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One-Minute Blockchain News – May 10, 2022

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09.05.2022
One-Minute Blockchain News – May 10, 2022


·       The popular social media platform Instagram might soon add NFT profile pictures. “U Today”


·       According to certain reports, a number of Coinbase users in Russia were told to withdraw their funds from the crypto exchange by May 31. “Bitcoin News”


·       The used car sales website SBI Motor Japan has started accepting cryptocurrencies. “U Today”


·       Peter Schiff believes that Bitcoin may drop to below 10 thousand dollars soon. “U Today”


·       Crypto scammers in Turkey rent out billboards to post fake Binance-related ads. “Coin Telegraph”


·       Crypto is about to suffer another major upset in India. “U Today”


·       Bitcoin is no longer profitable for miners. “U Today”


·       Crypto focused financial services firm Galaxy Digital recorded a loss of 111 million dollars in the first quarter of 2022. “Coin Desk”


·       962 million dollars’ worth of Shiba burned over the weekend. “U Today”


·       The UST Stablecoin had lost its dollar peg for the second time in 48 hours, falling to as low as 0.98 dollars on Monday. “Coin Desk”


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