The Daily LEO #157: Binance, Tesla, Bitcoin mining, Twitter, CUB Burn & Splinterlands lands

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Binance record $3 Billion Outflows, Halts Withdrawals

Binance’s Chief Executive, Changpeng Zhao (CZ), in a Tuesday tweet laments the increase in withdrawals as much as $3 Billion from the world’s largest cryptocurrency exchange, Binance. In response, the exchange is pausing withdrawals of the stablecoin USDC while it completes a token swap involving the asset. Withdrawals in other tokens tied to ...


Musk loses top spot as World's Richest Person as Tesla tanks

Elon Musk, CEO of Tesla, Twitter and SpaceX, has officially been overtaken as the richest person in the world. Musk lost the top spot to Bernard Arnault, chair and CEO of the LVMH fashion empire, according to the Forbes’s real-time billionaires list. At the close of Monday’s market, Musk’s net worth currently totaled $177.5 billion, after a large amount of Musk’s wealth tied to shares of Tesla TSLA, plunged by -4.09%. Tesla shares are ...



Japan’s Electric Power Company to start Bitcoin mining

Japan’s largest electric power company, Tokyo Electric Power Company (TEPCO) has concluded plans to start mining Bitcoin with excess energy. TEPCO is partnering with TRIPLE-1, a local semiconductor designer and developer, to mine Bitcoin with excess energy across the country. TEPCO is joining major global energy companies in jumping on the Bitcoin mining bandwagon. TEPCO has formed "Agile Energy X" to create digital...


Binance’s BNB takes a hit from speculations about Company's POR

There has been a lot of rumors, speculation, and FUD (fear, uncertainty, and doubt) relating with Binance following the aftermath of the recent FTX collapse. There has also been a cross social media speculation concerning Binance’s proof-of-reserves (POR) and criticism against the company’s POR efforts. In response, the $BNB token has slid roughly 6.9% against the U.S. dollar over the last seven days alongside massive crypto withdrawals from the exchange. According to CZ, ...


Jack Dorsey pushes for a decentralized Twitter

Jack Dorsey, former Twitter CEO has highlighted that a solution to Twitter’s censorship issues is making the platform decentralized and resilient from corporate or government control. Dorsey's recommendation of a “free and open protocol” for social media comes in response to Elon Musk identification of censorship-related issues on Twitter. In a post, Dorsey ...


Web3 game for NFT pet companions secures $14M seed funding for expansion

DOGAMÍ, the first Web3 game for NFT pet companions, has secured a total seed funding worth $14M for developing the first web3 mobile game that would be utilized by mainstream audiences. DOGAMÍ has launched a mobile application that allows users to adopt and play with their virtual NFT dogs and be rewarded with the native $DOGA cryptocurrency. This fundraising will enable DOGAMÍ to expand its range of Web3 games and applications for mainstream audiences. Also, a $7M seed extension ...



50% of CubFinance's $CUB Inflation is bought & burned

CUB report for November shows 50% of $CUB Inflation being bought & burned by the revenue generated from CUB's Multi-Token Bridge (MTB). The report also shows how the Total locked Value (TVL) continues to grow. CUB's MTB is only 4 months old but with a remarkable revenue of $9,125 for the month of November. CUB has continued to grow throughout this downtrend in the broader Crypto Market. Numbers don't lie...


Splinterlands launches Land Phase 0.5

Top play-to-earn game and GameFi leader, Splinterlands on Tuesday, December 13th, 2022, launched the first phase of the Splinterlands land expansion known as Land 0.5. This release marks a major milestone for the Splinterlands game and community. In this first phase, players will be able to finally redeem their land tokens in exchange for individual, unsurveyed land deed NFTs. The new game is expected to increase demand for DEC as a core token of the game's economy. DEC will become more ...


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