Crypto exchange giant Binance has launched a $500 million fund to provide loans to struggling Bitcoin miners.
October 14, 2022 | | | | | 📈 30 Second Cryptocurrency Price Summary | Current Bitcoin Price: $19,359 | Bitcoin price touched as high as $19,946 yesterday, in a rally following the volatility on CPI figures. Price has since fallen to yesterday morning's figures. | Top-20 altcoins are up across the board over the last 24 hours, as Ethereum pushes up 4%, BNB 2% and Polygon gains 5%. | Top Stories for October 14, 2022 🔥 | | Crypto exchange giant Binance has launched a $500 million fund to provide loans to struggling Bitcoin miners, who need assistance to survive the bear market. | The fund will provide loans for private and publicly-listed mining operations, who will need to provide collateral in the form of physical or digital assets. Loans provided will be 18-24 months in duration, with interest rates of between 5% and 10%. | | Stablecoin company Tether has managed to offload all of its commercial paper holdings, replacing them with US Treasury bills to back their USDT token. | Tether has been in the process of attempting to improve the integrity and clarity of its reserves, after drawing criticism and doubt over its opaque commercial paper position. | | Crypto startup ZEBEDEE has announced the launch of a new not-for-profit initiative, focused on contributing open-source development for Bitcoin's Layer-2 scaling platform, the Lightning Network. | The project has been named "No Big Deal" and already includes "Open Bitcoin Wallet" – a non-custodial Lightning Network wallet that uses a technology called Hosted Channels. |
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