Weekly Report (16-22 May 22) | What Happened This Week In Crypto

This Report will provide you with some important and quick news about cryptocurrencies that happened around the world.

1) Lavu, A Leading Restaurant Software Platform, Now Accepts Crypto Payments In Over 65 Countries

An announcement was made on May 19 by worldwide restaurant software company Lavu and a global FinTech payment solution provider Verifone that they’re now working together. It will be possible for Lavu’s restaurant software package to be seamlessly integrated with Verifone FLEX payment alternatives in more than 65 countries, allowing the firms’ customers to take advantage of several contemporary payment ways at the POS…[continue reading]

2) Nox Bitcoin Will Refund $1 UST To Customers

If you’ve purchased TerraUSD coins from the Brazilian cryptocurrency exchange Nox Bitcoin, you’ll get your money back in full. The Nox Bitcoin exchange has repaid all UST holders at a $1 rate using Tether’s USDT after a story in the local media on May 20…[continue reading]

3) Fraudulent Ponzi Scam Accused Of Taking $18 Million From Investors

By way of a US District Court in Illinois, the CFTC has indicted two individuals on charges of running a multimillion-dollar Ponzi scam. Two people and a business have been charged with running an unlawful community pool and soliciting fraudulently $44 million through an “income fund investing in digital assets…[continue reading]

4) Michael Saylor Of MicroStrategy Expects That The Value Of Bitcoin Will Reach The Millions

The hyper-bullish billionaire CEO of MicroStrategy seemed unfazed by the wild price swings in the cryptocurrency industry. Despite Bitcoin’s recent difficulties to cling onto the $30,000 barrier, Michael Saylor has yet another wild forecast for the cryptocurrency…[continue reading]

5) The Anti-Crypto Coalition Has Bill Gates’ Support

He said that he exclusively invests in assets that serve a useful purpose. He believes that firms’ worth is based on the quality of their goods, but cryptocurrencies’ value is completely dependent on the belief that someone else would buy them at some point in time…[continue reading]

6) Russia Will Legalise Crypto As A Form Of Payment, According To A Minister

Cryptocurrency laws have been introduced in Russia in the last few months that stop short of a total ban, but nonetheless, place strict restrictions on the use of virtual currencies as cash. For the first time in 16 months, Moscow has decided to include cryptocurrencies in its financial system…[continue reading]

7) Terraform Labs’ Legal Staff Resigns After The Collapse Of UST

As a result of the failure of Terraform Lab’s algorithmic stablecoin, Terraform’s in-house legal team decided to leave the company. According to a source with knowledge of the situation, outside legal counsel is now in charge of legal activities…[continue reading]