you can either:

In this technical tutorial, we’ll walk through both approaches and share code examples to help you build, deploy, and test your smart contract. First, let’s quickly cover the importance of data quality and end-to-end decentralization when feeding external inputs into your smart contracts.

This year has seen an explosive growth in DeFi protocols, with the total value locked (TVL) in DeFi skyrocketing from $680M in January to now over $14B. These DeFi protocols rely on outside price data as their data source, because a blockchain cannot natively access external data. In addition to this, these applications need to provide data quality guarantees to protect their applications from exploits such as price oracle attacks.

Chainlink Price Feeds mitigate the risk of these attacks by providing aggregated data from various high quality data providers, fed on-chain by decentralized oracles on the Chainlink Network. Chainlink’s decentralized oracle mechanism ensures the final price values reflect broad market coverage, meaning the final price is determined after aggregating a diverse set of prices across the entire market, rather than just a small subset, while also taking into account other aspects such as volume and liquidity.

Now that we understand the need for accurate and reliable price data in Solidity smart contracts and the important role that Chainlink Price Feed oracles play, we’ll go through an example of using a Chainlink Price Feed to obtain the latest price of Ethereum in a Solidity smart contract. The steps below also apply to Bitcoin and other cryptocurrencies.

Chainlink Price Feeds use multiple high quality data inputs and aggregate them through a decentralized network of Chainlink oracles that feed price data into reference contracts, where the results are again aggregated in an Aggregator Smart Contract as the latest, trusted answer. By using multiple sources of data aggregated by multiple nodes, we can ensure our price data is of the highest quality, and not subject to exploits or price oracle attacks.

The first step is to obtain testnet ETH to use as gas in your smart contract. Once you have some ETH, the easiest way to start building a smart contract that uses Chainlink Price Feeds is to begin with the standard Price Consumer contract. This is a basic contract for initiating requests to Chainlink Price Feeds. For the purposes of this demo we will use the ETH/USD Price Feed already defined in the standard Price Consumer contract, but we’ll walk through each section of code so you understand how it works.

First, we can see the AggregatorV3Interface contract interface was imported. This allows our smart contract to reference the on-chain Price Feeds on the Kovan testnet. An instance of it is then created in a local variable.

Next, we can see a Price Feed reference contract was initialized in our constructor. The ETH/USD Price Feed reference contract on the Kovan Testnet is deployed at the address 0x9326BFA02ADD2366b30bacB125260Af641031331.

We can then see a function has been defined to obtain the latest price from the Price Feed Aggregator contract that was instantiated in the constructor above. To do this, a new function was defined that calls the latestRoundData function from the Aggregator contract. This is the function that returns the current state of the Aggregator contract, and in this case we are taking the current price and returning it in our consuming function.

Now we are ready to deploy and test our contract. Compile the contract in Remix, then on the deployment tab, change the environment to “Injected Web3”, and ensure the wallet address below is the one in your MetaMask wallet that contains some ETH obtained earlier, press the deploy button, and follow the steps. The end result is you have your smart contract deployed to the Kovan testnet. You should take note of the deployed contract address via the transaction output in the Remix console.

Once deployed, we simply need to execute the “getLatestPrice” function. The result should be that the function returns the latest price from the ETH/USD Aggregator contract, which can then be used on-chain in our smart contract. Take note we didn’t need to send any LINK for the request, and we didn’t even use any ETH either, the transaction is a pure read of the data in the on-chain ETH-USD Aggregator contract.

Chainlink Price Feeds offer a vast array of price data for top DeFi price pairs. If you need to get price data into your Solidity smart contract for an asset that isn’t covered by an existing price feed, such as the price of a particular stock, you can customize Chainlink oracles to call any external API.

The easiest way to get external price data using Chainlink oracles is to begin with a standard Chainlink APIConsumer contract. This is a standardized contract for initiating requests for external data via a Chainlink oracle.

Once you have created an APIConsumer contract, you can then find the API that you want to obtain price data from. For example, you can use the Alpha Vantage API to find out the current price of IBM stock.

Once you have your API endpoint, you simply need to set the correct parameters in your contract and send the request off to a Chainlink oracle. More information on this and how the standard APIConsumer contract is used can be found in the Chainlink documentation.

Keep in mind, you’ll want to decentralize this method when you go to production, or get this specific data on a price feed itself.

Chainlink Price Feeds provide a reliable way to get high quality Bitcoin, Ethereum, and other cryptocurrency price data into Solidity smart contracts. In addition to this, Chainlink’s oracle framework provides the flexibility to quickly and easily fetch other price data for stocks, commodities, and other assets.

