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

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

2 weeks 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

Sui (SUI) TVL surpasses $500 million, solidifying itself in the top 10 of DeFi ecosystems

2 weeks ago 1 min read

Sui’s Total Value Locked (TVL) increased by more than 1500% in the final five months of 2023 and has more than doubled since the beginning of 2024. Sui, one of the fastest-growing Layer 1 blockchains, has maintained its remarkable DeFi growth, surpassing $500 million in TVL and securing its place in the top 10 DeFi ecosystems. On-chain activity has skyrocketed in tandem with TVL’s wild ascent. With a weekly DeFi volume of $745 million, it is up 63% from the previous period and ranks among the top 5 most active ecosystems of the previous week. Sui’s steady ascent shows how

Celsius Network emerges from bankruptcy, marking a victory for the company

3 weeks ago 1 min read

Celsius Network, a crypto lending platform, has emerged from bankruptcy, marking a victory for the company and its investors. The completion of the confirmed plan of reorganization, approved by 98% of the company’s account holders and confirmed by the Bankruptcy Court for the Southern District of New York on November 9, 2023, marks the end of an eighteen-month restructuring process. The comprehensive plan entailed reaching an agreement among various stakeholders, resolving complex legal issues, fully cooperating with regulatory investigations, and carrying out transactions under the plan. A key component of the plan is the distribution of more than $3 billion

Solana blockchain activity spikes after Jupiter (JUP) airdrop

3 weeks ago 1 min read

The Jupiter airdrop resulted in a significant increase in activity on the Solana blockchain. After the airdrop went live, transaction volume nearly doubled, rising from around 1,900 to over 3,000 transactions per second. This surge indicates that the crypto community is very interested in and engaged with the airdrop. However, increased transaction activity has resulted in a longer processing time on the Solana blockchain. The time it took to process a transaction tripled, from about 20,000 milliseconds to more than 60,000. This suggests that the blockchain is under increased demand and pressure due to the influx of transactions. Jupiter, a

Visa and Transak Join Forces to Allow Crypto Withdrawals in 145 Countries

3 weeks ago 1 min read

Visa has partnered with Web3 infrastructure provider Transak to launch a novel method for exchanging crypto for fiat currencies. The collaboration allows crypto withdrawals and payments via the Visa Direct solution, enabling users to seamlessly convert crypto from wallets like MetaMask to a Visa debit card. The integration opens up a world of possibilities for users, allowing them to exchange crypto for fiat and make payments at over 130 million merchant locations where Visa is accepted worldwide. Yanilsa Gonzalez-Ore, Head of North America at Visa Direct, expressed her excitement about the collaboration. She said, “By enabling real-time card withdrawals through

This crypto exchange loses over $10 million to hackers

3 weeks ago 1 min read

Over the weekend, SOMESING, a popular South Korean karaoke service, was hacked, resulting in the theft of hundreds of millions of SSX tokens. Following the incident, several South Korean crypto exchanges, including Upbit, Bithumb, and Coinone, have issued warnings to users and taken immediate steps to reduce potential investor risks. On January 29, Upbit, South Korea’s largest crypto exchange, issued a press release informing users of the SSX token hack and outlining precautionary measures to address the situation. Upbit and other exchanges responded to SOMESING’s request by temporarily suspending SSX token deposits and withdrawals. According to the press release, Upbit

Bitcoin whales with over 1,000 coins increase accumulation

4 weeks ago 1 min read

The number of Bitcoin (BTC) addresses with more than 1,000 BTC has reached an all-time high, indicating resilience among large holders despite the crypto’s recent performance following ETF approval. According to the most recent IntoTheBlock data, Bitcoin was trading at $41,760, a 15% drop from its peak of $48,625 just a day after exchange-traded funds (ETFs) were approved. Despite the market’s bearish sentiment, significant BTC whales with holdings of more than 1,000 coins have increased their accumulation efforts, indicating a strong belief in the asset’s long-term potential. On the other hand, investors with BTC holdings ranging from 1 to 1,000

Ronin Token Surges By Over 205% in the Past Month

4 weeks ago 1 min read

The Ronin token (RON) has captivated the crypto market’s attention with an astonishing increase of more than 205% in the last month. Despite recent market fluctuations, Ronin’s resilience and impressive statistics set it apart in the cryptocurrency landscape. Ronin has achieved remarkable milestones in just nine months since its inception, with 250,000 unique daily active addresses, $5 billion in total value locked (TVL), over 2 million wallet downloads, and a 15% share of all NFT transactions. These impressive figures highlight Ronin’s growing presence in the blockchain gaming industry. Ronin’s decentralized exchange (DEX), Katana, is at the heart of the company’s

UMA token surges over 200% following the revelation of Oval solution

4 weeks ago 1 min read

Uma’s native token, the UMA token, has increased by over 200% since the announcement of its solution, Oval. The project’s market cap has risen to over $500 million, indicating a significant uptrend. UMA token has skyrocketed from $2 to over $6.9 in just a few days. This surge reflects the market’s positive response to the Oval solution, putting the UMA token at its highest level since mid-2022. The sudden increase in the price of the UMA token coincided with the project’s announcement of Oval, a solution designed to protect lending protocols from Maximum Extractable Value (MEV). Hart Lambur, Uma’s co-founder,

Solana’s stablecoin transactions reach over $300 Billion

1 month ago 1 min read

Solana has achieved a milestone in stablecoin transactions, surpassing an unprecedented $300 billion in one month. This surge in transaction volume is the highest ever recorded on the Layer-1 blockchain, demonstrating the platform’s growing prominence in facilitating stablecoin transactions. In January, Solana experienced a significant increase in stablecoin transfers, surpassing the previous month’s figures. December saw $297 billion in stablecoin transfers, representing a significant month-over-month increase. When comparing current statistics to January of the previous year, Solana has experienced an astounding surge of over 2,550%, handling only $11.5 billion in stablecoin transfers during the same period in 2023. Paxos recently

US CFTC Takes Legal Action Against Debiex in $2.3 Million Romance Scam

1 month ago 1 min read

The US Commodity Futures Trading Commission (CFTC) has filed a lawsuit against crypto exchange Debiex, accusing the platform of orchestrating a $2.3 million fraud scheme disguised as a romance plot. The legal action began on January 19 in Arizona. According to the lawsuit, Debiex marketed itself as a crypto exchange for US citizens. However, the CFTC claims that the exchange participated in a deceptive scheme to steal funds from Asian Americans via a romance scam. The elaborate scam involved three key groups: “The solicitors,” who established connections on social media, gaining victims’ trust and convincing them to open trading accounts

Binance Burns Over 2 Million BNB Tokens Valued At $636 Million

1 month ago 1 min read

Binance crypto exchange announced the successful completion of the 26th quarterly Binance Coin (BNB) token burn via the BNB Chain. The burn event, which included the auto-burn process and the Pioneer Burn Program, resulted in a significant reduction in the native token’s circulating supply. During the most recent burn event, the Auto-Burn process, which is designed to run independently of Binance’s centralized exchange (CEX), removed a significant 2,141,487.27 BNB from circulation. This amounts to around $636 million in USD. Binance emphasizes the auto-burn mechanism as an auditable and objective method of ensuring transparency. The Pioneer Burn Program, another key component