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468d 11h ago

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

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

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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