Author: Judith Faith

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Judith Faith

Judith Faith has been writing about cryptocurrencies and blockchain technology for over five years. She is well versed in the industry and has an extensive network of industry contacts. She is also a frequent contributor to various cryptocurrency publications. With her vast knowledge and experience, she is able to provide insightful and valuable content to her readers. Judith is also an active investor in the cryptocurrency space and has a vested interest in the success of the industry.

Articles by Judith Faith

Arbitrum Expands Reach to Norway with NOK Token Integration

1 hour ago 1 min read

Arbitrum, a leading Layer 2 scaling solution for Ethereum, has announced the integration of Norway’s digital currency, NOK. The integration will allow users to transact in NOK on Arbitrum, and it is the first time that a national currency has been integrated with a Layer 2 scaling solution. The integration was made possible by Symfoni Solutions, a company that specializes in building bridges between government services and decentralized finance (DeFi) applications. Symfoni developed a bridge that connects the Norwegian central bank’s digital currency platform with Arbitrum. The integration of NOK on Arbitrum is a significant development for the DeFi ecosystem.

Binance US Delists Trading Pairs in Response to SEC Allegations

1 day ago 2 mins read

In response to recent allegations by the United States Securities and Exchange Commission (SEC), Binance US, the American arm of the popular cryptocurrency exchange Binance, has made changes to its platform. The exchange has removed ten advanced trading pairs, comprising BTC and BUSD pairs, and also announced the pause of its OTC Trading Portal services in the US. Specific Trading Pairs Being Removed Among the BTC trading pairs that have been removed are ATOM/BTC, BCH/BTC, DOT/BTC, LRC/BTC, MANA/BTC, UNI/BTC, VET/BTC, and XTZ/BTC. Additionally, Binance US is halting the BUSD Advanced Trading pairs HBAR/BUSD and ONE/BUSD. Streamlining of Buy, Sell &

Ark Invest Buys $21 Million Worth of Coinbase Shares

2 days ago 2 mins read

Cathie Wood’s Ark Invest has shown unwavering confidence in Coinbase, the prominent crypto exchange operator, by purchasing additional shares on the same day the company was hit with a lawsuit by the US SEC. The move comes amidst a sharp decline in Coinbase’s stock price due to the legal action. Despite the challenging situation, Ark Invest’s flagship ETF, Ark Innovation, along with its Next Generation Internet ETF and Fintech Innovation ETF, collectively acquired 329,773 shares of Coinbase, amounting to a total investment of $21.64 million. This article delves into Ark Invest’s decision to bolster its stake in Coinbase and their

Coinbase CEO Urges Congress to Address SEC Lawsuit and Crypto Regulations

2 days ago 2 mins read

Coinbase CEO Brian Armstrong responded to the SEC’s lawsuit against the exchange on Tuesday, June 6, calling it “unjust.” In a series of tweets, Armstrong said that the SEC reviewed Coinbase’s business in 2021 and “allowed us to become a public company,” despite the 2019 claims in the SEC’s lawsuit. “In case it’s not obvious, the Coinbase suit is very different from others out there – the complaint filed against us is exclusively focused on what is or is not a security. And we are confident in our facts and the law,” Armstrong tweeted. The SEC claimed that Coinbase violated

Top 10 Ethereum Whales Hold 31.8 million ETH Worth Around $59B

3 days ago 2 mins read

Recent on-chain data analysis has unveiled that the top ten largest whales on the Ethereum network have amassed a staggering 31.8 million ETH, setting a new all-time high. These self-custodial addresses, excluding centralized platforms, have been consistently growing their holdings over the years. The influence of these whales on the market cannot be overlooked, as their movements have the potential to significantly impact Ethereum’s price. Let’s delve deeper into the insights provided by Santiment’s on-chain analytics and explore the trends observed among these powerful investors. Santiment’s research has identified the ten largest non-centralized addresses on the Ethereum network, known as

