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

12 Individuals Hold the Power to Determine Sam Bankman-Fried’s Fate

6 months ago 1 min read

A diverse group of 12 individuals will play a pivotal role in determining the outcome of the case involving former FTX CEO Sam Bankman-Fried. During the jury selection process, each potential juror had a moment to introduce themselves, sharing details about their backgrounds, ages, occupations, education, relationship status, and whether they have children. Notably, one prospective juror mentioned that his wife had worked for a law firm that had provided services to FTX in the past, although it remains unclear whether he was ultimately selected. Another prospective juror was excused from the selection process after disclosing her affiliation with a

Judge Rejects SEC’s Bid to Appeal Ripple (XRP) Ruling

6 months ago 1 min read

In a recent development in the Ripple case, the judge has turned down the SEC’s request to appeal the recent victory secured by Ripple. Judge Analisa Torres made this decision on October 3, 2023. Furthermore, the SEC’s plea for a postponement was also dismissed as unnecessary. The scheduled hearing is set to take place on April 23, 2024, starting at 9:00 AM. In the court’s pretrial scheduling order, several important deadlines have been established: This ruling stands as a significant victory for Ripple in its ongoing legal battle with the SEC.

Bitcoin’s Price Dips Below $28K as Traders Take Profits

6 months ago 1 min read

Bitcoin (BTC) faced a downward turn as it slipped below the $28,000 mark during early trading on Tuesday. This decline came just hours after the crypto crossed this threshold at the beginning of the week. Profit-taking and shifting on-chain metrics played a role in halting the recent upward momentum in BTC’s price. During Asian trading hours on Tuesday, BTC was trading at slightly over $27,600. Over the past 24 hours, Ether (ETH) has also experienced a decline of 3.5%, especially following a lackluster first day of trading for ETH futures ETFs in the United States. Additionally, XRP and BNB Chain’s

Bitcoin Soars to $28,000, Ethereum Reaches $1,750

7 months ago 0 mins read

In a sudden and impressive move, Bitcoin has surged to the $28,000 mark, marking a rapid 3% increase within minutes. This price spike has had a positive impact on other cryptocurrencies, causing them to rise as well. Ethereum, one of the leading altcoins, has seen daily gains of 3% as well, with its price reaching $1,750. Currently, the fear and greed index stands at a “neutral” level, with a score of 48 points. Moreover, it appears that the recent price surge has led to the liquidation of a $30 million short position, adding to the market’s dynamics.

Ripple Abandons Plan to Acquire Fortress Trust But Retains Investment

7 months ago 1 min read

In a surprising twist of events, Ripple has decided to back out of its intended acquisition of Fortress Trust, a chartered trust company based in Nevada. This decision comes just 20 days after Ripple initially announced its plans to acquire the company. Ripple’s CEO, Brad Garlinghouse, took to Twitter to share the news. He stated that Ripple had chosen not to proceed with the full acquisition but emphasized that the company would still maintain its investment in Fortress Trust. Ripple had initially expressed its intention to acquire Fortress Trust and use its payment technology for FortressPay. The relationship between Ripple

FTX Founder Sam Bankman-Fried to Face 6-Week Trial

7 months ago 1 min read

Former FTX CEO Sam Bankman-Fried is facing a criminal trial that’s set to span at least 21 days, according to a trial calendar recently made public. The trial is scheduled to kick off on October 4 and conclude on November 9. The trial calendar, released on September 28, outlines the proceedings, starting with jury selection on October 3. The official trial commences on October 4, during which Bankman-Fried will face seven fraud charges, with two being substantive charges requiring the prosecution to prove his guilt and five conspiracy charges alleging that he planned to commit the crimes. The trial spans

Meta Unveils Personality-Driven AI Chatbots for Messenger

7 months ago 2 mins read

Meta, the parent company of Facebook, has revealed its latest innovation in the world of AI chatbots. These chatbots are designed to have distinctive personalities and specialize in various subjects, ranging from providing holiday recommendations to offering cooking advice. This move is part of the ongoing competition among tech companies to develop more accurate and personalized artificial intelligence. The chatbots, which are still a work in progress, aim to enhance virtual interactions by adding a human-like touch. However, Meta CEO Mark Zuckerberg acknowledged that there are limitations to these chatbots’ capabilities. During an event in California, Zuckerberg discussed the remarkable

Reddit Plans to Reward Users for Popular Posts

7 months ago 1 min read

Reddit has announced a new initiative to pay its top contributors for popular posts, marking a significant change for the platform. This move comes after a backlash in June when parts of Reddit were inaccessible due to protests against senior management decisions. While most groups have returned to the platform, some notable absences remain, such as the subreddit dedicated to transcribing images for visually impaired individuals. The payment system revolves around Reddit’s “gold” awards, which users can give to posts or comments they particularly like. These gold awards will now have real-world value, ranging in price from $1.99 to $49.

Binance to Support Celo (CELO) Network Upgrade and Hard Fork

7 months ago 1 min read

Binance, one of the world’s top cryptocurrency exchanges, has confirmed its support for the upcoming Celo (CELO) network upgrade and Hard Fork. The exchange’s announcement regarding this event is as follows: This upgrade is scheduled to take place at approximately 17:15 on September 26, 2023, at block height 21,616,000. To prepare for this significant event, the ability to deposit and withdraw tokens associated with the Celo network will be temporarily halted, starting from 19:15 on September 26, 2023. It’s important to note that trading activities involving these tokens will not be affected during this period. Binance is fully prepared to

Shibarium Achieves Impressive Milestone: Is a Shiba Inu (SHIB) Price Surge on the Horizon?

7 months ago 1 min read

The Layer-2 network known as Shibarium has achieved a remarkable feat, processing over three million transactions in less than a month. The Shiba Inu team has hinted at upcoming developments that are taking place “behind closed doors.” These developments are expected to further demonstrate Shibarium’s strength and stability in the near future. Shibarium’s Rapid User Adoption Following some initial launch challenges, the network has shown significant improvements in various key metrics. In the first week after the relaunch, the protocol saw engagement from over one million wallets, and this number has now grown to 1.25 million, as per the latest

Concerns Rise as Huobi Global’s stUSDT Investments Reach $1.8 Billion

7 months ago 2 mins read

Huobi Global finds itself facing risks as investments in the staked USDT (stUSDT) project surge to $1.8 billion. Spearheaded by crypto entrepreneur Justin Sun, the stUSDT project offers a promising 5% return linked to low-risk securities, such as government bonds. However, a recent Bloomberg report has raised concerns about Huobi’s extensive involvement in the project. These concerns revolve around the exchange’s ability to manage sudden fund outflows and the transparency of its reserves. The report sheds light on how Huobi’s close affiliation with the stUSDT project has brought about a significant shift in the exchange’s crypto reserves. This transformation, combined

100 Million XRP Transferred to Ripple Wallet: What’s Behind the Move?

7 months ago 2 mins read

Recently, crypto data tracker Whale Alert reported a notable transfer of XRP, a digital asset closely associated with Ripple, to a Ripple wallet. Here’s what we know: In the past 24 hours, a substantial amount of XRP—specifically, 100 million tokens valued at nearly $50 million—has been on the move. These tokens were transferred from an unidentified wallet to one linked with Ripple, the blockchain company behind XRP. While the exact motive behind this significant transfer remains shrouded in mystery, some theories have emerged. One possibility is that this transfer represents a wallet restructuring, where assets are shuffled between wallets for