Tesla Competition, Next Phase Of DeFi and 2022 Winners and Losers

The Daily LEO 169

Dec 28

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.

Be sure to follow @thedailyleo so you never miss the Daily LEO. You can also subscribe to the newsletter here Subscribe to the Daily LEO

Tesla heads for longest losing streak in 4 years

Tesla Inc. shares were down more than 6% to $114 per share as the electric vehicle maker was one of the worst performers on the S&P 500. The company's stock has fallen nearly 70% since the start of the year as CEO Elon Musk's complicated takeover of Twitter Inc. and production issues in China have hurt the erstwhile market darling. The drop has wiped more than $125 billion off Musk's net worth. What's next for tesla and its rivals

Inside the lives of some of the most powerful people on Wall Street

Seeing as this week should be a quiet one, we decided to take a trip down memory lane. We're highlighting profiles we've done of some of the most powerful people on Wall Street.

They are, as you will see, largely white males — a telling reminder of who still wields the power throughout most of Wall Street. Take a look into the lives of wall streets best

Massive Government Borrowing Looms Over European Markets

Investors are bracing for European governments, led by Germany, to flood the market with new debt next year as they spend heavily to shield their economies from high energy costs.

Governments in Europe are expected to increase bond issuance by 10% to €1.2 trillion in 2023, equivalent to around $1.27 trillion, according to data from Danske Bank A/S that covers 13 countries. That comes as the European Central Bank steps back from its role as a voracious buyer of eurozone government bonds, with plans to start shrinking its bond portfolio starting in March. What's next for the bond market...

Top five crypto winners (and losers) of 2022

Cointelegraph looks back on the best and worst-performing cryptocurrencies of 2022 among the top 100 assets by market capitalization. We used the highest and the lowest year-to-date (YTD) returns through the close of Dec. 25, 2022.

Overall, Cryptoindex.com 100 (CIX100), an index that tracks the 100 best-performing cryptocurrencies, fell nearly 68% YTD, suggesting most top coins underperformed in 2022. Click Here to See The Top 5's

DeFi Is the Way Forward, but It Needs to Evolve

The technical foundation of DeFi has proven to be incredibly resilient to the catastrophic market events of the last few months. The opportunity for building a new generation of financial services on DeFi rails has never been bigger, but the space needs to address some notable challenges. What needs to change with DeFi listed here

Research: The Antminer profitability crisis

Bitcoin’s fall from its all-time high to a low of $15,700 has been one of the most dominating narratives this year. Bitcoin lost 75% of its value since Nov. 10, 2020, and over 65% since the beginning of the year.

However, a much more remarkable story than Bitcoin’s volatility is the divergence between its price and its hash rate.

Despite losing three-quarters of its value in a year, Bitcoin’s hash rate reached its all-time high of 271.8 EH/s. This divergence between the hash rate and the price is a unique occurrence that hasn’t happened in any of the previous bear markets. How will antminer deal with these changes?

What is impermanent loss in crypto? - SIMPLE

Impermanent loss occurs when the value of assets in a liquidity pool changes while they are being held in a liquidity pool.

This can happen in decentralised finance (DeFi) when the market price of one of the assets in the pool changes significantly, while the other asset in the pool remains relatively stable.

Learn about Impermanent loss in simple terms here

LeoFinance is a blockchain-based social media platform for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.