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Disney Stock Slips as Disney+ looses Subscribers
Shares of Disney dropped in after hours trading Wednesday following the release of its quarterly financials, as the largest entertainment company in the world met revenue expectations but surprisingly shed subscribers in its key Disney+ streaming service. A majority of Disney’s profits came from its theme parks division, posting $2.2 billion in net income in the unit, while its content-heavy...
Google AI Enhancements Pushes Shares Higher
Google's unveiled its big bet on artificial intelligence (AI) at its developer I/O conference on Wednesday, sending shares of its parent Alphabet Inc. (GOOG) (GOOGL) about 4% higher in intra-day trading. The enhanced features of search and maps on Google’s Bard chatbot got the bulk of the attention at the conference, with immediate support for the Korean and Japanese languages. The company said...
Binance Crypto Exchange Trading Volume Falls 50% in April
Spot trading volume at Binance, the world’s largest cryptocurrency exchange, dropped for a second straight month in April, falling 48% amid declining transaction levels across the industry, according to CCData. The volume dropped to $287 billion last month, the second-lowest level since 2021. The exchange’s market share also fell for a second month, to 46%. Despite the fall...
Paypal Report $1 Billion Crypto Holdings
Payments behemoth Paypal has disclosed in a Form 10-Q financial report filed with the U.S. Securities and Exchange Commission (SEC) that it is holding nearly $1 billion in cryptocurrency assets. This news comes on the heels of Paypal’s announcement that Venmo now facilitates external transfers of cryptocurrencies to wallets and exchange platforms According to ...
US IRS Claiming $44B from FTX Bankruptcy
The United States Department of Treasury and Internal Revenue Service (IRS) have filed 45 claims worth $44 billion against bankrupt cryptocurrency exchange FTX and its subsidiaries. The single biggest claim involves unpaid partnership and income taxes of $20.4 billion assessed against Alameda Research. In what appears to be a tax bill for FTX's sister company Alameda Research LLC that...
Tether Reports $1.48B Profit in Q1
Stablecoin issuer Tether reported $1.48 billion in net profit for the first quarter of the year, double the previous quarter’s result, according to its latest attestation published Wednesday. The company’s USDT stablecoin has seen rapid growth this year as the U.S. banking crisis hit rivals. For the first time...
PolyCUB DeFi ready for 4th Improvement proposal
LeoFinance, creators of the novel PolyCUB DeFI has announced its readiness to dive into the fourth updates on PolyCub Improvement Proposals (PIP 4). The proposal seeks to achieve a consistent inflationary schedule while focusing on growing PHBD. As PIP 4/5 is set to propose the same changes, the team will...
LeoFinance Updates Microblogging Dapp
The LeoFinance team has announced the successful update of its UI to include the Blog page, repair Drafts and about to release the Setting page with lots more options as well. The update also revealed the Zealy Campaign Keywords. This development will ...
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This edition of The Daily Leo was published by Creativevoice on Leo Finance, read the original article here.