The Daily LEO # 332 Chinas Market, Paypals CEO Change and DeFi Antivirus?

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China’s youth job market is a nightmare

A new generation of unemployed, frustrated young people is now refusing marriage and parenthood, and its means to contribute to the country’s tepid consumer market are modest at best.

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PayPal taps Intuit exec Alex Chriss as its new CEO

Alex Chriss, the executive vice president of small business and self-employed group at Intuit, has been tapped to lead PayPal, the firm announced Monday. He will take on the role and join the board on September 27.

The move comes as current PayPal CEO Dan Schulman announced on February 9 that he will retire...

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Russia Launches Emergency Rate Increase to Stem Economic Turmoil

Russia's central bank jacked up its key interest rate at an emergency meeting to stem a sharp selloff in the ruble and resurgent inflation, a response to the mounting financial costs of Moscow's are in Ukraine.

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SEC delays set deadlines for Bitcoin ETF approval to early 2024
With a maximum 240-day window available to the SEC to delay crypto ETF applications, some firms could wait until March 2024 to hear decisions on filings made in July 2023.

The United States Securities and Exchange Commission (SEC) — the financial regulator with the final say over allowing a spot cryptocurrency exchange-traded fund (ETF) — may be moving closer to giving the investment...

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De.Fi's Antivirus Tool Releases on zkSync Era Mainnet

Crypto asset management product De.Fi released its antivirus tool on the zkSync Era blockchain, a company representative told CoinDesk.
The antivirus tool protects users against common malicious crypto exploits, such as phishing, smart contract vulnerabilities, blind signing, and more. Crypto traders lost over $300 million due to hacks and exploits in the past month alone...

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Sam Bankman-Fried charged with fraudulent campaign donations exceeding $100M

The filing further alleges that Bankman-Fried made donations in the names of other executives, including Nishad Singh, FTX’s former Director of Engineering. This approach allegedly intended to conceal that those donations came from customer deposits held at Alameda Research. Bankman-Fried supposedly had funds wired to executives’ bank accounts before...

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