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S&P 500 Faces huge drop as Inflation Remains High
Stocks stumbled yesterday after last month’s inflation report logged a steeper-than-expected jump in consumer prices, and this makes investors worry that the Federal Reserve will keep raising interest rates to combat inflation. The losses—which wiped out a large portion of...
Twitter holders give OK for $44B sale to Musk
Twitter (NYSE:TWTR) shareholders have overwhelmingly approved its $44B deal to be acquired by billionaire Elon Musk, with about 98.6% of votes cast in its favor during its special shareholder meeting Tuesday. This is a seemingly foregone conclusion, but now just another milestone as the deal speeds toward a mid-October trial...
Fidelity, Charles Schwab, and Citadel Securities To Launch Crypto Exchange
Three financial giants, Charles Schwab, Citadel Securities, and Fidelity Digital Assets have merged to form a Bitcoin and cryptocurrency exchange named EDX Markets (EDXM). The cryptocurrency exchange will be first-of-its-kind and led by Jamil Nazarali, a former senior executive...
ETHW Core to push on with Ethereum PoW fork 24 hours after Merge
The long awaited major upgrade on the Ethereum blockchain, Ethereum Merge is just around the corner, but not everyone is excited about it. A group, ETHW Core plans to split off from the main ETH blockchain and maintain a PoW version to keep ETH mining alive beyond the Merge...
Norway Releases Source Code for Digital Krone Sandbox, Utilizes Ethereum Technology
A crypto company (Nahmii Fintech) working with Norges Bank, the central bank of Norway has published the source code for the sandbox created to trial the digital version of the Nordic nation’s fiat currency. The prototype digital krone is being built on the Ethereum network and the regulator wants to test various technologies and...
Web3 is creating a new genre of NFT-driven music
Music-related use cases for Web3 technologies are piling up as the industry goes all in on adoption. Music-related utility created spans from democratizing song rights royalties and blockchain licensing to legacy companies like Sony Entertainment filing patents for nonfungible token- (NFT)-authenticated music. Already, some electronic dance music and pop seem to be picking up the...
Ahead of the riftwatchers presale, Splinterlands company has released the whitepaper for Genesis League Sports (GLS), a platform for blockchain-based sports-related play to earn games and NFTs. GLS whitepaper outlines tokenomics, governance, platforms, roadmaps, and how everything will work in the GLS ecosystem. Genesis League Governance (GLX) Token will be the...
Leo Power Up Day is coming and there’s a BADGE for it!
September edition of LEO Power Up Day or LPUD comes with a spice of fun and perhaps in prep for a possible NFT in the future. This is as Hivebuzz, a notification service tool created badges for this month and subsequent editions of LPUD. LPUD is less than 12 hours away (September 15, 2022) and tons of leoFinance users will...
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This edition of The Daily Leo was published by Creativevoice on Leo Finance, read the original article here