Libra Inspires Digital Innovation from Banks

Facebook’s new Libra cryptocurrency is stirring mixed reactions from banks everywhere, but some of these reactions are inspiring them to do things one would never believe they’d do.
Libra Is Turning Financial Heads
At press time, it appears Libra has caused many banks around the world to examine the prospects of releasing their own cryptocurrencies. Maybe it’s because they’re afraid of the power Facebook will have and they want to have some sort of leverage granted Libra turns out to be the “next big thing” in finance. Maybe they want to build their own networks and power up in case they must compete directly with Facebook, or maybe… Just maybe, they suddenly like cryptocurrency and think it can do wonderful things for the world.
Either way, many banks are looking into developing their own forms of crypto, and like everything else, this could have both positive and negative attributes. For one thing, cryptocurrency is designed to be decentralized, while banks are not. If banks are now controlling crypto, the benefits of those digital assets will not be the same as those of bitcoin, Ethereum, Litecoin or other mainstream forms of crypto.
These are examples of decentralized assets, and they give more financial independence to their users. If banks are controlling the crypto assets in question, this will go against everything that crypto stands for, and people will still be subjected to the same rules and regulations one often sees with banks, which means there will be limits on who can use them and for what.
At the same time, all these currencies would likely be stable currencies and tied to the forms of fiat represented by the banks issuing them, meaning they’ll be less vulnerable to price swings and volatility. This could ultimately represent a whole new wave of monetary means (digital cash) for users to enjoy without having to worry about inflation.
One of the banks that was originally against creating its own form of crypto was BIS. It’s chief Agustin Carstens claimed he “didn’t see the value,” but has since changed his mind and submitted a report that explains how the bank is looking to work with and gain knowledge from financial institutions that are creating their own crypto assets.
Why the Change of Heart?
Carstens explains:
Many central banks are working on it. We are working on it and supporting them, and it might be that it is sooner than we think that there is a market and we need to be able to provide central bank digital currencies.
BIS also says it’s looking to build an “innovation hub” for financial technology. The space will be explored by organizations stationed in Singapore, Switzerland and Hong Kong. In addition, Sweden’s central bank is also looking to build its own cryptocurrency – a move that Carstens allegedly supports all the way.
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Bitcoin: An End-of-Month Analysis

At press time, bitcoin is trading for just over $11,100. While this isn’t as strong as where it stood earlier in the week, it’s still miles better than where it’s been in the past – particularly before April of 2019.
Bitcoin Has Corrected, but It’s Still Going Strong
As June comes to an end and we’re about to take our first step towards July, we can look at bitcoin’s behavior over these last 30 days and assume what may occur in the coming weeks. Bitcoin, as we all remember, was trapped in darkness for most of 2018. Let’s rephrase that – all of 2018. It was an uncomfortable sight, especially considering that the currency had reached its all-time high of nearly $20,000 just months prior around Christmas of 2017.
In November of 2018, the currency took a real nasty turn, dropping into the mid-$3,000 range after a controversial bitcoin cash hard fork took place that sent the granddaddy of crypto spiraling into oblivion. Things lasted this way for many months, and several traders and enthusiasts thought the end of bitcoin had finally arrived.
Nobody expected what occurred just five months later in April, when the currency rose to the $5,000 range.At first, many of us thought it was a hoax or fluke of some sort. After all, it had been a long time before bitcoin had even touched the $5,000 range. This was surely some sort of mistake, and it probably wouldn’t take long for the currency to fall back to where it was before.
But the opposite occurred. Instead, bitcoin rose to $6,000… then $7,000… then $8,000. Despite several obstacles that were still in its way (i.e. a Binance hack that saw more than $40 million in BTC units disappear overnight), the currency was on a role to get itself out of the gutter and return to trading in top form.
Enthusiasts and crypto investors everywhere exploded with joy at the thought that bitcoin would once again be trading in the five-figure range, and this later occurred in early June when the currency spiked beyond the $10,000 mark. From there, $11,000 and $12,000 respectively, until it finally peaked (for now) at the $13,000 range just a few days ago. Since then, it has undergone something of a correction and fallen back into the $11,000 range, but this isn’t something we should worry about just yet.
What Can We Expect Now?
After all, in May of this year, the currency rose to $9,000 temporarily before falling back down into the $7,000 range. It has since added more than $4,000 to its overall price, meaning that these corrections occur, especially when the rises happen so swiftly and without warning.
Granted bitcoin can retain this behavior, July is likely to give us even more spikes, and enthusiasts probably have a lot to look forward to. We saw gains of roughly $6,000 in June. Should this keep up, we could see bitcoin spike to $20,000 again much sooner than we all anticipated.
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Why Is Bitcoin Suddenly Correcting Itself?

