Bloomberg : Crypto lending firm Ledn sold $188M in securitized bonds backed by bitcoin loans, making it the first deal of its kind in the ...
Crypto lending firm Ledn sold $188M in securitized bonds backed by bitcoin loans, making it the first deal of its kind in the market for asset-backed debt — Crypto lending firm Ledn Inc. has sold $188 million of securitized bonds backed by Bitcoin, making it the first ever deal of its kind in the market for asset-backed debt.
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The UK proposes new rules requiring tech firms to remove nonconsensual abusive content within 48 hours or risk blocking and fines of up to 10% of global revenue — PM says measure, also applied to deepfake nudes, is needed owing to a ‘national emergency’ of online misogyny
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Cadence shares closed up 7.6% on Wednesday after the chip design company reported Q4 revenue up ~6% to $1.44B and adjusted EPS of $1.99, both above estimates — Cadence Design Systems stock rose by more than 6% on Wednesday after the chip design software company reported earnings that beat analysts' expectations.
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Sources: the US State Department is developing an online portal at “freedom.gov” to let users in Europe and elsewhere view content banned by their governments — The U.S. State Department is developing an online portal that will enable people in Europe and elsewhere to see content banned …
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Selector, which offers an AI platform that promises to simplify network monitoring, raised a $32M Series B led by AVP at a $375M valuation — Network observability provider Selector Software Inc. today announced that it has raised a $32 million funding round at a $375 million valuation.
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Venice, which develops identity security software, emerges from stealth after raising a $25M Series A led by IVP, following an $8M seed round — The Israeli company replaces static enterprise permissions with dynamic access control. — Startup Venice (formerly Valkyrie) has raised $25 million in a Series A funding round.
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Remitly co-founder Matt Oppenheimer steps down as CEO, will be succeeded by Banco Santander executive Sebastian Gunningham — Matt Oppenheimer is stepping down as chief executive officer of payments network Remitly Global Inc. and will be succeeded by Banco Santander SA's Sebastian Gunningham.
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eBay reports Q4 revenue up 15% YoY to $3B, vs. $2.87B est., GMV up 10% to $21.2B, and forecasts Q1 profit above estimates; EBAY jumps 6%+ after hours — EBay Inc. agreed to buy Depop for about $1.2 billion in an effort to attract younger shoppers and stand out in an increasingly cluttered e-commerce market.
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DoorDash reports Q4 revenue up 38% YoY to $3.96B, vs. $3.99B est., total orders up 32% to 903M, and forecasts Q1 adjusted EBITDA below estimates — Doordash's stock dropped 10% after the food delivery platform issued disappointing fourth-quarter results and guidance as it ramps up its investments in new technology.
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eBay agrees to acquire secondhand clothing app Depop from Etsy for ~$1.2B in cash; Etsy bought Depop in 2021 for $1.6B; ETSY jumps 17%+ after hours — The $1.2 billion deal comes as eBay looks to expand its appeal among younger users. — Secondhand clothing apps hit a stride during …
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