0
📰 News

LINK Price Skyrockets While Chainlink Introduces Solution for Driving Enterprise Blockchain Adoption

  • 📰 News

    The LINK price spikes by more almost ten percent, reaching its highest level since August

Cover image via www.123rf.com

Decentralized oracle network Chainlink has presented the Trusted Compute Framework (TCF) that is supposed to propel enterprise Blockchain adoption. The advent of the TCF will solve the scalability issue by executing computation off-chain. 

Off-chain smart contract processing is more efficient than traditional blockchain transactions because it does not require replicated execution at each blockchain node.

The company's blog post also states that the TCF will be able to retain computation trust (something that Blockchains are known for) by relying on a Trusted Execution Environment (TEE). 

👉MUST READ

Chainlink (LINK) Price Skyrockets by 10 Percent as Token Gets Listed on Kraken

Chainlink (LINK) Price Skyrockets by 10 Percent as Token Gets Listed on Kraken

Meanwhile, the LINK price is up by nine percent over the last 24 hours, reaching its highest level since August. However, the oracle token is still down significantly from its current all-time high of $4.05 that was recorded on June 30. 

As reported by U.Today, Blockchain analytics startup AnChain.AI determined that the LINK price was grossly manipulated by a handful of traders.                            

Will the LINK price continue to surge? Feel free to comment on the coin's price action! 

Join our Telegram channel to get news even faster!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

This block is broken or missing. You may be missing content or you might need to enable the original module.
Recommended articles
0
📰 News

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • 📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

👉MUST READ

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

This block is broken or missing. You may be missing content or you might need to enable the original module.
Recommended articles