Bitcoin has had something of an up-and-down month in June. At press time, the currency is trading for just over $11,100, though this is small beans compared to the $12,200 it was trading for yesterday. It’s even smaller given that roughly a week ago, it was trading for nearly $13,600.
Bitcoin Is Still at the Top
Despite all of this, bitcoin is still gaining, though this month has been marred by some serious corrections. Last Wednesday, bitcoin dropped down to about $10,400, which means the currency ultimately lost about 12 percent of its overall value, though this isn’t something we should consider “abnormal.”
Remember in May when bitcoin rose to $9,000 then fell into the $7,000 range temporarily? These corrections happen, especially when price spikes occur rather suddenly, which they have, and we can’t assume that bitcoin’s future is about to be clouded. After all, bitcoin later rose beyond $9,000 and then some.
Blockchain Capital’s Spencer Bogart says this is all completely normal, and explains why such corrections are not only common, but even necessary if bitcoin is going to be a stronger currency. In a recent interview, he states:
For one, this is natural for any kind of asset that has fixed supply but fluctuating demand, particularly one like bitcoin that’s early on in its life cycle.
This certainly applies to the granddaddy of crypto. It is said that only 21 million units of bitcoin will ever be in existence, and already there are about 18 million in circulation. We’re likely to see mining top off in the coming years, which means bitcoin’s value is likely to change as this mining comes to an end.
Bitcoin has also seen the demand surrounding it alter. In 2018, for example, everyone lost interest thanks to its ongoing price drops. Since April of this year, when spikes began occurring again, people have grown more accustomed to bitcoin and see it as a much stronger store of value.
Bogart explains:
People assume you’re buying this art because it’s beautiful, right? You’re buying this vintage Ferrari because maybe you’re going to drive it around. These things don’t adorn people’s walls. They’re not driven on the streets. They sit in vaults and in warehouses, so they’re a store of value and a scarce asset because there will be no new Picasso paintings, [and] there will be no new vintage Ferraris.
Be Smart When You Invest
Despite his confidence in crypto and bitcoin, Bogart says that anyone interested still needs to remain careful. He suggests purchasing only a small percentage of bitcoin or crypto so that it amounts to about one percent of your portfolio. From there, you shouldn’t touch it for at least three years after buying it:
That’s strictly a purchase in a scarce asset that’s used as a store of value to preserve capital over time.
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CPChain Mainnet Launched to Bring Fast IoT Solutions

