Bitdeer Intends to Launch a $250M Miner Relief Fund

Reading Time: < 1 minute Mining service provider Bitdeer intends to launch a $250 million fund to buy assets from “troubled” companies in the industry.

Celsius Network’s CEO Steps Down

Reading Time: < 1 minute Alex Mashinsky, CEO of crypto lending platform Celsius Network, has submitted his resignation, which is effective immediately.

8 US Regulators File Charges Against Crypto Lending Platform Nexo

Reading Time: < 1 minute A group of US government regulators has announced they have filed lawsuits against crypto lending platform Nexo.

GPU Prices Fall in China After The Merge

Reading Time: < 1 minute The prices of graphics processing units (GPUs) have dropped sharply in China since the asset migrated from PoW to PoS.

Tether Adds Support for Polkadot’s Blockchain

Reading Time: < 1 minute USDT issuer Tether Operations Limited has announced it has added support for the Polkadot blockchain, which has become the 14th network in which the stablecoin operates.

US Crypto Exchange Coinbase Allocates $100M to Test Prop Trading

Reading Time: < 1 minute US-based crypto exchange Coinbase last year formed a division focused on trading and staking.

The IMF Calls for Development of Global Standard for Crypto Regulation

Reading Time: < 1 minute Last Tuesday, Aditya Narain, Deputy Head of the IMF, and Marina Moretti, Assistant Director, released a report reiterating the need to develop a regulatory framework for digital asset transactions.

EOS Activates Leap 3.1 Antelope Protocol Update

Reading Time: < 1 minute Block producers in the Antelope protocol (a fork of an early version of the EOS network) completed yesterday a coordinated hard fork to implement Leap 3.1.

US May Introduce Two-year Ban on New Algorithmic Stablecoins

Reading Time: < 1 minute The stablecoin regulation bill that is being drafted in the US House of Representatives would introduce a two-year ban on new algorithmic stablecoins.