One-Minute Crypto News – May 12, 2022

One-Minute Crypto News – May 12, 2022

  • Market collapse and internal scandals bring a lot of pain to NFT enthusiasts. “U Today”

  • Crypto exchange Coinbase has disclosed for the first time its net loss of 430 million dollars in Q1 of 2022. “Coin Telegraph”

  • Futures traders lost 106 million dollars on LUNA in the past 24 hours. “Coin Desk”

  • About 360 million dollars Dogecoin moves by anonymous wallet to top 20 addresses. “U Today”

  • Peter Schiff believes that a Stablecoin backed by Bitcoin is backed by nothing. “U Today”

  • Cardano’s algorithmic Stablecoin “Djed” is progressing. “U Today”

  • Terra’s LUNA has plunged another 40 percent. “U Today”

  • Ease access to Intel chips is allowing companies like Argo to build Bitcoin mining rigs that compete with ASICs. “Coin Desk”

  • Coinbase is now having issues with India’s universal payments interface as Central Bank brings informal pressures. “U Today”

  • Crypto companies are looking to less bureaucratic jurisdictions for their activities, such as Bermuda. “Bloomberg Crypto”