The Daily Leo #260Microsoft Stock Rises, Mastercard Profit Shrinks, USDC Stablecoin Strengthened, LeoFinance Unveils LEO Ads Protocol
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Microsoft Stock Rises with AI Wave
Microsoft beat Street’s expectations in its earnings report released Tuesday afternoon, showcasing the early impact of its high-profile commitment to artificial intelligence in its first quarter since bolstering its investment in the firm behind the viral chatbot ChatGPT. Microsoft’s $52.9 billion in sales and $2.45 earnings per share surpassed analyst estimates of $51 billion and $2.24 per share for the first three months of 2023, according to FactSet...
Mastercard, one of the world’s leading payment processing companies, reports a small pullback in profits over the first quarter of 2023, as gross dollar volume (GDV) from purchases grew at a slower pace, likely reflecting consumers’ decisions to spend less amid persistent inflation, banking crisis and an economic slowdown. Mastercard net income likely fell 1.2% from the year-ago quarter, to...
USDC Stablecoin Strengthened by U.S. Banking Crisis
The USDC stablecoin has emerged from March’s banking crisis stronger and safer, Jeremy Allaire, CEO of issuer Circle Internet Financial, said Wednesday. USD coin, a critical rail for moving money through the crypto industry, lost its dollar peg in mid-March after Silicon Valley Bank’s failure temporarily imperiled billions of dollars of Circle's cash reserves. The stablecoin issuer has...
Romania to Launch National NFT Marketplace
Romania’s National Institute for Research and Development in Informatics, known as ICI Bucharest, has announced that it will launch an institutional NFT platform to drive Web3 adoption in the country. According to Paul Niculescu-Mizil Gheorghe, ICI Bucharest’s blockchain laboratory coordinator, NFTs have become valuable assets for institutions due to their innate capability of creating unique and scarce assets. Gheorghe said...
Binance US Enables Free Web3 Domain
Binance users based in the United States are now able to set up decentralized domains that will serve as digital identities across the Web3 ecosystem through a new partnership with Unstoppable Domains. The new offering will allow users to mint “.BinanceUS” domains, providing users with easily understandable names for cryptocurrency wallets to buy, sell and transfer cryptocurrency in the Binance.US app. These unique domains also...
Coinbase seeks Clarity on Crypto from SEC
US-based exchange giant Coinbase is seeking regulatory clarity on crypto from the U.S. Securities and Exchange Commission (SEC). The top US crypto exchange has filed a motion in court to compel the SEC to respond to an earlier petition from the company requesting guidance for the digital asset industry. The court is expected to...
LeoFinance Unveils LEO Ads Protocol
With the boosting engagement around the new LeoFinance microblogging platform the LeoFinance team has unveiled the LEO Ads Protocol, to add value and revenue to the LeoFinance economy. The Leo Ads protocol is an innovative feature designed to create a seamless and powerful advertising experience that benefits both users and businesses. Leo ads are designed to be native and will lead to...
Splinterlands Launches Staked SPS Delegation
Splinterlands has launched staked SPS delegation during Monday's Splinterlands Townhall meeting and AMA. SPS is the governance token of the Splinterlands ecosystem. Staked SPS delegation will be another major improvement in the SPS tokenomics and is expected to add a new passive income source for SPS stakerholders. Staked SPS Delegation will ...
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This edition of The Daily Leo was published by Creativevoice on Leo Finance, read the original article here.
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Thanks for Daily LEO dear.
Romania's NFT market is great news ✌🏼
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Really one of the Big news of the day. Amazing how crypto is hard to be unnoticed.
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On "USDC Stablecoin Strengthened by U.S. Banking Crisis", do we need to pray for a lingering financial/banking war for crypto to thrive more? It is likely that when two commodities are in stiff competition, a marketing distraction of one could become an advantage for the other.
Maybe. But I think crypto is not competing with fiat banking, just showing a better alternative to managing money.
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