Coinspeaker CPChain Mainnet Launched to Bring Fast IoT SolutionsCPChain (Cyber Physical Chain) just launched its mainnet, successfully producing blocks as of 6/27/2019 03:18 AM UTC+8. CPChain ushers in a new and fast solution for real-time data keeping compatible with the Internet of Things, offering an immutable record and fast connectivity to a distributed network.CPChain’s mainnet aims at the goal of uniting blockchain, encryption and storage to serve IoT devices while optimizing data sharing costs and ensuring end-user privacy. CPChain tackles the issues of real-time processing, security, data sharing, and scalability, to bring real-world IoT solutions.Currently, data remains more or less isolated, and the Internet of Things or smart devices are serviced by a centralized computing center. This has led to multiple problems, including smart devices, smart homes or locks not working because a single server was down. Or locks that were hacked and opened, because all the data was kept in one place.The blockchain is never down – and CPChain also has the perfect solution for security, as the distributed data are encrypted in a way where an attack is not feasible. The other issue, the speed of transactions and real-time observation, is also built into the CPChain mainnet solution.Since its launch, CPChain has kept a block time of 10 seconds, an interval deemed just right for collecting and storing data from smart or connected devices. Additionally, CPChain uses a fast consensus mechanism by connected nodes, which is a form of dynamic proof-of-reputation block creation. Nodes are a more efficient way to reach consensus, in comparison to pure proof-of-work networks, where there is a time lag for data to be distributed and stored among miners.CPChain aims to be one of the fastest and most secure networks to achieve the tracking of smart devices. So far, a handful of projects have attempted to bring about a fast and secure chain, but they have all faced flaws and glitches. It is the mission of CPChain to achieve the best mix of speed and security, as well as decentralization, through the features of its mainnet.The mainnet launch also brings closer another milestone, the token swap for CPChain from the Ethereum network to its proprietary blockchain. CPChain is also working on its wallet launch to store the new native assets, expected in August 2019. For more details about token swap, please refer to https://cpchain.io/community/.The token swap for the holders of ERC-20 tokens will happen initially within the framework of the Spark Program, running between July 1-7, 2019. During that period, the holders of Ethereum-based CPChain tokens will be able to register their balance and request the issue of new tokens. For early swappers, Spark Program will grant a 1.67% interest rate on exchanging the tokens a month earlier.For those that wait until later, there is always the possibility to swap the tokens through exchanges, or through the upcoming native wallet of CPChain.The CPChain network will build its support by offering rewards to the owners of nodes in various tiers. Economy nodes will be the entry-level option for staking the CPC tokens, and require 20,000 tokens and a lockdown period of 90 days. The introduction of Economy nodes aims to expand the outreach of the CPChain network.Additionally, staking 200,000 CPC makes a candidate automatically become an RNode and would have the chance to be selected into the final proposer committee. The proposer committee is a group of 12 RNodes entitled to produce blocks and receive rewards.CPChain will introduce four “official proposers” and elect eight other RNodes with the right hardware and staked coins to proposer blocks on chain and secure the network. The number of block proposers – 12 in total, is calculated to mitigate the risk of attacks against the network, and to achieve fast consensus while making it difficult for anyone to impersonate nodes.The entire system of securing blocks works as a Dynamic Proof of Reputation, always shifting the block proposers to avoid the creation of a monopoly. This adds an extra dimension to a traditional proof-of-stake network, which often comes to depend on a stagnant array of block proposers, creating undue influence. CPChain has solved the problem of running a fair, Byzantine fault-tolerant system, while offering a fair distribution of CPC token rewards.Producing blocks through a limited number of proposers serves to ensure the speed needed to turn CPChain into an IoT network.CPChain has already worked on partnerships to boost its position in the world of smart devices, IoT data and blockchain. The startup has partnered with BMW China to develop some sort of POC project in the field of Mobility. CPChain is also developing a driving and driver training solution, in cooperation with the National Vehicle Driving Safety Engineering Technology Research Center.Additionally, CPChain has achieved numerous partnerships with startups in the blockchain sector. The joint project with LTO Network aims to build enterprise-grade transaction capacity. The joint efforts with the ArQit project aim to build a solution resistant to quantum computing. One of the most significant partnerships is with Keystore, the producer of authorization and network security solutions. Keystore also secures the networks of projects like Cosmos, PlatON, WanChain, Ontology, VeChain, IRISNet, Qtum, ChainX, and GXChain.CPChain will enter a new stage following the mainnet launch. Equipped with a new wallet, and an ecosystem of nodes, CPChain is a must for all blockchain enthusiasts in the coming years.CPChain Mainnet Launched to Bring Fast IoT Solutions

