{"id":387642,"date":"2019-06-26T18:05:55","date_gmt":"2019-06-26T18:05:55","guid":{"rendered":"https:\/\/wncen.com\/?p=387642"},"modified":"2019-06-26T18:05:55","modified_gmt":"2019-06-26T18:05:55","slug":"coinbase-pro-lists-ethereum-based-chainlink-link-after-google-name-drop","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/coinbase-pro-lists-ethereum-based-chainlink-link-after-google-name-drop\/","title":{"rendered":"Coinbase Pro Lists Ethereum-Based Chainlink (LINK) After Google &#8216;Name Drop&#8217;"},"content":{"rendered":"<p>Despite the fact that crypto assets are bleeding out against <a href=\"https:\/\/wncen.com\/category\/crypto\/bitcoin\/\">Bitcoin<\/a>, the Ethereum-based LINK (Chainlink) has recently received the support of Coinbase. This comes amid BTC&#8217;s move to $13,400, marking a 333% rally from the cycle bottom of $3,150.<\/p>\n<h2><strong>LINK Down 1.2% Despite Coinbase Listing<\/strong><\/h2>\n<p>Announced Wednesday <a href=\"https:\/\/t.co\/BnVOqhFUdV\" rel=\"nofollow\">via a blog post<\/a>, Coinbase Pro, the startup&#8217;s cryptocurrency exchange for professional traders, will soon be listing LINK.<\/p>\n<h6 style=\"text-align: center\">Related Reading: <a href=\"https:\/\/wncen.com\/2019\/06\/26\/why-the-current-bitcoin-btc-recovery-is-3x-faster-than-last-crypto-cycle\/\">Why The Current Bitcoin (BTC) Recovery is 3x Faster Than Last Crypto Cycle<\/a><\/h6>\n<p>Per the announcement, starting around an hour ago, the platform will be accepting inbound deposits for the Ethereum token. Once &#8220;sufficient supply&#8221; of LINK is established on Coinbase-owned wallets and 12 hours of depositing has elapsed, Coinbase will commence trading for the asset.<\/p>\n<p>Trading will take place against U.S. dollars and Ethereum. And the asset on Coinbase Pro will be supported in all jurisdictions the exchange is available in, sans New York State due to regulatory concerns.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Our LINK\/USD, and LINK\/ETH order books will soon enter transfer-only mode, accepting inbound transfers of LINK in supported regions. Orders cannot be placed or filled. Order books will be in transfer-only mode for a minimum of 12 hours. <a href=\"https:\/\/t.co\/BnVOqhFUdV\" rel=\"nofollow\">https:\/\/t.co\/BnVOqhFUdV<\/a><\/p>\n<p>&mdash; Coinbase Exchange \ud83d\udee1\ufe0f (@CoinbaseExch) <a href=\"https:\/\/twitter.com\/CoinbaseExch\/status\/05821952?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 26, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As normal, the launch of trading will take place in four steps: deposits, posting limit orders, matching limit orders, and then full trading.<\/p>\n<p>Despite this listing, however, LINK is down in the past 24 hours. In fact, according to Coin Market Cap, the cryptocurrency is down 1.2%, and down nearly 20% against the market leader, Bitcoin. This confirms this outlet&#8217;s <a href=\"https:\/\/wncen.com\/2019\/03\/15\/the-now-defunct-coinbase-effect\/\">previous reports<\/a>, which revealed that by and large, the so-called &#8220;Coinbase (Listing) Effect&#8221; is dead.<\/p>\n<h2><strong>Google Lauds Chainlink<\/strong><\/h2>\n<p>This news comes hot on the heels of a statement of support for the project from Google. Per <a href=\"https:\/\/wncen.com\/2019\/06\/14\/google-shouts-out-ethereum-based-crypto-link-rallies-by-55-in-minutes\/\">previous reports from NewsBTC<\/a>, Google Cloud, the firm\u2019s cloud computing services platform, released an article titled \u201cBuilding hybrid blockchain\/cloud applications with Ethereum and Google Cloud\u201d.<\/p>\n<p class=\"svecc-content-banner-added\">While this was big news in and of itself, the crypto community focused on the article\u2019s mention of Chainlink, which is focused on facilitating data from the Internet to be translated to and verified for blockchain.<\/p>\n<p>The Ethereum project&#8217;s claim to fame is its so-called \u201coracle\u201d system, which is a recently-launched product meant to improve processes made via blockchain. For instance, if someone is betting on a real-world financial scenario with the Ethereum-centric Augur, an oracle can be used to make the outcome verification process much easier. In the <a href=\"https:\/\/cloud.google.com\/blog\/products\/data-analytics\/building-hybrid-blockchain-cloud-applications-with-ethereum-and-google-cloud\" target=\"_blank\" data-wpel-link=\"exclude\" rel=\"follow noopener noreferrer nofollow\">recent post<\/a>, Google\u2019s Allen Day adds:<\/p>\n<blockquote><p>\u201cPossible applications are innumerable, but we\u2019ve focused this post on a few that we think are of high and immediate utility: prediction marketplaces, futures contracts, and transaction privacy.