Chainlink (LINK) is a cryptocurrency and decentralized oracle network designed to bridge the gap between smart contracts on blockchain platforms and real-world data. It provides a decentralized Oracle network that allows smart contracts to interact with external data sources, APIs, and real-world events securely and reliably.
Check Out The Graph Below
In the past 24 hours, the price of LINK tokens increased by more than 17%, rising from the price range of $6.90 to $8.35 (₹566.07 to ₹685.03). However, there are two primary reasons behind this price increase:
👉🏻 First, the developers announced plans to launch a new Cross-Chain Interoperable Protocol (CCIP). This is a significant advancement in the network's efforts to connect traditional financial institutions to the blockchain.
CCIP will broaden Chainlink's use case by allowing banks and insurance businesses to join the blockchain. The announcement comes a month after Chainlink announced a trial of connecting banks to the blockchain via its partnership with Swift.
👉🏻 Second, there are signs that whales have begun to purchase the coin. As per reports, two whales purchased 788,877 LINK tokens this week. They obtained these tokens by exchanging stETH and ETH tokens for LINK. Historically, whale buildup has been one of the finest buy signals in the market.
Apart from that, Chainlink's open interest has increased to almost ₹21 billion, with the majority of it coming from foreign exchanges.
👉🏻 However, investing in such assets carries a higher level of risk, so conduct your own research or consult with an expert before investing in any such asset.
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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Please read our Terms of Use, Refund and Trading Policy available on our website suncrypto.in . In case of queries, or assistance you may write to us at help@suncrypto.in
Check Out The Graph Below
In the past 24 hours, the price of LINK tokens increased by more than 17%, rising from the price range of $6.90 to $8.35 (₹566.07 to ₹685.03). However, there are two primary reasons behind this price increase:
👉🏻 First, the developers announced plans to launch a new Cross-Chain Interoperable Protocol (CCIP). This is a significant advancement in the network's efforts to connect traditional financial institutions to the blockchain.
CCIP will broaden Chainlink's use case by allowing banks and insurance businesses to join the blockchain. The announcement comes a month after Chainlink announced a trial of connecting banks to the blockchain via its partnership with Swift.
👉🏻 Second, there are signs that whales have begun to purchase the coin. As per reports, two whales purchased 788,877 LINK tokens this week. They obtained these tokens by exchanging stETH and ETH tokens for LINK. Historically, whale buildup has been one of the finest buy signals in the market.
Apart from that, Chainlink's open interest has increased to almost ₹21 billion, with the majority of it coming from foreign exchanges.
👉🏻 However, investing in such assets carries a higher level of risk, so conduct your own research or consult with an expert before investing in any such asset.
👇👇👇👇👇👇👇👇👇
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Please read our Terms of Use, Refund and Trading Policy available on our website suncrypto.in . In case of queries, or assistance you may write to us at help@suncrypto.in
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Cardano Prepares for Mithril Mainnet Launch!
The Cardano token's creation was influenced by Gerolamo Cardano, an Italian polymath, and it was introduced in 2017. Since then, Cardano has undergone substantial development. On September 2, 2021, ADA reached its highest value ever at ₹254.13.
Now, according to an official announcement from Input Output, Cardano's Mithril Mainnet is approaching its release. The details indicate that Mithril is currently in the final stages of testing and preparation for its mainnet launch.
For more information:- https://academy.suncrypto.in/cardano-prepares-for-mithril-mainnet-launch/
The Cardano token's creation was influenced by Gerolamo Cardano, an Italian polymath, and it was introduced in 2017. Since then, Cardano has undergone substantial development. On September 2, 2021, ADA reached its highest value ever at ₹254.13.
Now, according to an official announcement from Input Output, Cardano's Mithril Mainnet is approaching its release. The details indicate that Mithril is currently in the final stages of testing and preparation for its mainnet launch.
For more information:- https://academy.suncrypto.in/cardano-prepares-for-mithril-mainnet-launch/
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Confused 🧐 about crypto tax.
Book session with tax consultant and get resolution.
https://topmate.io/suncrypto
Book session with tax consultant and get resolution.
https://topmate.io/suncrypto
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SunCrypto: Crypto Exchange
Buy and sell crypto
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Shibarium Hits Utility Milestone Ahead of Launch
Ahead of its official launch, the Shiba Inu (SHIB) community is celebrating a significant achievement with Shibarium, the Layer 2 scaling solution. Recently, Shibarium crossed a noteworthy milestone by surpassing 31 million total transactions. This accomplishment further highlights the practicality and usefulness of this latest addition to the ecosystem.
