One-Minute Blockchain News – June 6, 2022

·       The chief executive officer of Binance has admitted to a loss of 1.6 billion dollars in Terra investments. “U Today”

·       The head and executive director of Binance Labs, the venture capital investment department of Binance, have stepped down from their roles. “U Today”

·       Goldman Sachs president and CEO has warned of unprecedented shocks to the economy. “Bitcoin News”

·       The slowdown continues. Only 202 Bitcoin ATMs installed in May 2022. Lowest in three years. “Coin Telegraph”

·       Terra LUNA founder has said that the solution to the current situation should be civil and regulatory and not criminal. “Bitcoin News”

·       Crypto executives are now pouring more money into US politics than many American industrial stalwarts. “Bloomberg Crypto”

·       Discord community of Bored Apes Yacht Club is compromised and hackers stole 300,000 dollars’ worth of NFTs. “U Today”

·       UK proposes additional safeguards to protect against the potential collapse of Stablecoins. “Bloomberg Crypto”

·       Following technical and market issues, Solana loses major part of its gains. “U Today”

·       Ethereum network difficulty has soared to a new all-time high. “U Today”