Chainlink (LINK) is in an uptrend after reaching a high of $7.50 on January 27. The uptrend is currently rejected at the recent high. Chainlink price long term analysis: bullish  At the recent high, the altcoin is rejected for the second time. Buyers were unable to sustain the bullish momentum above the $7.50 resistance level. The altcoin fell well below […]

The US Department of Justice (DOJ) announced a successful clampdown on Bitzlato, a major money laundering crypto exchange. Speaking at a press conference, US Attorney General Lisa Monaco confirmed the operation, adding that the exchange’s majority co-founder, Anatoly Legkodymov, was equally arrested in Miami by agents of the FBI. 40-year-old Legkodymov, who operates Bitzlato from his Shenzen residence in China, […]

Author and crypto expert Abhinav R. Soomaney has a new book out called “Cryptocurrency in a Nutshell.” In the composition, Soomaney discusses a big topic in the crypto space: taxation. A New Crypto Tax Book By Abhinav R. Soomaney Taxation in crypto has often been talked about amongst even the most knowledgeable analysts given tax protocols within the arena’s borders […]

In response to a question posed by one of his followers, Matt Hamilton, who once served as the director of developer relations at Ripple, has provided his opinion about the reasons why Bitcoin (BTC) has more widespread use and acceptance than XRP. Why XRP Didn’t Pan Out Like Bitcoin Hamilton seems to believe that Bitcoin dimmed XRP’s light. According to […]

Azuki, a popular nonfungible token (NFT) project, had its Twitter account compromised on Jan. 27 leading to hackers stealing over $750,000 worth of USD Coin (USDC) by posting a malicious “wallet drainer link” posed as a virtual land mint. Hackers stole $751,321.80 USDC from a single wallet within half an hour of the malicious links being tweeted, according to Etherscan data provided to […]

Monica Long has been named the new president of Ripple, moving up from general manager. Long joined the company in 2013 as director of communications and expanded her role last year from general manager of RippleX, the blockchain development side of the business, to general manager of the company as a whole, adding RippleNet, the company’s financial network, to her […]

A bill introduced to the New York State Assembly on Jan. 26 would allow state agencies to accept cryptocurrency as a form of payment for fines, civil penalties, taxes, fees and other payments charged by the state. New York State Assembly Bill A523 was introduced by Democratic Assembly Member Clyde Vanel, who is often seen as a crypto-friendly politician. It […]

Solana decentralized finance (DeFi) platform Friktion is shutting down its user interface and urging customers to withdraw their assets from the protocol, according to a statement on Jan. 26.  The project’s website will no longer deliver the same services, operating in a withdrawal-only mode for all Volts and making deposits unavailable. Friktion’s Volts are structured products for DeFi investments that […]