One-Minute Crypto News – May 16, 2022

One-Minute Crypto News – May 16, 2022

  • Terra USD was crypto’s biggest algorithmic Stablecoin and now it has crashed. “Bloomberg Crypto”

  • According to Justin Sun, the net supply of USDC on TRON Blockchain jumped by more than 24 percent. “U Today”

  • Total number of Shiba holders has risen to 1,169,694 wallets. “U Today”

  • Officials from the US, UK, Canada, Australia, and the Netherlands have shared data and identified more than 50 crypto-related criminal leads. “Bitcoin News”

  • The Bitcoin network mining difficulty reaches a new all-time high, exceeding 30-trillion mark for the first time in history. “Coin Telegraph”

  • Unlicensed Iranian crypto miners consumed 645 megawatts of electricity. “Bitcoin News”

  • ADA, SOL, and AVAX are leading the crypto market. “U Today”

  • Seven days. That’s how long it took for the LUNA ecosystem to crash. “Coin Telegraph”

  • Global market regulators are likely to launch a joint body within the next year to better coordinate crypto regulations. “Bitcoin News”

  • An SEC commissioner expects to see stricter regulation on Stablecoins. “Bitcoin News”