The Cryptocurrency World: A Daily Dive
U.S., Asian, and Middle Eastern leading financial institutions are reportedly in discussions with Chainlink's founder, Sergey Nazarov, according to Nazarov's recent statements.
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Top Of The Charts
Chainlink co-founder Sergey Nazarov reveals that major financial institutions worldwide are eagerly approaching Chainlink for assistance with various projects.
Nazarov shared his thoughts in a new YouTube video, stating that Chainlink's decentralized oracle network is quickly gaining recognition among top financial entities. He noted that in the past year, Chainlink has been extensively covering financial hubs across the US and Asia, and this year, the focus has expanded to include US institutions and the previously mentioned Asian and Middle Eastern regions.
"I can't mention exact names, because they want to wait to announce, they have all these processes with NDAs (non-disclosure agreements). It's a very tightly controlled process, but I would say between last year and this year, we're in various stages of conversations with probably all the top institutions in those geographies."
Nazarov explained that these financial institutions are drawn to Chainlink due to its capability to address a wide spectrum of needs, including identity validation, data connectivity, and orchestration. He emphasized that there's no other solution that meets such a high standard of functionality.
At the time of writing, Chainlink (LINK) is trading at $14.50, up more than 5.5% in the last 24 hours.
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Industry Announcements
Global Crypto Exchange 'IMBX' has launched with a next-generation trading platform. AiXuSpeed has reported $500,000 in token commitments within the first 72 hours of its pre-sale. Galaxy Ventures has backed RISE Chain, which has raised $8 million for the launch of the fastest zone for real-time apps on Ethereum. BitMEX has unveiled the June Jumpstart trading competition, offering a three BTC prize pool. Founders of LayerZero, SEI, Selini Capital, and Plume have backed a Hyper-Personalized AI Crypto Discovery Engine. MEET48 is launching its IDOL airdrop on June 9th ahead of its TGE, aiming to lead Web 3.0 entertainment. AB has launched on Binance.
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The Crypto Beat: A Daily Roundup
Research
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- In the ever-evolving world of cryptocurrency, Chainlink's blockchain technology increasingly attracts major financial institutions for its versatile solutions such as identity validation, data connectivity, and orchestration.
- As the demand for altcoins continues to grow, analyst Benjamin Cowen predicts a forthcoming dip in their value against Bitcoin, suggesting a strategic time for investing in specific altcoins.
- Besides Bitcoin and Ethereum, future developments in finance, particularly in the realm of blockchain technology, promise to redefine our economic landscape, making staying informed about crypto-related updates essential for investors and enthusiasts alike.
