Huobi Exchange to Integrate Price of Cryptocurrency Pairs With Chainlink Oracles

Huobi Exchange to Integrate Price of Cryptocurrency Pairs With Chainlink Oracles
July 7, 2020

 

The cryptocurrency market remains range bound with slight bullish bias. Bitcoin (BTC) is struggling to stay above $9,000. In the past 24 hours, Bitcoin has gained 2% to trade at $9,278. Ether (ETH) has gained 4.8% to trade at $239. XRP rallied 5.9% to trade at $0.1874. Other major altcoins which has gained ground in the past 24 hours include ChainLink (LINK-$5.60, 16.8%), Stellar (XLM-$0.0704, 5.0%), Bitcoin Cash (BCH-$238.62, 6.9%), Ethereum Classic (ETC-$6.04, 6.4%), Tezos (XTZ-2.42, 5.6%), Cardano (ADA-$0.1044, 6.6%), Litecoin (LTC-$43.64, 4.5%), Tron (TRX-$0.0176, 0.6%), IOTA (IOTA-$0.2406, 1.2%), EOS (EOS-$2.57, 5.8%), Binance Coin (BNB-$16.19, 4.0%), Huobi (HT-$4.24, 3.8%), OKB (OKB-$5.09, 4.0%), Monero (XMR-$64.27, 2.0%), LEO (LEO-$1.24, 4.0%), Dash (DASH-$69.98, 3.8%) and Bitcoin SV (BSV-$187.38, 21.0%). The only major altcoin which has lost ground in the past 24 hours is Cosmos (ATOM, $3, -0.2%).

 

Government level initiatives

Binance joins hands with Zhongshang Beidou

The blockchain research institute of Binance has entered into a collaboration with Zhongshang Beidou, a Chinese supply chain pioneer, to jointly create a digital framework for small and medium enterprises (SMEs) in the country. Zhongshang Beidou is a state-controlled enterprise administered by the government-owned Assets Supervision and Administration Commission of the State Council (SASAC). The organization oversees all the 96 centrally managed state-owned enterprises in the country.

As strategic associates, the China office of Blockchain Institute and Zhongshang Beidou will partner to use blockchain technology to rebuild the supply chain framework and also foster industrial innovation and the creation of China’s digital economy. Both parties will work together on scientific study, project implementation, and commercialization of technologies.

Zhongshang Beidou’s chairman Hongtao Duan stated that the enterprise is, “Committed to driving industry capitalization through information industrialization, bringing China-based brands to the capital markets and to the global audience. By applying blockchain technology to the supply chain industry, it will also help protect and reshape the vintage brands and agricultural brands in China.”

 

Private sector initiatives

Social media venture, Voice, goes live for a short while

Voice, a blockchain-powered social media venture backed by EOS founder Block.One, went live for a short period, ahead of its planned rollout. Voice, which runs on the EOSIO covenant, intends to utilize blockchain technology to develop a trustworthy social network, free of duplicate accounts and bots. The venture, officially announced in June 2019, uses biometric authentication technology to validate every account and prohibiting accounts to one per individual to safeguard user info.

Temporarily, the main page of Voice showed numerous posts from various accounts, which included multiple likes and comments. At the time of writing this article, the website is offline and shows “error 1020,” implying the site is “using a security service to protect itself from online attacks.”

Earlier in June, Voice CEO, Salah Zalatimo announced plans to launch the platform on US Independence Day. Zalatimo further stated that only registered users are eligible to post content or interact online.

 

Huobi to integrate price data of crypto pairs with Chainlink

Popular crypto exchange Huobi will integrate price data of crypto pairs with Chainlink’s ecosystem in order to enhance its own info reliability and offer better price data. While Binance was the first top crypto exchange to integrate its price info with Chainlink oracles in October last year, Huobi has gone a step further by running a node on the platform via Huobi wallet. This permits the exchange to sign its own price info enabling users to affirm that any price data arriving from the exchange (Huobi node) is genuine and directly from the origin.

Will Huang, CEO of Huobi Wallet, said: “DeFi offers a unique value proposition of providing financial products that are transparent, open, and programmable. We are very excited to accelerate our involvement in this emerging trend by providing Chainlink users access to Huobi Global exchange data, as well as running our own Chainlink Node.”

The initial lot of cryptocurrency pairs that will have their price data integrated with Chainlink are BTC/ETH, BTC/USDT, ETH/USDT, and LINK/ETH. More will be added soon.

 

Miscellaneous

Tron gets its own personalized Twitter emoji hashtag

Tron (TRX) blockchain is the fourth project to obtain a personalized Twitter emoji hashtag. Justin Sun, the founder of Tron blockchain, introduced the distinct emoji through a tweet last Friday. Tron Foundation has also announced a TRX giveaway campaign to promote the unique emoji. Interested crypto enthusiasts must add the emoji to their profile. A branded hashtag is a paid service provided by Twitter. The cost of purchasing a hashtag is not revealed and depends on negotiating skills.

The hashtag is related to a particular event. Along with “#TRX” and “#TRON,” the blockchain project also obtained the hashtags “TRONGreatVoyage” and “TRONConference.”

This refers to a forthcoming Tron 4.0 launch program, conducted as an online conference titled “Great Voyage.”

Interestingly, the venture also obtained the “#TRONAnniversary” hashtag, which would probably be used as a reserve. Notably, Tron’s mainnet launch anniversary is on May 31st, while Virtual Machine roll out anniversary is on August 29th.

Disclaimer: Any financial trading analysis offered here is our opinion and is not intended as advice or direction for investors. We cannot guarantee the success of any trades made as a consequence of this article, and we encourage traders to incorporate a strong money management strategy to limit losses when they enter the markets. Please use this article as part of your own research before formulating strategies prior to trading.

Ian Maguire

Ian Maguire

Ian is our resident contributor to the latest going ons in the cryptomarket, keeping up to date with the latest icos and coins


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