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Chainlink and GitHub commits

Chainlink (LINK) is an Ethereum token, that works on the decentralized Chainlink network. The network helps to connect securely to external sources. It happens through smart contracts on Ethereum. The token gets connected to external data sources, API, and payment systems by the network.

GitHub is a platform that allows people to build software. The GitHub user count is over 50 million. It provides help with version control and collaboration between software. It allows its users to work on multiple projects from anywhere. The commits are basically the saved changes in GitHub. All the commits have a message associated with them. This message gives a description of the recently made changes. So, commit messages to capture the history of changes. So this provides the understanding of the status of completion to other users.

The increase in GitHub commits

An analysis by a team at Santiment feed shows the following results. Since mid-2020, the developers are working very hard on the Chainlink project. So, the team pointed out that due to developers’ work, the GitHub commits to keep on increasing with time. The team made significant observations relating to both events. They linked the price hike of Chainlink with the decreased activity in commits. As per the team, a small drop in activity of commits results in an increased price of Chainlink. So, the commits are directly related to the Chainlink token’s price in the market. The team managed to establish the relationship between the above.

The impact

Chainlink is now in the $21 support zone. Bitcoin is in the $30,000 to $32,000 price cap. Though Bitcoin is the king in the crypto world, it has its own challenges. Recently, Bitcoin prices dropped to $30,333. The drop seemed to be an attempt to print a double bottom that was around $28,800. The lowest price is an impact of the panics in the crypto market. When the reports of a $22 Bitcoin got sensationalized, the crypto market panicked. Due to this event, Bitcoin touched $28,800.

There is a lot of altcoins and cryptocurrencies are available in the market. But the Chainlink’s fate is getting linked to Bitcoin. On this Friday (Jan 29), many BTC futures and options will expire. Bitcoin price shall be heavily impacted. Due to this, Bitcoin will experience high volatility, impacting the change in price. So, there will be an expected change in the Chainlink token’s price. It would be interesting to see that Chainlink will reach a halt or continue to grow.

Conclusion

This week will see a lot of changes in the crypto world. The Crypto market will face the impacts of BTC expiry. Bitcoin will see a significant change in its price. Chainlink prices will be impacted. It will make the scene very clear to Chainlink’s investors to predict the future. It will show the future of Chainlink and where it is getting headed.

Some interesting news about known universities in the world came to the front. As per Ian Allison, many Ivy League universities are showing interest in cryptocurrencies. They are buying and investing in cryptocurrencies. These universities include the University of Michigan, Yale, Brown, and Harvard. In addition, these prominent schools and colleges are supporting crypto exchanges. Coinbase and many other trading platforms are getting benefited from this. Also, the reporter explained that many colleges and universities are buying digital currencies. They are purchasing the cryptocurrencies from specific exchanges.

The report

The endowment programs of these reputed universities are quietly buying cryptocurrencies. In addition, he found from her sources that quite a few universities are doing this. Some of the colleges are allocating a small number of their funds to cryptocurrency. Sources also confirmed that some colleges have stored funds on the crypto exchanges for a year or so. Also, there are few other notable things that came from the sources. Since mid-2019, universities and colleges are into the crypto business. Most of the colleges are doing this for at least a year. Expectations are that the colleges will open up this year about this investment. Above all, the colleges will have expectations of getting high returns. Due to this investment at this point in time, they will be expecting much higher profits. It is all because of the increasing market price of cryptocurrencies.

Few important incidents

It is evident that many well-known universities and colleges are purchasing bitcoin. They are also investing in other cryptocurrencies. They are into the crypto funds for their endowment programs. The University of Michigan invested in cryptocurrency back in February 2019. The university did this of its requirements for endowment programs. In addition, the investment in cryptocurrency got managed by Andreessen Horowitz. Reports stated that Ivy League school Yale invested in cryptocurrency in May 2019. Yale did the investment in crypto fund Paradigm. Yale has the second-largest endowment program in higher education currently.

Status from all around the world

A lot of colleges around the globe are putting their hands into cryptocurrencies. The recent boom in the crypto world triggered these incidents. More and more universities and colleges are going in this direction. For a long time, colleges are investing a small portion of their funds into cryptocurrencies. Many high net worth individuals made donations to universities and colleges in cryptocurrencies.

Conclusion

A number of universities accepted digital currency donations. Some schools have crypto backers funding them regularly with digital assets. Many other schools also accept bitcoin and cryptocurrencies. Some colleges also have elective courses on blockchain technology. Few of the colleges are Standford, MIT, Cornell, Puget Sound, and Princeton. This might prove to be a revolutionary step in the crypto world. In conclusion, the support from big universities and schools would help the growth of cryptocurrencies. It won’t be wrong that many universities will only accept cryptocurrency in the future. These events stand in favor of the crypto market. This shows that the bright future and global acceptance of cryptocurrencies.

According to the latest news, Bitcoin is trending currently in the digital market. Digital currency and assets are in demand. Digital assets are trying to change the financial face of the globe. Recently, Mrs. Janet Yellen also provided her opinions on cryptocurrencies. Yellen is a nominee of Joe Biden’s Treasury Secretary. In addition, she will be holding an important post in Biden’s cabinet if selected. Her comments on cryptocurrency changed significantly in the recent few days.

