The Daily LEO #295 | U.S. Economy Shows Strength, China Tries to Stimulate the Market & Investigation on Binance

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US economy shows 'more signs of strength than weakness' in latest data deluge

Retail sales exceeded expectations, and manufacturing activity showed signs of resilience, according to the weekly report on initial jobless claims. The labor market showed some softening. The stable interest rate was said to be followed by 2 more expected interest rate hikes by the FED ...

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China’s economic recovery is stalling. Here’s what to expect next

China is on the verge of deflation, and a slew of economic data—from industrial production and fixed asset investment to retail sales and trade—have disappointed. There might be a need for broader stimulus as rate cut has a limited impact ...

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Binance Under Investigation in France for 'Aggravated' Money Laundering

Dark clouds are not leaving crypto ecosystem alone. The Paris public prosecutor's office told CoinDesk that local authorities are looking into Binance's French unit for "acts of aggravated money laundering" and the "illegal" provision of digital asset services. The pressure on the leading crypto exchange keeps increasing ...

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Binance is leaving the Dutch market: Here’s when

Today is not the best day for Binance team. Binance is set to leave the Netherlands as the crypto service provider was not able to meet a criteria based on anti-money laundering policy in the Dutch market. Overall, the case of the SEC, the investigation in France and the departure from the Netherlands ...

FDIC Targets Crypto Exchange OKCoin Over ‘False’ Insurance Assertions

The crypto exchanges are in trouble with the policymakers. The FDIC stated that OKCoin crypto exchange did not make the difference between U.S. dollar deposits and crypto assets on their operations and it might create a "misleading" impression. ...

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Beta Adventures & Bug Bashing: Unmasking LeoFinance's Revamp & Novelty in UI

LeoFinance ecosystem has lots of dApps that connect Hive ecosystem with other blockchains. May was the month of Bug hunt for LeoFinance developers and new updates are added to the LeoFinance User Interface and other services. Explore the updates by the team ...

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Why LEO is on Upward Movement?

Price of LEO drastically increased while the whole crypto market was dropping. There are a couple of main reasons for that occasion. Since May 3, the inflation of LEO dropped to 5k - 6k levels from 25k and the buy-back mechanism drains the Hive-Engine open market's limited liquid LEO tokens ...

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5 comments
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Leo's price is going up and its good for us. Nice compilation bro

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Thanks for your attention.

I really wonder the limit of LEO token 😌

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As much as China continues to try and grow they seem to actully be seriously struggling to really get things moving again. I guess that's what happens when you start bad mouthing the rest of the world and acting shady AF they kind of no longer want to do business with you.

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Thank you for these news updates. Tough times for cryptoverse with most countries becoming more tight with their stand against crypto.

Meanwhile, LEO is doing well amidst all the noise around.

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