The Daily LEO #124
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Recession indicator warning signs ahead
As the Federal Reserve prepares for another huge interest rate spike to cool the economy, the Fed is pointing to ongoing resilience in corporate profits. There may still be time for the economy to unwind prior to a full on recession...
Supply bottlenecks have eased but inflation hasn't
Since the beginning of the COVID-19 pandemic, the U.S. has been facing severe supply chain issues driving up the prices of goods such as lumber and computer chips. While supply shortages are easing, inflation rates are continuing to...
Moneygram to allow users to trade crypto in app
Moneygram announced on November 1st that it will allow users to manage, buy, and sell cryptocurrencies within its mobile app. Naming Bitcoin, Litecoin, and Ether as the main cryptocurrencies that will be supported on its platform, they plan to add more in...
MakerDAO co-founder Nikolai Mushegian dies
The co-founder of Ethereum-based DeFi platform MakerDAO and the DAI stablecoin was pronounced dead on October 29th. He made waves in the crypto space by working on projects such as RAI algorithmic stablecoin and Balancer. He apparently died due to...
Elon Looking At Building The Hive Financial Network
While some people seem confused as to why Elon Musk would pay such a high premium for a platform like Twitter, we realize that he is just trying to create what Hive already has. He has stated that he plans to integrate Payments into the social media platform and due to his background, this seems highly likely. With the Hive ecosystem, we already have the "everything app" that he is...
CUB Monthly Report | October 2022 - 350k CUB Bought & Burned, bHBD & bHIVE Liquidity Depth Grows 30%
Cub Finance, the DeFi platform built by the LeoFinance team, has been implementing a lot of changes and they have had very positive impacts on the platform. Revenue from the Multi-Token Bridge has started to outpace the inflation rate of the CUB token, and the latest monthly report is here. Take a look at the comprehensive report and...
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