Daily Crypto Report

"LFG provides answers about funds in question — used to defend the peg." May 16, 2022

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Today’s blockchain and cryptocurrency news

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Bitcoin is down 1% at $29,845

Ethereum is down 1% at $2028
and Binance Coin is down .5% at $299

Luna Foundation Guard publishes detailed breakdown of the 3B in funds they spent trying to defend the UST peg & Luna.

Grayscale investments is set to list its first ETF in Europe.

President Nayib Bukele of El Salvador says 44 countries will visit El Salvador to discuss Bitcoin.

The CEO of the EminiFX trading platform arrested by FBI, charged with fraud.

Links:

  • CEO Of Cryptocurrency And Forex Trading Platform Charged With Fraudulent Scheme Involving Over $59 Million | USAO-SDNY | Department of Justice
  • LFG | Luna Foundation Guard on Twitter: "1/ As of Saturday, May 7, 2022, the Luna Foundation Guard held a reserve consisting of the following assets: · 80,394 $BTC · 39,914 $BNB · 26,281,671 $USDT · 23,555,590 $USDC · 1,973,554 $AVAX · 697,344 $UST · 1,691,261 $LUNA" / Twitter
  • Nayib Bukele on Twitter: "Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking the unbanked, the #Bitcoin rollout and its benefits in our country." / Twitter
  • Grayscale Investments Lists First ETF in Europe
  • Binance's LUNA investment, which peaked at $1.6 billion, now worth just $3,000

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