The Daily LEO #188 - Renewable Energy is Growing Quickly Worldwide, Genesis is Planning to File for Bankruptcy
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Renewable Energy Is Growing Quickly Worldwide
As more and more people have growing concerns about climate change, renewable energy is becoming increasingly more important. This is something investors really need to pay attention to because it's not going to go away, and will likely continue increasing over the next decade. If investors are looking to profit from these greener sources of energy, they should seriously consider...
Treasury Inflation-Protected Securities Can Protect Your Cash During A Recession
Traditional bonds pay a fixed interest rate over the life of the bond, and you pay a face amount. With Treasury Inflation-Protected Securities, you are protected from inflation because instead of paying a fixed rate, they pay interest based on the current inflation rate. Some consider this a very safe place to put some cash because they are backed by the federal government and...
Goldman Sachs And Morgan Stanley Both Miss Earnings Estimates
The last quarter was the fifth quarter in a row of falling profits for Goldman Sachs. Despite ambitious plans to expand into the consumer banking world, their stock fell by 8% when the report came out. Morgan Stanley seems to be doing much better as they recorded $1 billion more in revenue than Goldman Sachs. With investment banking revenue falling by over...
Genesis is planning to file for bankruptcy
Genesis Global Capital, a cryptocurrency lending platform, is reportedly planning to file for bankruptcy as soon as this week. This report followed the United States Securities and Exchange Commission charging them with offering unregistered securities through Gemini Earn. The lending platform suspended customer withdrawals after the collapse of FTX, and...
Rarible adds marketplace builder for Polygon-based NFT collections
NFT marketplace Rarible announced the launch of a marketplace builder for creators to customize a marketplace for their NFTs based on Polygon. This coding-free marketplace builder allows a number of customizations such as royalty fee adjustment. The aim of the marketplace builder is to allow creators to show off their unique brand identity in their own...
Spain's central bank approves euro-linked token pilot
Banco de España has reportedly approved a project from fintech firm Monei testing a token linked to the euro. Spain gave the go-ahead to Monei to issue tis EURM token as part of a 6-12 month testing phase. During testing, eligible Spanish residents with a phone number can send the equivalents of 10 euro using the token. Thou Monei's project is not a central bank digital currency...
Cub Finance is the decentralized finance platform created by LeoFinance, and it has been very important for the growth of HIVE and HBD. They recently rolled out the flexible staking pool for CUB tokens that allow users to stake for a custom amount of time at different rates. The longer you stake your CUB tokens for, the higher the APY from the staking contract is...
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