Binance launches $1B BSC Fund, approval of BTC futures ETF could be soon and Celsius raises $400M: Hodler’s Digest, October 10-16

Hodlers Digest is your weekly news source. It will be available every Saturday. Hodlers Digest will provide you with the best and worst quotes, regulation highlights, top coins, predictions, and more for this week’s top stories on Cointelegraph. This week, Binance announced a $1B accelerator fund to help develop its BSC ecosystem. It is the world’s largest cryptocurrency exchange. According to Binance, the largest beneficiary of the fund will be the Investment & Incubation Program which will receive approximately $500 million. The branch will be focusing on multichain expansion in areas like metaverses, gaming and virtual reality. Coinbase launches NFT marketplace, following Binance and FTX. Coinbase announced Tuesday that it will launch an NFT marketplace later in the year. The platform will first support tokens from Ethereum blockchain. It will then be launched in the U.S., before expanding globally. Coinbase announced Tuesday that it will launch an NFT marketplace. DappRadar data shows that OpenSea’s 30-day average has 261,000 active users. G7 leaders issue guidelines for central bank digital currency central bank The Group of Seven (G7) forum was made up of seven of the most advanced economies in the world. It discussed a centralized form of digital assets called central banks digital currencies (CBDCs). G7 leaders endorse central bank digital currency guidelines. The Group of Seven (G7) forum, which consists of seven of the world’s most advanced economic nations, discussed a completely centralized form of digital assets called central bank digital currencies (CBDCs) this week. Caisse de dpt et placement du Qubec & WestCap lead equity funding round for crypto lending platform Celsius Network. The firm raised $400 million. The firm stated that it will use the new capital to increase its headcount to approximately 1,000 employees and expand its products and offerings. It is not $400 million. It’s the credibility that comes along with the people who wrote those checks,” Celsius Network co-founder Alex Mashinsky stated in an interview with The Financial Times on Tuesday. Elliptic, a crypto risk management company, also closed a capital raise, having raised $60 million in Series C funding. Evolution Equity Partners led the round, which included support from SoftBank Vision Fund 2, AlbionVC and Digital Currency Group as well as Wells Fargo Strategic Capital. Two top engineers from Facebook’s wallet jumped ship to A16z’s cryptocurrency fundReports have surfaced that two of the top engineers on Facebook’s spooky virtual currency project, Nassim Eddequiouaq, and Riyaz Faizullabhoy fled the clutches Mark Zuckerberg. They spent two years working on Facebook’s digital wallet, Novi. Faizullabhoy, the chief technology officer for a16z’s cryptocurrency division, will be assisted by Eddequiouaq, the chief information security officer. Winners and losers Bitcoin (BTC), Ether (ETH), and XRP (XRP) are at the end of the week at $60,687. Winners and losers Bitcoin (BTC) is at $60,687, Ether (ETH) at $3,817, and XRP at $1.13 at the end of the week. Most Memorable Quotations Bitcoin is now less risky than it was when it was $300. It’s now established, large amounts of venture capital money have gone into it and all the major banks are getting involved. Bill Miller, founder of Miller Value Partners. I can tell you that I have a Bitcoin ETF or a gold ETF, but I keep that gold in my basement. Is that something the SEC will allow? It is unlikely. It is unlikely. However, I believe there is a role for a digital currency. I don’t know if it will reach $80,000 or zero. We’ve had a long period with low inflation and central banks are experimenting in new territory with very loose monetary policies. The crypto industry has been waiting for years for regulatory approval for a physically-backed Bitcoin exchange traded fund (ETF). However, a roundabout approach to the equation could become reality. Several entities are seeking approval from U.S Securities and Exchange Commission (SEC), for a Bitcoin futures ETF. Balchunas tweeted the same as a Bloomberg article. Pretty much done deal. Next week, expect launches. Balchunas stated that he believes approval is more likely than 90%. Balchunas spoke out in October about 75% odds of Bitcoin futures ETF approval in October. However, the Commission could delay its decision. Cointelegraph published a separate article on this week that covered comments by Todd Rosenbluth (CFRAs senior director for ETF and mutual funds research), who said that Bitcoin futures ETF approval might not arrive until 2022. However, evidence has surfaced on Friday which shows the groundwork is being laid for an SEC approval of Valkyries Bitcoin Futures ETF. The SEC approved shares of the ETF for registration on the Nasdaq. The SEC could postpone a ruling on this ETF until December, but the current deadline is Oct. 25. FUD of the Week Bitmain ends shipment of Antminer crypto-mining rigs to ChinaTop crypto mining equipment supplier Bitmain closed its doors to China on October 11. Bitmain, a leading provider of crypto mining equipment, has stopped shipping Antminer crypto mining rigs into China. This was in response to China’s latest pushback against crypto. Bitmain will continue to provide Antminer crypto mining equipment to users around the world, including Taiwan and Hong Kong. The company has also increased its production capacity for Antbox mobile mining containers. Antminer will cease shipping to mainland China on October 11, 2021. Bitmain announced that staff will contact customers in China who have bought long-term products to find alternative solutions. Research firm CFRAE says that Bitcoin futures ETF is likely to be delayed until 2022. Although Eric Balchunas, the head of the Estonian Financial Intelligence Unit (FIU), noted that there are significant odds that a Bitcoin futures-based ETF would be approved during the week of October 18, he also stated that our staff will contact them to offer alternative solutions. Estonian regulator wants all crypto exchange licenses to be revoked The FIU head stated that the public is not aware of the risks associated with crypto industry. He also pointed out the regular tropes such as money laundering and terrorism financing, and urged the Estonian government to revoke all crypto exchange licenses. He said that we need to respond quickly and cardinally. Best Cointelegraph Features: The US debt ceiling crisis: A catalyst to crypto’s ultimate decoupling

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