Winklevoss Twins’ Net Worth Grows Thanks to Crypto

The Winklevoss twins are among the biggest and most well-known cryptocurrency advocates, and as of late, their fortunes have increased significantly thanks, in part, to the bitcoin rally that has been occurring since April of this year.
The Winklevoss Twins See Their Investments Grow
The plight of the twins first came to light in the Oscar-winning film “The Social Network,” which detailed the creation of Facebook, arguably the world’s largest and most used social media platform. The twins and the film allege that Facebook was originally their idea, and that Mark Zuckerberg – current head executive of the company – was merely a programmer that they asked to do technical work and coding for the system.
However, the film suggests that Zuckerberg created the platform and passed the idea off as his own, which resulted in both the twins and Zuckerberg heading to court. Zuckerberg ultimately settled the dispute with the Winklevoss brothers, and all parties went their merry ways.
Since that time, both Cameron and Tyler Winklevoss have moved on to establish solid reputations in both the crypto and monetary spaces. They have since created what’s known as the Gemini Exchange in New York, a cryptocurrency trading platform and one of the first recipients of the now infamous New York-based Bitlicense which many companies and traders said halted innovation in the cryptocurrency space and within the Big Apple.
The twins haven’t allowed this to get in their way. They are also solid bitcoin investors and have experienced heavy gains in their cryptocurrency fortunes over the past few months since bitcoin first began its present bull rally in April of 2019. At press time, their combined net worth – which is comprised mostly of digital assets – has reached $1.45 billion. Pretty serious, considering this same worth was approximately $645 million at the beginning of the year.
In addition, the market stability and trends affecting bitcoin this time around appear a lot more legitimate than was witnessed in 2017. Qiao Wang, director of product at the crypto data startup Messari, explains:
The confidence is certainly returning. The difference between now and the last time bitcoin reached $13,000 is that the market is currently far more rational… Bitcoin is digital gold and a hedge against inflationary economic crises. If investors believe in this thesis, they should slowly accumulate bitcoin and hold it for years to come. They should not go all-in or trade frequently.
The Market Is Stronger, More Mature
Larry Cermak, director of research at the Block, boasts similar sentiment, saying that the crypto market has become somewhat “tame and rational” in recent months. He states:
There’s no evidence that it’s coming from one country. If I were to make an educated guess, the rally was started by larger investors and sustained by some retail investors.
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Opinion: Libra Could Never Outdo the U.S. Dollar

Facebook’s new Libra coin has a lot of things going for it, but could it ever rival the U.S. dollar?
Libra Is Big, but It’s Not That Big
In a recent podcast, Facebook’s head of blockchain development David Marcus says that the company is hoping the new Libra currency will gain enough traction in the space and enough attention amongst both investors and traders to surpass USD. It’s certainly an ambitious feat, but it’s also somewhat unrealistic – at least for now.
For one thing, the U.S. dollar has an established history. It is used by virtually everyone in the United States to either make purchases, satisfy bill payments or keep in the bank for sustaining monetary stability. Facebook Coin is still very new to the financial space and is already suffering from a previous reputation – one marred by deception, lies and potential profit.
Of course, we’re referring to the Cambridge Analytica scandal that occurred in 2018. Facebook’s Mark Zuckerberg was grilled hard by Senate members after it was revealed that the social media giant was selling the private data of its users to third parties for advertising purposes. As a result, trust in the platform fell to record lows.
Many people are still suffering from a lack of trust, and don’t see Facebook as a legitimate enterprise. The idea of giving the company access to their financial information is ludicrous, and potentially opens the door to more significant problems down the line. Libra is not even available yet, but it’s already suffering from the reputation of its parent company.
The second issue is that Libra likely can’t surpass the U.S. dollar considering it will be tied to it. By all accounts and reports, Libra will allegedly be a stable currency, meaning it will be tied to USD so that it is not vulnerable to the same price swings and volatility one often witnesses with mainstream cryptocurrencies such as bitcoin, Ethereum and Litecoin.
Given its “stable status” and its connection to USD, Libra probably won’t increase or decrease in value unless USD does so. Thus, such an idea becomes null and void from the beginning.
Some People Don’t Enjoy Crypto
Third – and this is probably the largest reason – is that at the end of the day, there will be many people in the U.S. (and abroad) that will never use cryptocurrency, either out of ignorance, mistrust or other reasons. However, everyone in the U.S. is required to utilize USD because it’s the official currency of the country they live in. Thus, USD will live on, whereas crypto is not required by any law or regulatory statute, and for that reason, there will be many people in this country that never touch it.
Libra is working towards some large and even admirable goals, but the chance that it will accomplish all of them feels relatively slim.
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Can Facebook’s Libra Be Used to Fund Extremists?

