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”