Chainlink price rose for four consecutive days and retested an important resistance level. LINK surged to a high of $12.97 as BlockTower Capital started buying DeFi tokens.
Bitcoin (BTC) surged to a new all-time high, reaching $76,943, only a couple of days after it smashed its previous all-time high of $76,191, as markets continued their upward trajectory following Donald Trump's victory.
AVAX has surged 24% over 48 hours to test the $28 price level, driven by increased whale activity and trading volume, while facing technical resistance and potential retracement risks due to a large liquidation pool at $26.73.
The Avalanche Foundation has successfully completed the repurchase of 1.97 million AVAX tokens from the now-defunct Luna Foundation Guard (LFG), an organization originally created by Terraform Labs to support the Terra blockchain ecosystem.
AVAX tests critical support as positive sentiment overwhelms retracement risks from liquidations leverage.
Bitcoin has been making headlines lately as it continues to break new records, most recently soaring past $76,203. This surge comes in the wake of Donald Trump's victory in the 2024 U.S. presidential election, which has renewed optimism in the broader cryptocurrency market.
Chainlink (LINK) is showing strong signs of recovery after a period of bearish movement. With a recent 11% price surge in just 24 hours, LINK is currently trading at $11.85 at press time.
It appears that the bull market has officially begun, as the majority of cryptocurrencies are on the verge of a breakout. Today, on November 8, 2024, Chainlink (LINK) looks bullish, having formed a bullish price action pattern and being on the verge of a breakout.
Avalanche price has crawled back in the past three days and was attempting to cross the 50-day moving average. AVAX, the thirteenth biggest cryptocurrency, was trading at $27.10, up from this week's low of $22.75.
Analysts expect AVAX to rally soon backed by several catalysts.
The Avalanche Foundation has finalized the repurchase of 1.97 million AVAX tokens previously held by the now-defunct Luna Foundation Guard (LFG). The post Avalanche Foundation Buys Back 1.97M AVAX Tokens from Luna Foundation Guard appeared first on Cryptonews.
Binance, one of the world's largest cryptocurrency exchanges, has issued a key notification regarding upcoming Tether (USDT) transfers across multiple networks.
The AVAX tokens were purchased for $100 million a month before the infamous Terra Luna collapse.
The AVAX tokens were purchased for $100 million a month before the infamous Terra Luna collapse.
With Bitcoin smashing all-time highs daily, recently reaching $76,203, Donald Trump's win in the U.S. presidential race has been a major catalyst, fueling bullish sentiment in the market. This Bitcoin rally is beginning to spread across other cryptocurrencies, especially Chainlink (LINK), which now shows signs of a bullish breakout.
Activity on the Chainlink blockchain is rising, which could further fuel gains.
The Avalanche Foundation has completed the repurchase of 1.97 million AVAX tokens from the Luna Foundation Guard, ending its association with the collapsed Terra blockchain.
A bankruptcy court has allowed the Avalanche Foundation to buy back 1.97 million AVAX tokens it sold to the defunct Luna Foundation Guard.
Private market exchange ADDX, Australia and New Zealand Banking Group (ANZ), and Chainlink have launched an innovative solution for cross-border transactions involving tokenized commercial papers, according to a Nov. 6 statement. The project utilizes ADDX's investment platform, ANZ's Digital Asset Services, and Chainlink's Cross-Chain Interoperability Protocol (CCIP) with its Private Transactions functionality.
Crypto markets cheered Donald Trump's win by pushing Bitcoin to a new all-time high above $75,000, signaling the start of the next leg of the uptrend.
The trading volume of LINK increased by 78.85% in the past 24 hours to $499 million while its market cap stood at $7.41 billion, making Chainlink the 14th-largest cryptocurrency.
SWIFT, UBS Asset Management and blockchain oracle provider Chainlink (LINK) have joined forces to successfully complete a pilot for settling tokenized transactions on the Swift network. According to a new announcement from Swift, the initiative allows for digital asset transactions to settle off-chain with fiat payment systems all over the world.
During Tuesday's trading session, the cryptocurrency market took a bullish turnaround as United States voters prepared to elect their 47th president. With the 2024 presidential election expected to act as a catalyst for a crypto bull run, a market analyst noted that Avalanche price rally mirrors its 2021 performance.