The Shiba Inu project, known as Shibarium, has attained another significant utility milestone as it continues to gain relevance. The scaling solution has now officially surpassed 31 million total transactions, along with achieving several other noteworthy first-time accomplishments in history.
The beta version of Shibarium has recorded 1,782,720 total blocks. Furthermore, it has registered 17,062,408 wallet addresses utilizing the protocol, all the while achieving 256,551 daily transactions.
For more information:- https://academy.suncrypto.in/shibarium-hits-utility-milestone-before-launch/
Ahead of its official launch, the Shiba Inu (SHIB) community is celebrating a significant achievement with Shibarium, the Layer 2 scaling solution. Recently, Shibarium crossed a noteworthy milestone by surpassing 31 million total transactions. This accomplishment further highlights the practicality and usefulness of this latest addition to the ecosystem.
The Shiba Inu project, known as Shibarium, has attained another significant utility milestone as it continues to gain relevance. The scaling solution has now officially surpassed 31 million total transactions, along with achieving several other noteworthy first-time accomplishments in history.
The beta version of Shibarium has recorded 1,782,720 total blocks. Furthermore, it has registered 17,062,408 wallet addresses utilizing the protocol, all the while achieving 256,551 daily transactions.
For more information:- https://academy.suncrypto.in/shibarium-hits-utility-milestone-before-launch/
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Weekly Crypto Market Updates As Per July 24
The current market cap is ₹97,644,616,740,414 on 24 July. In the past year, even the top-performing coins were seen struggling in these challenging times and are trying to make a comeback.
For this last week, bitcoin is at the price of ₹2,441,793.70 and has decreased by 0.19% in the last 24 hours, and a dip of 3.08% is seen in the duration of 7 days.
The price of Ethereum at the moment is ₹153,263.15 and has decreased by 0.03% in the last 24 hours, and a dip of 4.62% is seen in the duration of 7 days.
For more information:- https://academy.suncrypto.in/weekly-crypto-market-updates-july-24/
The current market cap is ₹97,644,616,740,414 on 24 July. In the past year, even the top-performing coins were seen struggling in these challenging times and are trying to make a comeback.
For this last week, bitcoin is at the price of ₹2,441,793.70 and has decreased by 0.19% in the last 24 hours, and a dip of 3.08% is seen in the duration of 7 days.
The price of Ethereum at the moment is ₹153,263.15 and has decreased by 0.03% in the last 24 hours, and a dip of 4.62% is seen in the duration of 7 days.
For more information:- https://academy.suncrypto.in/weekly-crypto-market-updates-july-24/
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SUNCRYPTO x TAXCRYP (Winner Announced)
We are thrilled to announce the lucky participants who have won our exciting Free ITR Filing Plans Giveaway. This giveaway provided a chance for crypto enthusiasts to simplify their tax filing process and maximize their tax benefits with our premium plans. Let's take a moment to congratulate the winners of our fantastic prizes!
For more information:- https://help.suncrypto.in/support/solutions/articles/82000902133-suncrypto-x-taxcryp-winner-announced-
We are thrilled to announce the lucky participants who have won our exciting Free ITR Filing Plans Giveaway. This giveaway provided a chance for crypto enthusiasts to simplify their tax filing process and maximize their tax benefits with our premium plans. Let's take a moment to congratulate the winners of our fantastic prizes!
For more information:- https://help.suncrypto.in/support/solutions/articles/82000902133-suncrypto-x-taxcryp-winner-announced-
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Zero-Knowledge Ethereum Virtual Machines (zkEVMs) Explained
The Ethereum community is actively addressing the significant challenge of scalability. Achieving unlimited scalability is crucial for the widespread adoption of the technology. One of the most promising solutions to this issue is Zero-Knowledge Ethereum Virtual Machines (zkEVMs).
This guide provides an in-depth explanation of zkEVMs' fundamentals and highlights their essential role in scaling Web3 and promoting its widespread adoption. Additionally, we explore various exciting use cases for this innovative technology.
For more information:- https://academy.suncrypto.in/zero-knowledge-ethereum-virtual-machines-zkevms-explained/
The Ethereum community is actively addressing the significant challenge of scalability. Achieving unlimited scalability is crucial for the widespread adoption of the technology. One of the most promising solutions to this issue is Zero-Knowledge Ethereum Virtual Machines (zkEVMs).
This guide provides an in-depth explanation of zkEVMs' fundamentals and highlights their essential role in scaling Web3 and promoting its widespread adoption. Additionally, we explore various exciting use cases for this innovative technology.
For more information:- https://academy.suncrypto.in/zero-knowledge-ethereum-virtual-machines-zkevms-explained/
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BlackRock and Jio Collaborate on Digital Asset Venture
BlackRock is relentlessly expanding its global presence by partnering with Jio Financial Services of India to launch a joint venture. Both BlackRock and Jio will initially invest $150 million into the new platform. This funding basically aims to provide investment services in India.
