Crypto News Daily – May 11, 2022

Last Updated on May 11, 2022

Coinbase Shares Plunge as Company Reports Q1 Losses of $430M:

Townsquare Media, A New York Media Company, Purchased $5M Worth Of Bitcoin:

Google Cloud Unit Supports Web3 Developers By Creating A New Unit:

Interview Hoskins:

KuCoin Bags $150M at $10B Valuation to Focus on Web3, NFT, and DeFi:

Crypto Analytics Firm Chainalysis Raises $170M at $8.6B Valuation:

If this price action is scaring you,

(An opinion from BTC Mag)
Take a deep breath and remind yourself of the fundamental utility bitcoin provides the world. Bitcoin is a distributed, peer-to-peer cash system with a fixed supply of 21 million that provides individuals the world over with a monetary system that is wholly separated from the parasitic system that is wholly dependent on cheap debt and the ability to kick the can down the road. With the potential for stagflation hitting the U.S. economy and the Federal Reserve completely out of ammo, the road is coming to an end. Truman Show style. At some point soon the Fed and the Treasury are going to try to kick the can further down the road and it is going to bounce off a wall with a road drawn on it.

When that happens, Bitcoin will be there waiting. Producing blocks and facilitating peer-to-peer transactions for anyone who can access the software to receive and broadcast transactions. This is a blessing. Never forget it.