Marathon is a digital asset technology company that extracts cryptocurrencies. Has a focus on blockchain ecosystem and generation of digital assets. 

It’s the Bitcoin mining company and obtained the record of the second largest holder of Bitcoin.

Marathon doesn’t have its infrastructure behind its mining machines; for this reason, it had very hard months.

CEO Marathon Digital Fred Thiel, said that now the business has 11,300 BTC, which corresponds approximately to $205 million. 

In a tweet, Thiel said that they improved their Bitcoin production, from 72 in July, to 184 in August, then 360 in September, and then 615 - a record - in October. October, in fact, was the most productive month in their Company’s history…

Thiel added that he want’t sold Marathon’s Bitcoin and will continue with this business scheme.

SOURCE: CoinTelegraph 

READ ABOUT MiCA LEGISLATION IN CRYPTO REGULATION… 

Bitcoin, Ethereum and FileCoin was stopped on Australia’s market due to “non-compliant” Target Market Determinations. 

The Holon Bitcoin Fund, Holon Ethereum Fund and the Holon FileCoin Fund are all managed investment schemes that focus on exposure of the price to the equivalent crypto. They work by investors sharing money who in return receive a support in that scheme. 

A Target Market Determination describes product’s target and market, conditions around the product can be distributed to users, the events or circumstances where developers may need to review the Target Market Determination for a financial product. 

The Australian Securities and Investments Commission (ASIC) observed that investors in cryptocurrency are subject to a big negative returns. 

Additionally, the PDS - Product Disclosure Statement - highlights the fact that they may will have a total loss of value. 

SOURCE: CoinTelegraph

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