The Daily Leo #286 - Atomic Wallet Hack, JPMorgan explores Blockchain Benefits

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We pull the best articles in Finances, Crypto news and Hive/Leo into one condensed information packed space.

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Forever in debt: Why U.S. loans are getting longer
Consumers facing high asset prices and rising interest rates have a few loan options. None are particularly attractive.

Buyers of homes or new cars might be better off waiting. But if you must go ahead, either face taking on a big monthly payment, or stretching out the loan term to keep ...

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Big Banks Could Face 20% Boost to Capital Requirements
U.S. regulators are preparing to force large banks to shore up their financial footing, moves they say will help boost the resilience of the system after a spate of midsize bank failures this year. The changes, which regulators are on track to propose as early as this month, could raise overall capital requirements by roughly 20% at larger banks on average.....

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JPMorgan uses blockchain for 24/7 dollar transfers with Indian banks
Global financial services company JPMorgan continues exploring the benefits of blockchain, deploying the technology to eliminate some restraints of traditional finance.

JPMorgan has partnered with six major Indian banks to introduce a blockchain-based platform enabling interbank settlement of dollar transactions..

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Metropolitan Museum of Art to Return $550,000 Donation to FTX’
In May of the previous year, the Metropolitan Museum of Art received a sum of $550,000 through two separate payments. These contributions were coordinated by West Realm Shires Services, the company behind FTX.US.

Following the cryptocurrency exchange FTX’s bankruptcy in November, the Metropolitan Museum of Art has decided to return. ..

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Explosive Heist! Atomic Wallet Rocked: $35M Vanished in Bold Hack, Impacting Just a Fraction of Users
In the latest security mishap to hit the cryptocurrency industry, Atomic Wallet, a popular centralized storage and wallet service, was targeted by a large-scale security breach over the weekend. As a result, almost $35 million worth of different tokens were stolen, underlining the inherent risks of managing digital assets...

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Bloomberg Analyst Issues Warning, Says Coming Months Likely To Be ‘Ugly’ for Bitcoin and CryptoBloomberg Intelligence’s senior macro strategist Mike McGlone says that the second half of the year could be bearish for Bitcoin (BTC) and the rest of the crypto markets.

McGlone says that risk assets, such as stocks and crypto, could get cheap in the coming months as he believes that an economic recession is on the horizon..

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To Rethread or Reblog: That is the Question

What value does rethreading bring to the table? Would we be opening a can of worms by rethreading short-form content as well? Maybe reblogging, a cousin of rethreading, offers a simpler solution. But, dare we say, is the value of reblogging limited?.

Read more..

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_{This edition of The Daily Leo was published by @katerinaramm while chilling at the Greek seaside on Leo Finance}

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