The Daily LEO #347 - Coinbase to integrate Lightning Network, Bankrupt FTX to Sell Its Crypto, Huobi rebrands to HTX

Welcome to another edition of Daily Leo! We pick the best articles in Finances, Crypto news, and Hive/Leo into one condensed information-packed space.

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Inflation Ticks Up To 3.7%—Biggest Monthly Jump Since January It's not officially confirmed by countries about recession but the global economy has been going through slowdown and inflation is going up. Inflation has also gone up to 3.7% and it's the biggest jump in this since January this year

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The US is 'playing with fire' as oil reserves plunge to a 40-year low

The US has got oil reserves but this is alarming news for the US as these oil reserves have gone to a level of 40-year low. Because of this America's energy security is at risk and now the Biden government needs to pay attention to this. Read more about this update here

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Coinbase to integrate Bitcoin Lightning Network Recently Binance crypto exchange integrated Lightning Network and now Coinbase has announced that they are going to integrate this. With this integration users will get faster and cheaper Bitcoin transactions Read more here

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Judge Allows Bankrupt FTX to Sell Its Crypto Holdings
FTX exchange has got crypto assets worth $7 billion and now the judge has given the go-ahead to the exchange for selling. FTX would be able to sell its crypto holding including Bitcoin and SolanaRead more about this news update here

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Crypto exchange Huobi rebrands to HTX for tenth anniversary

Huobi exchange has done its rebranding on the occasion of its 10-year completion and its new name is HTX. The name resembles FTX which is a failed crypto exchange but Huobi has its reasons to pick this name. H' stands for Huobi, 'T' represents TRON with a commitment to being all in TRON, and 'X' stands for the exchange Check more here

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Hive- Generating Assets For Long-Term Wealth Creation

Hive is a great web 3.0 platform but it's highly advanced in technology. There is no comparison in the segment and even Hive keeps on evolving which is good. Hive is capable of managing multiple projects and it's scalable also so this is why Hive is one the platforms that is capable of generating assets for the long term read more here about it

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_{This edition of The Daily Leo was published by @reeta0119 on LeoFinance, read the original article here}

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