The Fed Easing Up On Inflation, Coinbase’s Class-Action Lawsuit, A Look At The Hive Debt In 2022

The Daily Leo #199

Eric [anomadsoul]

Feb 2

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Is The Fed Easing Up On The Inflation Fight?

After easing back from a 75 basis point hike in November to a 50 basis point hike in December, the Federal Open Market Committee (FOMC) delivered an even smaller 25 basis point hike at its February meeting. With the most recent rate increase, the target range for the federal funds rate is between 4.5 and 4.75%. The mainstream narrative is that...

Public Offerings Fell Sharply in 2022

Global equity issuance for 2022 plummeted 66.6 percent from last year, to $351.76 billion, levels not seen since 2006. The total value of initial public offerings (IPOs) dropped 71.3 percent for the year. Corporate merger and acquisitions (M&A) total value of deals fell 35.8 percent. “Lower equity prices and greater volatility gave issuers little incentive to...

Bank of China ex-advisor calls Beijing to reconsider crypto ban

Huang Yiping, a former member of the Monetary Policy Committee at the People’s Bank of China (PBoC), believes that the Chinese government should think again about whether the ban on cryptocurrency trading is sustainable in the long run. Huang voiced his concerns about the future of fintech in China in a speech in

Judge Throws out Coinbase's Class-Action Lawsuit

Former Coinbase customers filed the class-action lawsuit against the exchange in a New York City federal court in Oct. 2021. The aggrieved parties accused Coinbase of facilitating the sale of unregistered securities on its platform. They believe its sale of 79 digital assets constituted illegal contracts, as the exchange is not...

Bitzlato to Restore Operations and Withdrawals From Russia

Crypto exchange Bitzlato is taking steps to restore operations and immediately permit customers to withdraw bitcoin, one of its founders, Anton Shkurenko, said in an interview. In January, the Hong Kong-registered platform was busted as part of an international law enforcement action described by U.S. authorities as a...

A Look At The Hive Debt In 2022

The Hive debt is an essential parameter for the Hive ecosystem. The stability of the HBD depends on it. If the Hive debt grows above the debt limit that is set by the code, then the value of HBD will drop. Since the last Hardfork in October 2022, this limit is set to be at 30%. Before, it was set to 10%.

Lets take a look how has the debt performed in the last year market conditions.

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