If you’re a developer and want to quickly get your application connected to Chainlink Price Reference Data, visit the developer documentation and join the technical discussion in Discord.

Website |  Twitter | Reddit | YouTube | Telegram | Events | GitHub | Price Feeds | DeFi

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Ethereum pioneers have called price predictions. Although they may seem far-fetched for the moment, it seems as though ETH may be slowly but surely heading towards higher price levels. Crypto enthusiast Lark Davis said:

“#ethereum bearish price prediction for this bull run is $5,000, bull case could easily see $10,000.”

The reasoning behind Ethereum’s bullish performance may be partially due to the surge in Bitcoin, which has served to drive more interest into the cryptocurrency industry overall. Additionally, Ethereum has seen considerable growth last year, and that is likely to continue in 2021 as ETH 2.0, their new mainnet, is still being developed and will see a transition from proof-of-work to proof-of-stake.

ETH price analysis

ETH price broke downwards of the rising channel as indicated in the chart, and it is expected to have consolidations around $1,100 to $1,250 in the coming days. In the worst case scenario, which is less likely to happen, it could begin falling with Bitcoin price, however, the blue line will provide enough support for the price and is very unlikely to break below the $900 level. 

In the 30-min chart, it is trading in the descending channel drawn in the chart. Traders can look for buying opportunities if the channel breaks upwards. The major resistance level is currently located at the $1,200 level, after which Ether will break downwards if it fails to maintain a support above that level. 

ETH/BTC trading pair analysis 

maintaining its stance above $26k after hitting an All-Time High above $28.3k, the following 2nd largest crypto is seen spurring too.

Ethereum is believed to an investment of the long -term, and undoubtedly the crypto is doing clear justice to its property of fetching massive gains, reflected by its current price movement. The previous price action of Ethereum was not doing justice as anything below its ATH seems appealing. As per the ETH price prediction, the current gush of momentum is hitting the right chord as the largest altcoin of the global crypto market.

Ethereum is often considered a sibling investment to Bitcoin with the same or may be greater returns when intended to invest for a longer time frame. Also, it is considered lesser volatile than Bitcoin when invested for a comparatively longer time frame.

Ethereum, at the time of penning down, was seen trading above $700 and $720 after a long bullish candle and a clear rise recorded in the past 24-48 hours. ETH/USD current price movement is a clear reflection of its capability and power that the crypto holds in the long-term.

On the hourly chart, the ETH coin is holding clear support from 10-day and 50-day hourly MA at $713.19 and $708.41, respectively. However, if we gaze at the intraday movement of the coin, it is clearly exhibited that the coin tested daily support at $687, but with the active backing and traction, Ethereum regained after breaching the lower band.

The intraday bearishness still exists, and therefore, the signal line is seen crossing above the MACD line on the hourly chart, but the RSI is seen lying at 54.05 with no extremities hit on the hourly chart.

($6.3Tn) and trade invoices ($19.5Tn) as collateral for DeFi, is also a very large opportunity.

The current excitement in the industry is about turning insurance products in to tokenized assets. The community are very confident that once the DeFi gets rolling, it is going to grow the size of the Derivatives market in ways we can’t even imagine yet. The Derivatives market worldwide could do a 10X thanks to DeFi entering the sector.

Some of the community members feel that the profit has spoken and that those who are not holding LINK should change that disposition and begin holding it. Some also have to state that we are so unbelievably early and that DeFi will continue to grow in orders of magnitude and swallow the global economy.

Commenting on this Sydney Ifergan, the crypto expert tweeted:  “ChainLink (LINK) well know that reliable data is required in almost every industrial sector and they are set be there in every place which requires it.”

Asymmetry of information Link are improving on the fundamental and intrinsic value for the whole space.

Perpprotocol are a decentralized derivatives platform.  They are making use of ChainLink Price feeds to calculate funding payments on BTC and ETH perpetual swaps. They are planning to launch more markets in the future and all of these are to be supported by Chainlink and to leverage Chainlink natively on the xdaichain.

Also, Chainlink are integrating natively on maticnetwork, thus enabling developers to build scalable blockchain applications, which are connected to real-world data feeds. They have recently published a tutorial in which it is possible to learn how a DeFi dApp on Matic uses a ChainLink Price Feed to fetch the current price of ETH.

