Posts

The Daily LEO #176 | Sam Bankman-Fried Pleads Not Guilty, SpaceX $750 Million Funding Round

avatar of @l337m45732
25
@l337m45732
·
·
0 views
·
3 min read

Welcome to this edition of The Daily LEO! 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



Should You Buy A House In A Recession?

As the new year starts off with many people looking to potentially buy a house, there may be concerns we are in a recession. Despite the fact there has been no official announcement we are in a recession, it's best to prepare for the worst. Many potential home buyers might be asking themselves whether it's the right time to buy or not. There are a lot of pros and cons to consider...


OpenText’s Micro Focus Buy To Nearly Double Revenue To $6 Billion

Waterloo-based information management software and services company, OpenText announced in August the $6 billion acquisition of Micro Focus. This is just one of the company's 80 acquisitions following its current growth strategy. This growth strategy is focused on expanding the total addressable market of company, and not necessarily revenue. OpenText says the combined companies will achieve meaningful...


Elon Musk's SpaceX is launching a $750 million funding round

Elon Musk's rocket company SpaceX has launched another funding round, this time for $750 million. Over the past 12 months, SpaceX has raised over $2 billion, valuing the company at $137 billion. Despite some snags along the way, SpaceX managed to accomplish a lot in 2022 such as completing 60 successful reusable rocket launches. Its satellite internet provider Starlink also surpsassed...



Sam Bankman-Fried enters not guilty plea for all counts in federal court

Former FTX CEO Sam Bankman-Fried has reportedly taken a 'not guilty' plea to all criminal charges he's facing following the collapse of FTX. Wire fraud and securities fraud are just two of the eight criminal charges SBF is facing, which could result in up to 115 years in prison if he is convicted. He has been under house arrest in his parents' mansion since December 22nd, but returned to New York for the plea hearing. One of the prosecutors reportedly said that her team will provide evidence...


US federal agencies release joint statement on crypto asset risks

The Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released a joint statement on Jan. 3 on past cryptocurrency problems and their efforts to maintain sound banking practices. The statement hinted at the state of crypto regulation in the United States and the possibility of it changing, which is highly likely following recent events. These agencies seem to have a non-monolithic attitude, though, which could be a great thing for...


Cryptosat launches second ‘cryptographically-equipped’ satellite using SpaceX rocket

Cryptosat, the company behind a crypto-satellite module announced that it has sent another piece of its blockchain infrastructure into orbit. On January 3rd, one of SpaceX's Falcon 9 launch vehicles took the Crypto2 satellite into Earth's orbit. The first satellite launched in May, Crypto1, was aimed at facilitating blockchain applications by providing a physically unreachable, tamper-proof platform. This is just another step in the direction of...



Hive Is Not A Security - It Doesn't Pass The Howey Test

There's always been a lot of talk about if regulations would affect Hive. Specifically speaking, whether or not Hive is a security. The only way that we can determine this is by seeing if it passes the age-old Howey Test. The Howey Test is the rule of thumb that determines if an asset is a security or not, and we can apply this test to any cryptocurrency. Looking at Hive in terms of the Howey Test, it doesn't seem that...



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.

Subscribe to The Daily Leo and start being up to date with the crypto & finance world!

Posted Using LeoFinance Beta