@BOMBERuss 15 May 2022 more from that month

Events in the world of #cryptocurrencies over the past week! 1.The price of #bitcoin has failed the level of $27,000. On Thursday, May 12, the price of bitcoin dropped to $26,700, which is comparable to the level of the end of 2020. The decline was accompanied by significant daily liquidations in the futures market for amounts over $ 1 billion. By the end of the week, the quotes had regained some of the fall. At the time of writing, the asset is trading near $30,100. 2.#UST has lost its peg to the dollar. The incident provoked the collapse of LUNA and the entire crypto market. The main reasons for the market decline were the incident with the #Terra USD (UST) stablecoin and the #LUNA token, as well as the short-term destabilization of the Tether (#USDT) exchange rate. It all started last weekend when UST briefly lost its peg to $1. The LunaFoundation Guard Board decided to allocate loans for OTC firms in the amount of $750 million in BTC and $750 million in stablecoin. 3.Consequences for the segment. Activity in the stablecoin segment has not passed by other projects. Against the background of the general sale, #Tether (USDT) quotes fell to $0.94 in the short term, but quickly returned to normal. However, the deviation from the US dollar provoked a surge in the exchange rate in pairs with other stablecoins like Binance USD (#BUSD) and USD Coin (#USDC). The Neutrino USD (#USDN) stablecoin based on Waves also lost its binding — the rate dropped to $0.63 at the moment. The TRON DAO Reserve organization has started acquiring bitcoins and TRON tokens to provide the algorithmic stablecoin #USDD. The first purchase for $61 million took place on May 10. 4.The complexity of Bitcoin mining has set a new high. On May 11, as a result of another recalculation, the complexity of #mining the first cryptocurrency increased by 4.89% and reached a record high of 31.25 tons. 5.#Instagram revealed details of testing NFT support Starting this week, a limited number of Instagram users will be able to use NFT as a profile photo. Test participants will need to connect a digital wallet and select one intended for display on the #NFT social platform. There are no commissions provided. 6.David Marcus has launched a development-oriented #Lightning Network startup. The former head of the Meta payment division, David Marcus, announced the launch of a new Lightspark company focused on expanding the possibilities of using bitcoin. At the first stage, the company gathers a team to study and develop the Lightning Network protocol. 7.Elon #Musk has suspended a deal to buy Twitter. Elon Musk suspended the process of buying #Twitter after the media reported that the audience figures of the social network were overestimated. According to Reuters with reference to the company's report, fake or spam accounts "accounted for at least 5% of its monetized daily active users." According to the billionaire, he is still set to acquire Twitter. 8.#PancakeSwap will limit the issue of CAKE to 750 million tokens. The community of the PancakeSwap #DeFi project based on BNB Chain has supported changes in tokenomics, the key of which will be limiting the supply of the #CAKE management token to 750 million coins. 98.8% of the votes were in favor of the proposal. 9.Candidates in the elections in the #Russian Federation were obliged to report on cryptocurrencies abroad. Russian President Vladimir #Putin, by a corresponding decree, included data on cryptocurrencies and tokens, as well as digital financial assets in the list of verifiable information about the foreign property of candidates for elections at various levels. They will be checked for authenticity. 10.#Kraken will explore the possibility of trading traditional securities. The Kraken #exchange is considering offering shares to customers along with digital assets and NFT. According to CEO Jesse Powell, cryptocurrency brokers are developing in the direction of creating "super wallets" that will allow consumers to make transactions with all assets, including traditional ones. Additionally: -#Circle stated that the USDC is fully backed by US dollars and Treasury bonds. -#Chainalysis was valued at $8.6 billion following the results of the next $170 million investment round. -The founder of #OneCoin was included in the list of the most wanted criminals in Europe. -The #KuCoin exchange raised $150 million at a valuation of $10 billion. +The #Best Crypto Gainers for the week: