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. She is passionate about helping to foster the growth of the industry and believes in the power of blockchain technology to revolutionize the world.

Articles by Judith Faith

Coinbase Backs Efforts to Remove Tornado Cash Restrictions in Court

2 months 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

Brazilian Investment Bank BTG Pactual Unveils New Dollar-Backed Crypto

2 months 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 Asks Crypto Clients to Close Their Accounts by April 5

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

2 months 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

ARK Invest bets big on Coinbase with $18M purchase during price decline

2 months ago 1 min read

Cathie Wood’s Ark Invest recently purchased 268,928 Coinbase shares as the price of the cryptocurrency exchange’s shares tumbled following the Wells notice from the US Securities and Exchange Commission (SEC). The investment firm sold 160,887 Coinbase shares from its Fintech Innovation ETF before buying more shares through its ARK Innovation ETF and ARK Next Generation Internet ETF. Ark Invest spent $20.5 million to buy the shares, and by March 22, the value had spiked to close to $30 million. The firm sold 160,887 shares from the ARKF ETF for $13.5 million and acquired another 268,928 Coinbase shares worth $17.88 million

Do Kwon to Face Extradition Hearing in Montenegro for Criminal Charges, According to AFP

2 months ago 1 min read

Do Kwon, the founder of Terraform Labs, has been charged with forgery in Montenegro, according to a report by AFP. Kwon is due in court on Friday for extradition proceedings, after being arrested at Podgorica airport along with another individual. The charges come in the aftermath of the collapse of stablecoin terraUSD, which caused widespread concern in the crypto markets last year. Kwon has been on the run ever since, and his arrest in Montenegro marks a significant development in the ongoing investigation into the incident. According to Montenegro’s police, a criminal complaint has been filed against Kwon and the

Crypto Market Reacts to Latest Fed Announcement of 25 Basis Point Interest Rate Increase

2 months ago 1 min read

On March 22, the Federal Reserve announced its ninth quarter percentage points rate hike in March 2022 in its ongoing fight against inflation. Chairman Jerome Powell cautioned about the recent banking crisis and hinted that the hikes might be coming to an end. The Federal Open Market Committee stated that future rate hikes are dependent on incoming data, and the committee anticipates additional policy firming to reach a stance of monetary policy that will return inflation to 2 percent over time. Although Powell suggested that the Fed may be considering the end of the rate hike, he stressed that the

Scammers target Arbitrum community with fraudulent airdrops

2 months ago 1 min read

The Ethereum layer-2 scaling solution, Arbitrum, is set to launch an airdrop of its governance token “ARB” on March 23. However, scammers have already started targeting the community with hundreds of phishing scams. The community has raised concerns about fraudulent airdrops aimed at tricking crypto users. The Arbitrum Foundation announced the airdrop on March 16, which will see 10 billion governance tokens distributed to holders to vote on code changes. The development has led to scammers setting up fake token airdrops with the intention of stealing funds from unsuspecting victims. Blockchain security firms Redefine and CertiK have warned about the

Taiwan’s Financial Watchdog Set to Regulate Crypto Markets

2 months ago 1 min read

In a recent statement, Taiwan’s FSC Chairman Huang Tian-mu confirmed that the regulatory body will oversee the country’s cryptocurrency market. This comes as Taiwan strengthens its crypto regulations, with the FSC taking responsibility for regulating cryptocurrency payments and transactions. The FSC will focus on ensuring trading platforms separate crypto assets from those owned by their clients, while also supervising the platforms’ product listings and customer protection measures. Huang noted that the FSC will soon make a formal announcement and will also discuss self-regulating guidelines with domestic crypto platforms. Taiwanese lawmakers have been calling for a central agency to regulate the

Bitcoin Surges to $28k Amidst Banking Uncertainty

2 months ago 1 min read

Bitcoin, the leading cryptocurrency, saw a significant surge in value on March 19, surpassing the $28,000 zone with a 16% boost in value in the past seven days. At the time of writing, Bitcoin was trading at $28,063, indicating a 2.4% increase in the past 24 hours. The price of Bitcoin hit its highest point at $28,459 during the day before trading at $26,877 during the day’s low. The cryptocurrency gained over 37% against the US dollar this week, with a market capitalization increase of $194 billion in 2023, representing a 66% gain year-to-date. Bitcoin has outperformed Wall Street banks

Zero Downtime, 10 Years Strong: Bitcoin’s Uninterrupted Performance

2 months ago 2 mins read

Bitcoin (BTC) has reached an incredible milestone that cements its place in financial history. The cryptocurrency has now been running non-stop for a decade without any downtime. This is a remarkable achievement, as it shows that the network is incredibly reliable and can operate continuously, 24 hours a day, seven days a week. The milestone was discovered through data retrieved from BitcoinUptime, shared by Reddit user Tasigur1 on March 17. According to the data, Bitcoin has run continuously for 3,650 days, making it a remarkable achievement for the cryptocurrency. Since its inception in 2009, the Bitcoin network has suffered two

Polygon and Salesforce Collaborate to Launch Innovative NFT Management Platform

2 months ago 1 min read

Salesforce, the leading CRM software company, has partnered with Polygon blockchain to add NFTs to their suite of tools. This move marks another significant win for Polygon, which has already established partnerships with Starbucks, Reddit, and other big names. According to independent researcher Mike Sonders, Salesforce is the biggest SaaS company on a U.S. stock exchange. The partnership with Polygon will help Salesforce clients create token-based loyalty programs. The move follows a successful pilot program that involved Mattel and Crown Royal. While many top SaaS companies are exploring the NFT sandbox, there is likely more than meets the eye in