Judith Faith, Author at Optimisus

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

Yuga Labs Confirms Mailchimp Hack, Assures NFTs Remain Secure

1 year ago 1 min read

On January 19th, Yuga Labs, the company behind popular NFT projects such as Bored Ape Yacht Club, Meebits, and CryptoPunks, announced that their Mailchimp account had been hacked. However, they were quick to assure the community that the hack did not impact their NFTs in any way. In a tweet, Yuga Labs confirmed that the hack had occurred on January 11th and that an unauthorized actor may have accessed data in their account, but that no data had been exported. They also stated that the data in the Mailchimp account was only from an email campaign involving a few people

Coinbase halts operations in Japan, requests customers to withdraw holdings

1 year ago 1 min read

Coinbase, one of the world’s largest cryptocurrency exchanges, has announced that it will halt its operations in Japan. The company has asked its Japanese customers to withdraw any crypto and fiat holdings by February 16th, as it conducts a “complete review” of its business in the country. According to a blog post by Coinbase, after February 16th, any remaining crypto holdings will be converted to Japanese yen and sent to a Guaranty Account at the Legal Affairs Bureau in accordance with legal requirements. Customers will then need to coordinate with the Legal Affairs Bureau to retrieve their balance. Additionally, fiat

Silvergate Bank loses $1 billion amid crypto market turmoil

1 year ago 1 min read

Silvergate Capital Corp, a US-based cryptocurrency bank, has reported a $1 billion loss for Q4 2022, which it attributes to a “crisis of confidence” in the sector following several large bankruptcies. The bank’s shares fell 2.9% to $12.94 in after-hours trading, and have lost almost 90% of their value over the past year. The bank’s CEO, Alan Lane, said in a statement that while the bank is taking action to navigate the current environment, it believes in the digital asset industry and remains focused on providing value-added services for its core institutional customers. The bank has also laid off 40%

Seoul’s Metaverse Project Expands to Education and Tourism

1 year ago 1 min read

The Seoul government has taken a major step forward in the development of the metaverse by launching “Metaverse Seoul.” This public metaverse project, led by the city’s mayor, Oh Se-hoon, is designed to allow citizens to interact with virtual representatives of the government in order to handle civil complaints and consultations. The program, which is set to be open to the public in 2023, will include services such as a fintech lab, a corporate support center, and the city’s top 10 tourist attractions. It will reportedly also facilitate a youth mentoring counseling room, civil service counseling, and tax services. This

Iran and Russia propose gold-backed stablecoin

1 year ago 1 min read

The Central Bank of Iran and the Russian government are reportedly working together to jointly issue a new stablecoin backed by gold. According to Alexander Brazhnikov, executive director of the Russian Association of Crypto Industry and Blockchain, the stablecoin will be used as a payment method in foreign trade, enabling cross-border transactions instead of traditional fiat currencies like the US dollar, Russian ruble, or Iranian rial. This new cryptocurrency, referred to as a “token of the Persian Gulf region,” will reportedly operate in a special economic zone in Astrakhan, where Russia has already started accepting Iranian cargo shipments. However, the

The Bank of Thailand plans to allow virtual banks

Thailand’s Central Bank to Allow Virtual Banks by 2025

1 year ago 1 min read

The Bank of Thailand has announced plans to allow virtual banks to operate in the country for the first time. According to a report from Bloomberg, financial firms will be able to provide services by 2025. The central bank has published a “Consultation Paper on Virtual Bank Licensing Framework,” which states that applications for virtual banks to act as financial service providers will be available later in 2023. The move is aimed at increasing competition and boosting Thailand’s economic growth. The Bank of Thailand will issue three different licenses for interested companies by 2024, with at least 10 parties expressing

Scaramucci Invests in Crypto Startup Led by Ex-FTX US CEO

1 year ago 1 min read

SkyBridge Capital founder Anthony Scaramucci has announced that he will be investing in a new crypto company founded by the former president of FTX US, Brett Harrison. Scaramucci, who will be investing his own personal funds, stated in an email to Bloomberg that the crypto software company, which has yet to be named, will allow crypto traders to create algorithmic-based strategies to access different markets, both centralized and decentralized. Harrison has been seeking a fundraising target as high as $10 million for a $100 million valuation. In a tweet on January 14th, Scaramucci expressed his excitement to be an investor

Alameda liquidators suffer losses on Aave DeFi platform

1 year ago 1 min read

Alameda Research, a decentralized finance (DeFi) lending platform, recently experienced a significant loss of funds due to liquidation. According to crypto intelligence firm Arkham, the liquidators for Alameda Research were liquidated for a total of $72,000 from an on-chain position on the Aave platform. The incident occurred while the liquidators were attempting to consolidate funds from Alameda wallets into a single multi-sig wallet. In the process of exiting a borrow position on Aave, the liquidators removed extra collateral, putting the funds at risk of liquidation. As a result, the position was liquidated twice in a span of just nine days,

Squid Game Crypto Scammer Captured by Law Enforcement

1 year ago 1 min read

A journalist’s investigation has led to the discovery of the originators of the SQUID token scam, which used the name of the popular Netflix show Squid Game to trick people into investing in a cryptocurrency that had no connection to the show. The scam, which took place over one year ago, resulted in a financial loss of $16 million for its victims. Investigative technology journalist Janhoi McGregor and tech expert Ciaran O’Connor began their investigation by using a video of the scam, which was watermarked with the name of one of the suspects, as their starting point. They were able

SBF, former CEO of FTX, has denied allegations

Founder of FTX Sam Bankman-Fried: I Did Not Steal Money

1 year ago 1 min read

Sam Bankman-Fried, former CEO of FTX, has denied allegations against him in a recent post on Substack regarding the crypto exchange’s insolvency. In his post, Bankman-Fried claims that FTX US was “fully solvent” at the time of filing for Chapter 11 bankruptcy, with approximately $350 million in cash on hand. He also states that pressure from Sullivan & Crowell and the FTX US general counsel led to the naming of John Ray as CEO, potentially disrupting efforts to make affected users “substantially whole.” Bankman-Fried denies any involvement in the allegations that Alameda, a company under the FTX umbrella, used user

BONK Suffers 35% Price Decline

1 year ago 1 min read

The digital currency market has been on a roll in the past 24 hours, with the combined crypto market cap surging 3.38% to $884.61 billion. However, one coin that has not seen the same success is Bonk (BONK), a meme coin that has experienced a significant price slump. BONK’s current price is trading at $0.000001017, a 35.17% decrease in the past 24 hours. This makes it one of the top losers in the crypto market. The reasons for its decline can be attributed to its rapid growth at the beginning of the year, as well as a retail buying frenzy

Binance has received approval from the Swedish

Binance Secures Swedish Approval for European Expansion

1 year ago 1 min read

Binance, the world’s leading cryptocurrency exchange, has received approval from the Swedish Financial Supervisory Authority to operate as a financial institution in the country. This means that Swedish residents can now access Binance’s crypto services, including euro deposits and withdrawals. This approval is a significant step in Binance’s ongoing expansion in Europe. The exchange has already received approval from six other European Union member states, including France, Italy, Lithuania, Spain, Cyprus, and Poland. Despite the ongoing challenges faced by the Web 3.0 industry, Binance is continuing to expand its operations. The company plans to increase its headcount by 15% to