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In partnership with UBS Asset Management and Chainlink, Swift has completed a pilot program designed to streamline tokenized fund transactions through its established financial network.
The pilot was run as part of the Monetary Authority of Singapore's Project Guardian.
Chainlink (LINK) reaches out to banks and regulators to test potential solutions for cross-chain communication and settlements using the Swift system.
ChainLink (LINK), a leading decentralized Oracle network, is evolving with a recent tokenization partnership with SWIFT and UBS Asset Management. The integration has fueled positive sentiment across the ecosystem, with LINK's price experiencing a bullish rebound.
Swift, the global bank messaging network, announced on Nov. 5 that it has concluded a pilot program to streamline tokenized fund settlement and redemption using fiat currency on its network in collaboration with UBS Asset Management and Chainlink.
In collaboration with UBS Asset Management and Chainlink, Swift has concluded a pilot program aimed at simplifying tokenized fund transactions using its existing financial network.
The price of Avalanche (AVAX) is declining and returning to its downtrend. Price analysis by Coinidol.com.
Swift, UBS, and Chainlink advance tokenized asset integration, enabling fiat settlement of digital fund transactions for global adoption. The post Swift, Chainlink and UBS pilot brings tokenized assets to traditional finance systems appeared first on Crypto Briefing.
From the MAS Guardian Project to accessible and integrated digital finance
The Chainlink ecosystem has grown in the past few years backed by reputable Web3 companies and financial institutions seeking to offer scalable smart contracts.
Recently, in a pilot program, Swift, along with UBS Asset Management and Chainlink , showed a new way to settle tokenized fund transactions, aiming for greater market efficiency and liquidity. Through the Monetary Authority of Singapore's Project Guardian, a global group uniting industry leaders and policymakers, the pilot tested Swift's infrastructure to allow off-chain cash
TL;DR Swift, UBS Asset Management, and Chainlink completed a successful pilot to process tokenized fund transactions using traditional payment infrastructure. The initiative, part of the Monetary Authority of Singapore's Project Guardian, connects over 11,500 financial institutions through Swift.
Global financial messaging network, Swift, UBS Asset Management, and Chainlink have launched a groundbreaking pilot program to settle tokenized fund transactions. This initiative could change the way we invest in digital assets, making transactions faster and more efficient.
Swift, UBS and Chainlink aim to modernize traditional finance by enhancing tokenized fund processes with blockchain.
The real-world assets (RWA) tokenization platform Securitize, in partnership with BlackRock, is set to launch its BUIDL tokenized fund on Avalanche. According to on-chain data, the contract for the fund has already been deployed and funded, showing that it is a concrete plan.
UBS Asset Management, Swift and Chainlink have completed a pilot project allowing the settlement of tokenized fund subscriptions and redemptions using the Swift network. The post Swift, UBS, and Chainlink Complete Pilot for Settling Tokenized Funds appeared first on Cryptonews.
After confirming a bearish signal, the AVAX price is teetering on the edge of a 25% decline. This development has sparked concerns among investors about the crypto asset's near-term outlook.
Chainlink price on the weekly timeframe just broke below a crucial support level, risking a 45% crash. This decline follows the asset hitting a 50-month low against Bitcoin (BTC).
This month's token unlocks include both “cliff” releases, where the digital assets are unlocked all at once, and “linear” releases, where tokens are gradually unlocked over time.
Chainlink (LINK) is showing promising signs of a substantial rally. Recent movements indicate that the asset is breaking free from a long-standing resistance trendline associated with a falling channel pattern.
The unveiling of Avalanche's Visa-enabled crypto card marks a significant step in making digital currencies as usable as traditional debit cards in daily transactions. This advancement highlights the rapid evolution of digital currency tools, with platforms like Trust Wallet and Plus Wallet innovating to meet users' diverse needs.
The market sentiment across the cryptocurrency landscape is quite bearish. Amid this, Chainlink (LINK) turns bearish and is poised for a notable price decline but is currently at a strong support level. This negative outlook may be due to LINK's recent price action and traders' bets over the last 24 hours.
An uptick could be on the cards, but AVAX needs to meet a few conditions first!