One-Minute Blockchain News – May 12, 2022

·       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”

·       About 360 million dollars Dogecoin moves by anonymous wallet to top 20 addresses. “U Today”

·       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”