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466d 2h ago

Bitlayer Partners with Chainlink to Enhance Bitcoin’s Cross-Chain Capabilities with CCIP Integration

BTC

BTC/USDT

$71,336.87
-6.79%
24h Volume

$44,848,329,419.30

24h H/L

$76,617.73 / $70,140.00

Change: $6,477.73 (9.24%)

Long/Short
77.9%
Long: 77.9%Short: 22.1%
Funding Rate

+0.0019%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$70,942.95

-3.04%

Volume (24h): -

Resistance Levels
Resistance 3$76,971.52
Resistance 2$74,594.61
Resistance 1$71,474.71
Price$70,942.95
Support 1$70,140.00
Support 2$66,407.06
Support 3$58,306.99
Pivot (PP):$71,474.71
Trend:Downtrend
RSI (14):20.9

On October 29, in a significant development within the blockchain ecosystem, Bitlayer, a project dedicated to enhancing Bitcoin’s scalability, announced a pivotal alliance with Chainlink. This partnership aims to implement Chainlink’s renowned Cross-Chain Interoperability Protocol (CCIP) as a foundational infrastructure for cross-chain functionalities. Through this integration, Bitlayer will empower developers to create innovative and feature-rich applications that leverage cross-chain capabilities for the expansion of the BTCFi ecosystem.

Bitlayer’s co-founder, Charlie Hu, expressed enthusiasm about the collaboration, highlighting the necessity for robust security to facilitate their cross-chain ambitions. He noted, “Integrating the industry-standard Chainlink CCIP into our framework significantly enhances Bitlayer’s operational efficiency and security, making this partnership a strategic fit.” This integration marks a crucial step towards fostering greater adoption and utility of Bitcoin within multi-chain environments.

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