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No, Credit Suisse Won’t See A ‘Lehman-Style Explosion’—Here’s Why
Concerns about the financial health of Swiss banking giant Credit Suisse over the weekend have led to fresh market fears of another meltdown similar to Lehman Brothers’ collapse in 2008. Rumors abound that Credit Suisse’s capital position is at great risk, with shares plunging to new lows on Monday and the cost of insuring the bank against default surged to its highest level in more than two decades. Here's why that won't happen from experts
Is a US recession the best thing that can happen to emerging economies?
“US recession now!” doesn’t really seem like the most obvious rallying cry for emerging economies. Yet the fact is that a US recession may well be what’s needed to make room for a reliable decline in real US interest rates, and a reliable weakening of the dollar.
The idea that capital flows will return to...
Tether commercial paper exposure now under $50M — CTO
Stablecoin issuer Tether has nearly completely slashed its commercial paper holdings, with less than $50 million worth of commercial paper units as of Sept. 30, 2022.
Tether chief technology officer Paolo Ardoino made the announcement in an Oct. 3 tweet, adding also that Tether’s United States Treasury bills increased to 58.1% of its total portfolio, up 25.1% from its June 30 figure of 43.5%. Get the full details on Tethers portfolio update here...
Decentralized Social (DeSo) stands out in flat market, up 156% over past month
DeSo bills itself as a layer 1 blockchain with the express intent of decentralizing social media, particularly regarding scaling “storage-heavy applications.”
Its whitepaper states that the blockchain industry has done little to scale social media applications, instead choosing to focus on decentralized finance (DeFi). However, the DeSo team believes social media is “just as large, if not larger” than DeFi.What does DeSo have to offer? Find out here...
Answering Questions About Earning LEO and Talking LEO POWER Leases on LeoFi
Most people are looking for ways to earn LEO and this is one of those ways. I answer the question but then jump to the topic of LeoFi and other ways to earn - since Miners aren't always the greatest / easiest thing to jump into. Watch the short clip here to find out how...
Hive Backed Dollar: The Anti-Thesis Of USDC
The position that the Hive Backed Dollar (HBD) could occupy is becoming clearer. A lot of it has to do with what is transpiring around the industry. Between regulation, the threat to the banking system, and the upcoming sovereign debt crisis, it is evident that something has to step up. See how HBD is a cut above USDC
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This edition of The Daily Leo was published by @bitcoinflood on Leo Finance, read the original article here
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