OroPocket has an OpenDeFi Protocol, which makes use of ChainLink Oracles on the mainnet to price tokenized gold and silver.  By facilitating tamperproof fair market valuations for these on-chain assets, OpenDeFi will be able to offer no-slippage trading and maintain full collateralization.

Redfoxlabs_io is a platform that supports esports and gaming applications on the WAX_io blockchain.  Redfoxlabs are set to run their own ChainLink node to ensure that the gaming data generated by those dApps available on Ethereum, seed the creation of cross-chain, metaverse NFTs.

apM Group, which is a market leader in Korea’s wholesale fashion industry are going to make use of Chainlink in their customer reward platform apmpoints to calculate the loyalty points. Chainlink in the process ensures the fair distribution of apM coin rewards to shoppers in apM’s retail fashion malls.

few hours back, industry veterans have started making fresh predictions for BTC price in 2021.

Last month in December 2020, the Bitcoin network registered its highest every hash-rate at 136 exahashes/second. As of writing this article, the BTC hash-rate has topped 148 exahashes/second as per info on Blockchain.com. As per the chart provided by the platform, the Bitcoin hash-rate has surged 12.% just over the last week.

Keiser, who predicted $36,000 BTC price based on hash-rate adjustments notes that BTC price will hit $220,000 by the end of this year. In his latest tweet, he writes:

“$36,000 BTC was the hashrate-adjusted-price I flagged last summer (Hashrate leads price) With HR hitting new highs; 2021 target of $220,000 comes into focus”.

The surging hash-rate shows the growing fundamental strength of the Bitcoin blockchain network. Let’s look at some of the other on-chain metrics suggesting a bullish scenario for Bitcoin price. Interestingly, Keiser’s prediction comes a day after JPMorgan gave a long-term target of $146,000.

On-chain data provider Glassnode notes that Bitcoin’s current MVRV Z-Score is around the levels seen during July 2017, after which it surged 10X in the next six months hitting its 2017-high of $20,000. Thus, as per the same metrics, Keiser’s $220,000 price prediction for BTC doesn’t look far-fetched.

It is now at the levels of the main bull market of 2017.

Note that in 2017, $BTC made another 10x over the course of 6 months.

Chart: https://t.co/LjSh412tnv pic.twitter.com/Jh1caGYoZY

— glassnode (@glassnode) January 6, 2021

On the other hand, Bitcoin’s bull case scenario refuses to weaken at any cost as heavy BTC accumulation continues on Coinbase.

– Coinbase $BTC premium is above $100 again compared to Binance – But another $100 million deposit to Bithumb was spotted

It's a battle between U.S. high-net-worth buyers and Asia whale sellers. (1/2).

— Joseph Young (@iamjosephyoung) January 6, 2021

However, the Bitcoin futures market’s open interest has hit an all-time high above $11 billion as by data on Bybt.com. This suggests that the market is extremely overheated at this point.

To keep track of DeFi updates in real time, check out our DeFi news feed Here.

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mean different things to different people. It may be an asset class like commodities, a legitimized medium of exchange, or an immutable record of rights and ownership for others. Bitcoin is not a solution looking for a problem to solve, instead, it is solving several real-world challenges in traditional finance and the economy.

It has emerged as an investable asset class like unallocated gold. The volatility of Bitcoin, which earlier emerged as a significant limitation for the asset, is not the focus anymore. 

In the context of institutional investment or a hedge fund favorite, Bitcoin ticks all the boxes in the Product-Market fit. That could be the leading reason why SC Ventures and Northern Trust have entered into an agreement to launch Zordia Custody; or why Mass Mutual recently bought $100 Million in Bitcoin.  Bitcoin’s double-digit ROI and fast-paced growth have proven to be better than other existing technologies, assets, financial productions, and services.

Institutions were shying away from Bitcoin as early as 2013 due to a lack of infrastructure, however, they are now anticipating that demand is fluctuating and it could eventually stabilize as the market matures. Since cryptocurrencies, more importantly, Bitcoin started in the opposite end of the spectrum as compared to traditional assets – i.e. retail trading came first and institutionalization followed, much is left to say and do, when institutionalization kicks in. However, it is a curious question – How much Bitcoin is left for retail traders, and what is the price of the Bitcoin that institutions are controlling? 

Here’s a timeline of Bitcoin’s rapid institutionalization over the years. It may be far fetched to say that we have arrived, but we have come a long way from the first Bitcoin ETF proposed by the Winklevoss twins that were rejected to institutions pouring in hundreds of millions of dollars in the asset daily.