Throughout the years, many forms of cryptocurrency, including bitcoin and Monero, have been accused of attracting criminal activity and terrorist funding. It seems Facebook’s new form of crypto, Libra, is now being subjected to the same accusations.
Will Libra Be Used in a Negative Way?
Facebook Coin will allegedly be a stable currency, meaning it will be tied to USD so that it is not vulnerable to the same price swings and volatility that one often sees with mainstream forms of crypto such as bitcoin. Stable currencies are often meant to bring more “sturdiness” to the world of crypto and its investors, but sometimes, they can pave the way for more questions than answers.
One such example involves tether. Recently, Live Bitcoin News published an article suggesting – based on “testimony” from a known crypto skeptic – that tether could potentially be behind bitcoin’s second price rally, which began in April of this year. As we all remember, bitcoin began spiking a few months ago and reached $5,000, a price it hadn’t touched in several months. At press time, this figure has more than doubled, and bitcoin is trading for just shy of $12,000 per unit.
While this is certainly good news, it is being suggested that tether is once again being used to push the bitcoin price and exacerbate the crypto scene. This first occurred during the bitcoin rally of 2017, when bitcoin rose to its all-time high price of nearly $20,000. The evidence was first suggested in a report submitted by Texas finance professor John Griffin, and there are worries that the same scenario is happening again.
Even though Facebook Coin is a stable currency, it is still being subjected to the same concerns as bitcoin that it will be used for illicit purposes. Several members of the U.S. House of Representatives are now questioning FinCEN – the Financial Crime Enforcement Network – about how Facebook’s Libra will potentially be utilized.
Here’s Why We’re Worried…
Emanuel Cleaver II, a Democrat from Missouri, has issued the following the statement:
We’ve seen the significant damage that foreign adversaries and bad actors have wrought on our democracy through Facebook’s platform, and that was simply through messaging and advertising. Before we allow such a giant corporation to begin processing millions to billions of financial transactions, we must study these issues and ensure we have the tools and guardrails in place to deter terrorists, extremists, and/or enemies from utilizing such a platform to do harm to our nation… Now that we’re seeing a giant corporation like Facebook – which has already shown an inability to identify and impede these kinds of actors at an acceptable level – creating its own virtual currency called Libra, it cannot be understated the importance of Congress and financial transmitters to be proactive in utilizing the newest and most powerful technologies to ensure the financial system is not being used improperly.
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Justin Sun: July Will Be a Big One For the TRON Community

