{"id":562770,"date":"2020-07-23T19:31:40","date_gmt":"2020-07-23T17:31:40","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=562770"},"modified":"2020-07-23T19:31:40","modified_gmt":"2020-07-23T17:31:40","slug":"binance-smart-chain-integrates-chainlink-oracles-ventures-into-defi","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/binance-smart-chain-integrates-chainlink-oracles-ventures-into-defi\/","title":{"rendered":"Binance Smart Chain Integrates ChainLink Oracles, Ventures into DeFi"},"content":{"rendered":"<p><strong>Quick take:<\/strong><\/p>\n<ul>\n<li><strong>The Binance Smart Chain has integrated ChainLink&#8217;s Oracle solutions.<\/strong><\/li>\n<li><strong>Real-time data from ChainLink will be used to build DeFi applications on the Binance Chain.<\/strong><\/li>\n<li><strong>This move is beneficial to both projects as well as the value of Binance Coin (BNB) and LINK.\u00a0\u00a0<\/strong><\/li>\n<\/ul>\n<p>Moments ago, <a href=\"https:\/\/en.ethereumworldnews.com\/binance-ceo-we-build-what-users-tell-us-to-build\/\" target=\"_blank\" rel=\"noopener noreferrer\">the CEO of Binance<\/a>, Changpeng Zhao, tweeted the entry of Binance into Decentralized Finance while simultaneously announcing the integration of ChainLink&#8217;s Oracle solutions into the Binance Smart Chain. The tweet by CZ can be found below.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">And we are onto <a href=\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#DeFi<\/a> <a href=\"https:\/\/t.co\/FpcyWeFbGw\" rel=\"nofollow\">https:\/\/t.co\/FpcyWeFbGw<\/a><\/p>\n<p>&mdash; CZ \ud83d\udd36 Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1286346251240439813?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">July 23, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Furthermore, <a href=\"https:\/\/www.binance.org\/en\/blog\/binance-smart-chain-successfully-integrated-chainlinks-oracle-solution-for-building-defi\/\" rel=\"nofollow noopener\">the announcement<\/a> of the ChainLink integration explained that developers using the <a href=\"https:\/\/en.ethereumworldnews.com\/binance-launches-chainlink-link-quarterly-futures-before-ethereums\/\" target=\"_blank\" rel=\"noopener noreferrer\">Binance<\/a> Smart Chain can now access real-world data via ChainLink in a secure manner. This means that they can now build smart contract applications with reliable data feeds courtesy of ChainLink.<\/p>\n<blockquote><p>Chainlink grants immediate access to a huge collection of secure node operators, premium data sources, and proven oracle solutions for getting off-chain data and verifiable randomness. By integrating Chainlink oracles, Binance Smart Chain allows developers to build secure and reliable smart contract infrastructure.<\/p><\/blockquote>\n<h2>Binance Coin (BNB) and LINK React Positively to the News<\/h2>\n<p>Both Binance Coin (BNB) and ChainLink (LINK) have reacted positively to the news. The digital assets of BNB and LINK have managed to break, albeit briefly, the $18.50 and $8 resistance levels respectively.<\/p>\n<figure id=\"attachment_562772\" aria-describedby=\"caption-attachment-562772\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/BNBUSDT-July-23rd.jpg\"><img class=\"size-large wp-image-562772\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/BNBUSDT-July-23rd-1024x504.jpg\" alt=\"\" width=\"1024\" height=\"504\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/BNBUSDT-July-23rd-1024x504.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/BNBUSDT-July-23rd-300x148.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/BNBUSDT-July-23rd-770x379.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/BNBUSDT-July-23rd-240x118.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/BNBUSDT-July-23rd-717x353.jpg 717w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/BNBUSDT-July-23rd-150x74.jpg 150w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/BNBUSDT-July-23rd.jpg 1051w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/a><figcaption id=\"caption-attachment-562772\" class=\"wp-caption-text\">BNB\/USDT chart courtesy of TradingView.com<\/figcaption><\/figure>\n<p>In the case of Binance Coin (above) the digital asset is set for a path of retesting, and possibly breaking, <a href=\"https:\/\/en.ethereumworldnews.com\/binance-coin-bnb-could-retest-19-on-prospects-of-a-new-ieo\/\">the $19 resistance level<\/a> attempted on the 13th of July. In the 6-hour BNB\/USDT chart, it is clear that trade volume is in the green with the MACD and all moving averages (50, 100 and 200) pointing towards a bullish scenario for the coin.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/LINKUSDT-July-23rd-6-hr.jpg\"><img class=\"aligncenter wp-image-562774 size-large\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/LINKUSDT-July-23rd-6-hr-1024x498.jpg\" alt=\"\" width=\"1024\" height=\"498\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/LINKUSDT-July-23rd-6-hr-1024x498.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/LINKUSDT-July-23rd-6-hr-300x146.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/LINKUSDT-July-23rd-6-hr-770x374.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/LINKUSDT-July-23rd-6-hr-240x117.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/LINKUSDT-July-23rd-6-hr-717x349.jpg 717w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/LINKUSDT-July-23rd-6-hr-150x73.jpg 150w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/LINKUSDT-July-23rd-6-hr.jpg 1047w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/a><\/p>\n<p>Additionally, quick glance at the 6-hour LINK\/USDT chart reveals that the digital asset is also experiencing bullishness after retesting the earlier mentioned <a href=\"https:\/\/en.ethereumworldnews.com\/4-additional-projects-integrate-chainlink-link-technology-this-week\/\" target=\"_blank\" rel=\"noopener noreferrer\">$8 resistance level<\/a>. LINK&#8217;s current price of $7.91 is now above the three moving averages (50, 100 and 200) thus hinting of some bullishness. The 6-hour MACD is also attempting to cross in a bullish manner below the baseline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: The Binance Smart Chain has integrated ChainLink&#8217;s Oracle solutions. Real-time data from ChainLink will be used to build DeFi applications on the Binance Chain. This move is beneficial to both projects as well as the value of Binance Coin (BNB) and LINK.\u00a0\u00a0 Moments ago, the CEO of Binance, Changpeng Zhao, tweeted the entry of Binance into Decentralized Finance while simultaneously announcing the integration of ChainLink&#8217;s Oracle solutions into the Binance Smart Chain. The tweet by CZ can be [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":55346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[108073,108032,108074],"tags":[1119,1518,5749,1236,4124],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/562770"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=562770"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/562770\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/55346"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=562770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=562770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=562770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}