Category: Defi

Chainlink (LINK) Price Aims for ATH Fueled by Heightened Institutional Demand Led by Coinbase

Vortex Cryptonews

The Chainlink network has been adopted by dozens of reputable financial institutions seeking to build multi-chain web3 projects. LINK price has formed a macro bullish trend and signaled an imminent rally towards $50 soon. Amid the mainstream adoption of digital assets and web3 projects catalyzed by institutional investors, the Chainlink (LINK) network has emerged as a crucial component. The veteran blockchain, which is focused on democratizing multichain smart contracts, has become a standard for on-chain finance in the past few years. As a result, on-chain data shows the demand for…

Merflodex – Fast, Secure, and Private Crypto-to-Crypto Swaps

Vortex Cryptonews

Merflodex: Unlock the Power of Fast and Secure Crypto-to-Crypto Exchanges As the world of cryptocurrency continues to expand, users demand reliable platforms for seamless digital asset exchanges. Merflodex offers a secure and efficient solution for crypto-to-crypto trading, with a focus on speed, privacy, and ease of use. Operating in 53 countries for over three years, Merflodex has earned the trust of crypto enthusiasts worldwide. Why Merflodex Stands Out in the Crypto Space 1. Exclusively Crypto-to-Crypto Merflodex is designed to facilitate quick and easy crypto-to-crypto swaps, eliminating the need for fiat…

Circle’s USDC Becomes First Stablecoin to Meet Canada’s New VRCA Standards

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Circle’s USD Coin (USDC) became the first stablecoin to meet Canada’s VRCA requirements, setting a benchmark for regulatory compliance. Circle preemptively met the December 31, 2024, deadline for stablecoin compliance, ensuring USDC avoids delisting in Canada. The regulatory milestone promises faster, more affordable cross-border transactions and enhanced trust through regulatory oversight in Canada’s financial system. Circle has made history as its flagship cryptocurrency, USD Coin , becomes the first stablecoin to meet the stringent Value-Referenced Crypto Asset (VRCA) requirements introduced by the Ontario Securities Commission (OSC) and Canadian Securities Administrators…

Avalanche Secures $250M in Private Token Sale Ahead of Major Upgrade

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The fundraising attracted over 40 prominent investors including Galaxy Digital, Dragonfly, and ParaFi Capital, despite Avalanche Foundation already holding $3 billion worth of AVAX tokens. The upcoming “Avalanche9000” upgrade introduces a new subscription model, reducing validator costs from 2,000 AVAX upfront to just 1.33 AVAX monthly. AVAX token has responded positively to the news, trading at $52.89 with a 10% increase in 24 hours and showing strong technical indicators suggesting potential further growth. The Avalanche Foundation has successfully raised $250 million through a private token sale, marking one of the…

Coinbase Investigation Reveal Big Crypto Chokepoint by FDIC

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Ongoing Coinbase investigation showed intense scrutiny by FDIC on banks. The government agency subtly restricted crypto firm’s access to banking services. Most information is redacted in the released documents, but Coinbase is pushing to unseal these details. The cryptocurrency community is back to discussing after (NASDAQ: COIN) obtained hard evidence against United States regulators. The Federal Deposit Insurance Corp. (FDIC) sent to several banks in 2022, requesting that they withhold their services from crypto firms. Coinbase Obtain Redacted Documents From FDIC Coinbase discovered this evidence through research firm History Associates…

BlackRock Ethereum ETF Surges Past $3B as Analysts Eye ETH Rally to $15,000

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BlackRock’s ETHA has garnered $1.3 billion in inflows over ten trading days, bringing cumulative inflows to $3.19 billion. Ethereum ETFs have collectively attracted $2.24 billion in inflows since their launch in July. Ether’s price almost touched $4,000 before retreating to $3,900 on Friday. , known for dominating the spot Bitcoin ETF market, is consistently drawing investor interest in the spot Ethereum ETF market as well. Since November 29, the BlackRock iShares Ethereum ETF (ETHA) has recorded net inflows surpassing $1.3 billion in just ten trading days. Cumulatively, the fund has…

Bybit Opens Doors to Mainland Chinese Users amid Regulatory Complexities

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Mainland Chinese users can trade on Bybit via VPNs, though yuan-based transactions remain off-limits. Bybit’s move comes amid rising crypto demand in China and an assessment of manageable regulatory risks. The exchange plans to reapply for a Hong Kong licence in 2025 with a new compliance strategy. Dubai-based cryptocurrency exchange Bybit has confirmed that mainland Chinese users can trade on its platform using virtual private networks (VPNs), though it will not facilitate transactions in the Chinese yuan. This cautious approach aligns with Bybit’s efforts to navigate China’s stringent digital asset…

Chainlink (LINK) Surges amid Altcoin Rally, Secures Key Role in Tokenized Securities with 21X

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LINK price reached $22.9, marking a 22.4% gain in 24 hours with $6 billion daily trading volume and $21 billion market valuation. Chainlink’s infrastructure has facilitated over $17.3 trillion in total transaction value, with adoptions by major companies. Strategic partnership with Frankfurt-based 21X will enable EU-regulated tokenized trading services, set to launch in Q1 2025 under BaFin supervision. Chainlink , a fast-growing blockchain ecosystem that enables the mainstream adoption of smart contracts through reliable data, has emerged as a top performer in the ongoing altcoins rally led by Ripple Labs’…

Canada’s Vancouver to Integrate Bitcoin in City Finances

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The motion aims to position Vancouver as a “Bitcoin-friendly city”. It highlights the potential benefits of Bitcoin adoption, including protecting the city’s purchasing power from inflation and supporting innovation. Vancouver has a rich crypto history, having introduced the world’s first Bitcoin ATM in 2013, and is home to blockchain startups like Dapper Labs. With Bitcoin price roaring to its new all-time highs above $100K, following ‘s victory last month, Canada’s Vancouver city is now mulling integrating BTC into its finances. Next week on December 11, Mayor Ken Sim will pass…

Chainlink Rally Targets $30 Breakout as Whales Holding Doubles

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Whale holdings surged by $5.84 billion in 7 days, bringing total whale assets to $19.61 billion, up 101.97% over the past month. The rounding bottom breakout positions Chainlink between the 61.80% and 78.60% Fibonacci levels, with targets at $31.91 and $50. Chainlink adoption has grown with seven new integrations and has played a role in Brazil’s CBDC project. . With a market cap of $16.16 billion, the Chainlink price sustains dominance above the crucial $25 support. At press time, the LINK token is trading at a rate of $26.02, with a…