Coinspeaker Justin Sun: July Will Be a Big One For the TRON CommunityTRON’s (TRX) CEO Justin Sun announced that the next month will be a big one for the TRON community. He tweeted:July is going to be a big month for the TRON community! On July 1st, we will celebrate the testnet launch of BTFS. July 8, BitTorrent Speed becomes available. And we’ve got more guests to announce #PowerofOneLunch with @warrenbuffett after that!— Justin Sun (@justinsuntron) June 29, 2019Be that as it may, let’s see what we know for now. In July there will be a charity lunch that Sun bought his presence with by donating $4.57 million via an auction for the Charity Lunch with Warren Buffett organized by Glide Foundation.As we may presume, young Sun will try to explain to (much older) billionaire why cryptocurrencies are the future and not just a “gambling device” as Buffet once noted. With him will, for sure, be Litecoin’s creator Charlie Lee and Sun tweeted that soon we’ll know the names of all guests.As tweeted, Sun will introduce BTFS as the largest of the decentralized P2P storage network. He also noted that BTFS is going to allow the users to keep a track and host their storage with many other connected users and businesses. Will this affect TRX price it’s hard top say. The truth is, the nature of TRX could be seen on the Bull Run, which is predicted to continue until the huge announcement is made.Long term investment might be a risky decision considering one year’s data. The price in the long term is still dropping, which is bringing opportunities for intraday traders.Few days ago, Sun steered a live stream session with the TRX community talking about some significant matters and providing answering of the queries. One of the matters was Tron’s plan to initiate the buy-back program of TRX to focus on the secondary market.He said that TRON will conduct by far the largest TRX buy-back plan with the widest coverage in the secondary market, which will last for a year and will be conducted in several batches with no less than $20 million. Sun also added that the TRON Foundation would increase TRX holding to express its confidence in the coin.The truth is this move is actually showing confidence in the coin and its future, and as such, it might even further drive the coin’s price. TRON has already seen great advances in the past few days after it made its big comeback to the list of top 10 largest cryptocurrencies by market cap.Just for a reminder, TRX was pushed out of the top 10 list for the most of 2019, but talking about it, Sun was always pretty much assured that TRX would be within the top 10 and BTT within the top 30. However, at the time of writing, BTT sits at 36th place on the list of largest cryptos growing 5.54% to $0.001285, while TRX holds the 11th spot with 0.31 percent growth to $2,211,243,993.Let’s not forget TRON also hit numerous milestones, and even set up new records, breaking the old ones, most of which were held by Ethereum. Its dApp development have risen, and the number of smart contracts on the network is growing steadily.June 25, 2019, marks exactly a year since #TRON realized full independence. A year ago, TRON officially moved off #Ethereum and launched MainNet. TRON Protocol has been updated twice per month with a total of 22 updates. Check it out👇 #TRX $TRX https://t.co/UXnGypN4fz— Justin Sun (@justinsuntron) June 26, 2019Sun also announced that they’re launching their mainnet and are planning some new acquisitions as well. He tweeted:Moving off #Ethereum, launching MainNet, completing the acquisition of BitTorrent, all these happened in just one year. In the future, #TRON will be on the hunt for more synergistic acquisitions to continuously expanding the #TRON ecosystem. #TRX $TRX https://t.co/Qffhyg0HUO— Justin Sun (@justinsuntron) June 29, 2019During his live stream, Justin Sun ended his statement saying that he is excited to see where TRON will be when its next Independence Day comes around. If we look at the speed TRON was growing until today, we can certainly conclude that Sun will have more reasons to celebrate.Justin Sun: July Will Be a Big One For the TRON Community

Goldman Sachs Might Launch Its Own Cryptocurrency

Coinspeaker Goldman Sachs Might Launch Its Own CryptocurrencyRecently a French news source Les Echos did an interview with the CEO of Goldman Sachs, asking him about cryptocurrencies and the companies plans regards them. He revealed that they are working on and researching asset tokenization and stablecoins in general. They are looking at JPMorgan Chase‘s version of a cryptocurrency and they “absolutely” would follow in launching a similar cryptocurrency.“Assume that all major financial institutions around the world are looking at the potential of tokenization, stablecoins and frictionless payments,” he commented.He believes that that is the direction in which the payment system will go, hence stablecoins and asset tokenization. With an emphasis on “he believes”. Solomon commented this while he was asked to comment on the Facebook Libra project, which he refused, but answered: “I find the principle interesting.”Crypto Regulation Is ComingWhen asked about cryptocurrency regulation, he said that “a change is coming for sure”. What does he mean by that, we can only guess. It’s been already known for quite a while that multiple G-20 meetings have discussed the regulation of cryptocurrencies, but with no outcome. Possibly, this time they want to put a final decision on this issue.“I think regulators around the world are watching what’s going on. They wonder how it will work and are very attentive to payment flows,” Solomon explained.It is funny how companies quickly change their mindsets. Just recently in January, JPMorgan Chase said that crypto would only have value in a dystopian economy. Now they are in the works of launching their JPM Coin. It will run on Quorum which is a private version of Ethereum.The bank developed it in conjunction with EthLab. The main intent for this bank-like crypto is to settle a portion of transactions between clients of its wholesale payments business. JPMorgan revealed that they are beginning tests with clients earlier this week.Well not much for the banks, but this rather shows more about the great and interesting future we have ahead of us. Banks with these moves have acknowledged cryptocurrencies as such in the eyes of people who are not familiar with this matter. Payment systems will change, banks will try to offer something similar to cryptocurrencies, but eventually, people will realize – why do we need third parties, if we can do everything peer-to-peer?Goldman Sachs Might Launch Its Own Cryptocurrency

