The Daily LEO #191 - Mother Of All Bubbles, Uniswap To BNB?, SEC Blocks Crypto Firms
Welcome to this edition of The Daily LEO! We pull the best articles in Finances, Crypto news and Hive/Leo into one condensed information packed space.
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The ‘Mother of all bubbles’ has popped. This strategist sees a Fed-fueled recession in 2023.
If you think the Federal Reserve wouldn’t dare keep interest rates high and risk throwing the U.S. economy into recession, Keith McCullough would like to have a chat with you. He’s convinced that 2023 will bring a U.S. corporate profit recession and a credit crunch as businesses struggle to obtain financing and pay down debt.
Like many market analysts, the CEO of Hedgeye Risk Management spent much of 2022 criticizing the U.S. central bank for allowing...
SEC Scrutiny Blocks Some Crypto Firms From Going Public
Crypto companies seeking to go public over the past year have faced increased scrutiny from the Securities and Exchange Commission, as financial distress and failures spread across the volatile industry.
Crypto-focused companies including Bullish Global, Circle Internet Financial and eToro Group Ltd. have failed to secure the SEC approvals that are required of companies going public. The firms were seeking stock-exchange listings through mergers with special-purpose acquisition companies, an alternative path to going public that thrived in 2020 and 2021 before heightened regulatory checks and market turbulence ended the SPAC boom.
Central Banks Turn To Gold As Losses Mount
In 2022, central banks will have purchased the largest amount of gold in recent history. According to the World Gold Council, central bank purchases of gold have reached a level not seen since 1967. The world’s central banks bought 673 metric tons in one month, and in the third quarter, the figure reached 400 metric tons. This is interesting because the flow from central banks since 2020 had been eminently net sales.
Uniswap holders propose ditching Ethereum for BNB Chain to deploy v3 protocol
A “temperature check” proposal to deploy the Uniswap v3 protocol to BNB Chain received overwhelming support from the Uniswap community on its governance forum.
80% of voters holding Uniswap’s UNI governance token have voted in favor of deploying the third version of the decentralized exchange protocol on BNB Chain, a rival of the Ethereum network. Ethereum network..
UK Treasury Is Looking for CBDC Head as It Explores Digital Pound
A new LinkedIn job posting from the U.K. Treasury is seeking a "Head of Central Bank Digital Currency."
"The successful candidate will be responsible for leadership of HM Treasury’s work on a potential digital pound – a U.K. central bank digital currency (CBDC)," reads the posting.
The CBDC chief will lead the Treasury team as it works with the Bank of England on the government's soon to be issued consultation on the digital pound, the listing continues. This role will fit into the existing Payments and Fintech Team and is a separate from the current head of crypto-assets and digital currencies.
Bitcoin continues price rally, posts best January returns since 2013
Since the start of the year, BTC has enjoyed remarkable growth from $16,583.18 to $23,060.14 as of press time – amounting to about 39% return in 23 days.
Over this month, the economy has grown across multiple sectors, with gold and the S&P500 up 19% and 13%, respectively, since last November. BTC has established itself as an important part of investment portfolios while experiencing outstanding price rallies.
However, since the coin exceeded over $69k in November 2021, BTC has struggled for stability. For most of 2022, BTC plummeted owing to macro factors in the global market, insolvencies, and controversies rocked the industry. The coin with the highest market cap
What The Hell is Going on With LeoMobile?
Ah LeoMobile, our illustrious and taxing friend. Many of you already know that we've had a wild rollercoaster ride when it comes to mobile apps. Some of you are in the testflight for LeoMobile and many have proclaimed how much they enjoy the mobile experience that we built.
That being said, Mobile has presented us with a ridiculous number of...
How We've Leveraged Hive to Build a Sustainable
As many of you know, we've decided to merge the Project Blank infrastructure with existing LeoFinance Infrastructure to create "The Everything App" on Hive. LeoFinance is evolving and with this, we've merged the Project Blank UI with LeoFinance. The new UI will feature Threads (Microblogging) first and Long-Form Content as a feature. This is an exciting time. It means that the User Experience of LeoFinance is about to dramatically improve.
LeoFinance is a blockchain-based social media platform for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
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This edition of The Daily Leo was published by @bitcoinflood on Leo Finance, read the original article here
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Thanks for providing all useful articles at one place keep it up nice work 👌👏
Absolutely phenomenal work collecting the financial news. Super awesome I'm going to have to double check and make sure that I really am following you because this is pretty amazing to have a bunch of this financial news consolidated in one post.
Thank you very much and have an amazing day!
Great news! Thank you for summarizing in these posts always very interesting news. After what happened to FTX, perhaps the SEC is right to carefully check the blockchain companies that want to be listed on the stock exchange. I am amazed to read that UNISWAP wants to move to the BNB Chain, it is news that I did not expect.
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