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The Daily LEO #274 Ledger Spooks Users, EU Approves MiCA by bitcoinflood

View this thread on: hive.blog |  peakd.com |  ecency.com
hive-167922 · @bitcoinflood · (edited)
$26.16
The Daily LEO #274 Ledger Spooks Users, EU Approves MiCA
![](https://images.ecency.com/DQmQsWsAKmwYxvryg8o4VbzJoyH8NTdunCsWQLpZ9eJQ9T5/274.jpg)

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. 

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**[A potential U.S. debt-ceiling suspension may present an upside risk for dollar](https://www.marketwatch.com/story/a-potential-u-s-debt-ceiling-suspension-may-present-an-upside-risk-for-dollar-says-bnp-paribas-bd2ce493?mod=home-page)**

After the Federal Reserve wrapped up its latest monetary policy meeting and finally left the door open to halting its aggressive interest-rate-hiking campaign, the looming U.S. debt-ceiling crisis has taken center stage in financial markets as investors are holding out for an update on plans to resolve a three-month standoff and avoid a default on U.S. Treasury debt. 

A team of strategists at BNP Paribas, [led by foreign exchange strategist Alexander Jekov, said ...](https://www.marketwatch.com/story/a-potential-u-s-debt-ceiling-suspension-may-present-an-upside-risk-for-dollar-says-bnp-paribas-bd2ce493?mod=home-page)


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**[The DeFi world faces a jarring transition](https://www.ft.com/content/7bf570af-8507-4919-a23f-0269047b102f)**

US regulators have been stepping up their scrutiny of decentralized finance, a burgeoning marketplace for crypto assets that operates without meaningful regulatory oversight.

[The Securities and Exchange Commission issued...](https://www.ft.com/content/7bf570af-8507-4919-a23f-0269047b102f)

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**[ChatGPT and Generative AI in Financial Services: Reality, Hype, What's Next, and How to Prepare](https://www.businessinsider.com/generative-ai-in-financial-services-hype-whats-next-how-prepare-2023-may)**

ChatGPT, a conversational AI model built by OpenAI, has dominated tech conversation in 2023. Payments, banking, and insurance [players are eager to understand generative AI's potential and put it to work.](https://www.businessinsider.com/generative-ai-in-financial-services-hype-whats-next-how-prepare-2023-may)


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**[EU finance ministers approve MiCA crypto regulation](https://cointelegraph.com/news/eu-council-approves-mica-regulations)**

The Economic and Financial Affairs Council of the European Union β€” comprising finance ministers of all member states β€” has given the green light to the highly-anticipated Markets in Crypto-Assets (MiCA) regulation after a vote on May 16.

Finance ministers [from 27 member states voted in favor of the MiCA bill, and...](https://cointelegraph.com/news/eu-council-approves-mica-regulations)

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**[One Million Individual Wallets Now Hold a Whole Bitcoin](https://www.coindesk.com/tech/2023/05/16/one-million-individual-wallets-now-hold-a-whole-bitcoin/)**

Individual wallets holding at least one bitcoin (BTC) set a milestone figure earlier this week, suggesting long-term sentiment for the tokens remains intact even as broader markets weigh down bitcoin prices.
Data from the on-chain analytics tool Glassnode show bitcoin wallets [holding more than one token crossed the millionth mark on Monday. This is a...](https://www.coindesk.com/tech/2023/05/16/one-million-individual-wallets-now-hold-a-whole-bitcoin/)

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**[Ledger’s new phrase recovery feature has users spooked](https://cryptoslate.com/ledgers-new-phrase-recovery-feature-has-users-spooked/)**

Ledger has introduced a new feature, sparking concerns among its users.

Ledger Recover is an ID-based subscription service enabling the retrieval of the secret recovery phrase. It applies to Ledger Nano X hardware wallets and will roll out under firmware release 2.2.1.

Up to $545 million in Bitcoin (BTC) was estimated to be lost in 2022 due to lost passwords or mistakes with the recovery phrase β€” demonstrating a real need to address the issue.

However, Ledger users  [have voiced strong objections to the feature as it requires...](https://cryptoslate.com/ledgers-new-phrase-recovery-feature-has-users-spooked/)


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**[Rethinking Reputation Scores & Unveiling the New LEO Wallet: Major Updates Coming to Hive](https://leofinance.io/posts/leofinance/jfukudpk)**
Remember the reputation score idea? We've been thinking: what if we could learn from it and improve the current reputation score on Hive? After all, we all agree it could use some sprucing up!

[That's where the new...](https://leofinance.io/posts/leofinance/jfukudpk)
***

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**LeoFinance** is a blockchain-based social media platform for Crypto & Finance content creators. Our [tokenized app](https://leofinance.io) allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

### Subscribe to [The Daily Leo](https://leofinance.substack.com/) and start being up to date with the crypto & finance world!

<sub>This edition of **The Daily Leo** was published by @bitcoinflood on [Leo Finance](https://leofinance.io), read the original article [here](https://leofinance.io/posts/bitcoinflood/ledger-spooks-users-eu-approves) </sub>

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/posts/bitcoinflood/ledger-spooks-users-eu-approves)
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 300 others
πŸ‘Ž  
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@alokkumar121 · 
> One Million Individual Wallets Now Hold a Whole Bitcoin

This is good for bitcoin as more people enter this market and this can be a good reason for the value to grow up.
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@finguru · 
I think Ledger is done for good now. Cannot recommend it to anyone, anymore.
πŸ‘  
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@bitcoinflood ·
$0.04
I agree, I only used ledger once and ended up not liking it as much as other hardware wallets. Now this next move for sure kills it in terms of me ever using it again.
πŸ‘  
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@finguru · 
Do you use any other apart from Ledger?
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@idiosyncratic1 · 
Ledger is a big issue for crypto. If we cannot trust hardware, time to shut down crypto πŸ˜…
πŸ‘  
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@reeta0119 · 
Reputation is one of the parts that need a serious change and if leo team does it then it's going to be great. will look for more updates about it.
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@tonybad · 
So much about regulators. The Financial Conduct Authority here in the UK are a private for profit company, trading without liability insurance πŸ˜‘ 

Giving green light to many credit card and loan scams.

Crypto and smart contracts solves all these issues.

Get some free daily UBI https://bit.ly/goodubi 
![untitled.gif](https://media.tenor.com/yX8lteotXAYAAAAC/yang2020-ubi.gif)
πŸ‘  
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@bitcoinflood · 
Interesting, yeah it's always different hearing from people that actully live in the EU etc over just reading news.
πŸ‘  
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