One-Minute Crypto News – May 17, 2022

One-Minute Crypto News – May 17, 2022

  • Bitcoin has now logged seven consecutive red candles on the weekly chart. “U Today”

  • FTX CEO says Bitcoin has no future as a means of payment, criticizes its lack of scaling and significant power consumption. “U Today”

  • LUNA circulating supply has increased by more than 6 billion in a matter of days. “U Today”

  • The UK government has affirmed its commitment to regulating Stablecoins following Terra collapse. “Bitcoin News”

  • The founder of Ethereum has called on the smaller Terra investors to be reimbursed while the whales can take personal responsibility and cop the loss. “Coin Telegraph”

  • President of El Salvador announces 44 countries will meet in this country tomorrow to discuss Bitcoin. “Bitcoin Magazine”

  • The CEO of Binance has said that this crypto exchange has received 15 million LUNA tokens in exchange for an investment of 3 million dollars. “Bitcoin News”

  • Portugal is planning to tax the exchange and sale of cryptocurrencies. “Coin Desk”

  • Peter Schiff says Bitcoin is likely to drop even further down because of the bearish patterns. “U Today”

  • The Australian taxation office is honing in on crypto capital gains reporting in 2022, and noted that it will be tracking NFT investment too. “Coin Telegraph”