PayPal Holdings Inc (NASDAQ: PYPL) CEO Dan Schulman is upbeat about cryptocurrencies and said they will “redefine a lot of the financial world going forward.”
MoneyLion Inc (NYSE: ML) announced fourth-quarter and full-year ended Dec. 31, 2021, financial results.
As it stands, record quarter and full-year net revenue were up 146% and 115%, respectively, year over year. Additionally, total customer counts grew 129% year over year.
Merger activity declined last week with three new deals announced and five deals completed. Two of the three new deals announced were potential deals in the works. I was surprised to see that four SPAC combinations were terminated. Clearly the SPAC bubble continues to deflate due to unfavorable market conditions.
Jack Dorsey’s payments company Block Inc (NASDAQ: SQ) is working on a Bitcoin (CRYPTO: BTC) hardware wallet that will feature fingerprint authentication.
Shares, a community-based investing app, last week raised $40 million in a Series A funding round. Valar Ventures led the round while Singular, Global Founders Capital and Red Sea Ventures, among others, participated.