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Today’s Top Crypto News, Friday October 14th

Today’s Top Crypto News, Friday October 14th •Bitcoin ‘bear trap’ sees BTC price near $20K as daily gains top 9% – CoinTelegraph “Over $320 million in liquidations accompanies a grueling 24 hours for crypto traders.” •Binance Launches $500 Million Lending Pool for Bitcoin Miners – Decrypt “Soaring energy costs, low Bitcoin prices, and high mining difficulty […]

By Matt Montemayor · October 14, 2022

Today’s Top Crypto News, Friday October 14th

•Bitcoin ‘bear trap’ sees BTC price near $20K as daily gains top 9% – CoinTelegraph

“Over $320 million in liquidations accompanies a grueling 24 hours for crypto traders.”

•Binance Launches $500 Million Lending Pool for Bitcoin Miners – Decrypt

“Soaring energy costs, low Bitcoin prices, and high mining difficulty mean miners are turning to lenders, like Binance, to stay afloat.”

•FTX’s Sam Bankman-Fried Backtracks on $1B Political Donation, Calls It ‘Dumb Quote’ – CoinDesk

“The head of crypto exchange FTX is a political mega-donor and had earlier said he might donate up to $1 billion in the 2024 U.S. presidential election.”