Institutions like PayPal and other credit card companies have entered a race to buy the remainder of the limited supply. The price trend that changed since August 2020 was driven largely by institutions and this trend was evident from quiet weekends and daily announcements on crypto Twitter.

To put this into perspective consider the fact that GrayScale purchased 71000 Bitcoin on behalf of clients and investors and that was almost 8 times more than the Bitcoin mined on the previous day. This rapid pace of acquiring Bitcoin has left retail traders speculating the implications of a massive sell-off or price drop. Though institutions are not known to sell on spot exchanges, the demand generated by them absorbs miner’s Bitcoins on spot exchanges. If demand generation was left for retail traders, it would be as challenging a feat as it is was for Bitcoin’s price to cross $20000 earlier in the month. 

The top drivers of institutionalization and interest from Hedge Fund Managers, Family offices are – Information Asymmetry, Misguided Regulations, and Inefficient execution of trades on most platforms. The information asymmetry gives institutions a massive advantage as quiet weekends shake off weak hands in most cases, even a 15% drop in price triggers a sell-off event. Retail traders are sensitive to factors like the social layer of Bitcoin, while institutions set their eyes on the prize of the future- they are accumulating at an average price of around $28k per Bitcoin.

One of the several purposes for Bitcoin’s creation was to free retail or people from a centralized entity or third party, however, the current pace of institutionalization suggests that the game may be over before it ever started. Institutions may have turned the tables on what looked like the only plug and play solution to hyperinflation, immigrant crisis, and falling faith in the world’s reserve currency- the USD. The global banking crisis and the threat of a financial depression loom over us, and institutions continue to change their stance on Bitcoin, softening it, accumulating, and pushing retail to the sidelines.

Bitcoin’s entire market capitalization is nearly the same as several tech stocks in the S&P 500, and that makes it relatively easier to acquire, dominate, or influence price trends. The halving mechanism that was designed to safeguard it from hoarding may have worked counterintuitively and made the asset scarce enough to remind institutions of the 70’s gold fractal and the potential for a break out in price when the supply is exhausted. Bitcoin’s institutionalization has changed the market’s outlook however it cannot be concluded that this is in the best interests of retail traders.

XRP Price Analysis: 01 January

Here’s why the next 8 years will be important for Bitcoin

Ekta is a full-time journalist at AMBCrypto and her specialization lies in spot markets. Currently pursuing her MBA, she is passionate about trading, fintech, and everything decentralized.

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one bitcoin. Governments have tried to kill Bitcoin, but it seems as if the harder they try, the hungrier folks, and now, billionaires and enterprises, are, for the currency.

This column in Daily Trust has followed Bitcoin development from the start. As a testament, these are a few of the previous articles on Bitcoin that have appeared in this column in Daily Trust: Tax imperatives of Bitcoin trading (29 January 2018), Ooh la la, $75 million in bitcoins stolen by hackers! (11 December 2017), One bitcoin is now worth more than $10,000! (4 December 2017), Bitcoin now worth more than gold (5 June 2017), Minting Bitcoin (1 May 2017), Understanding Bitcoin adoption (24 April 2017), Whither Bitcoin trading? (4 May 2015), Exploding interests in Bitcoin? (17 February 2014), Understanding Bitcoin (2 December 2013), Digital money won’t go away (13 March 2013), and Bitcoin – The reality of digital currency (10 December 2012).

Of course, Bitcoin is Internet-based money, which can be used to pay for your purchases, and can be exchanged for the more popular paper currencies – dollars, Pound Sterling, and Euro. Bitcoin has survived several events that have tended to undermine it. These events include the U.S. government’s celebrated arrest of a big Bitcoin trader in January of 2014, the Chinese government’s clamp-down on Bitcoin trading in the government-controlled banks in that country in 2014, and the dissolution in 2014 of Mt Gox, the flagship Tokyo-based Bitcoin exchange that filed for bankruptcy, taking down with it almost half a billion dollars-worth of people’s bitcoins.

These events have not killed the interests in Bitcoin. In fact, as far back as 2015, many governments, including the U.S., Canada, Germany, France, Hong Kong, Italy, Japan, Spain, and the United Kingdom have given Bitcoin trading a legal status in their countries. Why are folks interested in Bitcoin over a government-controlled currency such as the dollar, Euro, or Naira?  One reason is the ability to carry out global transactions without going through all those “barriers” that the banks and, sometimes, the governments, represent. You do not need bank accounts or credit cards to get and spend Bitcoin. The currency also offers privacy and an easy, fee-free way to transact business across international borders. The currency cannot easily be confiscated by any government, implying security! The proliferation of Bitcoin ATMs has simplified Bitcoin transactions.