The preliminary thoughts

She was against cryptocurrency. Moreover, she mentioned that digital currency is a real concern. The digital currency has its usage majorly for illicit financing. She focused on the technology that we need to adapt to deal with the crypto world. She said that we need to have new methods to deal with the matters like tech terrorist financing. We should adapt as per the trends. Moreover, we have to be ready to deal with the crime these technologies will bring. She thought of staying away from crypto.

Cryptocurrency is a magnet for cyber thieves. The blockchain is anonymous and nobody gets caught. There is no control over the blockchains. No individual agency can control these financial networks. Above all, there is no law enforcement agency or regulatory body to regulate its activities.

Her recent meeting at the senate

Mrs. Janet Yellen made a follow-up comment after two days on cryptocurrency. Her opinion in her statement seemed quite contrary to the previous one. Now, she showed a lot of confidence in the potential of digital currencies. After that, she presented her views in the senate committee on finance.

Questions imposed on her

She got few questions to answer regarding new technologies in the senate committee. The question is to present her view on the new emerging technologies. She has to answer on the potential benefits and threats of these on the U.S. national security. Also, she got asked to propose ways to safeguard and regulate digital and cryptocurrencies. She mentioned the wide array of benefits cryptocurrencies have brought in today’s world. Digital currency has the potential to improve the efficiency of the financial system.

Yellen’s changed opinion

She gave emphasis on the legitimate use of Bitcoin. Also, she focused on developing a regulatory framework to effectively use digital assets. As per her, we have to find ways to encourage the use of digital currency for legitimate purposes. With that, we have to also prevent its usage for illegal and malign activities. Yellen wants to co-ordinate with the Federal Reserve Board. In addition, she wanted to implement a regulatory framework for cryptocurrency and digital assets. Above all, she wants the co-operation of federal banking and securities regulators for this step.

Conclusion

Janet Yellen’s concern regarding cryptocurrencies is actually valid. The reason is the risks involved with cryptocurrencies. Along with the risk factor, multiple thefts and hacking also take place. Moreover, there is no regulatory body overseeing the complete digital world of finance. The wide acceptance of crypto payments has also increased complications. The involvement of cryptocurrency in scams is high in today’s world. This is majorly due to its decentralized nature. Most of the time, the funds lost are never retrieved.

About Ethos

Ethos is one of the leading cryptocurrency service providers. It is a platform that is like a bridge between blockchain and financial institutions. Ethos provides multiple products for the crypto world. Some of them are Ethos Universal Wallet, Ethos Bedrock, and many others. The Universal Wallet provides security to its users to keep their crypto assets safe. It provides its services for free. The Wallet is on the Bedrock platform. Bedrock is the foundation that makes the blockchains more accessible. It provides security for the users and the financial institutions. Ethos has a global presence and its headquarters is in Singapore.

Bedrock – The foundation platform

Bedrock is a very sophisticated high perform platform that provides blockchain financial services. Its main aim is to make blockchains and cryptographic protocols easily accessible. With Bedrock, financial institutions will safely use the best of digital technology. The institutions could also use multiple crypto financial services. The services include custody, liquidity, brokerage, and lending. However, as mentioned earlier, the Universal Wallet works completely on Bedrock. Bedrock is up and running and supporting many customers. Till now, it supported 90,000 users across the globe. It helped to perform more than 400,000 transactions seamlessly. Above all, these transactions involve multiple blockchain networks.

Expert Opinion

The founder and CEO of Ethos are  Shingo Lavine. He provided his views on this. He said that most of the fintech firms see blockchain as the next big thing in the digital finance world. But there is a lot of things that are very complex and not accessible. They are a wide range of blockchains and crypto protocols and frameworks. So, Bedrock is the platform that combines all this. Moreover, it provides a framework that is very easily accessible. So, with Bedrock, a lot of blockchain-based products and services will be available for the users. He believed that this technology will provide enormous power to the digital economy.

Its Uses

Bedrock has a wide array of functions. It supports multiple functionalities for the financial institutions. In addition, it provides the platform for financial institutions to create their own crypto wallets. It helps to provide a lot of services like liquidity, custody, and many others. Also, it provides customized solutions. These are blockchain integration, alerts, identity, and transaction monitoring.

The technology behind it

The technology used for the bedrock platform is very complex and sophisticated. The platform uses open peer-reviewed standards like BIP32, BIP39, and BIP44. It is with the help of these standards that help users keep their digital assets safely. It also has an abstraction layer. This offers support to multiple blockchains and custom digital wallets.

The Ethos token powers up the Bedrock platform. This token provides access and utility to the complete Ethos ecosystem. So, the business partners can utilize the Ethos token to get access to the system. They can also pay fees and get discounts. Therefore, it is such a platform that created a win-win ecosystem for both its users and business partners. In conclusion, it operates seamlessly and cost-effectively delivering all the benefits to both parties.