Daily Digest – May 16th

• Bitcoin flounders under $30k amid longest bearish streak since 2015 – no future for Bitcoin as a payments network.

• Polygon helps Terra projects Mmgrate – LUNA trading volumes surge – LUNA burned to create value.

• Goldman Sachs and Barclays invest in Elwood – Square Enix to intensify Web 3.0 investment.

• The U.K. looks to regulate stablecoins after Terra’s collapse – Nigeria’s regulator forms new crypto rules.

Nayib Bukele to Discuss Bitcoin with Bankers from 44 Countries in Monday Meeting

Late on Sunday night, President of El Salvador Nayib Bukele revealed his plans to meet bankers from 44 countries first thing on...

Polygon to Devote Resources to Help Terra Projects Migrate to the Polygon Network

The crypto market is still reeling from unfortunate events that led to the total collapse of the Terra ecosystem. However, as a recovery plan takes...

XRP Rallies as Ripple Submits Response to Claims by Ex-SEC Director Hinman

As the crash of the Terra ecosystem plunged the entire crypto market into a red sea, the price of Ripple’s XRP plummeted by a magnitude of 27%. However, the latest...

UK Reveals Plans to Legalize Stablecoins During the Queen’s Speech

Prince Charles presented the idea of a crypto bill during the ‘Queen’s Speech‘. Prince Charles addressed the public..

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