Welcome to this edition of The Daily LEO! We pull the best articles in Finances, Crypto news and Hive/Leo into one condensed information packed space.
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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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