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The U.S. Attorney's Office is examining the financial transactions of Jack Dorsey's Block.
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Odell Beckham Jr. has inked a partnership deal with Square CashApp to receive his entire $4.25 million salary for the 2021-2022 NFL season with the Los Angeles Rams in bitcoin (BTC). As part of the partnership deal, Beckham will also…
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The recently announced Bitcoin-focused DeFi project by Square has launched an official white paper detailing the project’s long-term ambitions. tbDEX Unveils White Paper Dubbed tbDEX, the protocol aims to bring decentralized finance (DeFi) to bitcoin (BTC). The project released its…
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Bitcoin (BTC)-friendly Square, Inc. (NYSE: SQ) has recorded another sterling performance in Q2, 2021 and the firm is now looking to expand its payments ecosystem by acquiring Afterpay, according to a press release on August 1, 2021. Square Eyes Afterpay…
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Twitter CEO Jack Dorsey wants to make bitcoin (BTC) a “big part” of the social media platform’s future. Dorsey Inclined to Make Bitcoin a Part of Twitter Twitter CEO Jack Dorsey’s love for bitcoin is well-known and if the company’s…
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Square is planning to develop a new platform for decentralized finance called ”TBD.” The company’s CEO, Jack Dorsey, made the news public through a tweet. Non-custodial DeFi Platform Jack Dorsey announced the development on Thursday, July 15, on Twitter with…
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Jack Dorsey, the co-founder of Twitter and the founder of Square, has revealed that Twitter, BlueSky, or both companies may soon support the Lightning Network. Lightning Network is “Only a Matter of Time” Responding to a request from a Twitter…
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Blockchain technology firm Blockstream allies with Square to push for solar-powered bitcoin mining. Powering Solar-Energy Mined Bitcoin In an announcement made on June 5, blockchain firm Blockstream announced a partnership with Jack Dorsey’s Square Inc. to develop an open-source, solar-powered…
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Jack Dorsey’s Square revenue increased by a massive 266 percent in the first quarter of 2021, thanks to the company’s bitcoin (BTC) business. In an earnings call on May 7, Jack Dorsey made it clear that the company sees bitcoin…
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PayPal will begin allowing U.S. consumers to utilize their crypto holdings to make payments at millions of its online merchants globally, a move that could significantly uplift the use of digital assets in everyday commerce. A Convenient Route for U.S…
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According to a JPMorgan report, institutional and retail bitcoin flows balanced throughout the first quarter of 2021. JPMorgan Analysis Details Retail investors accumulated over 187,000 Bitcoins this quarter as a proxy using Square and Paypal data, compared to approximately 205,000…
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The latest data from Coinmetrics shows that the Bitcoin cumulative transfer value has hit more than 3.5 trillion. The number of bitcoin processed on a single day reached its highest value at the beginning of 2021, as more people display…
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There is a sharp uptick in the number of investors opting for Bitcoin over gold, data from Bloomberg Intelligence reveals. Bitcoin replacing the Old Guard A snapshot shared by Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence, on Mar…
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The Covid 19 pandemic fueled cryptocurrency adoption as other currency forms came crashing down as economies took a turn for the worst. Higher Crypto Adoption The crypto community capitalization is officially over with a modest 5.2% adoption rate from groups…
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The social media giant Twitter, on Mar 1, announced a $1.25 billion convertible bond offering. Anthony Pompliano now speculates Jack and his team may be preparing to allocate a portion of funds raised to Bitcoin, following MicroStrategy’s route. Will Twitter…
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U.S. payment processing company Square has made another bitcoin buy, investing $170 million in the biggest crypto by market capitalization. Meanwhile, bitcoin’s recent price dump does not seem to scare away institutional investors. Square’s Bitcoin Purchase Represents 5% of Liquid…
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MicroStrategy Inc. boosted its convertible debt sale to purchase Bitcoin by nearly half and cut the coupon to 0%, making it virtually a straight bet on the price of Bitcoin. Microstrategy’s Keen Investment in Bitcoin The company already has nearly...
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Twitter CEO Jack Dorsey announced he would be giving a blind Bitcoin (BTC) development trust worth 500 BTC ($23.7 million) with Jay Z for teams working on the project in India and Africa. Btrust, the project’s name, will have no...
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Major U.S crypto companies Coinbase, Square, and Andreessen Horowitz have joined hands to fight the new AML regulations introduced by FinCEN, arguing that these restrictions could push users away from standardized platforms and choke innovation. FinCEN Midnight Crypto Rulemaking FinCEN,...
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Square’s Cash App’s revenue from bitcoin continues to rise exponentially as FOMO sets in amid increasing BTC price. Bitcoin is the King According to Square’s third-quarter report, Cash App’s revenue generated in the form of bitcoin skyrocketed over $1.63 billion....
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More companies are expected to join the bitcoin (BTC) bandwagon. JPMorgan Bullish on Bitcoin Banking titan JPMorgan expects more companies to follow Square’s Cash App by introducing support for payments in the premier cryptocurrency. Several analysts at JPMorgan are hopeful...
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Public companies like MicroStrategy, Square, Grayscale Investment, and others, have in their treasury a total of over 600,000 BTC, worth more than $6.75 billion, as of Oct 12. MicroStrategy, Square Investing in Bitcoin as a Shield Against Inflation Coincidentally, this at...
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U.S. Payment company Square is now the latest publicly-listed firm to invest directly in Bitcoin following MicroStrategy’s $425 million Bitcoin acquisition back in September. Square Pumps $50 Million in Bitcoin Square announced the news of the Bitcoin acquisition via a...
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Square’s Cash App recently added a new feature that will enable automatic recurring Bitcoin purchases on its platform. Also, users can now change their display to satoshi on the Cash App platform. Stacking Sats Frequently on Cash App The CEO...
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Square, a mobile payments platform, recently announced the addition of a new feature that would enable users to deposit their COVID-19 stimulus payment to its bitcoin-friendly Cash App. Square’s Cash App Now Allows COVID-19 Stimulus Package Deposits According to a...
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Details from Square’s recent shareholder letter show that the company sold $517 million worth of Bitcoin in 2019 with sales of the top cryptocurrency accounting for about half of its revenue in Q4 of last year. Bitcoin Accounts for Half...
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After speaking to multiple Bitcoin developers who are building products for the ecosystem, Square’s newly set up Bitcoin team, led by Matt Corallo, is releasing a Lightning Development Kit (LDK) to allow wallet and applications creators to give their users...
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Jack Dorsey is the visionary founder behind Twitter and Square Financial. In a fairly long Twitter thread, Dorsey announced that Twitter is hiring a small team of developers to help build an open and transparent protocol named BlueSky, which could...
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When asked whether Twitter would be interested in joining the Libra Association, Jack Dorsey met the inquiring journalist with a prompt “hell no”. Dorsey’s reaction is not surprising in the slightest as he has previously spoken of his issues with...
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Bitcoin is becoming increasingly popular in the U.S. with an observable quarterly increase in BTC sales in the country. This trend is despite a year-long bear market that characterized all of 2018. Some commentators believe more money will flow into...
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Payments firm Square announced a $125 million in revenue from Bitcoin through its mobile payments service, CashApp. Square entered the crypto space, much to the dismay of traditional players, and have established themselves as a strong brand capable of understanding...
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The intense scrutiny from regulatory agencies, governments, and central banks globally regarding Facebook’s Libra, could just be the end of the company’s stablecoin project. According to a report by CNBC, Facebook revealed in a recent filing with the U.S. Securities...
