Binance coin leads the up/down capture chart among major coins; Ethereum brings up the rear

As crypto-users wait for a bull run followed by an alt-season, Jeff Dorman, Chief Investment Officer [CIO] of Arca, a full-service investment management firm, has suggested another way to look at the performance aspect of individual cryptos. Dorman’s company Arca owns Ethereum [ETH] and LEO but according to Dorman, Ethereum may be one of the […]
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Source: AMB Crypto

Crypto Activity in June by the Numbers

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Crypto Activity in June by the Numbers
CORindex releases its latest monthly report detailing the most significant changes in the crypto game in June.
Crypto Activity in June by the Numbers

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Source: CoinSpeaker

Crypto Hot Cake Chainlink (LINK) Surges 270% in a Month, Is it Just FOMO?

There is no doubt that Bitcoin has been in the driving seat over the past couple of months. Its epic performance has eaten into the crypto markets to such an extent that altcoins are still largely on the floor. That is all except Chainlink which has literally shot for the moon this month.
LINK Lashes Rival Cryptos
Chainlink has made monumental gains over the past month, surging over 270 percent as its market capitalization tops $1 billion. It has performed that well that it is now 16th place in terms of market cap which is above NEO, IOTA, Cosmos and Ethereum Classic. With another $100k or so LINK will be as big as Dash.
LINK prices YTD. Coinmarketcap.com
As a wall of red bleeds into crypto markets during Asian trading today, LINK is bucking the trend and still gaining. At the time of writing Chainlink was trading at around $3.50. Considering this altcoin was less than $0.30 at the beginning of the year, it has pumped over a thousand percent.
Very few others can match that performance. Even Litecoin, which has pumped 300 percent this year, is way behind comparatively. Bitcoin meanwhile has made around 200 percent in the same period.
Chainlink is a blockchain project that attempts to solve a problem involving adjudication of smart contract inputs and outputs. It provides a tamper proof link to solve the ‘oracle problem’ for smart contracts that have no knowledge of real world data.
According to Forbes, the project’s solution to this problem involves the use of a decentralized network of ‘oracles’ to lower the risks associated with placing trust in a third party. The economic model build around the LINK token is based on incentives or activities such as paying for data and putting up collateral or ‘reputation’ to improve the reliability of oracles in the network.
Why The FOMO?
Chainlink is the hot cake in crypto land at the moment, just as EOS was in April last year. As we have seen time and time again these fomo driven altcoins can come and go pretty quickly. Verge was good example of such a massive pump and dump on a promise of some ground breaking tech, and XVG is virtually dead these days, down over 97 percent from that peak.
Fundamentally, LINK prices have been driven by a couple of things recently. The Coinbase Pro listing clearly gave it some momentum but these exchange driven pumps are no longer what they used to be. A possible tie up with Google Cloud, which name dropped Chainlink earlier this month, caused an epic spike in prices.
The same Google announcement also mentioned Ethereum, which didn’t move indicating that a lot of the LINK action is purely speculation and fomo which is all part of the ebb and flow of crypto asset market cycles.
Image from Shutterstock
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ChainLink (Link) Surges 75.6%, Has Google And Coinbase Support

ChainLink (Link) Surging, adds 75.6 percent
Google entry and listing at Coinbase significant for Link

Oracles are the future, and Google is strategically positioning itself to be a valuable source of verifiable data. By partnering with ChainLink, Link which also got a “Coinbase Effect” boost, is bullish in the long term. At spot rates, the token is up 75.6 percent from last week’s close.
ChainLink Price Analysis
Fundamental
In the top 20, LINK is conspicuous. Not by what the token represents but because of its price performance in the last few weeks. Impressive as it is, there is more to ChainLink that what meets the eye.
Desirous, their overarching ambition is to make smart contracts even smarter. That means “feeding” fragmented blockchains equipped with smart contracting capabilities with outside, real-time data. If anything, that shall open a whole lot of possibilities.
Aptly and confidently mentioned by Vitalik Buterin, the prediction market is grossly undervalued. Therefore, while smart contracting eliminated the middle man, Oracles shall eliminate limitations.
Already, Google is meticulous enough to sense opportunity and is consequently eyeing the higher price. By partnering with ChainLink, blockchain’s value is gradually building on the first layer, that is of tokenization. It could be minute in the eyes of critics, but this is undoubtedly the general trajectory of the blockchain space.
The era of smarter smart contracts made possible by Oracles is on. It could be, in a way, the reason why Ethereum’s figureheads are on overdrive working towards the timely activation of Beacon Chain and later Ethereum 2.0.
Once it is active, the Ethereum network will shake off scalability concerns. After that, ChainLink will build on, striking more high-level partnerships as a result.
Candlestick Arrangement

