoin and other cryptocurrencies falling?
(Poster: 10 minute video produced by CBS news. (Solid information).
https://www.cbsnews.com/news/crypto-price-bitcoin-down-2021-05-23/
Recovery of cryptos starting in 3..... 2 ..... 1:
At 30% CAGR, CryptoCurrency Market Cap Size Value Surges to Record $5,190.62 Million by 2026
(Says Facts & Factors)
[225+ Pages Research Report] According to the recent research report; the global Cryptocurrency Market in 2019 was approximately USD 792.53 Million. The market is expected to surge at a CAGR (Compound annual growth rate) of 30% and is anticipated to surpass USD 5,190.62 Million by 2026. Top market players in the market are Bitfinex, Bitfury Group Limited, Bitstamp, Coinbase, Inc., OKEx, Circle Internet, financial Limited, Ripple Labs, Inc. and others.
https://www.globenewswire.com/news-release/2021/04/12/2208331/0/en/At-30-CAGR-CryptoCurrency-Market-Cap-Size-Value-Surges-to-Record-5-190-62-Million-by-2026-Says-Facts-Factors.html
IRS says cryptocurrency transfers over $10K will need to be reported
https://www.foxbusiness.com/markets/irs-cryptocurrency-bitcoin-tax-transfers-10k-reported
Excellent buying op. I already added.