Brazilian fintech infrastructure company Dock closes on $110M in funding, now valued at over $1.5B

If there’s one area that has thus far felt insulated from the global venture downturn, it’s infrastructure. Companies that offer banking as a service and help other businesses offer their own financial services and products in particular continue to rake in the dollars. Dock is the product of a unification of three brands — Conductor, … Brazilian fintech infrastructure company Dock closes on $110M in funding, now valued at over $1.5B Read More » The post Brazilian fintech infrastructure company Dock closes on $110M in funding, now valued at over $1.5B first appeared on PRP Breaking News and Top Stories.
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After Netflix’s tough quarter, Disney+ gains 7.9M more subscribers to reach 138M total

The Walt Disney Company reported earnings for its second fiscal quarter ended April 2, 2022, announcing a 7.9 million increase of subscribers for Disney+, which brings the total to 137.9 million subs. Across all of Disney’s streaming services (Disney+, Hulu, ESPN+), total subscriptions exceeded 205 million, a quarterly net increase of 9.2 million driven by … After Netflix’s tough quarter, Disney+ gains 7.9M more subscribers to reach 138M total Read More » The post After Netflix’s tough quarter, Disney+ gains 7.9M more subscribers to reach 138M total first appeared on PRP Breaking News and Top Stories.
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Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions

Decentralized finance (defi) protocols are having a hard time weathering the storm, as the total value locked in defi today is down 39.26% since April 3, from $230.18 billion to the current $139.81 billion. The sudden value drop stemming from Terra’s native assets, LUNA and UST, has pushed Lido down to the third-largest TVL position […] The post Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions first appeared on PR Business News Wire.
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Mexican Crypto Exchange Bitso Launches Stable Yield Program

Bitso, a Mexico-based cryptocurrency exchange, is expanding its range of crypto investing options. The company has announced it will now allow customers to earn funds just by holding bitcoin or stablecoins in its wallet. The program, called Bitso+, will offer different yields based on the quantities deposited by users, and it is designed to help […] The post Mexican Crypto Exchange Bitso Launches Stable Yield Program first appeared on PR Business News Wire.
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WHO: Subvariants fueling COVID rises in more than 50 countries

The head of the WHO warns that rising cases are creating a volatile situation. source The post WHO: Subvariants fueling COVID rises in more than 50 countries first appeared on PRP Breaking News and Top Stories.
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Coinbase’s difficult Q1 results complicate market for crypto startups

That didn’t happen. Today, Coinbase’s stock opened at just $54.66, down 25% from yesterday’s close. The Exchange explores startups, markets and money. In the first quarter, Coinbase’s revenues dipped 27% to $1.17 billion from a year earlier, and operating expenses more than doubled to $1.72 billion. The huge step-up in spend was partially because of … Coinbase’s difficult Q1 results complicate market for crypto startups Read More » The post Coinbase’s difficult Q1 results complicate market for crypto startups first appeared on PRP Breaking News and Top Stories.
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EV startup Canoo sues major investor over sketchy share sales

Electric vehicle startup Canoo has filed suit against one of its largest shareholders, demanding that the firm pay back more than $61 million in “short-swing profits.” When the startup merged with a SPAC in 2020, Li owned more than 26% of Canoo’s shares through DD and other affiliates. This significant ownership stake called in the … EV startup Canoo sues major investor over sketchy share sales Read More » The post EV startup Canoo sues major investor over sketchy share sales first appeared on PRP Breaking News and Top Stories.
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