The Daily Leo #135 - Germany's winter power cuts, ESG investing fuel, Munger bashes bitcoin

over 2 years ago (Edited)

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Germany Preparing For Winter Power Cuts

German authorities have stepped up preparations for emergency cash deliveries in case of a blackout (or rather blackouts) to keep the economy running, as the nation braces for possible power cuts arising from the war in Ukraine. The plans include the Bundesbank hoarding extra billions to...

What’s Fueling the Rise of ESG Investing?

Environmental, social, and corporate governance (ESG) investing has not only become a popular investment trend, but also a new front in the culture wars. Market predictions show that global ESG-mandated assets will reach $55 trillion in 2022 and close to $100 trillion in 2025. But has the recent spike in ESG investing been driven by market demand or...

LUNA Spent $2.8 Billion Trying to Revive UST

Earlier in May, the algorithmic stablecoin Terra USD (UST) de-pegged from the dollar due to an imbalance. The imbalance is related to the burning and minting mechanism of the ecosystem. The report further declared the tweets put out by LFG during the collapse as accurate concerning the company’s reserve balances....

Charlie Munger Bashes Bitcoin Again

Warren Buffett’s right hand – is undoubtedly among the biggest critics of the digital asset industry. In a recent interview for CNBC, he doubled down on his stance, arguing that bitcoin is suitable for criminals and harmful to the USA: “This is a very, very bad thing. The country did not need a currency that was good for...

CFTC Chair Calls for International Coordination Between Regulators

Behnam and other US regulators are facing questions over following the collapse of the FTX exchange, and the CFTC Chair says that the event could help push officials into finally defining the difference between a security and a commodity, a longstanding issue on crypto regulation...

Dragons flee as Lions roar

We powered up 230k Leo! 140 Lions joined this edition, trumping our previous record and setting the bar high as hell both for the amount of Leo Power and the Lions who joined!...

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