The Daily LEO #81 | New Inflation Numbers and The Merge
Welcome to the second 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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U.S Inflation slows but prices still high
Consumer price index rises scant 0.1% in August, but core rate rises sharply again and worries Wall Street. Is another large interest rate hike on the table again? this is a must read...
Google Faces 25.4 Billion In Damages
Speaking on the matter, Damien Geradin of Geradin Partners said: "It is time that Google owns up to its responsibilities and pays back the damages it has caused to this important industry. That is why today we are announcing these actions across two jurisdictions to obtain compensation for EU and UK publishers." read more...
Huge Institutional Money Could Flow Into Ethereum (ETH) Post Merge, Says Crypto Analyst – Here’s Why
The merge now just 1 day 15 hours away and ETH is stealing all the headlines in crypto. What might happen before, on and after the planned merge or could we be in for a last minute delay? read more...
CPI Inflation Numbers Effecting Bitcoin
The August Consumer Price Index (CPI) is out, showing inflation at 8.3%, rising a bit higher than expected considering gas prices declined. watch more...
Polygon (MATIC) and Starbucks Partnership
The digital assets will be collectable stamps that are in the form of NFTs. The main goal of the program is to onboard the existing customer base into Web3.These three things will be important to watch...
Why "The Merge" Is Such A Big Deal
Now for a little over $50,000 at current prices when the switch happens you could run your own Ethereum node. That's less than 50 GPUs when costs were crazy high because everyone was buying up over priced GPUs to mine Ethereum. Well now all that money for power, buildings, wiring, gpus and power supplies can be put directly into the Ethereum token itself learn more...
Private Bank Money Was Usually The Norm
This differs from central bank money which are bank notes and reserves, neither of which are applicable for the broad economy in the digital age.
Ultimately, the monetary system is always about who controls the ledger. In this era, as in many in the past, it is the banking industry.
This is something that blockchain will change. read more...
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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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solid issue, ser
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thank you thank you
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Nice update!
I sometimes ponder the emerging reality that our desire to have crypto be more "mainstream" comes with the side effect that crypto increasingly moves with the legacy economy. Negative inflation news? Stock market dives and crypto dives. Maybe that's just part of the maturation for an industry...
Even so, "running to crypto" when mainstream financial options look sketchy doesn't seem as much as much of a realistic bet as it did even five years ago... but I could be reading it all wrong!
=^..^=
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