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

Hong Kong is poised to approve spot bitcoin and ether exchange-traded funds (ETFs) as soon as next week

Hong Kong may soon approve major bitcoin and ether ETFs, reports suggest

2 weeks ago 1 min read

Hong Kong is poised to approve spot Bitcoin and Ether exchange-traded funds (ETFs) as soon as next week, with HashKey anticipated to be among the initial recipients of approval. The company recently enhanced its license with the Securities and Futures Commission (SFC), granting it the authority to oversee digital asset products for retail investors. HashKey has formed a partnership with Bosera International to promote the development and expansion of specific industries, facilitating the introduction of these groundbreaking spot ETFs. The overseas division of Harvest Fund Management is also being considered for approval. These approvals may indicate a noteworthy change in

SWIFT completes pivotal CBDC test

SWIFT completes pivotal CBDC test, paving the way for global digital currency integration

4 weeks ago 1 min read

SWIFT has successfully concluded its second testing phase for Central Bank Digital Currencies (CBDCs), with a specific emphasis on digital ledger technology (DLT) and smart contracts. The six-month trial demonstrated the capacity of the SWIFT connector to link together existing CBDC networks without the need to create a new digital currency. The connector leverages Distributed Ledger Technology (DLT) and smart contracts to guarantee precise and uniform transaction records, offering possible use cases in digital commerce, securities, and international trade. The demonstration showcased the use of typical financial applications, including trade payments, foreign currency, and liquidity-saving methods. The introduction of atomic

Genesis Global has agreed to pay $21 million in civil penalties

Genesis Global will pay a $21 million in civil penalty to settle US SEC charges

1 month ago 1 min read

Genesis Global has agreed to pay $21 million in civil penalties for engaging in the unregistered offer and sale of securities through the Gemini Earn program. The US Securities and Exchange Commission (SEC) criticized Genesis for offering up a retail crypto lending product without registering it first, a move that was seen as a violation of the Securities Act of 1933. The SEC’s Chair, Gary Gensler, emphasized the importance of following the law to protect investors and ensure trust in markets. The collapse of the Gemini Earn program serves as a cautionary tale for investors, as it highlights the unknown

Binance to remove trading pairs that include TrueUSD (TUSD) of Justin Sun

Binance to remove trading pairs that include TrueUSD (TUSD) of Justin Sun

1 month ago 1 min read

Binance exchange has announced the removal of many trading pairings that include TrueUSD (TUSD), a stablecoin associated with Tron creator Justin Sun. The decision to delist certain pairings is part of Binance’s normal assessment process to protect user safety and preserve the integrity of the trading ecosystem. The delisting of spot trading pairs is mostly caused by insufficient liquidity and trading volume. Nevertheless, the crypto exchange has made it clear that the delisting will not impact the accessibility of tokens on Binance Spot. This means that users can still engage in spot trading using the base and quote assets of

Memecoins DOGE, PEPE, WIF maintain a bullish trend amid market positive momentum

Memecoins DOGE, PEPE, WIF maintain a bullish trend amid market positive momentum

1 month ago 1 min read

The crypto market is now seeing a significant increase, as Bitcoin has surpassed the $73,700 level and Ethereum is approaching the $4,100 benchmark. This milestone establishes the conditions for future price movements in light of the impending Bitcoin halving. Memecoins, renowned for their unpredictable but very profitable characteristics, have also been attracting considerable interest. Dogecoin (DOGE), the original memecoin, has seen over 6% surge in value during the last 24 hours, resulting in a market capitalization of $25 billion and trade volumes of $2 billion. After Elon Musk hinted about the integration of DOGE payments for Tesla, the currency saw

Polygon (MATIC) is gaining popularity owing to a huge rise in active addresses, a critical indicator that measures user involvement.

MATIC’s active addresses increases by over 60% in the previous 30 days

2 months ago 1 min read

Polygon (MATIC) is gaining popularity owing to a huge rise in active addresses, a critical indicator that measures user involvement. The number of MATIC’s active addresses has increased by over 60% in the previous 30 days, hitting 15,708 on March 3rd. Additionally, this shows an increasing interest in and acceptance of the Polygon Network. Historical data indicates a significant association between the increase of active addresses and MATIC’s price, with the rise frequently preceding a period of price stability or a prospective price increase. Recently, MATIC’s price has surged from $0.83 to $1.16, an over 38% gain, suggesting favorable sentiment

