UK Banks and Crypto, CZ Flags Other Exchanges

The Daily LEO #244

Bitcoinflood

Apr 4

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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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UMass Economist: ‘There are Other Sectors We Don't Even Know About Waiting to Explode’

We asked Wolff what parts of the economy could break as the Fed’s benchmark interest rate—at its highest since 2006—keeps climbing:

"It breaks the banks because most of them have bought long-term bonds, whose prices go down as interest rates go up, which is something you learn in the equivalent of a first grade in studying economics, but...

Germany Considers Banning ChatGPT Over Data Privacy Issues

The decision by Italy's data protection authority to block access to Microsoft-backed OpenAI's ChatGPT last Friday, citing alleged privacy violations, may have kicked off a trend of European countries banning the AI chatbot.

Reuters reports a spokesperson for the German Federal Data Protection Commissioner told the...

Oil Extends Gains on OPEC+ Surprise Cuts

Both benchmarks jumped more than 6 percent on Monday after the Organization of the Petroleum Exporting Countries and allies including Russia, collectively known as OPEC+, rocked markets with Sunday’s announcement of voluntary production cuts of 1.66 million barrels per day (bpd) from May and until the end of 2023.

UK banks are turning away crypto clients: Report

Crypto companies are facing difficulties accessing banking services in the United Kingdom, according to multiple sources interviewed by Bloomberg. The few banks still working with crypto firms are requesting more documentation and information about how they monitor clients’ transactions.

Challenges include having applications rejected, accounts frozen and...

Binance Market Share Hits Lowest Since November After CFTC Lawsuit, End of Zero-Fee Trading

Binance remains the world’s largest crypto exchange by volume, but it’s seen a dramatic drop in market share after a U.S. regulator accused it of fraud and the exchange eliminated zero-fee trading for some trading pairs.
Its market share relative to other crypto exchanges has sunk to 54% from 70% two weeks ago, according to data from research platform Kaiko. That’s the lowest since...

CZ says latest FUD was likely sponsored by another exchange

Binance CEO Changpeng ‘CZ’ Zhao said the latest FUD — fear, uncertainty, and doubt — about him was likely planted and sponsored by a rival exchange.

In an April 4 tweet, CZ pointed out that the rumors were “only spread by crypto news outlets and key opinion leaders.” He described the actions as “very petty,” adding that it “hurts the [crypto] industry and hurts themselves.”

On April 3, rumors emerged that Interpol had issued a red alert notice for CZ.CryptoSlate reported that it did not find any mention of

What Would You Do With $10k Per Month Passive Income?

Let's say that you had the ability to earn $10,000 per month passively. Your income was a 100% guarantee. Let's assume that your expenses are lower than $10,000 per month.

What would you do with your time? Money is no issue. You no longer have to work and now you just get to do whatever you feel like...

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