The Daily LEO #316 XRP Ruling Reversal? and Cathie Wood, ARK 1.5 Million
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Just blaming wage growth for inflation is misleading and dangerous
Excessive wage increases are increasingly being framed as the sole cause of a UK inflation problem that is causing mortgage difficulties and forcing families to make tough choices with their shrinking purchasing power.
While this message gained traction recently due to the latest wage data and inflation warnings from the UK chancellor and the Bank of England, it is partial and can easily mislead. It oversimplifies the inflation challenge and...
US Dollar Could Soon Wipe Out All Post Pandemic Gains
he slide in the U.S. dollar in the last eight months could mean that mean all of its gains in the wake of the coronavirus pandemic will soon be lost, according to Kit Juckes, a macro strategist at Société Générale who has been a long-time currency analyst.
Juckes said in a note shared with SocGen clients and the media on Tuesday that he expects the greenback could return to its lows from...
China's Flagging Economy Has Global Impact
Weaker-than-expected domestic consumption demand weighed on China's second-quarter GDP growth, leading to dips in European equities exposed to the Chinese market and prompting some investors to lower expectations of future rate hikes by the Fed.
A former high-ranking official of the U.S. Securities and Exchange Commission (SEC) thinks the recent ruling in the regulator’s high-profile lawsuit against Ripple is primed for reversal on appeal.
John Reed Stark, who founded the SEC’s Office of Internet Enforcement and spent 11 years as its chief, says in a new LinkedIn post that US District Judge Analisa Torres’ ruling “resides on shaky ground.”
Valkyrie ‘BRRR’ spot Bitcoin ETF enters SEC’s Nasdaq rulemaking list
The United States’ Securities and Exchange Commission has accepted Valkyrie’s Bitcoin BTC exchange-traded fund (ETF) proposal for official review.
According to data from the SEC’s Nasdaq rulemaking list, the proposal entered the official docket on July 17.
Valkyrie’s listing on the docket is the second spot Bitcoin ETF proposal being considered by the SEC, coming just a few days after the SEC published BlackRock’s proposal on July 13.
Cathie Wood, ARK Invest still anticipate $1.5M Bitcoin after US banking crisis
ARK Invest CEO Cathie Wood has expressed that the company’s confidence in Bitcoin reaching a price of $1.5 million within the next decade has increased.
On Bloomberg TV on July 17, Wood commented that the aftermath of the regional banking crisis in March has made ARK’s “bull case” for Bitcoin increasingly likely.
According to Wood, the banking crisis resulted in investors flocking to Bitcoin, even amidst a general meltdown in the stock market. This “flight to safety” caused Bitcoin to rally to almost...
A new era for LPUD
As most of you know, LPUD just got revamped.
The reasons for this revamp are simple: The market conditions are different, the price of $LEO has almost 3x in the past couple of months, the ratio of HIVE:LEO has changed from being 10:1 to being 4:1, and most importantly, the inflation of $leo has dropped by 80% since May.
In a year, we have powered up more than 5M $LEO, which ultimately affects...
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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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