Bitcoin miner Bitfarms CEO to depart immediately in response to lawsuit
Nicolas Bonta, Bitfarms co-founder and chair, will take over as interim president and CEO after Geoffrey Morphy filed a lawsuit for $27 million in damages against the mining firm.
Related Posts


Liminal blames compromised WazirX devices for hack, claims UI not responsible
Compromised WazirX devices provided "legit transaction details" to Liminal’s network, allowing the attacker to drain the exchange’s funds, the MPC provider claimed.

Alameda Research and FTX merge VC operations: Report
Alameda's investment arm, FTX Ventures, and crypto exchange FTX will reportedly continue to operate independently from each other. 166 Total views 7 Total shares Sam Bankman-Fried’s cryptocurrency exchange FTX’s investment arm has reportedly absorbed the venture capital operations of Alameda Research in response to the ongoing crypto bear market.According to a Thursday Bloomberg report, Alameda's…

US Navy awards $1.5M jet fighter contract to blockchain project
SIMBA Chain has been tapped to beef up the supply chain of the United States Navy after receiving a $1.5 million research grant. 1440 Total views 6 Total shares SIMBA Chain, a cloud-based smart contract platform, has been tasked with revamping the supply chain of the United States military after it received a $1.5 million…

Tariffs, explained: How they work and why they matter
What are tariffs? Tariffs are taxes placed on imported goods by a government or a supranational union. Occasionally, tariffs can be applied to exports as well. They generate government revenue and serve as a trade regulation tool, often to shield domestic industries. Four main categories of tariffs are: Ad valorem tariffs: These are calculated as

7 biggest crypto collapses of 2022 the industry would like to forget
2022 has been a bumpy year for the cryptocurrency market, with one of the worst bear markets on record and the downfall of some major platforms within the space. The global economy is beginning to feel the consequences of the pandemic, and clearly, this has had an influence on the crypto industry.Below is a breakdown…

Uncertainty over digital assets traps institutions in ‘supervisory void’ — Fed Governor
Lack of clarity on digital assets could have significant consequences for banks navigating higher interest rates, according to Fed Governor Michelle Bowman. 326 Total views 3 Total shares During a speech at the Salzburg Global Seminar on bank regulation and supervision, Bowman called for attention from global regulators to the current supervision of novel banking…

Marco Polo Onboards Three New Members to Its Trade Finance Network
Distributed ledger technology (DLT)-based trade finance network Marco Polo has onboarded three new members for piloting and evaluating purposes, Cointelegraph auf Deutsch reports on April 26.Marco Polo Network is a joint undertaking with tech firm TradeIX, enterprise software company R3, and other 20 international financial institutions. The initiative provides a multi-asset class platform that offers…

Crypto Super PACs spend $1.3M on candidates as early voting continues
The Fairshake and Defend American Jobs PACs reported media buys for GOP and Democratic candidates in the House of Representatives ahead of the elections.