Marathon Digital fined $138M for non-circumvention agreement breach
Marathon Digital has been fined $138M for breaching a non-disclosure, non-circumvention agreement with former executive Michael Ho.
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Meta Platforms fined $14 million for Onavo privacy issues: Report
The decision in an Australian court was driven by increasing concerns about illicit activities in the crypto market and the desire to safeguard investors. 67 Total views 1 Total shares An Australian court has reportedly ordered Meta Platforms, the owner of Facebook, to pay fines amounting to 20 million Australian dollars ($14 million) for collecting…

Solana ETF possible with a change in POTUS, SEC: Balchunas
Two industry pundits believe a change in SEC Chair is needed to even entertain the idea of a spot Solana ETF.

Binance-Backed Crypto Travel Firms Travala.com and TravelByBit Merge
Hotel booking service Travala.com and flight booking website TravelByBit — both of which accept cryptocurrencies as payment — announced the merger of their platforms. 1720 Total views 83 Total shares Hotel booking service Travala.com and flight booking website TravelByBit — both of which accept cryptocurrencies as payment — announced a merger of their platforms.According to…

Small business advocacy group recommends US congress ‘clarify the status of digital assets’
“We encourage market participants looking to determine whether a digital asset is a security to seek the advice of securities counsel and engage with FinHub staff,” said the SEC. 958 Total views 51 Total shares The U.S. Securities and Exchange Commission, or SEC, has delivered a report to Congress containing recommendations from small businesses seeking…

Terrible crypto trader gets 42 months for fraud, claiming he was a total gun
Jeremy Spence aka “Coin Signals” scammed around $5 million from 170 investors who were unaware their crypto was used to fund a Ponzi scheme. 128 Total views 38 Total shares A crypto trader who defrauded over 170 people was sentenced to 42 months in prison on May 11 for operating a series of cryptocurrency funds…

As trial begins, Sam Bankman-Fried’s lawyers push to exclude testimony from FTX users
Sam Bankman-Fried's legal team has requested the court block certain witnesses offering testimony on how they thought FTX would protect their assets. 180 Total views 3 Total shares The criminal trial of former FTX CEO Sam Bankman-Fried (SBF) is currently underway in New York, and his legal team has filed motions aiming to ban testimony

Risk Harbor set to take over decentralized insurance protocol Ozone on Terra network
The peer-to-peer insurance service provides DeFi users coverage in case of technical glitches on the Terra blockchain. 715 Total views 5 Total shares Ethereum-based (ETH) decentralized finance, or DeFi, risk management marketplace Risk Harbor will soon take over control of Terra's Ozone Protocol, according to a press release published on Thursday. Ozone is a decentralized…

Pantera-Backed DEX Sparkswap Shuts Down Due to Weak User Base
Sparkswap, a decentralized exchange backed by Pantera Capital, announced it is shutting down on March 17. The exchange cited a weak user base as the catalyst for its decision to cease operations.The platform has shut its doors to new customers and will put an end to all trading services after March 24. The exchange will…