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

Binance recently conducted its 15th token burn, burning around 760 million Terra Luna Classic (LUNC) tokens.

Over 700 Million Terra Luna Classic Tokens (LUNC) Burned

6 months ago 1 min read

Binance crypto exchange recently conducted its 15th token burn, burning around 760 million Terra Luna Classic (LUNC) tokens. This move has raised questions about the potential effects on the token’s price, along with its relationship to the stablecoin USTC. Binance exchange has now burned around 40 billion LUNC tokens, with this latest burn being one of many in recent times. The exchange has been systematically reducing the supply of LUNC tokens by burning them. This process has been going on since September 30, 2023, when the exchange began burning a significant number of tokens, most of which come from trading

STARS ARENA CEO Resigns in the Aftermath of $3 Million Cyber Heist

CEO Leaves STARS ARENA Following $3 Million Cyber Attack

6 months ago 1 min read

Chill Pill, the CEO of Stars Arena, has officially stepped down from his role, signaling a change in the leadership of the social finance app operating within the Avalanche ecosystem. The resignation comes in the wake of recent security issues and a cyberattack that compromised millions of dollars worth of AVAX, Stars Arena’s native assets. The social finance app, which gained attention with its launch in September, has encountered several challenges that have left its user base concerned. These challenges mainly revolved around security problems, including system glitches and a cyberattack in October that resulted in the theft of around

FTX and Alameda Research Offload $13.35 Million

FTX and Alameda Research Liquidate $13.35 Million in Assets

6 months ago 2 mins read

Over the past 24 hours, addresses linked to FTX and Alameda Research have collectively transferred $13.35 million worth of assets to the crypto exchange Binance via Wintermute Trading. This move follows their approval in late September 2023 to actively liquidate assets. An on-chain tracker called Lookonchain reported that the last deposits made by FTX and Alameda Research included COMP, the governance token of Compound, and RNDR, the native token of Render, on October 26. This indicates that the two entities are indeed proceeding with their asset liquidation process. The price of COMP has remained relatively stable at current rates, hovering

A technical indicator for Shiba Inu (SHIB) has recently triggered a buy signal, as pointed out by crypto analyst Ali Charts on X, formerly Twitter.

One of Shiba Inu’s (SHIB) key technical indicators shows a buy signal: will SHIB rally?

6 months ago 1 min read

A technical indicator for Shiba Inu (SHIB) has recently triggered a buy signal, as pointed out by crypto analyst Ali Charts on X, formerly Twitter. Ali Charts conducted an analysis of SHIB’s TD Sequential indicator on a weekly chart. This particular indicator is used to gauge the timing of potential trend reversals and exhaustion. The TD Sequential indicator functions by tracking an asset’s price action over a sequence of nine candlesticks. When it reaches 9 during a downtrend, a buy signal is generated. Conversely, if it reaches 9 during an uptrend, it signals a potential sell-off. According to Ali, SHIB’s

Bitcoin Price Surge Results in $400 Million Worth of Liquidations in Just One Day

Bitcoin Price Rally Leads to Over $350 Million in Liquidations

6 months ago 1 min read

The recent surge in Bitcoin’s price was no exception, and it led to some dramatic developments, including massive liquidations. The moment came when a single Bitcoin liquidation order hit the market, and it was valued at an astonishing $9.98 million. This occurred in the BTCUSDT trading pair, and it’s a vivid example of the high-stakes nature of cryptocurrency trading. Over the past 24 hours, a total of 94,168 traders faced liquidation across the entire crypto market. That’s a substantial number of individuals and entities who found themselves in a tight spot due to the market’s volatility. Data from CoinGlass reveals

European Union Lawmakers Encounter Obstacles in Defining AI Rules

European Union Lawmakers Face Obstacles in Defining AI Rules

6 months ago 1 min read

EU lawmakers are currently facing challenges in reaching an agreement on new rules pertaining to artificial intelligence (AI). As of now, consensus remains elusive, and crucial decisions on AI regulations may be deferred until December, according to sources familiar with the situation. The proposed AI rules require approval from both the European Parliament and member states within the European Union. These rules have already undergone three rounds of discussion in trilogies, which are meetings aimed at finalizing the legislative texts through negotiations between the European Parliament and EU member states. The delay in reaching an agreement on AI regulations underscores