BlackRock aims to capitalize on the increasing demand for digital assets in India. In this market segment, BlackRock stands out with its ambitious plans, including the recent filing for approval of a spot Bitcoin ETF. This sets it apart from most other asset managers.
For more information:- https://academy.suncrypto.in/blackrock-and-jio-collaborate-on-digital-asset-venture/
BlackRock is relentlessly expanding its global presence by partnering with Jio Financial Services of India to launch a joint venture. Both BlackRock and Jio will initially invest $150 million into the new platform. This funding basically aims to provide investment services in India.
BlackRock aims to capitalize on the increasing demand for digital assets in India. In this market segment, BlackRock stands out with its ambitious plans, including the recent filing for approval of a spot Bitcoin ETF. This sets it apart from most other asset managers.
For more information:- https://academy.suncrypto.in/blackrock-and-jio-collaborate-on-digital-asset-venture/
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SunCrypto Launches Proof of Reserve & Liability Audit Report – July 2023
Dedicated to revolutionizing the accessibility of digital assets and committed to implementing industry best practices, SunCrypto proudly announces the release of its Proof of Reserve and Liability Audit Report for July 2023.
SunCrypto is taking a significant step forward in the world of cryptocurrency exchanges embracing transparency and security as core principles.
For more information:- https://academy.suncrypto.in/suncrypto-launches-proof-of-reserve-liability-audit-report-july-2023/
Dedicated to revolutionizing the accessibility of digital assets and committed to implementing industry best practices, SunCrypto proudly announces the release of its Proof of Reserve and Liability Audit Report for July 2023.
SunCrypto is taking a significant step forward in the world of cryptocurrency exchanges embracing transparency and security as core principles.
For more information:- https://academy.suncrypto.in/suncrypto-launches-proof-of-reserve-liability-audit-report-july-2023/
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Weekly Crypto Recap As Per 31 July
The current market cap is ₹97,235,775,239,150 on 31 July. In the past year, even the top-performing coins were seen struggling in these challenging times and are trying to make a comeback.
For this last week, Bitcoin is at the price of ₹2,420,651.24 and has increased by 0.36% in the last 24 hours, and a dip of 2.32% is seen in the duration of 7 days.
The price of Ethereum at the moment is ₹153,667.50 and has decreased by 0.56% in the last 24 hours, and a dip of 1.39% is seen in the duration of 7 days.
For more information:-
https://academy.suncrypto.in/weekly-crypto-recap-as-per-31-july/
The current market cap is ₹97,235,775,239,150 on 31 July. In the past year, even the top-performing coins were seen struggling in these challenging times and are trying to make a comeback.
For this last week, Bitcoin is at the price of ₹2,420,651.24 and has increased by 0.36% in the last 24 hours, and a dip of 2.32% is seen in the duration of 7 days.
The price of Ethereum at the moment is ₹153,667.50 and has decreased by 0.56% in the last 24 hours, and a dip of 1.39% is seen in the duration of 7 days.
For more information:-
https://academy.suncrypto.in/weekly-crypto-recap-as-per-31-july/
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Will Indian Market Seize the Crypto Crown or Miss the Mark?
The introduction of blockchain technology, also known as Web3, marked a significant milestone in the Indian Market. Emerging from the principles of decentralization, which challenges centralized power, the complex world of blockchains and cryptocurrencies managed to captivate the public's imagination in a remarkably short time.
With time, the enthusiasm for blockchain has spread extensively, leaving hardly any location on the global map untouched by this disruptive concept. The United States and Europe have been the primary centers of crypto growth, as most media reports and analyses suggest.
However, the developments in other parts of the world tell an equally fascinating story. So, what happens when the blockchain wave reaches a country with a population of over 1.4 billion?
For more information:- https://academy.suncrypto.in/will-india-seize-the-crypto-crown/
The introduction of blockchain technology, also known as Web3, marked a significant milestone in the Indian Market. Emerging from the principles of decentralization, which challenges centralized power, the complex world of blockchains and cryptocurrencies managed to captivate the public's imagination in a remarkably short time.
With time, the enthusiasm for blockchain has spread extensively, leaving hardly any location on the global map untouched by this disruptive concept. The United States and Europe have been the primary centers of crypto growth, as most media reports and analyses suggest.
However, the developments in other parts of the world tell an equally fascinating story. So, what happens when the blockchain wave reaches a country with a population of over 1.4 billion?
For more information:- https://academy.suncrypto.in/will-india-seize-the-crypto-crown/
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