Charles Hoskinson publicly refutes rumors of leaving Cardano

Charles Hoskinson publicly refutes rumors of leaving Cardano

2 months ago 1 min read

Charles Hoskinson, CEO of IOHK and the visionary behind Cardano, has reiterated his commitment to the blockchain platform, claiming that his involvement with the Midnight project and the prospect of implementing a multi-chain strategy are unrelated to his resignation. Hoskinson’s remark, “The answer is no,” highlighted the hard work of hundreds of IOG engineers and scientists working on Cardano. This move is timely as the blockchain industry evolves, with initiatives like Midnight emerging to target specific market needs like as data protection and privacy. Despite Midnight’s lofty aspirations, Hoskinson’s involvement with the project does not signal a shift away from

Nigerian authorities issue a final warning to Binance CEO Richard Teng

Nigerian authorities issue a final warning to Binance CEO Richard Teng

2 months ago 1 min read

Nigerian authorities have reportedly issued a final warning to Binance CEO Richard Teng, demanding his presence before the House of Representatives Committee on Financial Crimes by March 4. This comes after Binance settled with the U.S. Department of Justice for money laundering and agreed to a $4.3 billion fine. The committee is investigating Binance for alleged financial crimes, including money laundering and supporting terrorism. Failure to comply could lead to severe legal action, reflecting the government’s commitment to safeguarding Nigerian citizens from foreign financial misconduct. Binance has ignored requests to discuss its adherence to Nigerian laws and tax obligations, with

Binance Coin (BNB) price reaches $400

Binance Coin (BNB) price reaches $400, marking a significant rebound despite Binance’s legal issues

2 months ago 1 min read

Binance, the world’s largest crypto exchange, has seen its native crypto, BNB coin breaking the $400 mark for the first time since May 2022, surging by over 3%. This comes despite facing legal issues in the US. Trying to solve the issue, the exchange agreed to a $4.3 billion plea deal. This hefty sum was paid to address charges related to anti-money laundering and sanctions violations. In addition, Binance‘s legal issues stem from admissions of facilitating transactions for “terrorist groups” like “Hamas”, underscoring the gravity of their compliance lapses. Furthermore, the plea deal mandates the appointment of an independent compliance

FTX founder Bankman-Fried chooses new legal team despite conflicting worries about his appeal

FTX founder Bankman-Fried chooses new legal team despite conflicting worries about his appeal

2 months ago 1 min read

Sam Bankman-Fried, former FTX CEO, has chosen Marc Mukasey and Torrey Young for his appeal despite potential conflict concerns. It is worth noting that SBF, who separated from his trial legal team, plans to engage these attorneys, who also represent ex-CEO Alex Mashinsky. This decision follows a request from US prosecutors for a hearing on possible conflicts of interest due to their dual representation. Additionally, prosecutors have highlighted a conflict risk due to financial interactions between Alameda Research and Celsius, both of which have declared bankruptcy. Furthermore, Bankman-Fried intends to argue that Celsius was not defrauded, which could conflict with

TRON-TRX

TRON Network reaches $1.758 million in fee revenue, achieving an all-time high

2 months ago 1 min read

On February 20, TRON Network’s fee revenue surged to $1.758 million, signaling a noteworthy achievement for the blockchain network. The burning of around 12,622,236 TRX tokens, a practice that eliminates transaction fees by destroying tokens, contributed significantly to this momentum and is consistent with TRON’s deflationary model. TRON Network is ranked fifth among blockchain protocols based on its daily accrued revenue, following all-time revenue growth. With respective revenues of $12.06 million, $3.05 million, $3 million, and $1.66 million, Ethereum, Uniswap, Lido, and Bitcoin lead the group. Furthermore, the network is ranked second in terms of Total Value Locked (TVL) at

Genesis seeks court nod to sell $1.4 billion in Bitcoin shares amid financial woes

Genesis seeks court nod to sell $1.4 billion in Bitcoin shares amid financial woes

3 months ago 1 min read

Genesis, which is having financial issues, is seeking permission from the court to sell off a sizable amount of its digital currency holdings, with a target price of about $1.4 billion in shares of GBTC. Crypto lender Genesis’s move comes while the company is navigating bankruptcy procedures to sell off assets and regain stability. To help with its financial difficulties, Genesis is asking the court to approve the sale of $1.4 billion worth of assets, including a sizable amount of its GBTC shares. The crypto lender hopes to ease its financial burden and create a path for recovery during bankruptcy

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