China News Official TheBitTimes.com

Vodafone’s Digital Asset Broker (DAB) has demonstrated a proof of concept in collaboration with Chainlink Labs and others, targeting the complexities in the global trade ecosystem, valued at $32 trillion. Vodafone’s DAB has partnered with Sumitomo Corporation, Chainlink Labs, and InnoWave to demonstrate a proof of concept aimed at improving the exchange of trade documents across diverse platforms and blockchains, addressing inefficiencies in the $32 trillion global trade sector. The demonstration showcased the capability of seamlessly exchanging crucial trade documents across various platforms and blockchains, a process often hindered by fragmented and incompatible systems. The collaboration utilized Chainlink’s Cross-Chain Interoperability Protocol (CCIP) alongside DAB, enhancing security and interoperability across IoT devices and networks. This integration aims to provide a unified interface for secure data and token exchange across blockchain and IoT networks. You...

Bitcoin’s strong rally to $30,000 may have kick started a sharp recovery in SOL, LINK, AAVE and STX. Bitcoin (BTC) had a good week with prices rising about 10% to reach the psychologically important level of $30,000. After the rally, the question troubling investors is whether the uptrend will continue or is time for a reversal to happen. Trading team Stockmoney Lizards recently said that Bitcoin may soon break above its overhead resistance and start a sharp rally. They believe the approval for the exchange-traded fund will drive mass adoption and trigger the rally before the halving due in April 2024. Crypto market data daily view. Source: Coin360 A positive development this week was that Bitcoin’s strength rubbed off to several altcoins, which surged above their respective overhead resistance levels. This suggests that the sentiment is gradually turning positive and that it may be time to consider buying selectively. Typically, the coins that lead the markets higher are the ones th...

Chainlink (LINK) has recently showcased encouraging signs, especially with its price staying robust above the $7.25 benchmark against the US dollar. Moreover, trading above the critical $7.30 threshold and the notable 100 simple moving average (4 hours) underscores this bullish momentum. A significant bullish trend line has been spotted, offering support near the $7.25 zone on the LINK/USD pair’s 4-hour chart, as data from Kraken illustrates. LINK Outpaces Bitcoin and Ethereum Our previous LINK price evaluation highlighted the potential for further elevation beyond the $7.00 mark against the US dollar. Consequently, the currency didn’t just hold its ground but also surged past the $7.25 boundary. Significantly, Chainlink continued. It surpassed the $7.50 mark, reaching a commendable $7.56 high, outclassing giants like Bitcoin and Ethereum in its ascent. However, a slight downward correction took the price below $7.40, nudging it to test the 23.6% Fib retracement level. ...