With Bitcoin smashing all-time highs daily, recently reaching $76,203, Donald Trump's win in the U.S. presidential race has been a major catalyst, fueling bullish sentiment in the market. This Bitcoin rally is beginning to spread across other cryptocurrencies, especially Chainlink (LINK), which now shows signs of a bullish breakout.
Activity on the Chainlink blockchain is rising, which could further fuel gains.
Private market exchange ADDX, Australia and New Zealand Banking Group (ANZ), and Chainlink have launched an innovative solution for cross-border transactions involving tokenized commercial papers, according to a Nov. 6 statement. The project utilizes ADDX's investment platform, ANZ's Digital Asset Services, and Chainlink's Cross-Chain Interoperability Protocol (CCIP) with its Private Transactions functionality.
The trading volume of LINK increased by 78.85% in the past 24 hours to $499 million while its market cap stood at $7.41 billion, making Chainlink the 14th-largest cryptocurrency.
SWIFT, UBS Asset Management and blockchain oracle provider Chainlink (LINK) have joined forces to successfully complete a pilot for settling tokenized transactions on the Swift network. According to a new announcement from Swift, the initiative allows for digital asset transactions to settle off-chain with fiat payment systems all over the world.
This is a segment from the 0xResearch newsletter. To read full editions, subscribe.
In partnership with UBS Asset Management and Chainlink, Swift has completed a pilot program designed to streamline tokenized fund transactions through its established financial network.
The pilot was run as part of the Monetary Authority of Singapore's Project Guardian.
Chainlink (LINK) reaches out to banks and regulators to test potential solutions for cross-chain communication and settlements using the Swift system.
ChainLink (LINK), a leading decentralized Oracle network, is evolving with a recent tokenization partnership with SWIFT and UBS Asset Management. The integration has fueled positive sentiment across the ecosystem, with LINK's price experiencing a bullish rebound.
In collaboration with UBS Asset Management and Chainlink, Swift has concluded a pilot program aimed at simplifying tokenized fund transactions using its existing financial network.
Swift, UBS, and Chainlink advance tokenized asset integration, enabling fiat settlement of digital fund transactions for global adoption. The post Swift, Chainlink and UBS pilot brings tokenized assets to traditional finance systems appeared first on Crypto Briefing.
From the MAS Guardian Project to accessible and integrated digital finance
The Chainlink ecosystem has grown in the past few years backed by reputable Web3 companies and financial institutions seeking to offer scalable smart contracts.
Recently, in a pilot program, Swift, along with UBS Asset Management and Chainlink , showed a new way to settle tokenized fund transactions, aiming for greater market efficiency and liquidity. Through the Monetary Authority of Singapore's Project Guardian, a global group uniting industry leaders and policymakers, the pilot tested Swift's infrastructure to allow off-chain cash
TL;DR Swift, UBS Asset Management, and Chainlink completed a successful pilot to process tokenized fund transactions using traditional payment infrastructure. The initiative, part of the Monetary Authority of Singapore's Project Guardian, connects over 11,500 financial institutions through Swift.
Global financial messaging network, Swift, UBS Asset Management, and Chainlink have launched a groundbreaking pilot program to settle tokenized fund transactions. This initiative could change the way we invest in digital assets, making transactions faster and more efficient.
Swift, UBS and Chainlink aim to modernize traditional finance by enhancing tokenized fund processes with blockchain.
UBS Asset Management, Swift and Chainlink have completed a pilot project allowing the settlement of tokenized fund subscriptions and redemptions using the Swift network. The post Swift, UBS, and Chainlink Complete Pilot for Settling Tokenized Funds appeared first on Cryptonews.
Chainlink price on the weekly timeframe just broke below a crucial support level, risking a 45% crash. This decline follows the asset hitting a 50-month low against Bitcoin (BTC).
Chainlink (LINK) is showing promising signs of a substantial rally. Recent movements indicate that the asset is breaking free from a long-standing resistance trendline associated with a falling channel pattern.
The market sentiment across the cryptocurrency landscape is quite bearish. Amid this, Chainlink (LINK) turns bearish and is poised for a notable price decline but is currently at a strong support level. This negative outlook may be due to LINK's recent price action and traders' bets over the last 24 hours.
