One-Minute Blockchain News – May 16, 2022

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·       It took only seven days for the LUNA ecosystem to crumble down from what it once was. “Coin Telegraph”

·       There is a high chance that Global market regulators will launch a joint body within the next year to better coordinate crypto regulations. “Bitcoin News”

·       The Securities and Exchange Commission expects to see stricter regulation on Stablecoins. “Bitcoin News”

·       Terra USD was crypto’s biggest algorithmic Stablecoin and now it has crashed. “Bloomberg Crypto”

·       According to Justin Sun, the net supply of USDC on TRON Blockchain jumped by more than 24 percent. “U Today”

·       Total number of Shiba holders has risen to 1,169,694 wallets. “U Today”

·       Officials from the US, UK, Canada, Australia, and the Netherlands have shared data and identified more than 50 crypto-related criminal leads. “Bitcoin News”

·       The Bitcoin network mining difficulty reaches a new all-time high, exceeding 30-trillion mark for the first time in history. “Coin Telegraph”

·       Unlicensed Iranian crypto miners consumed 645 megawatts of electricity. “Bitcoin News”

·       ADA, SOL, and AVAX are leading the crypto market. “U Today”