The DAILY LEO #80 | Bitcoin ETFs, Near Digital Collective & Decentralized Twitter Killer

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Hong Kong’s Reopening Hinges on Vaccination, Finance Chief Says

As per Hong Kong's Financial Secretary Paul Chan, to fully reopen the region to outside world, they need to double down their vaccination efforts. As per the latest official data, just under 75% of the population aged 12 and older have received three doses of Covid vaccines. To resume international travel completely and stabilize the economy, they are targeting higher immunization levels...

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Australia Financial Crimes Regulator Opens Investigation Into Britain's Entain

Britain's sports betting company Entain is under Australia's Financial Crimes Regulator's radar w.r.t. anti-money laundering and counter-terrorism financing laws. Australian Transaction Reports and Analysis Centre (AUSTRAC) has started a probe to see whether Entain was complying with AML/CTF and if not, they will be penalized and asked to form proper processes to comply with set obligations by the local government...

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A Bitcoin ETF Is Long Past Due, Crypto Lobbyists Say in New Report

As per the latest report published by The Digital Chamber of Commerce, a Washington, D.C.-based crypto advocacy group SEC is doing a disservice to American investors but not allowing to invest via exchange-traded funds (ETFs). Crypto lobbyist group also thinks that this investment vehicle would allow investors to easily get involved with the crypto space...

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Algorand Foundation Outlines $35M Exposure To Crypto Lender Hodlnaut

In a tweet published on 11th Sept, Alogrand foundation disclosed publically about their USDC exposure to Hodlnaut after they suspended withdrawals from their platform on August 8, 2022. They are set to take all legal actions possible to recover the funds which are locked right now but not accessible...

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NEAR Protocol Forms Working Group to Promote DeFi Governance

NEAR, a layer 1 blockchain protocol to develop decentralized application, has formed a group called the Near Digital Collective (NDC) to set standards for self-governance. This would make the network more decentralized and transparent. NEAR Token will be the governance token around which all governance frameworks will be made by NDC...

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The Merge: Opportunity to Earn Free Money on CoinMarketCap

As per the latest update, Ethereum merge will happen on September 15th and after that the consensus protocol will move from Proof of Work (PoW) to Proof of Stake (PoS). If you have a registered account on CoinMarketCap, then you are eligible to win 1 ETH and other interesting prizes.

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Splinterlands DEC $1 Peg is Fascinating

All in-game purchases can be bought with either credits or DEC. 1000 DEC is SUPPOSED to be pegged to $1. Credits ARE dollars. When you send $1 to Splinterlands they credit the account for 1000 tokens, thus they are guaranteed to be worth one dollar no matter what. The trick comes in by allowing anyone to use either asset to buy things. If DEC drops below the peg, then it becomes cheaper to buy things with DEC over credits (and vice versa)...

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Leo #Threads is the Twitter Killer!

Twitter is owned by an organization and the focus of this tech company is to generate revenue as much as possible through advertisement or other possible ways. They are not bothered to reward the content creator because the user base is a product for them and through this, they earn huge revenue. With threads, things are just the opposite because the user base is not a product instead they get rewards for content creation and/or engagement.

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_{This edition of The Daily Leo was published by @thedailyleo on Leo Finance, read the original article here}

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