Judith Faith, Author at Optimisus

Tron DAO’s unexpected transfer of $65 million in Bitcoin sparks intrigue across crypto circles

May 13, 2024 1 min read

Tron DAO sent $65 million of Bitcoin to an unknown organization, shocking the cryptocurrency community. Whale Alert reported that 1,000 BTC was transferred from a Tron DAO account to “16aFk,” an unnamed wallet. The recipient’s wallet was connected to Huobi, a prominent crypto exchange, deepening the mystery. This created more Bitcoin purpose and destination doubts. The identical Bitcoin transferred across Huobi wallets before reaching “1Fbsri.” These transfers have raised questions

Ripple suggests imposing a $10 million charge as a countermeasure to the SEC's proposition of $2 billion in sanctions

Ripple faces the US SEC in court, challenging a hefty $2 billion penalty as the case nears conclusion

May 9, 2024 1 min read

The legal conflict between Ripple and the SEC approaches a critical juncture with the presentation of final arguments. Ripple suggests imposing a $10 million charge as a countermeasure to the SEC’s proposition of $2 billion in sanctions, highlighting the comparatively lesser penalties imposed on BlockFi and Genesis Global. Ripple contends that the fine imposed by the SEC is excessive and lacks proportionality with regard to settlements as opposed to judgments.

Wormhole’s W token surges by over 8% amidst crypto market decline

April 29, 2024 1 min read

Wormhole’s native token (W) rose by over 8% to $0.6346 in 24 hours despite the crypto market’s fall. This rise raised Wormhole’s market worth to $1.14 billion, placing it 73rd in the cryptocurrency rankings. W trade volume rose 72% to $164 million. Last day, Wormhole traded between $0.5788 and $0.671. Despite these advances, Wormhole remains 60% behind its April 3, 2024 high of $1.61. Wormhole was $0.6361 at press time.

Hong Kong is poised to approve spot bitcoin and ether exchange-traded funds (ETFs) as soon as next week

Hong Kong may soon approve major bitcoin and ether ETFs, reports suggest

April 13, 2024 1 min read

Hong Kong is poised to approve spot Bitcoin and Ether exchange-traded funds (ETFs) as soon as next week, with HashKey anticipated to be among the initial recipients of approval. The company recently enhanced its license with the Securities and Futures Commission (SFC), granting it the authority to oversee digital asset products for retail investors. HashKey has formed a partnership with Bosera International to promote the development and expansion of specific

SWIFT completes pivotal CBDC test, paving the way for global digital currency integration

March 26, 2024 1 min read

SWIFT has successfully concluded its second testing phase for Central Bank Digital Currencies (CBDCs), with a specific emphasis on digital ledger technology (DLT) and smart contracts. The six-month trial demonstrated the capacity of the SWIFT connector to link together existing CBDC networks without the need to create a new digital currency. The connector leverages Distributed Ledger Technology (DLT) and smart contracts to guarantee precise and uniform transaction records, offering possible

Genesis Global has agreed to pay $21 million in civil penalties

Genesis Global will pay a $21 million in civil penalty to settle US SEC charges

March 21, 2024 1 min read

Genesis Global has agreed to pay $21 million in civil penalties for engaging in the unregistered offer and sale of securities through the Gemini Earn program. The US Securities and Exchange Commission (SEC) criticized Genesis for offering up a retail crypto lending product without registering it first, a move that was seen as a violation of the Securities Act of 1933. The SEC’s Chair, Gary Gensler, emphasized the importance of

Binance to remove trading pairs that include TrueUSD (TUSD) of Justin Sun

March 15, 2024 1 min read

Binance exchange has announced the removal of many trading pairings that include TrueUSD (TUSD), a stablecoin associated with Tron creator Justin Sun. The decision to delist certain pairings is part of Binance’s normal assessment process to protect user safety and preserve the integrity of the trading ecosystem. The delisting of spot trading pairs is mostly caused by insufficient liquidity and trading volume. Nevertheless, the crypto exchange has made it clear

Memecoins DOGE, PEPE, WIF maintain a bullish trend amid market positive momentum

March 14, 2024 1 min read

The crypto market is now seeing a significant increase, as Bitcoin has surpassed the $73,700 level and Ethereum is approaching the $4,100 benchmark. This milestone establishes the conditions for future price movements in light of the impending Bitcoin halving. Memecoins, renowned for their unpredictable but very profitable characteristics, have also been attracting considerable interest. Dogecoin (DOGE), the original memecoin, has seen over 6% surge in value during the last 24

Polygon (MATIC) is gaining popularity owing to a huge rise in active addresses, a critical indicator that measures user involvement.

MATIC’s active addresses increases by over 60% in the previous 30 days

March 8, 2024 1 min read

Polygon (MATIC) is gaining popularity owing to a huge rise in active addresses, a critical indicator that measures user involvement. The number of MATIC’s active addresses has increased by over 60% in the previous 30 days, hitting 15,708 on March 3rd. Additionally, this shows an increasing interest in and acceptance of the Polygon Network. Historical data indicates a significant association between the increase of active addresses and MATIC’s price, with

Charles Hoskinson publicly refutes rumors of leaving Cardano

March 7, 2024 1 min read

Charles Hoskinson, CEO of IOHK and the visionary behind Cardano, has reiterated his commitment to the blockchain platform, claiming that his involvement with the Midnight project and the prospect of implementing a multi-chain strategy are unrelated to his resignation. Hoskinson’s remark, “The answer is no,” highlighted the hard work of hundreds of IOG engineers and scientists working on Cardano. This move is timely as the blockchain industry evolves, with initiatives

Nigerian authorities issue a final warning to Binance CEO Richard Teng

March 5, 2024 1 min read

Nigerian authorities have reportedly issued a final warning to Binance CEO Richard Teng, demanding his presence before the House of Representatives Committee on Financial Crimes by March 4. This comes after Binance settled with the U.S. Department of Justice for money laundering and agreed to a $4.3 billion fine. The committee is investigating Binance for alleged financial crimes, including money laundering and supporting terrorism. Failure to comply could lead to

Binance Coin (BNB) price reaches $400, marking a significant rebound despite Binance’s legal issues

February 27, 2024 1 min read

Binance, the world’s largest crypto exchange, has seen its native crypto, BNB coin breaking the $400 mark for the first time since May 2022, surging by over 3%. This comes despite facing legal issues in the US. Trying to solve the issue, the exchange agreed to a $4.3 billion plea deal. This hefty sum was paid to address charges related to anti-money laundering and sanctions violations. In addition, Binance‘s legal

Author: Judith Faith

Article written by Judith Faith