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Decentralized finance (defi) burst onto the scene in 2020, as investors rallied behind the enormous potential of peer-to-peer financial services.

Fake news related to cryptocurrency, Coronavirus pandemic, and other fields that spread through social media like Facebook, Google, Twitter etc., are becoming a problem. That is why the European Commission urged the giants to strengthen measures against misinformation.

China has officially launched a website for its Blockchain-based Service Network. It seems that the country is getting closer to completing its rival, the USA.

While many community members complain that YouTube is demonstrating hostility to cryptocurrency-related projects, scammers using the platform to trick people prove such measures are somewhat reasonable.

Sberbank, Russia’s largest state-owned bank, expands and installs blockchain-based ATMs to expand contactless transactions. Thanks to the distributed ledger tech (DLT), the ATMs will provide effective, safe, secure and fast touchless transactions and also offer a significant security and performance level.

On April 30, GoogleAds were exposed in sponsoring phishing ads for scam alternatives to crypto exchange CoinCorner. Meanwhile, the company itself failed to secure its spot with the search engine’s promoted ads. Therefore, this puts into question the entire attitude of big tech towards cryptocurrency.

According to reports from some Bitcoin and crypto users, Twitter seems to be secretly limiting the circulation of crypto-related content as the halving nears.

Some well-known industry players, such as Google and Apple, have to take up extra measures to shield cryptocurrency users from scams during pandemics. Their efforts will now be directed at blocking malicious advertisements on the internet as well as protecting mail users from phishing emails.

Google video sharing subsidiary YouTube has suspended the accounts of two popular cryptocurrency enthusiasts citing a breach of the company's terms and conditions. YouTube went ahead to delete the videos which it claimed violated its Terms and Conditions posted by the two cryptocurrency enthusiasts on their channels.