One-Minute Crypto News – May 10, 2022

One-Minute Crypto News – May 10, 2022

  • Peter Schiff believes that Bitcoin may drop to below 10 thousand dollars soon. “U Today”

  • Crypto scammers in Turkey rent out billboards to post fake Binance-related ads. “Coin Telegraph”

  • Crypto is about to suffer another major upset in India. “U Today”

  • Bitcoin is no longer profitable for miners. “U Today”

  • Crypto focused financial services firm Galaxy Digital recorded a loss of 111 million dollars in the first quarter of 2022. “Coin Desk”

  • 962 million dollars’ worth of Shiba burned over the weekend. “U Today”

  • The UST Stablecoin had lost its dollar peg for the second time in 48 hours, falling to as low as 0.98 dollars on Monday. “Coin Desk”

  • Instagram is preparing to jump into NFT profile pictures. “U Today”

  • Some Coinbase users in Russia reportedly told to withdraw their funds from the crypto exchange by May 31. “Bitcoin News”

  • SBI Motor Japan has started accepting cryptocurrencies. “U Today”