Welcome to The Daily Leo! We pull the best articles in Finance, 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 Is XRP Really All It's Cracked Up To Be?XRP, launched in 2012, was originally designed for cross-border banking but has shifted focus to retail adoption, introducing tools like the Xaman wallet. Despite legal battles with the SEC and concerns over centralization, XRP’s price has gained momentum due to its decreasing supply. However, its move toward smart contract capabilities raises questions about its original purpose. Investors should approach cautiously, especially during price spikes. MyGate - VPS Decentralized Web3 ecosystem!The post explores the growing potential of DeFi and DePIN sectors for generating passive income, highlighting increased Total Value Locked (TVL) in DeFi and the rise of DePIN projects like MyGate, Nodepay, and Hyra. These projects provide unique opportunities for earning through browser extensions, mobile apps, and utility tokens, with MyGate gaining traction via partnerships and a large user base. The author emphasizes diversification, citing the long-term potential of the DePIN machine economy built on ecosystems like Solana and Peaq, while reminding readers to conduct thorough research before investing. Namibia Flips The Script: Central Bank Grants Provisional Approval To Crypto Firms On January 13, 2025, the Bank of Namibia provisionally authorized Landifa Bitcoin Trade and Mindex Virtual Asset Exchange to operate as Virtual Asset Service Providers (VASPs) under Namibia’s Virtual Assets Act of 2023. This provisional approval is the first step in a two-phase regulatory process requiring full compliance before operations can commence. Namibia joins countries like Nigeria and South Africa in recognizing cryptocurrencies, marking a significant shift from its earlier warnings against crypto use. The central bank aims to create a regulated, safe financial environment, combat money laundering, and protect consumer interests while fostering crypto adoption. Swiss State-owned Bank PostFinance Launches ETH StakingSwitzerland's state-owned PostFinance bank now offers Ethereum staking, allowing customers to stake as little as 0.1 ETH directly through their accounts. This move lowers the entry barrier, integrates staking rewards into account statements, and reflects the bank's broader push into digital assets, solidifying Switzerland's role in crypto adoption. InLEO 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. The Daily LEO is free today. But if you enjoyed this post, you can tell The Daily LEO that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
Saturday, January 18, 2025
Namibia Flips The Script: Central Bank Grants Provisional Approval To Crypto Firms
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