Also, Celsius, a crypto lender, might be under investigation soon
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Apple's new rules on the App Store are not crypto-friendly. Brian Armstrong, CEO of Coinbase, explains that the new rules have hindered the company's road map to success due to potential antitrust issues. More: - Armstrong says that Apple's App Store has banned features from Coinbase's app, which could be an antitrust issue.
- He emphasized that in the near future, smartphones may need to implement crypto-specific hardware.
- "There’s going to have to be crypto-compatible phones that I think could actually become quite popular in the future," says Armstrong.
- The CEO also revealed that Coinbase has some co-branded hardware wallets with Ledger, but there needs to be more collaboration from major mobile operating systems to broaden their crypto ecosystem.
TechCrunch 
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Gas-to-bitcoin-mining firm Crusoe Energy Sytems raised $505M in Series C led by G2 Venture Partners (G2VP), which brings the company's total fundraising to $747.5M to date. The fresh funding will be used to deploy a large-scale bitcoin mining and cloud computing operation. More: - Crusoe Energy Systems partnered on a project with Exxon Mobil.
- The Series C round consists of $350M in capital, and the company secured credit facilities up to $150M.
- The company's mission is to create environmentally friendly solutions, and to date, its data centers have reduced up to 2.5 billion cubic feet of gas flaring. It has also eliminated 99.89% of methane emissions compared to flaring.
- Other companies that are offering solutions similar to Crusoe include Greenidge Generation, Upstream Data, and EZ Blockchain.
Bitcoin.com
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Claim your playbook
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Infura, an Etherium infrastructure service provider, suffered an outage today. As a result, Metamask and other decentralized apps were down today. More: - Nearly 30 million users were unable to access Ethererum applications.
- API issues at Infura led to this outage.
- Ethereum, Polygon, Optimism, Filecoin, and Arbitrium were all affected by this technical glitch.
- Infura tweeted in the morning apologizing to its users for the service disruption and inconvenience, followed by a statement that read, “We are in the process of rolling out a fix, and our core systems are starting to recover."
- Infura last encountered a major outage in Nov. 2020.
Decrypt
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Binance has recovered $5.8M out of $600M in stolen Ether and USDC coins by a North Korean cyber-criminal. More: - The funds belonged to Axie Infinity's Ronin Bridge, and the attack occurred last month. At the moment, the wallet that is linked to Ronin holds $280M in digital assets.
- The hacker group sent money to centralized exchanges, and DApp Tornado Cash, and also swapped the stolen USDC for Ethereum on decentralized exchanges.
- Axie Infinity has also raised $150M, led by Binance. The funds will be allocated to investors that have undergone losses due to the attack.
- The remaining funds will be used for compensation via Sky Mavis's own funds.
- The Axie DAO hopes to recover the stolen funds fully within two years.
Cointelegraph
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Compass Mining is trying to sell $30M of hardware in Siberia as U.S. cryptocurrency sanctions come into effect. More: - The company is looking for buyers in Russia for their mining equipment that has over 12 megawatts capacity distributed to 2,000 clients.
- Compass Mining is hopeful that it will find buyers and recover most of the funds, but the real loss will be felt by its clients.
- This week, the U.S government announced sanctions on Compass Mining rival BitRiver.
- The reason that miners prefer Russian soil for crypto mining activities is due to the low cost of power from natural gas and hydropower dams.
- BitRiver CEO Igor Runets is not pleased by the U.S sanctions while emphasizing that the company has never offered services to the Russian government.
- Compass Mining will no longer operate in Russia and said the focus will now be on expanding to Texas.
Bloomberg
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Celsius, a crypto lender, is warning its customers of potential regulatory hurdles in the near future. As a result, the company restricted U.S. customer signups to its "Earn" rewards program to accredited investors only. More: - Celsius Network, LLC, says that the Crypto rewards token is susceptible to many risks, especially regulatory.
- Other risks associated with the coin could be theft, irreversible transactions, and failing chains.
- The warning is announced in response to the state securities regulators' order that they must prove that "Earn" is not an unregistered security.
- In addition, the company is offering 10% annual percentage yield payouts for the Celsius token. The authorities are also reviewing Celsius; however, no fines have been issued as a result.
Coindesk
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 |  | Gia Mattu is based in Calgary, Alberta. She is an entrepreneur with experience in climate technology, drones, AI, machine learning, and blockchain technology. When she's not working, she loves to hike the Canadian Rockies, try new cuisine, and travel. | | | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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