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

Gemini Takes Legal Steps to Prevent Shutdown in Canada

Gemini Exchange Submits Filing to Avoid Shutting Down in Canada

1 year ago 1 min read

Gemini has submitted a regulatory filing to the Ontario Securities Commission (OSC) to continue operating in Canada. The filing is a pre-registration undertaking that registers the cryptocurrency exchange as a restricted dealer, in compliance with recent Canadian securities regulations. These regulations require crypto firms to segregate Canadian customer funds from foreign user funds and withhold certain services from residents of Canada. Gemini’s registration in Canada will allow it to continue to serve retail users in the country with support for trading pairs involving the Canadian dollar (CAD) and other assets. Other crypto companies such as Coinbase, Kraken, Crypto.com, and Binance

DeFi Leaders Aave and Yearn Finance Hacked by Cybercriminals

DeFi Giants Aave and Yearn Finance Hacked

1 year ago 1 min read

Two of Ethereum’s most popular DeFi protocols, Aave and Yearn Finance, have reportedly suffered an exploit. Blockchain security firm PeckShield has directed a tweet to Aave requesting verification of a specific transaction hash. According to the security firm, Yearn Finance was attacked by a flash loan, and the exploit has affected Aave V1, with damage potentially exceeding $11 million. The attacker received a mix of stablecoins from Yearn Finance and Aave, capturing over $10 million in DAI, USDC, BUSD, TUSD, and USDT. Aave has confirmed the transaction but stated that it has not impacted Aave V2 and V3. Aave V1

Bankrupt Crypto Exchange Receives Relaunch Recommendation from Former FTX Sales Chief

Bankrupt Crypto Exchange FTX Should Consider Relaunch, Says Former Sales Chief

1 year ago 1 min read

The former head of institutional sales at FTX, Zane Tackett, has suggested that the now-defunct cryptocurrency exchange should relaunch and offer a token that represents creditor claims. Tackett suggested that this would give creditors some value, no matter how small, and a way to price the assets held by FTX. He proposed that the new exchange should offer a market for FTX claims based on one token per $1 lost, similar to how rival crypto exchange Bitfinex issued a token called BFX after it was hacked in 2016. Tackett argued that relaunching FTX would allow creditors to convert their debt

Attorney Jeremy Hogan Exposes SEC's Failure to Prove XRP is a Security in Ripple Lawsuit

XRP is Not a Security, SEC Fails to Prove in Ripple Lawsuit, Attorney Jeremy Hogan States

1 year ago 2 mins read

One crypto legal expert has weighed in on the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs. Attorney and XRP supporter Jeremy Hogan recently took to Twitter to explain to his 263,300 followers why he believes the SEC has not proven that XRP is a security in the regulator’s lawsuit against Ripple Labs. The SEC filed a lawsuit against Ripple in late 2020, claiming that the company sold XRP as an unregistered security. However, Hogan argues that the SEC has so far failed to prove that there was a contract of investment for investors

Bitget's $100 Million Fund to Boost Asia's Emerging Tech Scene

Bitget Launches $100 Million Venture Capital Fund to Boost Web3 Innovation in Asia and Beyond

1 year ago 1 min read

Bitget, the Seychelles-based derivatives exchange operator, has announced the launch of a new $100 million venture capital fund. The fund will be focused on supporting Web3 innovation globally, with a special focus on Asia. According to Gracy Chen, the managing director of Bitget, the exchange is committed to supporting financial innovation in Asia, and the new venture fund will play a critical role in achieving this goal. Chen also emphasized that Bitget’s platform will act as a reliable, convenient, and secure link between the worlds of decentralized finance (DeFi) and centralized finance (CeFi). The exchange has already outlined the criteria

Polygon (MATIC) is gaining traction in the gaming industry

Polygon’s MATIC Rides High with Increased Activity, Becomes Second-Biggest Gaming Blockchain

1 year ago 1 min read

Polygon (MATIC) is gaining traction in the gaming industry with a surge in daily unique active wallets (dUAW) last month. According to DappRadar, the layer-2 scaling solution recorded 138,081 dUAWs in March, a 53% increase from the previous month. This growth has pushed Polygon to become the second-largest gaming blockchain, trailing only Wax Blockchain (WAXP), which has over 314,976 daily unique active wallets. Despite the decrease in on-chain gaming activity by 3.33% in March, games still make up a significant part of DApp activities, accounting for 45.6% of the industry’s activity in Q1 2023. Boomland’s Hunters On-Chain, which launched on

