Post
Topic
Board Bitcoin Discussion
Re: Binance Provides $500M Loan for Bitcoin Miners
by
BlackHatCoiner
on 16/10/2022, 17:43:21 UTC
Offers security for both physical and digital asset markets, which will satisfy Binance.
Binance is already satisfied by the, ATH-ed at the time we speak, security of the Bitcoin network. This loaning will only satisfy CZ's pocket.

This plan emerged when Bitcoin Miners had a difficult moment in recent months and the bitcoin price continued to fall to touch -72% of the previous ATH.
Some miners must have had some difficult time, and some might had been mining with loss too. But, apparently, the network worked fine, and mining has peaked over all.