As the trial of Sam Bankman-Fried, founder of the now-defunct crypto exchange FTX, is underway, the testimony of witnesses has brought forth shocking revelations and raised questions about potential fraudulent activities. FTX Employees’ Discovery Raises Concerns: The Wall Street Journal’s report divulged a secret link between FTX and an affiliated trading firm known as Alameda…

El Salvador, a pioneering nation in embracing Bitcoin (BTC) as a legal tender, has achieved a significant milestone with the launch of its first local Bitcoin mining pool, “Lava Pool.” This initiative signifies the country’s commitment to harnessing renewable energy sources for cryptocurrency mining. Lava Pool, spearheaded by Volcano Energy in partnership with Luxor Technologies,…

Kraken, one of the world’s oldest and most reputable crypto exchanges, recently announced its plans to acquire Coin Meester B.V. (BCM), a Dutch crypto broker. This strategic move not only solidifies Kraken’s position in Europe but also demonstrates its commitment to expanding its services across the continent. With the acquisition, Kraken aims to enhance its…

The ongoing trial of renowned crypto figure Sam Bankman-Fried, known as SBF, took an intriguing turn on Day 3. Key witness and FTX Co-founder, Gary Wang, provided startling revelations about alleged fraud committed by SBF. As the prosecution delved deeper into the case, Wang’s testimony shed light on a range of illicit activities purportedly undertaken…

On the second day of the trial involving FTX co-founder Sam Bankman-Fried, the spotlight shifted to Ryan Salame, a prominent FTX executive who played a crucial role in the exchange’s political fundraising operations. Salame, co-CEO of FTX Digital Markets in the Bahamas, pleaded guilty to conspiracy charges related to unlawful contributions, defrauding the Federal Election…

In an exciting development, Sandeep Nailwail, the co-founder of Polygon, recently took to Twitter to announce the deployment of POL Contracts on the Goerli testnet. This significant milestone marks a crucial step for Polygon as they continue their journey towards the creation of Polygon 2.0. Alongside this release, two Polygon Improvement Proposals (PIPs), PIP-24 and…