Author: Judith Faith

Profile picture of Judith Faith

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

Binance CEO Changpeng Zhao (CZ) dismissed the layoff news as FUD

Binance CEO Dismisses Layoff Allegations as FUD Amidst Talent Concentration Efforts

10 months ago 1 min read

Binance, a prominent cryptocurrency exchange, has been at the center of attention following allegations of significant layoffs. According to a report by the Wall Street Journal (WSJ), the exchange allegedly laid off over 1,000 employees. In response, Binance CEO Changpeng Zhao (CZ) dismissed the news as FUD (Fear, Uncertainty, and Doubt), stating that the reported figures are inaccurate. The WSJ report claimed that Binance had laid off more than 1,000 employees, triggering concerns and speculation about the exchange’s stability. CZ addressed these allegations by describing them as FUD and emphasizing that involuntary layoffs are a common occurrence in companies striving

XRP Witnesses Remarkable Surge of Over 70% as Judge Favors Ripple in SEC Lawsuit

Ripple’s XRP Price Soars Over 70% Following Favorable Judge’s Ruling Against SEC

10 months ago 1 min read

XRP, the native token of Ripple, experienced a phenomenal surge of over 70% in value following a recent court ruling that favored Ripple in its legal battle against the Securities and Exchange Commission (SEC). This significant price explosion demonstrates the market’s overwhelming response to the favorable outcome for Ripple. The recent ruling by the judge presiding over the SEC case brought a wave of optimism for Ripple and its supporters. The decision ruled in favor of Ripple, favoring the company’s arguments and challenging the SEC’s allegations. This legal victory has breathed new life into XRP, propelling its value to unprecedented

Alarming Report Reveals Over $30 Billion Worth of Crypto Hacked Since 2012

More Than $30 Billion Worth of Crypto Stolen in Hacks Since 2012

10 months ago 1 min read

A recent report by SlowMist, a blockchain security firm, has unveiled that a staggering $30 billion worth of cryptocurrency has been hacked in 1,101 documented incidents from 2012 to the present. This amounts to approximately 2.5% of the total market capitalization of cryptocurrencies. The report highlights the top five most common types of hacks and sheds light on notable incidents, including the infamous Mt. Gox and Bitfinex hacks. SlowMist’s report identifies smart contract vulnerabilities, rug pulls, flash loan attacks, scams, and private key leaks as the most common types of hacks. Among the documented incidents, exchange hacks accounted for the

Binance US crypto exchange has resolved a technical issue that temporarily suspended BCH withdrawals on its platform.

Binance US Resolves Bitcoin Cash (BCH) Withdrawal Issue And Addresses FUD

10 months ago 1 min read

Binance US, the American arm of the leading cryptocurrency exchange Binance, has resolved a technical issue that temporarily suspended BCH withdrawals on its platform. The exchange assured users that their assets were safe and secure throughout the process and that the issue was not related to any liquidity problems. Technical Issue Resolved The technical issue that affected BCH withdrawals on Binance US was related to the platform’s deposit transfer system. This system automatically transfers funds from customers’ individual deposit wallets to the platform’s hot and cold wallets for enhanced security. However, the technical glitch prevented BCH deposits from being transferred

Standard Chartered Bank Sets Bullish Price Target of $50,000 for Bitcoin by the Close of 2023

Standard Chartered Bank Predicts Bitcoin to Hit $50,000 by End of 2023, $120,000 by 2024

10 months ago 1 min read

Leading financial institution Standard Chartered has made a bold prediction for Bitcoin’s price, forecasting that the cryptocurrency could surge to $50,000 by the end of this year and reach an impressive $120,000 by the conclusion of 2024. The bank’s FX analyst, Geoff Kendrick, suggests that there is a 20% potential upward movement from their initial prediction of $100,000 for Bitcoin’s value by 2024. Standard Chartered’s optimistic projection has the potential to stimulate Bitcoin miners, driving increased accumulation of the cryptocurrency’s supply. The growing institutional interest in Bitcoin is evident, as investment giant BlackRock recently filed an application for a Bitcoin

Blur (BLUR)

Over 98% of BLUR Token Holders in Loss, Data Shows

10 months ago 2 mins read

Blur (BLUR), a once-promising cryptocurrency, has encountered a significant setback as recent data indicates that 98.88% of BLUR holders are currently facing financial losses. The token gained substantial attention and popularity upon its release, with early buyers profiting handsomely as the value of BLUR skyrocketed. However, subsequent developments and market conditions have contributed to a sharp decline in its value. When Blur was introduced in October of the previous year, it quickly positioned itself as the platform of choice for professional NFT traders. It even offered a token airdrop to entice users to choose Blur over competitors like OpenSea. The

