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Celo integrates Chainlink’s CCIP interoperability protocol

In a strategic move to bolster interoperability within the blockchain ecosystem, Celo has announced its integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This collaboration aims to facilitate seamless communication and transactions across different blockchain networks, enhancing the utility and scalability of Celo’s decentralized applications (dApps).

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In a strategic move to bolster interoperability within the blockchain ecosystem, Celo has announced its integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This collaboration aims to facilitate seamless communication and transactions across different blockchain networks, enhancing the utility and scalability of Celo’s decentralized applications (dApps).

The integration with Chainlink CCIP is expected to provide Celo with a robust framework for secure and reliable cross-chain interactions. By leveraging Chainlink’s advanced technology, Celo users and developers will be able to interact with multiple blockchain networks without the complexity typically associated with cross-chain operations.

Chainlink’s CCIP offers a standardized method for transferring data and value across various blockchain networks. This protocol is designed to ensure high levels of security, reliability, and scalability, which are critical for the growing demands of the decentralized finance (DeFi) sector and other blockchain-based applications.

Rene Reinsberg, co-founder of Celo, highlighted the significance of this integration, stating, “Integrating Chainlink’s CCIP is a major step forward in our mission to create a truly interoperable and inclusive financial ecosystem. This partnership will enable our developers to build more sophisticated and versatile applications, driving greater adoption and utility for our platform.”

With the integration, Celo aims to expand its ecosystem by attracting developers looking to build cross-chain applications. This move is expected to enhance Celo’s competitiveness in the DeFi space, where interoperability is increasingly seen as a key driver of innovation and user adoption.

Chainlink’s CCIP will enable Celo to interact with other leading blockchain networks such as Ethereum, Binance Smart Chain, and Polkadot. This will open up new possibilities for cross-chain DeFi protocols, allowing users to seamlessly transfer assets and data between Celo and other blockchains.

The integration is also set to improve liquidity across different networks, as assets can be moved and utilized more freely. This enhanced liquidity is crucial for the development of more robust and dynamic DeFi platforms.

Celo’s adoption of Chainlink’s CCIP underscores the growing trend towards interoperability in the blockchain space. As more projects recognize the importance of seamless cross-chain interactions, integrations like this are expected to become increasingly common.

This partnership is poised to drive significant advancements in the functionality and adoption of both Celo and Chainlink, reinforcing their positions as leaders in the blockchain and DeFi industries

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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