Daily Crypto NewsEDITION #512, 27 May 2022

Print, burn and forget

Hey Moni Maker 🏄‍♂️

Today, in 1844, the first Morse code was sent. Nowadays, people use many VPN services, all kinds of special machines and jabber to send something important, something that other people's eyes shouldn't see. And crypto helps us with that. 

Let's go!

Yes, Terra could be the subject of a book or a TV series, with news coming out every day. Well! The Terra developers got permission to burn 1.3 billion USTs, which are now in the community pool. Btw, it is as much as 11% of the current UST pool. 

The community has almost unanimously approved the proposal, and this is how it will go: 

- First, about 1 billion USTs from the pool will be burned. 

- Then, the team will return 370 million UST to Terra from Ethereum and destroy them too 

And then today, we wait for LUNA 2.0, as written here.  

In his tweet, Brian Armstrong has bullied the Reserve Bank of India (RBI), claiming that they interfered with the Coinbase India branch and generally put pressure. What happened and why the outcry? Let's get to the bottom of it.

Coinbase recently added the ability for its Indian users to buy crypto through UPI (which is such an Indian quick payment system). But three days after the launch, the feature had to be cut off because UPI's management office said: "We don't know anything about any crypto, so shut it down."

Despite the disappointing start, Brian isn't giving up hope and hopes to make Indian crypto cats happy again soon with bitcoins for rupees.

  ⚽️: Telegram and Twitter!