Major news from Chainlink is driving bullish momentum for LINK, triggering an influx of $500M in trading volume and sparking a surge in its price. This comes as the crypto markets adopt a bullish stance ahead of the US Election, with Bitcoin trading above $70,000 as anticipation builds for the presidential race outcome.
Bitcoin (BTC) slipped below $70,000 as markets turned bearish after the world's premier cryptocurrency briefly teased a new all-time high earlier in the week. BTC is currently down over 4% and is trading around $69,300.
TRON announced a major partnership with Chainlink, adding to the growing list of ecosystems integrating the Oracle network's data feeds, among other services.
How is Tron strengthening its rapidly-expanding $7 billion decentralized finance economy with Chainlink's assistance?
Pyth Network's momentum showcases its potential to challenge established Oracle providers significantly.
Ever since the launch of the Bitcoin ETF, the institutions have been accumulating the token heavily. As the price is ascending towards the ATH, these activities have been intensifying, and as a result, the total ETFs held by them have now surpassed the Bitcoins held by Satoshi Nakamoto.
TL;DR Tron replaces WinkLink with Chainlink as its oracle provider to strengthen DeFi security. The migration to Chainlink covers key applications like JustLend and JustStable, with $6.5 billion in TVL. The network initially covers Chainlink costs to drive the adoption of high-quality services in its ecosystem.
Chainlink Data Feeds is set to become the official data oracle solution for the TRON blockchain ecosystem, providing data feeds for TRON's DeFi applications JustLend and JustStable. In an Oct.
Tron's DeFi ecosystem turns to Chainlink for reliable, decentralised pricing data.
The integration could enhance TRON's DeFi ecosystem security and innovation, potentially driving broader adoption and growth in the blockchain space. The post TRON DAO adopts Chainlink Data Feeds to strengthen DeFi security, accelerate TRON's growth appeared first on Crypto Briefing.
This move is set to enhance the way decentralized finance (DeFi) applications operate on the Tron blockchain. Tron DAO announced that JustLend and JustStable will now use data feeds from Chainlink for pricing information.
Tron founder Justin Sun said the blockchain's integration of Chainlink would present significant opportunities for the two networks to grow in the stablecoin and real-world asset sector. In an Oct. 31 post on X, Sun stated: “[Tron] has joined Chainlink Scale, adopting Chainlink Data Feeds as TRON's official oracle.
The TRON DAO will discontinue its support for WinkLink Oracle and focus on the Chainlink network for further DeFi development.
Yesterday, Chainlink appeared at SmartCon in Hong Kong to announce some very interesting news.
Tron DAO said in an announcement that DeFi applications JustLend and JustStable — with over $6.5 billion in TVL — will use Chainlink's data feeds.
TRON DAO has partnered with Chainlink as its new official oracle provider, replacing WINkLink, to secure its $6.5 billion DeFi ecosystem through Chainlink's Data Feeds and SCALE program integration.
LINK is approaching a pivotal breakout level, with indicators and network metrics aligning bullishly.
The secure and reliable price data will be available to one of the largest DeFi economies in the world.
Justin Sun, founder of TRON, announced that his company has joined Chainlink SCALE, with Chainlink Data Feeds now set to become the official oracle for the foundation. This strategic upgrade will enhance the security of over $6.5 billion in DeFi total value locked (TVL) on this blockchain platform through Chainlink's trusted infrastructure, while also creating
Oracle platform Chainlink has revealed a significant upgrade to its Cross-Chain Interoperability Protocol (CCIP). The blockchain highlighted four crucial enhancements that the upgrade introduced: Attention shifted to LINK's price performance amidst the optimistic ecosystem developments. The altcoin has approached a breakout from an ascending triangle setup, targeting levels beyond $15 this week.
A new era for Hedera? HBAR Foundation shakes hands with Chainlink's Scale program for a series of network tweaks.
Chainlink's new Runtime Environment provides developers with a unified platform for creating cross-chain applications
Chainlink has announced a substantial upgrade to its platform with the introduction of the Chainlink Runtime Environment (CRE). This is aimed at expanding the platform capabilities across thousands of blockchains.
Chainlink has launched a significant architectural upgrade, known as the Chainlink Runtime Environment (CRE). The upgrade will potentially improve financial-grade dApps and streamline integration across blockchain networks.