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

WSJ report exposes Binance's undisclosed affiliation with US entity in damning documents

Binance’s regulatory compliance under scrutiny as WSJ reveals ties to unknown US unit

1 year ago 1 min read

According to a recent report by the Wall Street Journal, Binance, the world’s largest cryptocurrency exchange, allegedly did not fully disclose its control over Binance.US, an independent unit set up to comply with US financial regulations. Internal documents and communications reviewed by the WSJ reveal that Binance programmers in Shanghai had control over the software code that supported Binance.US users’ digital wallets, giving them potential access to US customer data. While Binance has denied mixing user data, the revelations could damage the company’s position with US regulators. The report also alleges that Binance did not disclose its partnership with BAM

Introducing Polygon's Zero-Knowledge Identity Verification Tool

Polygon Launches Zero-Knowledge Identity Verification System

1 year ago 1 min read

Polygon, a blockchain company that specializes in scaling systems for Ethereum, has launched a new zero-knowledge (ZK) technology-based identification tool called Polygon ID. The company has created the tool to help users verify their identities and credentials without revealing sensitive information. Zero-knowledge technology is a form of cryptography that eliminates the need for users to provide personal information routinely to different online applications or websites. This development has been seen as a significant use case for blockchains for quite some time. Polygon ID’s design ensures that identity holders have claims stored in their wallets, while verifiable credentials are cryptographically signed

Alchemy blockchain

Alchemy Unveils Revolutionary Dapp Builder to Empower Web3 Developers

1 year ago 1 min read

Alchemy has unveiled its Create Web3 Dapp (CW3D) platform to help bring more people into decentralized technologies. According to Elan Halpern, Product Manager at Alchemy, the company’s mission is to bring blockchain, or Web3 to a billion people by empowering developers. For Halpern, the key to bringing Web3 to the masses is to get developers excited about creating the products that people will use. Launched in 2017, Alchemy is a blockchain software development company that builds applications across several chains, including Ethereum, Polygon, Arbitrum, and Optimism. In October 2021, the company raised $250 million in Series C funding, and in

Colombia Makes History With Meta's Metaverse Technology in Virtual Court Hearing

Colombian Lawmakers Conduct Virtual Court Hearing Using Meta’s VR Tech

1 year ago 1 min read

Colombian lawmakers recently held a two-hour court hearing using virtual reality technology provided by Meta, the parent company of Facebook. The meeting, which was streamed live on YouTube, marked the first full virtual hearing held by Colombian lawmakers and was reportedly successful. Lawyers donned virtual headsets and participated in the meeting as computer-generated avatars, using Meta’s Horizon Workrooms. While some viewers felt that using virtual avatars took away from the seriousness of the hearing, the event represents a landmark moment in the technology’s use in legal proceedings. Virtual meetings and court hearings became more common in 2020 due to the

JP Morgan Expands Blockchain Research with New Crypto Lab in Athens

JP Morgan to Establish Blockchain-Focused Innovation Hub in Athens

1 year ago 1 min read

JP Morgan Chase, one of the largest American banks, has announced its foray into the world of cryptocurrencies. The bank recently revealed plans to open a crypto lab in Athens, according to a report by StockWatch. The lab will reportedly focus on data encryption and security. This move is yet another indication of how the traditional financial industry is joining the crypto trend. The new crypto lab will initially focus on building blockchain-related capabilities to support Onyx, JP Morgan’s decentralized finance platform. The platform facilitates the transfer and clearing of money in multi-currency and multi-bank ledgers. The lab will have

Video game startup Kratos Studios raises $20M in seed round

Kratos Studios secures $20M seed funding at $150M valuation

1 year ago 1 min read

Kratos Studios, an Indian-based web3 gaming startup, has raised $20 million in a seed funding round at a valuation of $150 million. The funding round was led by Accel and included other investors such as Prosus Ventures, Courtside Ventures, Nexus Venture Partners, and Nazara Technologies. Kratos has also acquired IndiGG, a sub-DAO of Yield Guild Games DAO, through a token swap. Existing INDI token holders will be swapped to new Kratos tokens, which will be launched in 12 months. The acquisition will help Kratos continue to build the IndiGG brand as a gaming DAO. Kratos’s business model brings game developers

