Daily Crypto News- Chainlink Launches Data Oracles on Arbitrum One’s Ethereum Scaling Solution

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Daily Crypto News- Chainlink Launches Data Oracles on Arbitrum One’s Ethereum Scaling Solution

Daily Crypto News- Chainlink Launches Data Oracles on Arbitrum One’s Ethereum Scaling Solution

Chainlink launches data oracles on Arbitrum One’s Ethereum scaling solution

Chainlink launches data oracles on Arbitrum One, with the team also planning to soon launch its Proof of Reserve and Verifiable Random Function on layer two. Chainlink launches data oracles on Arbitrum one’s Ethereum scaling solution. Leading data oracle provider Chainlink(LINK) has announced its successful launch on Arbitrum One — the beta mainnet deployment of layer-two Ethereum scaling solution, Arbitrum.

Ethereum price drops below $3K, but ETH options data reflects optimism

$430 million in Ethereum(ETH) options expire on Friday and derivatives data shows that bulls are in control and planning to push prices higher in the short term. Ether price, bulls now enjoy a vast advantage leading into Friday’s options expiry. The net result would then be a $165 million advantage for this neutral-to-bullish instrument.

There’s still time for another ‘DeFi Summer’

Soaring token values, a steady inflow of new users, and a TVL approaching all-time highs are all signs that the DeFi sector is heating up. Decentralized finance (DeFi) has been a big part of the explosive growth seen across the cryptocurrency ecosystem in 2021 as decentralized exchanges like Uniswap(UNI) and SushiSwap(SUSHI) and lending protocols like Aave(AAVE) and Compound(COMP) have added a new dimension of token utility. 

Australian crypto users will have access to tax reporting services through Crypto.com

Crypto holders in the United States, Canada, and now Australia can generate tax reports using the exchange. In an announcement today, Crypto.com said it had tailored its existing tax services for the United States- and Canada-based crypto users to allow Australians to accurately report cryptocurrencies on their taxes.

Bitcoin bulls aim for $50K ahead of Friday’s $675M BTC options expiry

$675 million in BTC options expire this Friday and derivatives data suggests that bulls are favored to increase their control of the market. On Friday, Aug. 13, a total of $675 million worth of Bitcoin (BTC) options are set to expire and currently, the bulls enjoy a significant advantage after a 20% weekly rally to $46,743.



In Singapore, DBS Bank will Provide Crypto Services 

BuyUcoin Blog | By Anubha Singh