Oracles


Markets

DeFi Oracle Umbrella Network Migrates to Binance Smart Chain From Ethereum

"BSC integration will reduce transaction costs by up to 90+ percent vs Ethereum," Umbrella Network said.

umbrellas

Finance

Oracle Provider API3 Signs 10-Year Deal With Open Bank Project

The partnership could bring fintech and banking customers into DeFi, says Open Bank Project founder Simon Redfern.

A bridge between banking and DeFi.

Markets

Chainlink Is Building an Off-Chain Oracle Network

Chainlink 2.0 will create a second layer network that will allow oracles to take the bulk of their work off-chain.

Chainlink co-founder Sergey Nazarov

Tech

Chainlink Promises '10x Data' With New 'Off-Chain Reporting' Overhaul

Chainlink Labs developed the new network over the past year.

Chainlink co-founder Sergey Nazarov

Markets

Kraken Exchange Brings Its Spot Price Data to DeFi Via New Chainlink Node

Kraken's connection to the Chainlink network allows the exchange to broadcast its price data for use in blockchain-based apps.

Kraken co-founder and CEO Jesse Powell

Tech

What Is a Blockchain Oracle?

An oracle sends data from the outside world to a blockchain so specific data, like temperature, can execute the disbursement of money.

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Markets

Origin Protocol Loses $7M in Latest DeFi Attack

Stablecoin project Origin Dollar (OUSD) sustained a re-entrancy attack at 00:47 UTC Tuesday resulting in a loss of funds worth $7 million.

OUSD suffered a flash loan attack.

Finance

‘Chainlink Killer’ API3 Closes $3M Funding Round With Placeholder and Pantera

API3, a firm aiming to provide an alternative to oracle service Chainlink, has raised $3 million in a private funding round led by Placeholder.

Placeholder partner Chris Burniske at Consensus Invest 2017

Tech

Flash Loans Aren’t the Problem, Centralized Price Oracles Are

Flash loans attacks have received a lot of press attention. But they're not DeFi's biggest vulnerability, says Chainlink's CMO.

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Finance

Razor Network Raises $3.7M to Prove There’s Room for More Oracles in DeFi

Razor Network raised $3.7 million in seed funding from NGC Ventures, Alameda Research and Mariano Conti, the former oracles chief at MakerDAO.

viva-luna-studios-y3qrbAgm7q8-unsplash

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