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The Daily LEO #183 | The UK Recession Delayed, Nexo Sues Bulgaria & Inflation Settles

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Welcome to 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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For the Fed, '3% is the new 2%' when it comes to inflation: Morning Brief

The global inflation is likely to be one of the major concerns even though it calms down through the end of the last year. For people and companies, fighting with the rising inflation will be the first way to protect their purchasing power.


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UK economy ekes out growth in November surprise — but recession still seen as inevitable

The Bank of England expects a whole year of recession for the economy of the UK. However, the positivity on the recent growth may delay the upcoming slowdown in the economy. Yet, economists do not see any other ways than a recession.



Crypto.com Cuts 20% Workforce as Firm Braces for Crypto Winter

Crypto.com has been dealing with the FUD over its operations and the rumors in crypto ecosystem. Though the company was blamed for being insolvent, it still operates without any halt during the bear market. Today the company announced that it plans to cut its workforce by 20% for the sake of sustainability.


Crypto lender Nexo wants to sue Bulgaria after office raids

Nexo is one of the earliest "crypto banking" platforms that enables crypto investors to borrow and lend cryptocurrencies by using the platform. Recently, the office of Nexo in Bulgaria was raided by the local police. As a consequence of outflow and bad reputation, Nexo sets to sue the government.


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Victims of ‘Textbook Ponzi’ BitConnect to Receive $17 Million in Restitution

Bitconnect, the legendary Ponzi project of crypto, has been under investigation for several years. As a consequence of long lasting endeavour, 800 people who lost their money in this ponzi system are going to be paid $17m restitution.



Splinterlands - Future Outlook Very Bright Hive ecosystem has one of the best Play2Earn games called Splinterlands. The game has been operating since 2018 and there are amazing updates for GameFi lovers. Check out the roadmap, new UI and increasing statistics.


You Are Invited To The First LeoFinance End-User Meet and Greet!

The growing LeoFinance community will have its first meeting and greeting event on Discord. The Lions, who are investors of LeoFinance projects and crypto veterans, will share their experience, gems and feedback with the community. Join LeoFinance Meeting .


LeoFinance is a blockchain-based social media platform for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

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