Recently, Bitfarms made the decision to oust its CEO, Geoffrey Morphy, after he filed a $27 million lawsuit against the company. According to a press release from the Bitcoin miner, Morphy filed a multi-million dollar claim in the Superior Court of Ontario alleging damages caused by Bitfarms related to breach of contract, wrongful dismissal, and
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Russian energy firms are gearing up to target private individuals who are mining cryptocurrency at home, according to a recent report. The Russian Government Expert Council is said to be preparing to present new mining-related proposals to the Cabinet, which will be bundled into a set of crypto laws. These laws also include plans to
With the upcoming US elections in November, former President Donald Trump has taken a surprising stance in support of Bitcoin and other cryptocurrencies. In a recent video that circulated among crypto enthusiasts and investors, Trump made strong and positive comments regarding the digital assets. This significant pivot from his previous skepticism has sparked speculation about
In a recent announcement, crypto lender BlockFi revealed its plans to shut down its web platform and collaborate with Coinbase to distribute funds to its clients. This decision comes after BlockFi filed for bankruptcy in November 2022 following FTX’s collapse. The CEO of BlockFi, Zac Prince, attributed the company’s bankruptcy to the actions of FTX’s
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