The Daily Leo #357: Brazil rolls out blockchain-based digital IDs, Coinbase obtains license in Singapore

7 months ago

We pull the best articles in Finances, 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

👇 Scroll and be in the know!

Big Tech Profits Are Humming While Stocks Slide
The central argument for buying shares in highly valued Big Tech companies this year — unmatched prowess in generating earnings — is starting to look prescient..
The profit machines at the likes of Amazon.com Inc. and Meta Platforms Inc. are humming, with each seeing analyst projections for 2024 earnings per share rise by more than 10% ...

So the government didn't shut down (yet) — what does that mean for the stock market?
Late Saturday, President Joe Biden signed a temporary stopgap extension to sidestep yet another government shutdown. The House voted 335-91, and the Senate voted 88-9 to advance the measure. How did this get done?.....

Q3 2023 crowned most ‘damaging’ quarter for crypto amid $700M losses: Report
The third quarter of 2023 has been the “most financially damaging” quarter of the year, with almost $700 million in digital assets lost to various security incidents, according to the quarterly report.....

Sam Bankman-Fried Goes on Trial Tomorrow It is officially trial week, everyone – or as Bloomberg’s Joe Weisenthal would likely put it, “this is why we get up in the morning.” It’s been exactly nine months and 20 days since Sam Bankman-Fried got arrested at his then-home in the Bahamas. Today marks the last day before he is set to start the trial in which he will win back his freedom – or be locked up for what a federal judge says could be a “very long” time....

Coinbase crypto exchange obtains payment license in Singapore United States-based cryptocurrency exchange Coinbase is expanding operations in Singapore after securing major regulatory approval from the country’s central bank.

Coinbase has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS)...

Brazil to Issue Digital IDs for Its 214 Million Citizens Using Blockchain TechnologyBrazil is set to issue digital identification documents for its more than 214 million citizens using blockchain technology.

The states of Rio de Janeiro, Goiás, and Paraná will be the first to adopt this new system, utilizing a private blockchain developed by Serpro, Brazil's national data processing service, according to an official announcement by the government...

Hivefest 2023 | A Rosarito Recap

First off, I just want to give a massive shoutout to everyone who organized the HiveFest event this year. TheyCallMeDan, Eddie and Starkerz killed it with everything.