US Commerce Department Taps Pyth Network, Chainlink To Put US GDP Data On Blockchains, PYTH Soars 90%
The US Department of Commerce has selected oracle providers Pyth Network and Chainlink to publish gross domestic product (GDP) data on blockchains including Bitcoin, Ethereum, and Solana. The news sent PYTH parabolic with a 90% surge to trade at $0.2219 as of 6:29 a.m. EST. “This is the first time a federal agency has published economic statistical data like this on the blockchain, and the latest way the Department is utilizing innovative technology to protect federal data and promote public use,” the government department said in a press release . “It’s only fitting that the Commerce Department and President Donald Trump, the Crypto-President, publicly release economic statistical data on the blockchain,” said US Secretary of Commerce Howard Lutnick. “We are making America’s economic truth immutable and globally accessible like never before, cementing our role as the blockchain capital of the world,” he added. US Departmen...