Outperforming popular crypto assets, Link is up 75.6 percent from last week’s close. The trend is Northwards, and from previous LINK/USDC price analysis, it is clear that buyers are in control. With a perpendicular explosion, bulls are firmly in control.
Although there is always a possibility of a pullback, the entry of heavyweights is bullish for the coin in the long run. Therefore, in light of the above, every dip is loading opportunity now that Link is trading within a bullish breakout pattern against the USD.
Building on June 29 uptick, support is at $3.2. Should there be a correction below this level, then better entry opportunities shall be at $2.6 or the middle Bollinger Band.
Technical Indicator
Distinct, June 29 leads this trade plan. Behind the upswing are ultrahigh trading volumes of 1.6 million against 435k. Since prices are oscillating within its trade range, ideally, confirmation of buyers ought to be with similar participation exceeding 1.6 million or at least recent average of 600k.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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ChainLink leads altcoin market surge; records 900% growth since May

The virtual asset industry is a large playing field which includes thousands of cryptos, with each one of them trying to establish their proficiency in the market. Bitcoin might be the dominant player in the system, but on the development front, there are certain lesser-known altcoins that have been making huge strides in their respective […]
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Source: AMB Crypto

Chainlink Started Live Trading on Coinbase, LINK Price Skyrockets

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Chainlink Started Live Trading on Coinbase, LINK Price Skyrockets
Coinbase began trading Chainlink today. LINK is available to trade with the U.S. dollar (LINK/USD) and with Ether (ETH) (LINK/ETH). LINK price reacts to the news adding enormous 54.11%.
Chainlink Started Live Trading on Coinbase, LINK Price Skyrockets

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Source: CoinSpeaker

Coinbase Pro Lists Ethereum-Based Chainlink (LINK) After Google ‘Name Drop’

Despite the fact that crypto assets are bleeding out against Bitcoin, the Ethereum-based LINK (Chainlink) has recently received the support of Coinbase. This comes amid BTC’s move to $13,400, marking a 333% rally from the cycle bottom of $3,150.
LINK Down 1.2% Despite Coinbase Listing
Announced Wednesday via a blog post, Coinbase Pro, the startup’s cryptocurrency exchange for professional traders, will soon be listing LINK.
Related Reading: Why The Current Bitcoin (BTC) Recovery is 3x Faster Than Last Crypto Cycle
Per the announcement, starting around an hour ago, the platform will be accepting inbound deposits for the Ethereum token. Once “sufficient supply” of LINK is established on Coinbase-owned wallets and 12 hours of depositing has elapsed, Coinbase will commence trading for the asset.
Trading will take place against U.S. dollars and Ethereum. And the asset on Coinbase Pro will be supported in all jurisdictions the exchange is available in, sans New York State due to regulatory concerns.

Our LINK/USD, and LINK/ETH order books will soon enter transfer-only mode, accepting inbound transfers of LINK in supported regions. Orders cannot be placed or filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/BnVOqhFUdV
— Coinbase Pro (@CoinbasePro) June 26, 2019