On the flip side, the main issue with Bitcoin is its volatility. As I have said before, “Somebody coughs, and the currency takes a nosedive in value.” Moreover, Bitcoin is not backed by any currencies, so there are no verifiable assets that can be liquidated to pay users should something go wrong. So, you can literally lose all your Bitcoin wealth in a wink of an eye.

A problem with Bitcoin is the lack of regulation, as the currency is not under the direct influence of any country. The currency is quite convenient for paying for anything, including illicit drug trafficking and for money laundering. There is also the lack of security on the web. If anyone gets hold of your private key, they can gain access to your Bitcoins and move (steal) them.

In the 4 December 2017 article in this column entitled “One bitcoin is now worth more than $10,000!” I recapped the evolution of the currency: “Between February 2011 and April 2011, one bitcoin, the digital money, was worth only $1. When the first article on Bitcoin was written in this Daily Trust column on 10 December 2012, one Bitcoin was worth $13. As at the last article on Bitcoin in this column, which is 5 June 2017, a single Bitcoin would fetch you $2,443. As of Monday, of last week, 26 November 2017, if you had one bitcoin, you could get $10,000 for it. A few days ago, the figure was $10, 800. In fact, from the beginning of this year, the value of one bitcoin to the dollar has increased 11-fold. What is going on?” That was in December 2017.

Today, on 20 December 2020, you will get over $20,000 for a bitcoin. So, why is the value of Bitcoin skyrocketing? According to Investopedia.com, four main factors are suggested: To hedge against inflation in these difficult times, investors have sought assets that either maintain value or appreciate. “Over the course of 2020, this search for a store-of-value asset to hedge against inflation has brought them to Bitcoin.” Basically, there is too much dollar in the market, lowering its value. Using Bitcoin as a safe haven to mitigate against the falling dollar value makes sense to many. Also, the halving of Bitcoin reward mining proves the scarcity of Bitcoin, leading to a high value. Scarcity drives demand!  Institutional adoption of Bitcoin, both as investment vehicle, and as a service that can be provisioned, enhances the confidence that people have in Bitcoin. Finally, the infrastructure built around Bitcoin seems to have matured a great deal over the years, which translates into easier and safer Bitcoin investment.

Eve, based on data compiled by on-chain data analytics firm. This data reveals that large Bitcoin holders and institutional investors are continuing to eat up more Bitcoin than the miners can supply.

Despite the ongoing BTC price rally which kicked off since the start of December, the number of investors with large capitals entering the Bitcoin market has increasingly surged. The current trend shows that it is almost impossible to separate institutional investors from individual investors.

A top crypto analyst from Santiment Analytics has opined that almost $647 million worth of Bitcoin is likely to get transferred from small addresses to large addresses.

Wallet addresses with more than 1000 Bitcoins are normally referred to as Whales in the crypto space. As Bitcoin consolidates at a current price above $27,500 at the time of writing,1000 BTC is equivalent to $27.5 million. The analyst wrote:

In that context, the Bitcoin market capitalization has increasingly soared to nearly threefold surpassing the $500B mark since mid-2020. The forecasted upside for Bitcoin is somewhat limited in the near future.

Notably, data compiled by on-chain analytics firm indicates that fewer whales are selling across major exchanges. CryptoQuant CEO, Ki Young Ju, says:

Ki Young Ju has further revealed that institutional investors now own an average of $30 billion which translates to almost 16% of the total market cap, according to data fetched from Bitcoin treasuries. CryptoQuant CEO said:

Nevertheless, there two major factors surrounding the Bitcoin market that are encouraging large Bitcoin holders to accumulate more bitcoin at the current price range.

First, many investors strongly believe that the ongoing Bitcoin rally will extend to break the $30000 barrier before the end of the year. If that happens, it is highly likely that $36000 could be a likely target since in between there is no significant resistance.

Secondly, no solid reason to anticipate a major correction to come soon other than the CME gap and high futures market funding rates.

Nonetheless, if BTC price consolidates after each rally, as witnessed in the past several days, the funding rate will soon stabilize. Interestingly, if that happens, the derivatives market will consequently cool which will lower the volatility; thus increasing the possibility of a new rally.