\u201d<\/p><\/blockquote>\n<p>This recent integration will allow for Chainlink, and Ethereum smart contracts by extension, to interact with BigQuery, Google\u2019s data analyzer and portal. What this does is allows for developers to build decentralized applications that can harness Google, theoretically improving the efficiency and viability of smart contracts.<\/p>\n<pre>Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Despite the fact that crypto assets are bleeding out against Bitcoin, the Ethereum-based LINK (Chainlink) has recently received the support of Coinbase. This comes amid BTC&#8217;s move to $13,400, marking a 333% rally from the cycle bottom of $3,150. LINK Down 1.2% Despite Coinbase Listing Announced Wednesday via a blog post, Coinbase Pro, the startup&#8217;s cryptocurrency exchange for professional traders, will soon be listing LINK. Related Reading: Why The Current Bitcoin (BTC) Recovery is 3x Faster Than Last Crypto Cycle Per the announcement, starting around an hour ago, the platform will be accepting inbound deposits for the Ethereum token. Once &#8220;sufficient supply&#8221; of LINK is established on Coinbase-owned wallets and 12 hours of depositing has elapsed, Coinbase will commence trading for the asset. Trading will take place against U.S. dollars and Ethereum. And the asset on Coinbase Pro will be supported in all jurisdictions the exchange is available in, sans New York State due to regulatory concerns. Our LINK\/USD, and LINK\/ETH order books will soon enter transfer-only mode, accepting inbound transfers of LINK in supported regions. Orders cannot be placed or filled. Order books will be in transfer-only mode for a minimum of 12 hours. https:\/\/t.co\/BnVOqhFUdV &mdash; Coinbase Exchange \ud83d\udee1\ufe0f (@CoinbaseExch) June 26, 2019 As normal, the launch of trading will take place in four steps: deposits, posting limit orders, matching limit orders, and then full trading. Despite this listing, however, LINK is down in the past 24 hours. In fact, according to Coin Market Cap, the cryptocurrency is down 1.2%, and down nearly 20% against the market leader, Bitcoin. This confirms this outlet&#8217;s previous reports, which revealed that by and large, the so-called &#8220;Coinbase (Listing) Effect&#8221; is dead. Google Lauds Chainlink This news comes hot on the heels of a statement of support for the project from Google. Per previous reports from NewsBTC, Google Cloud, the firm\u2019s cloud computing services platform, released an article titled \u201cBuilding hybrid blockchain\/cloud applications with Ethereum and Google Cloud\u201d. While this was big news in and of itself, the crypto community focused on the article\u2019s mention of Chainlink, which is focused on facilitating data from the Internet to be translated to and verified for blockchain. The Ethereum project&#8217;s claim to fame is its so-called \u201coracle\u201d system, which is a recently-launched product meant to improve processes made via blockchain. For instance, if someone is betting on a real-world financial scenario with the Ethereum-centric Augur, an oracle can be used to make the outcome verification process much easier. In the recent post, Google\u2019s Allen Day adds: \u201cPossible applications are innumerable, but we\u2019ve focused this post on a few that we think are of high and immediate utility: prediction marketplaces, futures contracts, and transaction privacy.\u201d This recent integration will allow for Chainlink, and Ethereum smart contracts by extension, to interact with BigQuery, Google\u2019s data analyzer and portal. What this does is allows for developers to build decentralized applications that can harness Google, theoretically improving the efficiency and viability of smart contracts. Featured Image from Shutterstock<\/p>\n","protected":false},"author":497,"featured_media":386055,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[16295,1393,1946,16097],"class_list":["post-387642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-chainlink","tag-coinbase","tag-ethereum","tag-link"],"acf":[],"yoast_head":"\n<title>Coinbase Lists Ethereum-Based Chainlink (LINK) After Google Name Drop<\/title>\n<meta name=\"description\" content=\"Despite the fact that crypto assets are bleeding out against Bitcoin, the Ethereum-based LINK (Chainlink) has recently received the support of Coinbase.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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