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.

Articles by Judith Faith

Will Ethereum (ETH) Make History on its 8th Anniversary with $2K Price?

Ethereum’s 8th Anniversary: Can ETH Reach $2K?

9 months ago 2 mins read

As Ethereum (ETH) celebrates its eighth year on July 30, the crypto community is abuzz with excitement and anticipation. Over the past eight years, Ethereum has achieved remarkable milestones, cementing its position as the leading altcoin in the crypto market and emerging as the most active blockchain. With a vibrant ecosystem boasting over 1.6 million weekly active users and a staggering $226 billion market cap, Ethereum’s eighth anniversary is poised to be a memorable event, with expectations of significant price movements. Ethereum’s journey began on July 30, 2015, with the launch of its blockchain, aptly named the Frontier. Since then,

South Korea is taking steps to enhance its crypto regulatory framework to tackle the increasing number of crypto-related crimes

South Korea Takes Stricter Stance on Crypto: LEI Implementation and Crime Unit Establishment

9 months ago 1 min read

South Korea is taking steps to enhance its crypto regulatory framework to tackle the increasing number of cryptocurrency-related crimes and safeguard investors. In a recent report, it was announced that an interagency investigation unit, the Joint Investigation Centre for Crypto Crimes, has been established to crack down on illicit activities in the virtual asset market. Concurrently, the Korea Securities Depository has partnered with Code to encourage the use of Legal Entity Identifier (LEI) in the crypto market, promoting transparency and accountability. The Joint Investigation Centre for Crypto Crimes, led by the Seoul Southern District Prosecutors Office, is a joint effort

Terra Luna Classic (LUNC) community is taking steps to restore 800 million malfunctioning stablecoin Terra Classic USD (USTC).

800 Million USTC Burn: How LUNC Community Addresses Kwon’s Missteps

9 months ago 2 mins read

The embattled Terra Luna Classic (LUNC) community is taking steps to restore 800 million malfunctioning stablecoin Terra Classic USD (USTC). The colossal amount of USTC was initially sent to Ozone Protocol by Do Kwon, the controversial founder of Terra blockchain. In an effort to rectify the situation, a community member named Vegas Morph has presented a governance proposal, urging the LUNC community to vote on returning the funds to the Terra community pool. In a Medium post titled “Return 800 million USTC, Now,” Vegas Morph outlines the reasons behind the proposal and calls for action from the LUNC community. If

Bitcoin (BTC) experienced a sudden decrease.

Why Did Bitcoin (BTC) Drop?

9 months ago 1 min read

As the crypto market enters the week of the Federal Reserve’s interest rate decision, Bitcoin (BTC) experienced a sudden decrease. Within a one-minute timeframe, Bitcoin’s price plummeted by $700, bringing it closer to the critical $29,000 level once again. This unexpected dump raised concerns and nervousness among investors, who were closely monitoring the cryptocurrency’s performance. At present, the cause of the drop remains unknown, and there is no specific news source attributed to it. However, what’s evident is that the rapid decline triggered a significant surge in liquidations. Within the same one-minute period, approximately $30 million worth of positions in

Dogecoin (DOGE) witnessed a 5% surge

Dogecoin Surges By 5% Following Twitter Rebranding, While Bitcoin Dips to $29K

9 months ago 1 min read

Dogecoin (DOGE) witnessed a 5% surge in response to Twitter’s rebranding announcement on Monday 24, 2023, while bitcoin (BTC) slightly dropped below $29,100. The rebranding move by Elon Musk’s Twitter is part of the company’s transition to X Corp or X.AI, a division of Musk’s AI-focused group of firms known as X. Further, the world’s richest man added dogecoin’s ticker logo to his bio, sparking speculation about the most meme crypto playing a more prominent role in the rebranded company. However, amidst the excitement surrounding DOGE’s potential involvement, the Bitcoin market experienced a liquidation event. Over $30 million representing over

Australia has taken significant action by canceling the license of FTX Australia

Australian Regulator Cancels FTX Australia’s License Amidst Crypto Exchange Turmoil

9 months ago 2 mins read

The Australian financial services regulator, the Australian Securities and Investments Commission (ASIC), has taken significant action by canceling the license of FTX Australia, the local unit of the embattled crypto exchange. This move comes amidst the bankruptcy woes of the crypto platform, creating uncertainty in the Australian crypto market. On 19th July, ASIC issued a press release announcing the cancellation of FTX Australia’s Australian Financial Services (AFS) license. However, the regulator has allowed FTX Australia to continue providing limited financial services until 12th July 2024, specifically to wrap up its client interactions. The entity is also required to work towards