According to one pseudonymous crypto trader, “Byzantine General,” the current market is giving conflicting signals. He has said that both long and short contract holders are becoming aggressive, which makes both long and short squeezes possible. He stated:

Bitcoin has now taken a short break after a formidable rally to break its record highs. On December 28, bitcoin recorded a new all-time high of $28,560.

Bitcoin has entered yet another accumulation phase with many anticipating its price to explode after the end of a consolidation phase. Bitcoin is currently hovering at $27,500 with 24 hours trading volume of $44.5 billion making a price surge of 3.1%.

As usual, the price of bitcoin on Coinbase is slightly higher than on Binance and other Tether-reliant exchanges. But, in the last few weeks, Bitcoin has been trading slightly lower on Coinbase, by around $20 to $30. Although this gap is small, the U.S market that has spearheaded this rally throughout December may have experienced a lower buyer demand.

Nonetheless, the Asian market and other derivatives markets have increasingly recorded a spike in buyer demand.

In that context, considering the demand for Bitcoin in the U.S, the spot market appears to be cooling down. Bitcoin will probably consolidate for longer with slightly lower volatility. But some think that it is gearing up for a parabolic surge in 2021. Will it reach $100K in 2021 as some analysts have predicted?

jumped over $2k during the first week of August. Meanwhile, similarly to the physical counterparts, two blockchain tokens that claim to be backed by gold have seen significant demand and small premiums. While a handful of other ‘digital gold’ crypto coins have seen market valuations shudder this year. On August 3, 2020, the price of a single ounce of .999 gold spiked to $2,045 per unit. Since then, the precious metal per ounce lost -5.6% in value during the course of the month. Experts believe that gold’s value could jump to $3k per ounce by the year’s end if politicians and central banks continue to create economic disasters. While gold has increased considerably this year, it’s been growing much harder to obtain physical bullion, gold coins, and bars unless you buy in bulk. The infamous gold bug and analyst Egon von Greyerz has warned investors on various occasions that in recent months that there is a “massive shortage of physical gold.” Especially when it comes to traditional gold futures markets and the London bullion market (LBMA). The LBMA is one of the largest wholesale over-the-counter markets for gold and silver worldwide. “There is a massive shortage of physical gold in the futures markets and LBMA system. As gold goes up and the holders of gold ask for physical delivery, there will be no gold available to settle the paper claims,” the analyst stressed. Another sector that has been growing fervently is the demand for gold-backed cryptocurrencies and two of these tokens are fetching a premium. During the last two weeks, the gold-backed tokens PAXG, and XAUT have seen consistent premiums over the spot price of gold between 0.5% to 3%. For instance, this year there are more than 77 crypto projects that leverage the shiny yellow precious metal. Tether Limited has issued a coin called XAUT which is trading for $1,938 per ounce as opposed to the spot price of gold’s $1,926. A single XAUT is represented by “one troy fine ounce of gold on a London Good Delivery gold bar.” XAUT carries a 0.62% premium at the time of publication. Pax Global’s pax gold (PAXG) token also carries a small premium right now over the spot price of gold today at $1,934 per PAXG. The PAXG token is also backed by one fine troy ounce London Good Delivery gold bar. As far as market valuation and trade volumes, a number of smaller gold-backed tokens pale in comparison to PAXG and XAUT tokens. In 2020, Tether Limited and Pax Global’s gold crypto products stand out above the competition. For instance, during the first month of 2020 Karatgold coin (KBC) has a market capitalization of around $65 million. Today, KBC’s market cap is down to $16 million, and during the last 24 hours the token has shed -26.38%. The creators of KBC have been involved in multiple investigations involving financial regulators from a variety of countries. Digixglobal’s digix gold token (DGX) has seen a slight market cap increase since the start of the year, as it has increased $968,892 so far. DGX only has around $200,000 a day worth of global trade volume. The token price of a single DGX has lost -6.54% in value during the last 24 hours. The project launched by Coinshares, digital gold (DGLD), is featured as an “Untracked Listing” on Coinmarketcap.com, but the website shows no market data. DGLD trades on the exchange operated by Blockchain.com and the token is paired with bitcoin (BTC). A single DGLD is swapping for 0.016882 BTC ($190) at the time of publication. What do you think about gold-backed digital currencies? Let us know what you think about these projects in the comments section below. FINANCE | 4 hours ago FINANCE | 2 days ago .999 gold, 1/10 Troy Ounce, Blockchain.com, Coinshares, DGLD, DGX, digital gold, Digix, Finance, gold, Gold Tokens, Gram of Gold, KBC, KBC Investigation, One Troy Ounce, Pax Global, PAXG, XAUT Image Credits: Shutterstock, Pixabay, Wiki Commons, Blockchain.com, Coinmarketcap.com, Tradingview, Spot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. Start your trading. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

