The total value secured by the Chainlink network has officially surpassed $75 billion, marking a new milestone for the decentralized oracle solution that has become synonymous with price data services for the rapidly growing DeFi sector. With the milestone, Chainlink has become “one of the most value securing forms of decentralized consensus on the planet,” according to protocol co-founder Sergey Nazarov. Chainlink is also one of the fastest-growing networks in all of crypto, with smart contract value secured growing by a factor of ten since last year. 2020 was a year of record growth for the #Chainlink Network. Here’s an …

The value settled on the Bitcoin network has been surging recently, reaching a new daily all-time high last week. Bitcoin’s daily settlement value hit an all-time high on Wednesday, with $31 billion worth of transactions being settled on-chain using the Bitcoin network. The record high marks an increase in the network’s daily settlement volume of approximately 40 times since the beginning of 2020. There was $31 billion of value settled on the bitcoin network in a single day last week. This is an all-time high for a single day of settlement value. The global, decentralized payment system continues to become …

By his own admission, Lee Cooperman still does not understand Bitcoin (BTC), despite its being up more than 300% since early December 2017. Speaking to CNBC on Thursday, the billionaire investor alluded to people his age having a hard time understanding Bitcoin, adding: “I’d be very careful with Bitcoin; I don’t think it makes a great deal of sense and if you are nervous about the world, gold — to me — would be a better place to store value.” Cooperman’s statements on Thursday are in keeping with previous comments about Bitcoin. Back in December 2017 when BTC was on …

An important part of preserving investing profits is knowing when an asset or sector is showing signs of exhaustion and when a sector rotation is underway. This is especially important in the rapidly moving cryptocurrency markets, which can change direction in a heartbeat and turn crypto millionaires into depressed bag holders. Most investors know that the nonfungible token (NFT) sector has been on fire since July, and as CryptoPunks, Mutant Ape Yacht Club and pet EtherRock NFTs fetched six- and seven-figure sums, while top NFT marketplace OpenSea surpassed $4 billion in total sales. While the frenzy has been exciting, many …

The Ethereum network continues to enjoy being the top smart contract platform in the blockchain industry. However, the competition is slowly gaining market share because high costs and network congestion are still challenges for the protocol. One project that has been gaining traction in August is Fantom (FTM), a layer one smart contract platform that utilizes a directed acyclic graph architecture as a means to solving the problems of slow transaction speeds and high transaction fees. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.15 on July 20, the price of FTM rocketed 500% …

Gold proponent and crypto skeptic Peter Schiff has been crowned the winner of a debate on whether gold is a superior store of value to Bitcoin (BTC). Schiff was facing off against Skybridge founder and former politician Anthony Scaramucci in a debate hosted by Intelligence Squared on Wednesday. Before the gold vs. Bitcoin debate began, a poll scored 38% of the online audience in favor of the precious metal, 26% for BTC, and 35% as undecided. Schiff had been able to swing a significant number to the precious metal by the end, with final results tallying in at 51% for …

Controversial Canadian psychologist Jordan Peterson appears to have turned onto Bitcoin (BTC) in the latest episode of his podcast. On Tuesday, Peterson published a podcast titled “Bitcoin: The Future of Money?” which hosted a panel of Bitcoiners including John Vallis, the host of the Bitcoin Rapid-Fire podcast; Bitcoin coder Der Gigi; film creator Richard James; and Robert Breedlove, ex-hedge fund manager and host of the What is Money? show. In the video, Peterson, who claims to have an IQ of around 150, puts forward a succinct description of the innovation from which Bitcoin derives its value: “It’s a very interesting …

Decentralized finance (DeFi) has been a big part of the explosive growth seen across the cryptocurrency ecosystem in 2021, with decentralized exchanges like Uniswap and SushiSwap and lending protocols like Aave and Compound adding a new dimension of token utility. Data from Messari’s DeFi Assets index shows that over the past 30 days, a majority of the top 10 DeFi tokens gained more than 20%, with the top gainer, Terra (LUNA), seeing its price increase more than 116%. Three developments make the bullish case for DeFi tokens: a rapidly recovering total value locked, rising trading volumes on decentralized exchanges and …

Bitcoin (BTC) investors are known for being bullish, and even during 50% corrections like the current one, most analysts remain optimistic. One reason for investors' endless optimism and belief in infinite upside could be BTC's decreasing issuance and the 21 million coins fixed supply limit. However, not even the most accurate models, including the stock-to-flow (S2F) from analyst Plan B, can predict bear markets, crashes, or FOMO-induced (fear of missing out) pumps. Traders usually misinterpret these concepts as value and price expectations can be easily mistaken. Bitcoin does not exist in a vacuum, even if BTC maximalists think so. Therefore, …

Charlie Munger, billionaire investor and vice chair of Warren Buffett’s Berkshire Hathaway conglomerate, did not mince words when it came to describing his feelings on crypto. In the Berkshire Hathaway Annual Shareholders Meeting streamed live on Saturday, Munger addressed questions from investors alongside his fellow billionaire. While Buffett said he would intentionally dodge a question on whether cryptocurrencies were “worthless artificial gold,” Munger’s response was more direct, positing that the questioner was just “waving the red flag at the bull” in addressing him. “Of course I hate the Bitcoin success, and I don’t welcome a currency that’s so useful to …

A crypto artist known as "Neitherconfirm" recently listed 26 nonfungible tokens, or NFTs, for sale on OpenSea's digital marketplace. Things took an unexpected turn earlier Tuesday, however, after the artist changed the images associated with each token from computer-generated portraits into photos of literal carpets. It's a knowing comment on a DeFi token exit scam known as a 'rugpull' where a little known token suddenly collapses when liquidity disappears, metaphorically pulling the rug out from under victims' feet. The art pieces, which originally featured people and animal faces in a seemingly stained-glass style, are now nothing more than an expensive …

On Wednesday, British cryptocurrency mining company Argo Blockchain revealed that CEO Peter Wall is now the first executive of a publicly traded company to take their entire salary in Bitcoin (BTC). In a February operational update, the company — which trades on the London Stock Exchange under the ticker ARB — said that as of Monday, Wall began taking his salary in the cryptocurrency and that “Any other Argo team members may choose to be paid in Bitcoin for part of or all of their salaries.” In an interview with Cointelegraph, Wall said that the decision was an obvious one …