Major Coins See Red Following Reports That FOMO Fueled May’s Rally, Nearly $10 Million in XRP Stolen, & Other News

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One-minute letter by Cointelegraph Crypto markets see red following reports that May's rally was fueled by fear of missing out.   GateHub estimates that hackers have managed to compromise around 100 XRP Ledger wallets, with reported losses of nearly $10 million.   Custody and market manipulation need to be dealt with before a cryptocurrency ETF can be approved, said SEC Chairman Jay Clayton.   Microsoft has registered a suite of apps using blockchain, IoT and AI to improve agricultural sector efficiency in Brazil.   A U.S. congressman proposed tax breaks for cryptocurrencies, arguing that current IRS codes are unreasonably demanding and deterrents to blockchain businesses.   Latest news and memes, one app, 24/7 — subscribe to our Telegram channel 1.5 mln people follow us on social media Download our official free app

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