street mutual funds started amassing bitcoin, shaking off the crypto winter, Binance launchpad was at that point in front of the blast. In February, Binance at the same time propelled two token-sale sessions. The first was for TRON Founder and CEO Justin Sun's BitTorrent (BTT) which sold out in 15 minutes. On the off chance that Binance had utilized all the more computing power, it would have finished the ICO considerably quicker. BTT's cost has risen an astonishing 787% since its token sale. Binance Launchpad's Fetch (FET) token sale in March ended in 10 seconds. Members in the token deal have made about 119% profits for their venture. Later in March Celer (CELR) produced 126% consequently and in April (MATIC) created 620%. Binance Coin (BNB) has been moving higher, rising roughly 40% since the hack in which 7,000 bitcoins were stolen from the Exchange's BTC hot wallet.  BNB price was seen at $28.24 and Binance Coin market cap was $3,986,390,473, at the time the article was published It would seem like investors aren't worried or stressed over the security of Binance Exchange after the hack. In the meantime, the accomplishment of Binance Launchpad close by picking, developing, and offering new cryptos to investors is holding up the business and keeping interest for BNB solid. Blockchain can help fight human trafficking says Princess Eugenie UK  Veteran Trader Peter Brandt sees Bitcoin Price rally to $50,000, End of Crypto winter? CME Group Bitcoin Futures set new Trading Volume Record

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a press release for consideration on ETHNewsSubmit a story or DAPP to be considered for publication on ETHNews.Submit "Ethereum Explainer" content for consideration to be featured on ETHNewsThe group hopes to steer policymakers in the desired direction as they develop regulations aimed at the tech sector.Four blockchain companies – Ripple, NEM, Fetch.AI, and EMURGO – are aiming to create a "unified voice" for blockchain in Europe as regulators and governments consider how to exert their influence on this new technology and the new financial ecosystem it is creating.The press release says the "policy debate in Europe has been fragmented – with inconsistent information from those outside the blockchain sector challenging consensus within it." Hence the formation of this new association, which hopes to educate policymakers and stakeholders in the European Union on the potential of distributed ledger technology (DLT) and blockchain. It hopes to ensure that anticipated regulation "promotes and boosts" innovation in Europe.NEM is already established as a platform for enterprise blockchains and has a presence in Europe and around the globe. Ripple is gaining ground in the blockchain space, with a growing number of partnerships with banks and payment providers. Its coin, XRP, overtook Ethereum this year to become the second-largest cryptocurrency by market capitalization.Fetch.AI and EMURGO, meanwhile, are less-recognizable names. The former is working on a smart ledger that uses machine learning and artificial intelligence (AI), but its technology is not yet live. The latter is one of three governing bodies of the Cardano blockchain – along with IOHK and the Cardano Foundation – and is its commercial arm. Cardano is another third-generation blockchain being built with the promise of increased capability and scaling potential. Similarly, its technology won't be ready until later in 2019.The four firms recently hosted the "Blockchain for Europe Summit," on November 27, 2018, with four of the largest European parliamentary groups interested in blockchain in attendance, including the European Commission's FinTech task force.The new association hopes to "help Europe to create smart regulation to shape the global agenda on blockchain," according to the release. Dan Morgan, head of regulatory relations for Ripple in Europe, said, "This is a critical time for policymakers in Europe as they seek to develop the right regulatory framework to capture the benefits of both digital assets and blockchain technology."Kristof Van de Reck, co-founder of the NEM Foundation, added, "There is a lack of unbiased information, especially when it comes to the open and decentralised application of the technology." He hopes Blockchain for Europe will provide "insights which are not tailored to the agenda of specific organisations or stakeholders."The combination of Asia-based blockchain companies NEM and EMURGO, UK-based Fetch, and US-based Ripple, is perhaps surprising for a Europe-focused organization. That said, it is clear that Europe is a major blockchain market and all four hope to take advantage of that, as well as ensuring, perhaps, a global regulatory precedent. If the EU were to create regulation that stifles blockchain, the aspirations of all four blockchain companies, and the promise of this emerging technology, could be at risk.Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Ripple, NEM or other Ethereum world news.By clicking subscribe, you are giving ETHNews permission to contact you via email, providing updates based on the categories you select. We promise to always treat your information with respect and you can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us. For more information about our privacy practices please see our Privacy Policy. You can also learn more about our Terms of Use by reading them here. By providing your email address, you agree that we may process your information in accordance with these terms.

