One-Minute Crypto News – May 19, 2022

One-Minute Crypto News – May 19, 2022

  • Terra to burn 1.4 billion UST and stake 240 million LUNA to stop the bleeding. “Coin Telegraph”

  • Aave launches open-source platform for social networking DApps on Polygon. “Coni Telegraph”

  • Dutch regulators say crypto not yet suitable as means of payment or investment. “Coin Telegraph”

  • South Korean regulators have recommended coin issuers and crypto exchanges be authorized to operate through a licensing system. “Coin Telegraph”

  • Dogecoin holders might soon be able to swap Doge without paying network fees on Robinhood. “U Today”

  • Cloudflare informed that it will be running Ethereum validator nodes as part of its experiment. “Bitcoin News”

  • Do not be fooled by UST price increase to $0.3 as it might be part of a bug. “U Today”

  • The head of Goldman Sachs says he does not have a strong opinion on crypto. “U Today”

  • The team behind LUNA might have lost their legal team. “Coin Telegraph”

  • Bank of England stated that cryptocurrencies are not viewed as a financial investment by retail investors. “U Today”