The Daily Leo #128 FTX Storm, Mastodon and DeFi Mainstream
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The price of bitcoin fell below $20,000 on Monday—dropping alongside other major cryptocurrencies—amid concerns about the financial health of FTX, one of the world’s largest cryptocurrency exchanges, a day after competitor Binance announced it would dump FTX’s token. Get the full timeline on Forbes
If you are reading this article, chances are you’ve heard of Mastodon—a supposed alternative to TwitterTWTR +0.7% that’s been all the rage lately.
Founded in 2016, Mastodon is an open-source, decentralized social network. In the past weeks, it received a lot of attention as people increasingly ditch the blue bird that’s getting a lot of heat due to layoffs and controversial policy changes.
Learn how to invest in Mastodon here
Facebook Parent Meta Is Preparing to Notify Employees of Large-Scale Layoffs This Week
Meta Platforms Inc. META 6.53%increase; green up pointing triangle is planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be the largest round in a recent spate of tech job cuts after the industry’s rapid growth during the pandemic. Facebook Parent Meta Is Preparing to Notify Employees of Large-Scale Layoffs This Week
JPMorgan and Two More Banking Titans Conduct First Blockchain-Based Trade in New DeFi Pilot
JPMorgan, DBS Bank and SBI Digital Asset Holdings just completed the first live trades for the program’s first industry pilot, where they traded tokenized government bonds and executed foreign exchange transactions using tokenized Japanese yen (JPY) and Singapore dollars (SGD).
See how this new phase could usher in massive to defi
Japan’s largest mobile operator to establish Web3 consortium
NTT Docomo, Japan’s largest mobile operator with over $40 billion in annual revenue, partnered with multichain smart contract platform Astar Network to accelerate the Web3 implementation in the country. The joint effort will take the form of a consortium, which would give individuals and corporations the ability to utilize tokens for governance.
Here's how Japan is making waves in web3
Ethereum Shanghai upgrade: EIP-3651 to cut gas fees for key network participants
Ethereum’s Shanghai upgrade, the next major upgrade post Merge, is slated for the second half of 2023. The upgrade would be a key milestone as it would allow holders who have staked their Ether (ETH) for years to withdraw them systematically and make the network more scalable.
Learn more Shanghai upgrade: EIP-3651
Evolving the LeoVerse
This update is huge for the LEO token and the set of the everything app built by the LeoFinance team that I wanted to make sure you didn't miss it.
There is so much happening in the LeoVerse lately. We are always saying that but the truth of it becomes ever more so as the days pass. There has been a flood of applications to join our Dev Team and we have been onboarding a lot of talent throughout this bear market. Read the roadmap here
Argentine neobank launches crypto trading services - this is just the beginning
Uala, an Argentine neobank backed by George Soros, has launched cryptocurrency trading services for its users in Argentina. Customers of the company with the highest loyalty levels are now able to trade, purchase, and sell bitcoin and ether through Uala’s platform. The service is expected to be expanded to all customers in the coming weeks.
See how the world is drastically shifting towards crypto
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This edition of The Daily Leo was published by @bitcoinflood on Leo Finance, read the original article here
Posted Using LeoFinance Beta
Amazing piece of news @bitcoinflood. I was actually touched by the effort of Japans largest operator to tokenize governance. I really wished such a move would be done by telecom companies in my Country.
A lot has been said about this. But then, I see it opening up governance in various countries and give citizens more free and fair opportunities to contribute to legislation and other aspects of governance in the country. This is what we need. The future of governance is decentralized.
Progress is Progress and it's good to see. Feels like crypto is on the right track despite the flaws that continue to keep coming up.
Posted Using LeoFinance Beta
Great selections fren
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👍
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https://twitter.com/777743941617713152/status/1590035824107659264
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I know this scenario might happen since meta stock started falling,mark make mistake of pouring too much investment on the so called metaverse from the start
Posted Using LeoFinance Beta
This is why when I was in the work force I released every job you do is expendable. It's never worth working your butt off for someone else. Layoffs are a nessasry part of any business to cut the fat.
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From one of the world's biggest crypto exchange to nothing. FTX went downhill a little too much and a little too early. I hope people are safe!
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There's been so much going on lately!
Great daily picks!
reg Mastodon, I still cant figure out why ppl are using it...
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Congratulations! You've been featured in Cryptocracy https://cryptocracy.substack.com/p/web3-wednesday-lbrys-lbc-ruled-a
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I'm so glad I came across this article! I've been wanting to Develop a Neobank App for a long time, but didn't know where to start. The author does a great job of explaining all the key elements involved in building a neobank app, from building the technical infrastructure to navigating the legal and regulatory requirements. This article is a must-read for anyone who wants to start a neobank.