Group, or DCG, look like? Analysts at digital analytics firm Messari believe they have the answer.  In a newly published report, researcher Jack Purdy lays out a theoretical initial public offering for DCG. Using data from quarterly updates, along with other publicly available information and the average price-to-sales ratio for comparable fintech companies, Purdy concludes that DCG would be valued at more than $4 billion if it went public.  That lofty valuation is based on a careful examination of DCG’s underlying businesses. While casual crypto observations may not realize it, DCG owns some of the biggest brands in crypto, including Genesis, Grayscale and Coindesk. Combined, these and other DCG properties generate $243 million in revenue annually. In addition to an impressive top line, DCG’s investment arm has a sizable portfolio made up of Bitcoin (), Ether () and dozens of other cryptocurrencies. As of June 30, 2018, the company’s digital asset portfolio was worth $260 million. To be clear, Purdy didn’t speculate on what a share offering for DCG would look like or how many investors would get involved. IPOs are rarely a scientific process due to massive monetary incentives that lead sellers and their agents to inflate the price. Speculation about who will hold the first IPO in the crypto industry has been rampant for several years, with companies like Coinbase and BlockFi routinely coming up in conversations. Although there are several publicly traded companies involved in blockchain technology, a name like Coinbase or DCG would arguably be the first pure-play crypto company to go public. “Once this happens,” Purdy said, “it could be crypto’s Netscape moment where one high profile IPO kicks off a frenzy of subsequent offerings fueling investor frenzy to gain exposure to the nascent, but rapidly growing industry.” DCG did not immediately respond to a request for comment. Although the company has not commented about a public share offering, its founder and CEO, Barry Silbert, has been as saying he wants to “turn DCG into the Berkshire Hathaway of crypto.” Berkshire is the cash-rich investment conglomerate owned by value investor Warren Buffett.

the population in general decides to adopt this means of payment instead of traditional systems. FIAT Currencies -as well as cryptocurrencies in general-, back their value in the trust provided by their users. For this reason, the global adoption of one or another will depend on who wins the trust and acceptance of the majority. This opinion is also shared by members of the Federal Reserve Bank of New York’s Research and Statistics Group. But being a very new market, cryptocurrencies still have a long way to go in order to earn that level of global acceptance: “I believe they say that roughly five percent of the world’s population or less owns any cryptocurrency and if the trends of Venezuela continue (…) it looks as though there is going to be no slowdown (…) I only imagine it’s going to continue pushing up because there’s a limited supply again (…) So if people continue to lose faith in their nation’s currency, like for example the US dollar, I do not have much much faith at all (… ) I would have much rather have my money in a currency that I know cannot be manipulated and forged. “ Of course, the higher the number of users, the higher the bitcoin prices as currency due to its limited availability and the impossibility of being inflationary (issuing infinite amounts which could generate excess liquidity that results in a decrease in its value). However, Mr. Derks was cautious about the time he thinks his prediction could be made: “So, in my opinion, it’s going to continue, now I think that $ 100,000 dollars for a Bitcoin is not far-fetched (…) When that will happen, I can not tell you, but if you just assume that 10 percent of the world’s population or 15 percent of the world’s population decides to give up their government’s currency and use cryptocurrency then yes, that’s not far-fetched at all. “ Such bullish predictions are encouraging for a community that has seen a significant price correction with a drop of almost 50% in a month. Mr Derk said that third world countries could play a key role in the worldwide adoption of cryptocurrencies, helping to increase the price of bitcoin. It is very likely that its use as a means of storing value will be more attractive to these nations than in industrialized countries where the risks of falls represent greater losses. The quoted investor makes his predictions based on the basic laws of supply and demand., which establish that when there is an increase in demand, with a limited supply, equilibrium prices tend to rise. According to his LinkedIn bio after 8 years as an investment advisor and nearly 5 years of cryptocurrency investing Mr. Derks created Ryan’s Hodl Fund. The goal of Ryan’s Hodl Fund is to remove all the challenges of owning cryptocurrencies for individuals. Ryan’s Hodl Fund is one of only a few public cryptocurrency asset management firms. For updates and exclusive offers, enter your e-mail below. Join our mailing list to receive the latest Cryptocurrency news and updates, and also be the first to know about our weekly Ethereum Giveaways, we promise not to spam your inbox.