Chainlink Started Live Trading on Coinbase, LINK Price Skyrockets

Coinspeaker Chainlink Started Live Trading on Coinbase, LINK Price SkyrocketsChainlink (LINK) has landed on Coinbase’s retail platform and now can be bought and sold on the exchange. However, New York traders will have to wait before they get access.This announcement came just two days after Chainlink launched on Coinbase’s professional trading platform, Coinbase Pro. They said:“Once sufficient supply of LINK is established on the platform, trading on the LINK/USD, and LINK/ETH order books will start in phases, beginning with post-only mode and proceeding to full trading should our metrics for a healthy market be met. Support for LINK will be immediately available in all Coinbase’s supported jurisdictions, except for New York State. Additional jurisdictions may be added at a later date.”Chainlink is based on Ethereum in order to securely connect to external data sources, APIs, and payment systems and it seems that the company isn’t quite done with the big announcements. It’s already being used by various projects, including Celer, Ocean Protocol and Wanchain.According to their whitepaper:“In order for a smart contract on networks like Ethereum to use a ChainLink node, they will need to pay their chosen ChainLink Node Operator using LINK tokens, with prices being set by the node operator based on demand for the off-chain resource their ChainLink provides, and the supply of other similar resources.”Also from the company they said:“By allowing multiple Chainlinks to evaluate the same data before it becomes a trigger, we eliminate any one point of failure, and maintain the overall value of a smart contract that is highly secure, reliable, and trustworthy.”Coinbase is famous for its deliberative nature when speaking about new add-ons to their platform and have allegedly been contemplating over a Chainlink listing since December, 2018.Few days ago, Chainlink announced one of its biggest collaborations ever partnering with Google to make it easier for developers to match from BigQuery with data from the outside world. It also recently announced a collaboration with the world’s third-biggest software company, Oracle. They also said that one of the most common requests they receive from customers is to be able to trade more assets on the platform.“Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time.”The price of Chainlink’s native asset LINK went higher 10 percent when the Coinbase Pro news broke on Wednesday. At the time of writing it jumped enormous 54.11% to $3.46. Chainlink is currently the 17th largest cryptocurrency by market cap of $1,212,503,754.The oracle provider is already listed on Binance and other leading exchanges, including eToro and Huobi.With a listing on U.S.-based Coinbase Pro, which is aimed at Coinbase’s more sophisticated traders, Chainlink hopes to open the door to more American investors. And it often precedes a token’s promotion to the most popular U.S. exchange, Coinbase proper—owned by the same firm.They tweeted:LINK is launching at https://t.co/iQARfi557o and in the iOS and Android apps within the next 15 minutes. You may need to update your app to properly buy, sell, convert, send, receive, or store LINK. We will update when LINK is fully live. https://t.co/QaeKiXb85i— Coinbase (@coinbase) June 28, 2019According to their blog post, Coinbase Pro will uprise options for LINK in four phases. First is transfer-only, second is post-only, third is limit-only, and fourth means full trading. For the first three options, respectively, users can put LINK in their Coinbase Pro accounts, post limit orders, and wait to receive order matches.Chainlink Started Live Trading on Coinbase, LINK Price Skyrockets