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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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**[EMERGING MARKETS-Stocks, currencies pressured by banking crunch](https://finance.yahoo.com/news/emerging-markets-stocks-currencies-pressured-090502091.html)**
Emerging market stocks and currencies dipped on Monday in a dull start to the final week of the first quarter as fears about a global banking crunch persisted, with South Africa's rand down ahead of a central bank decision later this week.

EM stocks carried [declines over from Friday when Germany's biggest lender Deutsche Bank shares plunged..](https://finance.yahoo.com/news/emerging-markets-stocks-currencies-pressured-090502091.html)

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[**Impax CEO Says Funds Have Run Out of ‘Investible’ Green Assets**](https://finance.yahoo.com/news/impax-ceo-says-funds-run-130000805.html)
Impax Asset Management Group, which runs one of the world’s biggest investment portfolios geared toward a low-carbon economy, is warning that even after the latest wave of subsidies and incentives, there just aren’t enough places to allocate green capital.

Governments still have a lot more levers to pull before policies are powerful enough to address the upheaval [that climate change is causing....](https://finance.yahoo.com/news/impax-ceo-says-funds-run-130000805.html)

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[**European DeFi startups saw 120% increase in VC investment in 2022**](https://cointelegraph.com/news/european-defi-startups-saw-120-increase-in-vc-investment-in-2022-data)
According to a new study released by European investment firmRockawayX, VC investment in crypto startups based in Europe reached its all-time high in 2022 with $5.7 billion invested

European DeFi startups hit $1.2 billion in 2022, which is a [120% increase from the"....](https://cointelegraph.com/news/european-defi-startups-saw-120-increase-in-vc-investment-in-2022-data)

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[**Crypto Lender Kokomo's Developers Use Wrapped Bitcoin for $4M ‘Exit Scam’**](https://www.coindesk.com/tech/2023/03/27/crypto-lender-kokomos-developers-use-wrapped-bitcoin-for-4m-exit-scam/)
Developers behind the Optimism-based lending protocol Kokomo Finance seemed to conduct an exit scam over the weekend after manipulating tokens on the protocol to effectively steal $4 million in user funds.
An exit scam is said to occur when developers or [promoters of a crypto project ..](https://www.coindesk.com/tech/2023/03/27/crypto-lender-kokomos-developers-use-wrapped-bitcoin-for-4m-exit-scam/)

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[**Cryptocurrencies add nothing useful to society, says chip-maker Nvidia**](https://www.theguardian.com/technology/2023/mar/26/cryptocurrencies-add-nothing-useful-to-society-nvidia-chatbots-processing-crypto-mining)

The US chip-maker Nvidia has said cryptocurrencies do not “bring anything useful for society” despite the company’s powerful processors selling in huge quantities to the sector.

Michael Kagan, its chief technology officer, said other uses of processing power such as [the artificial intelligence chatbot ChatGPT ...](https://www.theguardian.com/technology/2023/mar/26/cryptocurrencies-add-nothing-useful-to-society-nvidia-chatbots-processing-crypto-mining)

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[**China state-owned banks turn crypto-friendly in Hong Kong: Bloomberg**](https://forkast.news/headlines/china-state-owned-banks-turn-crypto-friendly-in-hong-kong-bloomberg/)
A number of Chinese state-owned banks’ branches in Hong Kong have started offering services to local cryptocurrency companies, Bloomberg reported on Monday, as the city welcomes a growing list of cryptocurrency and digital asset firms looking to [expand or relocate to the city...](https://forkast.news/headlines/china-state-owned-banks-turn-crypto-friendly-in-hong-kong-bloomberg/)
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[**LeoFinance UI Update | GIFs, Emojis and Mobile**](https://leofinance.io/@leofinance/leofinance-ui-update-or-gifs-emojis-and-mobile)

> As we talked about in the last LeoFinance UI Update, we're working on a new schedule - aiming to have a scheduled release out every single Friday.

> Normally, we work somewhat ad hoc. That isn't completely going away - we work fast, break a lot of shit and make sure that innovation keeps happening.

[Make sure you read more...](https://leofinance.io/@leogrowth/lpud-is-coming-some-crew3-winners-and-huge-news-for-april-5)
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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 @katerinaramm while chilling at the Greek seaside on [Leo Finance]() </sub>
    

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Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@katerinaramm/usd4m-wbtc-exit-scam-hong-kong-s-banks-turn-crypto-friendly)