Latest News of Crypto in One Minute May 12, 2022

Last Modified:12 May 2022 11:36:23
Latest News of Crypto in One Minute May 12, 2022


  • Approximately 360 million dollars’ worth of Dogecoin transferred by anonymous wallet to top 20 addresses. “U Today”


  • The prominent broker and investor, 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”


  • The availability of access to Intel chips that are ideal for crypto mining is allowing companies like Argo to build Bitcoin mining rigs that compete with ASICs. “Coin Desk”


  • India is putting informal pressure on crypto platforms, such as Coinbase, which is now having issues with India’s universal payments interface. “U Today”


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


  • 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”



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