Chainlink Gains Bank of England Recognition as LINK Tests Key Support
The post Chainlink Gains Bank of England Recognition as LINK Tests Key Support appeared on BitcoinEthereumNews.com. Key Insights: Chainlink prospects across the pond improve courtesy of BOE’s recognition. Chainlink’s oracle footprint expanded to $8.23 trillion in the last 12 months. LINK price retests 4-month ascending support. Chainlink might be about to make deeper inroads into the European market. The Bank of England just demonstrated growing interest in the network, especially in its role as critical blockchain infrastructure. The Bank of England has reportedly acknowledged Chainlink oracle services. It recently described the blockchain network’s services as an essential part of bridging the gap between blockchains and traditional financial infrastructure. Bank of England acknowledges Chainlink oracle services | Source: X, courtesy of Coin Bureau The BOE casting the spotlight on Chainlink may not seem like a big deal at first glance. However, the fact that the central bank of one o