Crypto Biz: Bitfarms gets new board after months of power struggles

This year’s DeFi growth may become the defining crypto event of 2020. But what does a “DeFi mania” actually mean? Crypto eras are often defined by their yearly trends: the meteoric bull run of 2017, the crypto winter and ICO boom of 2018, and the resurgent crypto spring of 2019. Will 2020’s explosive DeFi growth…

The superior court has reversed a lower court’s decision, making it possible for a class action to proceed against the promoters of one of crypto’s most infamous scams. The 11th Circuit Court of Appeals has ruled that victims of the Bitconnect Ponzi scheme can proceed with a class action suit by reversing a previous ruling…

"I let the pizza guy choose between $5 in fiat or BTC. Needless to say, he chose wisely," said the Redditor. 4881 Total views 17 Total shares A driver who held $5 in Bitcoin (BTC) as a tip for his pizza delivery services has reportedly resurfaced after seven years.According to a post from Redditor btcbible,…

The Neuralink founder does not see a future full of VR headsets after questioning its long-term implications on eyesight. 181 Total views 20 Total shares Tesla and SpaceX CEO Elon Musk showed no support for the Metaverse and Web 3 ecosystem as he dismissed the terms for being used as buzzwords and marketing tactics."I don't…

The HKMA said that funds placed on unlicensed "crypto banks" are not protected by the region's deposit protection scheme. The Hong Kong Monetary Authority (HKMA), the special administrative region’s central bank, has issued a warning to users that crypto businesses presenting themselves as banks and using banking terminology could be violating the region’s banking laws. In

Framework Ventures, Lightspeed Faction, Arrington Capital and Hivemind Capital, along with Microsoft’s M12 Ventures and OKX Ventures, backed SxT Labs’ Series A round. 

JPMorgan Chase (JPM) — the United States’ largest bank with over $2.62 trillion in assets — has reportedly rehauled the infrastructure of its blockchain platform Quorum with the help of Microsoft. The development was reported by crypto media outlet Coindesk on May 9.As reported, Quorum is JPM’s private blockchain platform built on the Ethereum protocol.…

The fact that Bitcoin (BTC) price was unable to break through the resistance level at $12,000 meant a retracement was imminent.However, the fast pace of the current retrace was not expected by the markets and has surprised a lot of traders. The crucial support zone of $11,100 failed to provide support and led to the…