Chainlink Launches Automated Compliance Engine as LINK Nears $14 Resistance
Chainlink has launched its Automated Compliance Engine (ACE) to enhance digital asset compliance for financial institutions. ACE integrates identity verification and policy enforcement into smart contracts on various blockchains.
- Developed in collaboration with Apex Group, GLEIF, and the ERC-3643 Association.
- Available in early access to selected institutions.
- Aims to lower onboarding costs and improve regulatory reliability for tokenized assets.
ACE supports reusable digital IDs and automates compliance logic to facilitate institutional capital movement on-chain. It features a Cross-Chain Identity framework, an on-chain Policy Manager, and real-time Monitoring tools, making compliance cheaper and faster than traditional methods.
LINK Price Tests Key Resistance Zone Near $14
LINKUSD price dynamics: | Source: TradingView
The price of LINK is testing resistance near $14, currently trading at $13.43. A breakout could lead to targets of $16.40 and $17.93.
- RSI approaching 50; MACD histogram slightly positive.
- Daily close above $14.50 may indicate a trend reversal.
- Downside risk exists if momentum fails, potentially revisiting the $12.00 demand zone.
Solaxy Crypto Presale Tops $58 Million
Solaxy, a Layer 2 solution on Solana, has raised over $58 million in presale contributions. It focuses on scalability, speed, and cross-chain compatibility.
- Offers 68% staking rewards.
- Supports multichain operations.
- Designed for infinite scale.