FTX Files $1B Lawsuit to Reclaim Assets from Sam Bankman-Fried and Others

FTX Files Lawsuit Against Sam Bankman-Fried and Ex-Executives Seeking to Recover $1 Billion

9 months ago 2 mins read

FTX has taken legal action against its former CEO, Sam Bankman-Fried, and several other key executives from the now-bankrupt crypto exchange. The lawsuit aims to recover more than $1 billion in allegedly misappropriated funds. The complaint, filed in a United States Bankruptcy Court on July 20, names Caroline Ellison, former Alameda Research CEO, Zixiao “Gary” Wang, FTX co-founder, Nishad Singh, former FTX engineering director, and Bankman-Fried as defendants. The lawsuit claims that the former executives breached their fiduciary duties by continuously misappropriating customer funds. According to FTX, these funds were used to finance luxury condominiums, political and so-called “charitable” contributions,

Chinese Police Bust $55 Million Tether Money Laundering Scheme, Arrest 21 Suspects

Chinese Authorities Crack Down on $55 Million Tether Money Laundering Ring

9 months ago 2 mins read

In a major crackdown on financial crimes, Chinese authorities have apprehended 21 members of a significant Tether money laundering ring. The ring was involved in processing a staggering 380 million yuan ($55 million) in USDT across four provinces. The operation came to light in April when an abnormal flow of funds was detected in the bank account of a resident named Mouyue Zhao in Qinshui County. An extensive investigation led the police to discover an organized group running a USDT over-the-counter (OTC) trading ring, assisting criminals in laundering illegal funds. In April, authorities in Qinshui County stumbled upon suspicious activity

A wallet address containing pre-mined Ethereum tokens awakened after 8 years

Long-Forgotten Ethereum Whale With $116M in ETH Awakens After 8 Years

9 months ago 2 mins read

A wallet address containing pre-mined Ethereum tokens, valued at $116 million, has recently sprung back to life after lying dormant for eight years. The entire stash of 61,216 Ether was moved to a Kraken exchange wallet address, marking a significant event in the crypto world. In June 2014, Ethereum conducted a sale event that allowed early team members and co-founders to accumulate pre-mined Ether. At that time, the network was unable to generate tokens independently, making this event crucial for the project’s development. The Ether was acquired when the token traded in the range of $300 to $400, meaning the

BTC Slides Below $30K

Bitcoin Plunges Below $30K, Hits Lowest Level Since June as Altcoins Trim XRP Lawsuit-Induced Gains

9 months ago 1 min read

The cryptocurrency market experienced a pullback following last Thursday’s impressive gains, with Bitcoin and altcoins facing notable declines. After touching new highs, the market is now seeing some corrections. Additionally, we’ll examine how altcoins have been affected and explore the performance of Lido Finance’s governance token, LDO. Bitcoin, the leading cryptocurrency, slipped approximately 2% in the past 24 hours, falling to $29,834. Although experiencing a pullback, Bitcoin remains resilient, bouncing modestly at press time to $30,025. Ether, the second-largest cryptocurrency by market cap, also recorded a 2% decline over the same period, dropping to $1,880. While both cryptocurrencies have retreated

USTC has witnessed an impressive 58% rally

USTC Witnesses Nearly 60% Rally

9 months ago 1 min read

The value and popularity of TerraUSD Classic (USTC), the algorithmic stablecoin of the Terra Classic (LUNC) ecosystem, have witnessed a remarkable surge recently. This surprising rally has piqued the interest of investors and cryptocurrency enthusiasts alike, leading to a surge in trading volume and rising confidence in this stablecoin. USTC’s value has experienced a sudden surge, indicating a significant rise in demand and demonstrating the market’s growing confidence in the stablecoin. Coingecko data shows USTC trading at $0.0186, with a 24-hour increase of 21.4%. Over the last seven days, USTC has witnessed an impressive 58% rally, fueling its trading volume

Binance CEO Changpeng Zhao (CZ) dismissed the layoff news as FUD

Binance CEO Dismisses Layoff Allegations as FUD Amidst Talent Concentration Efforts

9 months ago 1 min read

Binance, a prominent cryptocurrency exchange, has been at the center of attention following allegations of significant layoffs. According to a report by the Wall Street Journal (WSJ), the exchange allegedly laid off over 1,000 employees. In response, Binance CEO Changpeng Zhao (CZ) dismissed the news as FUD (Fear, Uncertainty, and Doubt), stating that the reported figures are inaccurate. The WSJ report claimed that Binance had laid off more than 1,000 employees, triggering concerns and speculation about the exchange’s stability. CZ addressed these allegations by describing them as FUD and emphasizing that involuntary layoffs are a common occurrence in companies striving

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