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This week saw Bitcoin (BTC) hit a new yearly high; Sam Bankman-Fried testifies; Gemini sues Genesis Global, Elon Musk has crypto plans and regulatory efforts resurface. Bankman-Fried testifies FTX founder Sam Bankman-Fried took the stand on day 13 of his trial to deliver testimony, leveraging a remarkable “I don’t recall” approach in his speech to the judges. Bankman-Fried claimed that FTX refrained from utilizing auto-deletion mechanisms for their decision-making channels and leaned heavily on Signal for security measures. Furthermore, he deflected accountability onto his legal counsel, underscoring his lack of knowledge regarding specific aspects. The 14th day of the trial also saw Bankman-Fried on the stand . He attributed Alameda’s management turmoil to his former partner, Caroline Ellison, and candidly admitted to utilizing customer funds for political contributions.  Key highlights from his testimony involved vehemently refuting any allegations...

Join Our Telegram channel to stay up to date on breaking news coverage OKX, a leading company in Web3 technology and the second-largest cryptocurrency exchange by trading volume has revealed that OKX Middle East Fintech FZE (OKX Middle East) has received a Preparatory License for a Minimal Viable Product (MVP) from the Dubai Virtual Assets Regulatory Authority (VARA). OKX’s Expansion to Middle East In the June 15 statement, OKX asserted that the United Arab Emirates (UAE) holds significant strategic value for OKX on both a global and regional level. In recognition of this, the company intends to expand its operations through OKX Middle East . As part of its expansion strategy, the crypto company recently launched a new office at the Dubai World Trade Center.  The company further aims to bolster its Dubai team by hiring local talent and senior management, with plans to increase the staff count to 30 individuals. OKX emphasized its commitment to extend its successfu...