Daily Digest – May 9th

• Bitcoin Drop to 10 Months Low as Equities Market Tumble

• Luna Foundation Guard Lends $1.5B in BTC as UST Briefly Loses its Peg, LUNA Tumbles

• SEC Halts $62 Million Investment Fraud Scheme from Mining Capital Coin

• Instagram Will Support NFTs from Ethereum, Polygon, Solana, and Flow

• Binance Halts Crypto Derivatives in Spain, Seeks Regulatory Approval

Bitcoin 50% Down From Its All-Time High

The value of Bitcoin dropped to $33.25K today, declining to its lowest level in 10 months. The dominant crypto has been on a consistent downtrend since the end of March, since which time...

Decentralized Social Metaverse ‘Gamium’ Partners with Binance NFT and Galler.io

The decentralized social metaverse project, ‘Gamium’, has announced partnerships with Binance NFT and Galler.io as part of its mission to provide a better Metaverse experience for its users...

Cuba Surpasses 100k Active Crypto Users as a Means to Bypass Sanctions

Over 100,000 Cubans have turned to cryptocurrencies for their everyday financial transactions, as well as for international business transfers. Despite Cuba’s never-ending internet problems, it seems that blockchain-based currencies are...

Increased Staking Demand Drives Algorand (ALGO) Upward Despite Bearish Market

As April drew to a close, the crypto market began experiencing a downward slide, and it has only become steeper as May has progressed. In the face of this bea market, Algorand (ALGO) has...

Nvidia Fined $5.5M for Hiding Cryptomining Revenue in 2018

The Nvidia Corporation has agreed to pay a penalty of $5.5M for not properly disclosing its revenue from cryptocurrency mining in 2018. The American tech hardware corp received a civil charge for violating...

That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,DailyCoin Team