As normal, the launch of trading will take place in four steps: deposits, posting limit orders, matching limit orders, and then full trading.
Despite this listing, however, LINK is down in the past 24 hours. In fact, according to Coin Market Cap, the cryptocurrency is down 1.2%, and down nearly 20% against the market leader, Bitcoin. This confirms this outlet’s previous reports, which revealed that by and large, the so-called “Coinbase (Listing) Effect” is dead.
Google Lauds Chainlink
This news comes hot on the heels of a statement of support for the project from Google. Per previous reports from NewsBTC, Google Cloud, the firm’s cloud computing services platform, released an article titled “Building hybrid blockchain/cloud applications with Ethereum and Google Cloud”.
While this was big news in and of itself, the crypto community focused on the article’s mention of Chainlink, which is focused on facilitating data from the Internet to be translated to and verified for blockchain.
The Ethereum project’s claim to fame is its so-called “oracle” system, which is a recently-launched product meant to improve processes made via blockchain. For instance, if someone is betting on a real-world financial scenario with the Ethereum-centric Augur, an oracle can be used to make the outcome verification process much easier. In the recent post, Google’s Allen Day adds:
“Possible applications are innumerable, but we’ve focused this post on a few that we think are of high and immediate utility: prediction marketplaces, futures contracts, and transaction privacy.”
This recent integration will allow for Chainlink, and Ethereum smart contracts by extension, to interact with BigQuery, Google’s data analyzer and portal. What this does is allows for developers to build decentralized applications that can harness Google, theoretically improving the efficiency and viability of smart contracts.
Featured Image from Shutterstock
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Crypto Market Wrap: Consolidation Could Crack on Bitcoin’s Next Move

Crypto markets still range bound; Bitcoin, BCH and BSV moving marginally, Litecoin, BNB and ADA fall back. 
Market Wrap
It has been another day of consolidation for crypto markets as they end the week flat. Very little movement outside of the channel has occurred this week as total market capitalization has been range bound around the $250 billion level. Things have picked up marginally for some crypto assets but others have lost ground.
Bitcoin hit an intraday high of just above $8,300 a few hours ago but pulled back to its current price of $8,230. The move is bullish but not strong enough to break the resistance at this level. Volume has picked up again and is approaching $20 billion which is a sign that further gains could be on the cards.
Ethereum is still flat and holding around $255. There has been very little momentum in the ETH camp and it is down 1.5 percent on the day. Volume is declining as the head and shoulders formation reaches its closure and a drop could be imminent. Current support for ETH lies at $230.
The top ten is showing more red than green during Asian trading this morning. The only two aside from Bitcoin that are up on the day are Bitcoin Cash with 2.5 percent and Bitcoin SV with 3.5 percent. The rest are in the red with Litecoin and Binance Coin dropping the most at over 3 percent each.
Top twenty movements are also minimal with a couple of percent being dropped by Cardano and Tron. Gaining a similar amount are Cosmos and NEO reaching $6.25 and $13.13 respectively. The rest are plus or minus a percent or so as the crypto consolidation continues.
FOMO: Chainlink Spikes on Google Hints
It comes as no surprise that today’s top one hundred top performer is Chainlink. The 43 percent spike came after Google Cloud dropped hints that it would be working with Ethereum based LINK. The Reddit feed went wild and the altcoin spiked in volume from $24 million to $390 million as the fomo frenzy gathered pace. Binance is getting the majority of trade at the moment with 67 percent.
Energi is a newcomer to the top one hundred with a 30 percent pump as NRG gets listed on KuCoin. Bytom has also had a productive 24 hours with 14 percent added. As predicted the big dump is Aurora as it peaks and troughs on a daily basis, today dumping 50 percent for no obvious reason.
Total market cap 24 hours. Coinmarketcap.com
Total crypto market capitalization is currently marginally higher than this time yesterday at $262 billion. Markets are still range bound however and are unlikely to see any bigger moves until Bitcoin breaks out. The push back above $8,200, albeit briefly, is a bullish sign though so the weekend in crypto land could get interesting.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Line Pay Corporation Partners with VISA for New Fintech Services

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Line Pay Corporation Partners with VISA for New Fintech Services
Line Pay has partnered with VISA to bring new blockchain solutions, contactless payments, and a pre-paid digital visa card. Line says that with this new partnership, they will be able to reach 187 million people around the world.
Line Pay Corporation Partners with VISA for New Fintech Services

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Source: CoinSpeaker

World’s Fifth Largest Bank Confirms Launch of MUFG Coin for 2019

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World’s Fifth Largest Bank Confirms Launch of MUFG Coin for 2019
After months of speculation about its proposed release date, Japan’s largest bank, Mitsubishi UFJ Financial Group Inc. has finally announced plans to launch its long-awaited in-house digital currency.
World’s Fifth Largest Bank Confirms Launch of MUFG Coin for 2019

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Source: CoinSpeaker