The Daily LEO #156 SBF Arrested and Charged, Threads Future and CPI Numbers

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Sam Bankman-Fried Charged With Eight Criminal Counts

U.S. prosecutors unsealed eight criminal counts against Sam Bankman-Fried on Tuesday, charging the former FTX boss and one-time cryptocurrency billionaire with wire fraud, money laundering and other criminal acts, following his arrest Monday in the Bahamas weeks after his crypto exchange collapsed. Review all 8 of the charges here

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‘Inflation Is Behind Us’? Dow Jumps 500 Points Even As Some Say Inflation Will Long Remain ‘Stubbornly High’

Stocks shot up early Tuesday as investors welcomed a cooler than expected inflation report with open arms, though some say it’s far too soon for the market to declare victory against inflation.

Consumer prices rose 0.1% in November according to Labor Department data released Tuesday, its lowest monthly increase in over a year and coming in lower than estimates, while prices were up 7.1% in the 12-month period ending in November
Get the full breakdown of the markets and economy here

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CPI comes in cooler than expected in November

November Consumer Price Index: +0.1% vs. +0.3% expected and +0.4% prior. That's the lowest inflation rate in more than a year, indicating that the Federal Reserve's aggressive rate-hiking moves are filtering through the economy to reduce demand. Get the full CPI report here

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Crypto hotspots continue to thrive despite FTX collapse

Crypto-friendly cities throughout the world report growth and innovation despite recent events.

The sudden failure of FTX has left many people questioning the impact this will have on the cryptocurrency ecosystem. For instance, it remains questionable whether or not crypto hotspots will continue to flourish or if there will be a decline in innovation.

While it may be too soon to fully understand the impact of the FTX collapse, industry leaders within crypto-friendly geographies believe that the FTX failure will not hamper innovation.

Check Out The growth sectors of crypto here

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Ledger hardware wallet adds DeFi tracking feature

The Ledger Live app, which pairs with Ledger hardware wallets, integrated a new DeFi tracking feature to monitor performance analytics of over 1,000 protocols.

Users and developers are seeking out ways to stay both safe and informed after a year of volatility and uncertainty. During this shift, the hardware wallet developer Ledger announced a new integration for users to track the value of their assets.

Ledger and Merlin, a decentralized finance (DeFi) portfolio tracker, announced their new partnership on Dec. 13 to bring live DeFi performance analytics to Ledger Live users. The app, which connects to Ledger’s cold storage wallets, services over 5 million users.

Check out the new feature ledger is offering ahead of its new wallet update

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Live Coverage: U.S. House Committee Holds Hearing on FTX Collapse

The House Committee on Financial Services is holding a hearing "Investigating the Collapse of FTX." John J. Ray III, the new CEO of the bankrupt crypto exchange, is testifying.

Watch The Live Coverage Here

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The Vision of Threads
Throughout the process of building out our brand new UI - the originally intended standalone ProjectBlank UI - a question has reverberated: what is the purpose of Threads.

This story goes all the way back to the inception of the idea of ProjectBlank. We started out with an idea that we would create a spinoff of the LeoFinance project into our own standalone Twitter app. While this standalone app is still on the table, we have changed course quite a bit. Get the full vision of threads from Khal himself

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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.

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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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