Binance launches $1B BSC fund, BTC futures ETF approval could arrive soon, and Celsius raises $400M: Hodler’s Digest, Oct. 10-16

Binance launches $1B BSC fund, BTC futures ETF approval could arrive soon, and Celsius raises $400M: Hodler’s Digest, Oct. 10-16

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Top crypto mining equipment provider Bitmain closed its doors in China on Oct. 11. The firm was forced to halt operations following the Chinese governments latest pushback against crypto and the devilish freedom it represents.

The firm said its move to halt the shipping of crypto mining rigs was part of a response to Chinas carbon-neutral policies and environmental targets. However, Bitmain will continue to supply Antminer crypto mining rigs to users across the world, including those in Taiwan and Hong Kong, while the company has also upped its production capacity for its Antbox mobile mining containers.

From October 11, 2021, Antminer will stop shipping to mainland China. For customers in mainland China who have purchased long-term products, our staff will contact them to provide alternative solutions, Bitmain said in an announcement.

 

Many within and beyond the crypto industry believe that the political standoff around the debt ceiling increase makes digital assets more attractive in the long run.

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