Terra-Luna crypto founder Do Kwon has “zero” identifiable assets in South Korea

Terra-Luna founder Do Kwon has no assets traceable in South Korea, prosecutors say

1 year ago 1 min read

Terra-Luna crypto founder Do Kwon has “zero” identifiable assets in South Korea, according to local prosecutors. Kwon is currently under arrest for fraud charges in the US and South Korea after Terra-Luna’s collapse in May 2020. Nine former and current Terraform Labs executives are alleged to have illegally amassed KRW 414.5 billion ($314.2m) from the project. Of this, KRW 91.4 billion is allegedly attributed to Kwon, but South Korean prosecutors confirm that none of his assets are in their jurisdiction. Terraform co-founder Daniel Shin has reportedly had assets seized, including real estate and cars, and prosecutors have requested global exchanges

FTX SBF has a limited time left to use his smartphone and play video games

FTX’s Sam Bankman-Fried Has Only 5 Days Left To Use His Smartphone

1 year ago 1 min read

Sam Bankman-Fried, the ex-CEO of crypto exchange FTX, has a limited time left to use his smartphone and play video games before the government imposes strict bail conditions. The new rules will force Bankman-Fried to surrender his smartphone and laptop in exchange for a heavily monitored version that only allows access to certain approved websites. He will also be banned from using video games with chat or voice communication. Legal experts describe the new bail terms as a “Faraday box,” cutting off all electronic communication with the outside world. Bankman-Fried has been under house arrest at his parents’ California home

Coinbase-backed plaintiffs have filed a legal challenge against the US Treasury

Coinbase Backs Efforts to Remove Tornado Cash Restrictions in Court

1 year ago 1 min read

Coinbase-backed plaintiffs have filed a renewed legal challenge against the United States Treasury to overturn the decision to sanction the crypto mixer Tornado Cash. The motion for a partial summary judgment was filed on April 5 in a Texas District Court, which aims to have the U.S. Office of Foreign Asset Control (OFAC) settle for the first two counts from its original complaint filed in September 2022. The first count claimed that OFAC exceeded its statutory powers under the International Emergency Economic Powers Act (IEEPA) and the second count argued that the ban on the open-source code violated the free

The first bank-issued dollar-backed stablecoin is now available for purchase starting from 100 Brazilian Real around $20

Brazilian Investment Bank BTG Pactual Unveils New Dollar-Backed Crypto

1 year ago 1 min read

BTG Pactual, a leading investment bank in Latin America, has announced the launch of the world’s first bank-issued dollar-backed stablecoin, BTG Dol. The stablecoin is now available for purchase starting from 100 Brazilian real, approximately $20, through the bank’s crypto platform, Mynt. Unlike traditional cryptocurrencies like bitcoin and ether, stablecoins are designed to be less volatile and are pegged to traditional financial assets like fiat currencies. They allow investors and traders to keep their money in the digital asset ecosystem without being completely exposed to the price swings that are typical of most cryptocurrencies. BTG Pactual’s stablecoin is backed by

Signature Bank Orders Crypto Clients to Close Accounts by April 5th

Signature Bank Asks Crypto Clients to Close Their Accounts by April 5

1 year ago 1 min read

Reports have emerged that clients of Signature Bank who use its cryptocurrency services have until April 5 to withdraw their funds or have their accounts closed by federal regulators. New York Community Bancorp (NYCB) bought the majority of Signature Bank’s deposits and loans on March 19, but around $4 billion of deposits from the bank’s digital banking business were excluded from the deal. According to a spokesperson from the Federal Deposit Insurance Corporation (FDIC), the agency was “reaching out to depositors from Signature” who were not included in NYCB’s bid. The FDIC was appointed receiver of Signature Bank when it

Venezuela Makes Major Arrests in Connection to Oil Corruption and Cryptocurrency

Venezuela Arrests 21 Individuals for Involvement in Cryptocurrency-Linked Oil Corruption Scheme

1 year ago 1 min read

On March 24, 2023, Venezuelan prosecutors arrested 21 individuals, including businessmen and government officials, for their alleged involvement in a massive crypto-related corruption scheme within the state oil company, PDVSA. The scheme was investigated by the government starting in October 2022 and focused on PDVSA, the judiciary, and the country’s crypto watchdog, Sunacrip. Attorney General Tarek Saab called the scheme “one of the most lurid plots in recent years” and accused officials, businessmen, and young people, including so-called “mafia women,” of participating in corruption and money laundering. Saab did not provide details about the company names or the exact scope

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