One-Minute Blockchain News – May 29, 2022

·       The chief executive officer of a Web 3 foundation believes that bear market would make low-quality projects disappear. “U Today”

·       Crypto scammers are stealing Twitter accounts in order to put ads and promote dubious platforms. “Bloomberg Crypto”

·       Cardano is closest to Bitcoin with regard to distribution and inflation. “U Today”

·       Exchanges show initial support to Terra revival by listing new LUNA token. “Coin Telegraph”

·       Terra LUNA is back in the crypto market again. “Coni Telegraph”

·       The Korean government is considering imposing tougher regulation, including a unified listing standard. “Bitcoin News”

·       Dogecoin remains higher as SpaceX set to accept it as payment method. “Bitcoin News”

·       LUNA classic and UST classic holders received an airdrop consisting of new LUNA 2 tokens. “Bitcoin News”

·       JP Morgan starts to use Blockchain for collateral settlements. “Bloomberg Crypto”

·       Nine months after officially declaring all crypto transactions illegal, China still has the power to roil digital assets. “Bloomberg Crypto”