The European Central Bank (ECB) has advanced to the next phase of its digital euro project

The European Central Bank (ECB) to move on with digital euro project in November

6 months ago 1 min read

The European Central Bank (ECB) has advanced to the next phase of its digital euro project, laying the groundwork for its potential issuance. The decision comes after a two-year investigation into the design and distribution of the digital euro. The preparation phase, starting in November 2023 and lasting for two years, involves finalizing a rulebook and selecting providers for the currency’s platform and infrastructure. This phase will focus on developing a digital euro that meets both the Eurosystem’s requirements and user needs. However, it’s essential to note that this development doesn’t signify the immediate issuance of a digital euro. The

A false report claiming BlackRock's approval of a Bitcoin ETF, sent shockwaves through the market, resulting in a loss of over $65 million.

Crypto Market Loses $65 Million Amidst Fake BlackRock ETF Reports

6 months ago 1 min read

Misinformation is not new in the crypto market. But, when it happens, it wipes out a large amount of money. A false report claiming BlackRock’s approval of a Bitcoin ETF, sent shockwaves through the market, resulting in a loss of over $65 million. Bitcoin’s price soared from a stable $27,900 to nearly $30,000, all driven by the exciting, albeit misleading, reports. The aftermath was brutal. Bitcoin’s value dropped to around $28,000. Traders who had ridden the wave of optimism found themselves facing the reality of liquidation. Data from Coinglass revealed that this short crypto rally’s reversal led to a total

Binance crypto exchange announced it listed NTRN (Neutron)

Binance Announces It Listed NTRN (Neutron) In Margin Transactions

6 months ago 1 min read

Binance crypto exchange announced it has added a new asset to its margin trading offerings. The crypto exchange listed NTRN (Neutron), which is now available for borrowing on the Margin platform. This expansion not only includes the introduction of NTRN as a borrowable asset but also introduces new trading pairs on both cross and isolated margin. New Cross Margin and Isolated Margin Pair: NTRN/USDT This movement is expected to bolster the trading options accessible to Binance users, diversify their investment, and open up opportunities for strategic margin trading with NTRN. Margin trading is a favored strategy in the crypto market,

The Shiba Inu (SHIB)

Shiba Inu (SHIB) Token Burn Rate Surges 100% After Shytoshi Kusama’s Positive Remarks

7 months ago 2 mins read

The Shiba Inu (SHIB) successfully burned a significant number of tokens in the past 24 hours. This burning spree involved moving SHIB tokens to inaccessible wallets, effectively reducing the circulating supply. The sudden surge in burning activity followed a bullish statement from Shytoshi Kusama, the lead developer of SHIB, which breathed new life into the token. Earlier in the week, the SHIB token faced a negative burn rate, indicating a lack of burning activity. However, after Shytoshi Kusama’s positive remarks about the token’s price, the burn rate skyrocketed by more than 100%. According to data recently shared by Shibburn, a

Bitcoin Stuck at $28,000: What's Next for BTC?

Bitcoin Stuck at $28,000: What’s Next for BTC?

7 months ago 1 min read

The upward march of Bitcoin’s (BTC) price encountered a roadblock last week, as it failed to secure a close above the $28,000 mark. Since reaching a peak of $28,580 on October 2, the world’s leading cryptocurrency has been navigating within a horizontal trading range. Now, the question on everyone’s mind is, where does Bitcoin go from here? The analysis of the weekly timeframe provides insights into Bitcoin’s recent price movements. Starting from the week of September 11th, the cryptocurrency embarked on an upward trajectory. During this ascent, it solidified the $25,300 level as a dependable support, demonstrating its resilience. Two

Yuga Labs, a leading NFT developer, has announced plans to streamline its workforce and refocus on core projects.

Yuga Labs announces plans to streamline its workforce and refocus on core projects

7 months ago 1 min read

Yuga Labs, a leading NFT developer, has announced plans to streamline its workforce and refocus on core projects. The decision to restructure was outlined in an email from CEO Daniel Alegre on October 6, who explained the need to adapt to the current market conditions. Alegre acknowledged that the company had taken on numerous projects, some of which extended beyond their expertise and stretched their resources thin. He noted, “I realized very quickly that there were a number of projects that, while well-intentioned, either spread the team too thin or required execution expertise beyond our core competencies.” While the exact

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