Tenbin Labs Revamps Cross-Chain Bridge Infrastructure for Enhanced Security
- Enhanced Security Standards: Following an internal audit, Tenbin Labs has fully transitioned to Chainlink's Cross-Chain Interoperability Protocol (CCIP) to address rising security threats, thereby improving the safety of real-world asset tokenization and ensuring compliance with stricter security standards across its platform.
- Reason for Technology Shift: In light of a series of cyber incidents in the blockchain sector, Tenbin Labs identified deficiencies in LayerZero's ability to protect real-world on-chain assets, prompting the adoption of a more secure and efficient bridge technology to enhance security and transparency in existing and future projects.
- Advantages of Choosing Chainlink CCIP: Chainlink CCIP features 16 independent audited node operators that enhance transaction reliability, and its SOC 2 Type 2 accreditation aligns with stringent financial sector standards, simplifying security development needs for Tenbin Labs.
- Risk Management Mechanisms: CCIP's built-in risk management tools, such as automatic circuit-breaker limits, were crucial in Tenbin Labs' migration plan, enabling rapid mitigation of potential exploits and securing the platform's operations.
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Technical Analysis for ZRO
Technical Sentiment Analysis for LayerZero (ZRO). As of , LayerZero (ZRO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ZRO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ZRO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
LayerZero (ZRO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.935 | 1.089 | 1.215 | 1.369 | 1.495 | 1.649 | 1.775 |
| Fibonacci | 1.089 | 1.196 | 1.262 | 1.369 | 1.476 | 1.542 | 1.649 |
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