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Tag Archives: News

Bitcoin Miner Marathon Digital Fined $138 Million

Marathon Digital, the industry-leading Bitcoin mining firm, was fined $138 million for breaking a non-circumvention agreement with ex-executive Michael Ho. Ho also co-founded US Bitcoin Corp and serves as the chief strategic officer for Hut 8, another well-known Bitcoin mining company. A press release on the matter stated, “A federal court jury unanimously ruled in favor of Michael Ho against Marathon Digital Holdings, Inc. for $138 million after finding that Marathon breached a...

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The SEC Approves Ether ETF Issuance, Products Can Begin Trading As Soon As Today

The US Securities and Exchange Commission (SEC) approves ETH ETFs, providing final confirmations for the S-1 applications submitted by multiple issuers. The products can trade as soon as today. This move was highly anticipated by the crypto community, with many rejoicing it. It follows the SEC approving BTC ETFs in January, which was unbelievable to many back then. The feeling was mutual toward ETH ETFs just some weeks ago. However, there was confirmation when SEC chair Gary Gensler stated...

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US-Based Spot Bitcoin ETFs Record $17 Billion in Net Inflows Since January

Spot BTC ETFs in the US have recorded a whopping $17 billion in net inflows as of last week since their launch in January. The massive interest in these products depicts how institutional investors believe in the wealth multiplication abilities of BTC. Out of the 11 spot BTC ETFs issued in the US, investors have made their favorite clear. BlackRock’s IBIT fund alone has been responsible for amassing $18.968 billion since day one. Fidelity’s FBTC fund trails behind, gathering impressive net...

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