The Daily LEO #321 Tiktok Launching E-commerce and Avalanche creates $50 million incentive program
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TikTok Launching E-Commerce Business Tiktok is a well-known name as its leading short videos streaming platform. It has got a bigger user base across the world and now the company is going to launch its E-Commerce business. As per the news update, they are going to offer an Amazon-like marketplace and this will be starting in August month. This will be called TikTok Shop Shopping Center
Why Some Economists Think a Recession is Inevitable
Many economists expect that we are going to have a recession this year because of the economic slowdown but people have different opinions on this matter. Some countries are struggling with their economy whereas some countries are improving in this area. Read more about the economic update here
KuCoin denies mass layoffs, says cuts are part of normal operations Layoffs have been going on since the beginning of this year and even now it's going on. Kucoin which is a leading cryptocurrency exchange has also done the layoffs and they are questioned about it. As per them, this is part of the regular business operations, and it's not a mass layoff. As per the exchange CEO, the crypto exchange is still operating smoothly. Read more here
Dogecoin Registers Biggest Single-Day Gain in 4 Months
The dogecoin price chart has shown the biggest price increase in the last 4 months and this could be because of Twitter's rebranding. Tesla's founder has been supporting the doge crypto coin and after rebranding people are expecting to have some use case in Twitter for this coin. It's a meme coin that was created just for fun but now this has got more attention from crypto investors.
This can be a piece of good news for doge coin holders
Avalanche Foundation creates $50 million incentive program
Avalanche Foundation has taken a good initiative as they have started an incentive program and allocated $50 million to the same. This fund will be used to buy tokenized assets in their blockchain and this way they are trying to incentivize their community. This is a good step taken by the team to empower their blockchain and encourage projects to do well and bring more innovation. Check more here
Stablecoins Like HBD Are The Bridge Between Crypto And The Real World
Stablecoins are not much of interest for investment in the crypto market but not this scenario has been changing. The APR that can we earn with stablecoins can be a reason for the spike in demand and what role stable coins like HBD can play in the crypto market is explained in this post. Check out more in the post
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This edition of The Daily Leo was published by @reeta0119 on LeoFinance, read the original article here
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