The highly anticipated trial of disgraced FTX founder Sam Bankman-Fried (SBF) has not gone well for the former billionaire. The U.S. Department of Justice (DOJ) is leading the prosecution, portraying Bankman-Fried as a central player in a fraudulent scheme. Key testimonies, especially those from FTX’s current leadership, have proven particularly damaging.Gary Wang, FTX co-founder, confessed […]
The Sam Bankman-Fried trial began on October 4th, with the United States Department of Justice (DOJ) and the former FTX CEO’s defense presenting their arguments to the 12-person jury. The DOJ accused Bankman-Fried of deliberately lying to investors to enrich himself and expand his crypto empire, while the defense argued that he was a young […]
Gary Wang, co-founder of FTX, revealed more details of Alameda Research’s corrupt relationship with his exchange during Sam Bankman-Fried’s fraud trial on Friday. Wang claimed that the function required for Alameda to steal client funds had been baked into FTX’s computer systems back in 2019. Alameda was granted three special privileges at FTX compared to […]
Tron, a platform for deploying smart contracts and running decentralized applications (dapps), is rapidly growing its daily active addresses (DAA). According to Token Terminal, Tron has over 1.9 million DAA, more than twice those in the BNB Chain, which stood at 915,000. Ethereum and Polygon had 320,000 and 301,000 respectively, trailing Bitcoin, which had 570,000 […]
Kraken, a prominent virtual currency exchange network, has declared its intention to acquire Coin Meester B.V. (BCM), a respected crypto broker based in the Netherlands. This strategic acquisition aims to cement Kraken’s foothold in the European region while enhancing compliance with the changing regulatory climate.BCM was established in 2017 and has already listed 170 different […]
Friend.tech, a decentralized social media platform built on the Base, the Ethereum layer-2 scaling solution backed by Coinbase, has generated more fees and revenue than Bitcoin. This transactional platform allows users to move value, and on October 6, it generated $28.6 million in fees, above Bitcoin’s $26.8 million. Base periodically bundles transactions and confirms them […]
Solana Compass recently provided insights into the latest Solana (SOL) network activity during its 512 epoch. An estimated 19.637 million SOL tokens were unstaked, valued at approximately $449 million. After accounting for staked tokens, the net unstaking volume was 16.516 million SOL, valued at around $380 million. Prominent entities, such as Andreessen Horowitz (a16z), significantly […]
The Canadian Securities Administrators (CSA) has provided guidance to the trading of stablecoins on crypto exchanges in the country. The update comes months after major exchanges, including Binance, halted operations in the country due to regulatory developments.The CSA has acknowledged that stablecoins, which it terms as “value-referenced crypto assets,” may constitute securities or derivatives. The […]
Sam Bankman-Fried, the founder of FTX, is currently on trial in a New York district court. Federal prosecutors have accused him of financial misconduct and misappropriation, while the defense argues that external factors played a significant role in FTX’s struggles. The trial has introduced cryptocurrencies to the jury, highlighting the significance of Bitcoin, Ethereum, Dogecoin, […]
Glassnode co-founders Jan Happel and Yann Allemann, who share the handle Negentropic on the social media platform X, predict that Bitcoin (BTC) could soar into six figures early next year. They believe that the king crypto appears ready to greatly outperform gold on a rally toward $120,000. Analysts are looking at the BTC/XAU trading pair, […]