Ethereum Gas Prices Drop 69%

1 week ago 2 mins read

The price of Ethereum (ETH) has somewhat stalled in recent weeks, but declining network fees indicate there is room for optimism. The lower entry threshold could facilitate more convenience and utility. As it happens, average Ethereum fees have returned to their normal levels after skyrocketing to a yearly high of $14 per ETH transaction in early May. They have recently dropped to $4.28 per transaction, according to the data shared by crypto analytics platform Santiment on June 1. These results demonstrate a decline of 69% from only 25 days ago, when the meme coin hype, triggered by the launch and

US House Committee to Hold Hearing on Digital Asset Spot Market

1 week ago 1 min read

A congressional hearing on the regulation of digital asset spot markets is scheduled to take place on June 6, 2023. The hearing will be held by the House Agriculture Committee, which has jurisdiction over the Commodity Futures Trading Commission (CFTC). The hearing will focus on the potential risks and benefits of regulating digital asset spot markets, as well as the best way to do so. Witnesses at the hearing will include representatives from the CFTC, the Securities and Exchange Commission (SEC), and the Treasury Department. The hearing comes at a time when the cryptocurrency industry is facing increasing scrutiny from

Cardano ($ADA) Price Down 80% From ATH, Over 70% of Addresses in Losses

1 week ago 1 min read

The price of Cardano (ADA) has been on a downward trend since its all-time high of $3.10 in September 2021. As of May 31, 2023, ADA is trading at around $0.379 per token. This represents a decline of over 70% from its all-time high. Despite the decline in price, the DeFi activity on Cardano’s network has continued to grow. As of May 31, 2023, the total value locked (TVL) in Cardano’s DeFi ecosystem is over $446 million. This represents a growth of over 1,000% since the start of the year. The growth of DeFi on Cardano is being driven by

Binance Acquires Sakura Exchange Bitcoin and Begins Transition to New Platform in Japan

2 weeks ago 1 min read

Binance, the world’s leading cryptocurrency exchange, has announced that it will be launching a new platform in Japan in the summer of 2023. The new platform will be fully compliant with Japanese regulations and will offer a wider range of services than As part of the transition, Binance will be gradually restricting services on for Japan-based users. Beginning on May 26, 2023, users will no longer be able to open new derivative accounts. On June 9, options trading and Leveraged Tokens (BLVT) will be discontinued, and on November 30, all Japan-based users will be cut off from

France Eases Crypto Influencer Marketing Restrictions

2 weeks ago 1 min read

The French Senate has reached a unanimous agreement on a bill that aims to regulate promotions by influencers for a wide variety of industries. The revised bill now only requires crypto firms registered with the Financial Markets Authority (AMF) — the nation’s financial regulator — to use influencers for their marketing efforts. The earlier draft of the bill allowed only licensed crypto companies to engage in influencer marketing. However, while crypto companies are currently required to register with the regulator, none are currently licensed in France nor are they legally required to do so. The exact wording of the agreed

OpenAI Threatens to Exit Europe Over AI Regulation

2 weeks ago 2 mins read

OpenAI CEO Sam Altman has hinted that the company might pull out of Europe if it cannot comply with pending European Union AI regulations. The key issue is a rule in the EU AI Act that would require companies to disclose copyrighted materials used in developing generative AI tools. Last week, Apple joined other corporations in prohibiting employees from using ChatGPT and other third-party AI tools for their work over concerns that doing so would leak confidential company data that would then be stored on third-party servers. “The current draft of the EU AI Act would be over-regulating, but we

Synthetix Plans to Buy Back and Burn Millions of SNX Tokens

2 weeks ago 2 mins read

Kain Warwick, founder of decentralized derivatives trading protocol Synthetix, has proposed 12 governance proposals to propel the platform into its next phase. The proposals aim to broaden Synthetix’s capabilities and stimulate increased participation from its community members. One of the most significant proposals is the “SNX split and buyback” proposal. Warwick suggests a 3:1 split of SNX, followed by a buyback and subsequent burn using the Treasury’s fee yield. “Should we proceed with a 3:1 split, we would have approximately 90 million additional tokens for buyback and burn, with a market price of $60 million,” Warwick explained. The founder further