The Enigmatic Figure Behind the 511 Billion SHIB Dump

Unraveling the Mystery Behind the 511 Billion SHIB Sold in the Past Week

10 months ago 1 min read

Crypto broker Voyager has made significant transactions involving Shiba Inu (SHIB) tokens, transferring billions of SHIB over the past week. These transactions have caught the attention of the crypto community, sparking speculation about the motives behind these moves. Meanwhile, the lead developer of Shiba Inu, Shytoshi Nakamoto, has released a blog post hinting at the upcoming launch of Shibarium, the much-anticipated Layer 2 solution. Additionally, SHIB’s involvement in upcoming conferences adds to the excitement surrounding the future of the project. According to Etherscan data, Voyager recently made three transactions within 15 minutes, moving a total of 90 billion SHIB. Over

The cryptocurrency industry is facing a battle for survival against regulatory measures imposed by the SEC and banking regulators.

Crypto Industry Fights for Financial Freedom Against SEC Regulation

10 months ago 1 min read

The cryptocurrency industry is facing a battle for survival against regulatory measures imposed by the SEC and banking regulators. In this modern-day struggle for financial freedom, Coinbase and other crypto firms are invoking the principles laid down by the Constitution’s major questions doctrine to defend against overreach and preserve the vision of decentralization and liberty. The major questions doctrine is a legal principle that holds agencies like the SEC accountable when they overstep their authority and manipulate vague statutes to achieve their ends. The doctrine has been invoked by the Supreme Court in cases involving the FDA’s regulation of cigarettes

Verge (XVG)

Verge (XVG) Price Soars by Almost 300%: What’s Behind the Meteoric Rise?

10 months ago 1 min read

Verge (XVG), the privacy-focused cryptocurrency, has experienced a remarkable surge of nearly 300% in value over the past week. With a trading volume of $489 million within 24 hours and a market capitalization of $96 million, this long-standing altcoin has caught the attention of the global crypto community. Originally introduced in 2014, Verge gained significant popularity during the bullish market of 2017, largely driven by the widespread interest in Bitcoin. The cryptocurrency stands out by offering a fast, efficient, and privacy-oriented blockchain for conducting transactions. Market observers have begun referring to this recent phenomenon as the “dino coin renaissance,” suggesting

Hong Kong has taken a significant step towards embracing the potential of blockchain technology by establishing the Task Force

Hong Kong Establishes Task Force to Drive Blockchain Innovation and Development

10 months ago 2 mins read

Hong Kong’s local government has taken a significant step towards embracing the potential of blockchain technology by establishing the Task Force on Promoting Web3 Development. Led by Financial Secretary Paul Chan, the task force aims to harness the benefits of blockchain technology, such as low costs, transparency, and disintermediation, to drive advancements across various industries. This move aligns with Hong Kong’s ambition to become a global hub for digital asset trading and Web3 innovation. Comprised of 11 members from government agencies and supported by 15 advisory members representing business and industry sectors, the task force aims to provide recommendations for

Twitter's Rate Limit Controversy Prompts Cardano Founder Charles Hoskinson to Take a Break

Cardano Founder Charles Hoskinson Takes Break from Twitter Amid Rate Limit Controversy

10 months ago 1 min read

Cardano founder Charles Hoskinson recently announced on Twitter that he would be stepping back from the social media platform for a brief hiatus. This decision comes in the midst of an ongoing controversy surrounding Twitter’s implementation of reading limits on its users. Twitter, led by CEO Elon Musk, introduced these restrictions as a response to combat “extreme levels” of data scraping and system manipulation. However, the move has faced significant backlash, resulting in service disruptions and user frustrations. The rate limit issue has generated a mix of humor and frustration within the community. Some users made playful references to Hoskinson

XRP whales bought a staggering 360 million XRP tokens

Whales buy 360 million XRP tokens worth around $170 million

10 months ago 1 min read

Renowned crypto analyst, Ali Martinez, recently shed light on the intriguing behavior of XRP whales during a market dip. Despite XRP‘s price dropping by 12% between June 22 and June 28, these influential players seized the moment, purchasing a staggering 360 million XRP tokens, equivalent to an impressive $170 million. This significant acquisition of XRP during the dip suggests a belief in an imminent price increase, potentially attracting more investors and bolstering positive sentiment surrounding Ripple and its associated digital asset. The recent moves by XRP whales are in line with Martinez’s observations on the correlation between previous price surges

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