Chainlink CEO Sergey Nazarov Believes Banks Will Create Their Own Blockchains and Connect to Public Blockchains
Chainlink's cross-chain interoperability protocol has been launched, allowing for the transfer of tokens between different blockchains. CEO Sergey Nazarov expects that banks and financial institutions will create their own private blockchains with stablecoins and DeFi protocols, which could benefit from using the CCIP.
Chainlink Tokens Surge as Wealthy Investors Swap Ether for LINK Following Release of Cross-Chain Interoperability Protocol
Chainlink's LINK tokens experienced a surge in value on Thursday, with trading volume doubling to $580 million and prices rising by as much as 6%. This was attributed to the release of the company's Cross-Chain Interoperability Protocol (CCIP), which is designed to facilitate cross-chain applications and services.
Chainlink Launches Cross-Chain Interoperability Protocol for Seamless Interaction Between Blockchains
Chainlink has launched its cross-chain interoperability protocol (CCIP) in its "early access" phase, which aims to link applications across public and private blockchains. CCIP has already been adopted by Synthetix on mainnet for cross-chain transfers between Ethereum, Optimism, and other chains. From July 20, CCIP will be available to other developers across five testnets.
Chainlink has supported the Tokenization of a portion of RWA Feed Price for Backed Finance
According to Chainlink Team, the basic assets of Backed Finance's bIB01, bIBTA, bCSPX bTokens project that tokenizes real-world assets have been supported by Chainlink's price oracle, including the tokenized real-world assets (RWA) prices of IBO1, IBTA, and CSPX ETFs that invest in 0-1 year US Treasury bonds, 1-3 year US Treasury fixed income, and track the S&P 500 index, respectively.
Crypto Strategist Predicts Over 100% Gains for Litecoin and Chainlink
July 5 (Cointime) - A crypto strategist with a large following predicts that both Litecoin (LTC) and Chainlink (LINK) will experience gains of over 100%. The strategist notes that Litecoin looks bullish after breaking through technical resistances and could potentially surge to $250, a 135% increase from its current price.
Chainlink 2023 Spring Hackathon Winners Announced, Securechain Wins $25,000 Prize
June 27 (Cointime) - The Chainlink Spring 2023 Hackathon attracted over 14,000 registrants and received a record-breaking 498+ project submissions from teams in over 100 countries. The event showcased the rise of a wave of new builders, with about 40 percent of registrants having little to no construction experience using blockchain technology. Over $400,000 allocated across categories including Grand Prize, Tech for Good (x2), NFT & Gaming, DeFi, AI, Chainlink Services (x3), DAO, Women in Tech and Top Prizes (x40) . Securechain won the grand prize, while other projects focused on social impact, gaming and decentralized finance also won.
Chainlink Protocol Moves $111 Million Worth of LINK Tokens to Boost Usage of Oracles
June 17 (Cointime) - Chainlink is using its treasury to promote the use of its oracles by contributing LINK tokens. Recently, 21 million LINK tokens worth around $111 million were transferred from Chainlink's official wallets.
LooksRare Launches CryptoPunk NFT Raffle with Chainlink Integration
June 14 (Cointime) - LooksRare, a platform in the NFT marketplace, has integrated with Chainlink's provably random number generator to launch a series of high-value NFT raffles. The raffles will offer blue chip NFTs and $LOOKS prizes, with the first raffle featuring the CryptoPunk #7941. LooksRare will use Chainlink's 'Verifiable Random Function' to ensure transparency and prevent manipulation. Additionally, LooksRare has launched an airdrop initiative that will distribute $5,000,000 $LOOKS tokens to its loyal users based on their activity within the platform.
Chainlink Whale Activity Hits 2023 High Amid Big LINK Discount: Analytics Firm
According to analytics firm Santiment, wealthy investors have been buying up millions of Chainlink (LINK) after a sudden drop in price to a three-year low. Wallets holding between 1,000 to 100,000 Chainlink accumulated 3.9 million LINK, worth about $20 million, during the last week. This activity marked a record high for 2023.
Chainlink Whales Bet Big on LINK as Price Finds Support at $5
Chainlink (LINK) hit a three-year low of $5.06 on June 6, but now appears to have found a bottom at $5. Large institutional investors in the Chainlink network have started betting big on LINK once again, with whale transactions involving LINK reaching a 2023 peak on June 10.
