Chainlink Launches Automated Compliance Engine as LINK Nears $14 Resistance

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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.