Saudi Aramco dives in Web3

Saudi Aramco Enters the World of Web3 Through Partnership with droppGroup

1 year ago 1 min read

Saudi Aramco, the world’s largest oil producer, has signed a memorandum of understanding (MoU) with droppGroup to explore co-developing a range of Web3 technologies. The partnership aims to leverage blockchain technology to create innovative solutions for Aramco’s employees, including potential on-boarding, training ecosystems, tokenized networks, and rewards programs. The third generation of the internet, Web3, is driven by blockchain technology, and it has been gaining traction in various sectors, including finance, supply chain management, and social media. With the latest partnership, Saudi Aramco is joining a growing number of global corporations that are embracing blockchain technology to streamline operations, improve

Chaos Labs DeFi protocol

Chaos Labs Secures $20 Million Funding Round Led by Galaxy Digital and PayPal

1 year ago 1 min read

Chaos Labs, a startup providing an automated economic security system for decentralized finance (DeFi) protocols, has raised $20 million in seed funding. The round was co-led by Galaxy Digital and PayPal Ventures, with participation from Coinbase, Uniswap, and other notable investors. The funding will be used to expand Chaos Labs’ suite of risk and security products for DeFi protocols. The startup aims to help DeFi protocols protect user funds from attacks while optimizing capital efficiency. The need for such solutions is clear: last year, hackers stole a record-setting $3.8 billion in crypto assets, with the vast majority coming from DeFi

Cryptocurrency exchange Huobi Global

Huobi intends to relocate its headquarters from Singapore to Hong Kong.

1 year ago 1 min read

Huobi Global is looking to relocate its Asia headquarters from Singapore to Hong Kong, according to Justin Sun in an interview published Monday. Huobi intends to increase its Hong Kong workforce from 50 to 200 by the end of the year. Justin Sun announced on Twitter on Monday that the exchange is applying for a crypto trading license in Hong Kong and will open a new Hong Kong exchange to serve local institutional investors and high net worth individuals. The Securities and Futures Commission (SFC) of Hong Kong published proposals for a new crypto licensing regime on Monday, which may

Zipmex crypto exchange

Zipmex Reopens Customer Withdrawals Following Successful Acquisition Deal

1 year ago 1 min read

Zipmex crypto exchange, has announced that it will reopen customer withdrawals following a successful takeover deal with a venture capital firm last month. This move comes after the credit crunch the company faced last year due to the market collapse that followed the implosion of Terra and its algorithmic stablecoin UST. Eligible creditors are required to fill out a form stating the amount owed to them by February 21. The company’s scheme manager, investment firm KordaMentha, is aiming to finalize all withdrawals by March 21. The rescue deal, which was in “advanced talks” in November, has been signed, according to

Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC)

BAYC Community Accuses Yuga Labs of IP Theft for Trademarking Logo

1 year ago 2 mins read

Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, has been accused of illegally trademarking the BAYC wolf skull logo without proper licenses. The logo was allegedly taken from a company specializing in drawing tutorials for beginners and children. NFTs were created to protect artists and their intellectual property. However, Yuga Labs has been accused of the very thing NFTs were created to prevent. Crypto Twitter member and NFT artist @Jdotcolombo discovered a post from April 5, 2021, where Easy Drawing Guides advertised an easy step-by-step drawing tutorial for a wolf skull. The art

Two academics from Stanford University have been identified SBF bailers

Former Stanford Dean and Research Scientist revealed as Sam Bankman-Fried’s bail backers

1 year ago 1 min read

Two academics from Stanford University have been identified as the previously unknown individuals who signed bonds for the release of Sam Bankman-Fried, the founder of FTX crypto exchange. Larry Kramer, the former dean of Stanford Law School, and Andreas Paepcke, a computer science research engineer at the university, were named in court filings released on Wednesday. Bankman-Fried was arrested and charged with fraud and other crimes, and was released on bail in December on a US$250 million personal recognizance bond signed by himself and his parents. Two separate bonds were signed by Kramer and Paepcke, with court documents showing that

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