Bitcoin Trading Generated $875M in Quarterly Revenue for Square
Bitcoin trading drove $875 million in quarterly revenue for the U.S-based financial services firm Square, comprising a 75% gain over Q1 2020. Go to Source Powered by WPeMatico
Jack Dorsey
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Law Decoded: Pushing the Legal Limits, July 10–17
In this week’s newsletter, we look at a series of developments that test the limits of governmental authority over crypto, as well as the contest with social media. Go to Source Powered by WPeMatico
The Twitter Hack Fiasco: Compromised Internal Tool, Paid Insiders, Direct Message Fears
On Wednesday, a large number of Twitter accounts were compromised and the hackers used the accounts to tweet about a bitcoin doubling scam. According to multiple reports, a Twitter employee was paid to give the hackers an internal tool that let them leverage high-profile social media accounts. It was a crazy day in the world … Read more
Popular NASCAR Driver Bubba Wallace Will Sport the Bitcoin Logo While Racing
NASCAR driver Darrell “Bubba” Wallace will be sporting a bitcoin logo on his car and uniform during upcoming races. Twitter and Cash App founder, Jack Dorsey, tweeted a few pictures that revealed the new sponsorship, as he displayed the bitcoin symbol and Cash App logo design layout on the social media platform. Bitcoiners will be … Read more
Jack Dorsey Gives $5M to Support UBI — Could Crypto Deliver it?
The Twitter CEO announced on May 21 that he would be giving $5 million to Humanity Forward, a UBI-proponent established by Andrew Yang. Go to Source Powered by WPeMatico
Square Dollar Cost Averaging Lets Users Repeat Buy Bitcoin in Cash App
Bitcoin and stocks are now on the menu for Cash App users wanting to minimize the “impact of market swings,” the payment network says. Go to Source Powered by WPeMatico
Most of Cash App’s $528M Revenue in Q1 Came From Bitcoin
Square reports that Bitcoin composed the bulk of Cash App’s revenue in the first quarter, though it added much less to profit. Go to Source Powered by WPeMatico
Bitcoin Correction Fears, Libra U-Turn, Maker Sued: Hodler’s Digest, April 13–19
In this week’s Hodler’s Digest, Libra’s massive U-turn, Bitcoin in danger of a massive correction, and crypto-friendly Square gets green light from U.S. government Go to Source Powered by WPeMatico
Dorsey’s Crypto-Friendly Firm Square Joins Paycheck Protection Program
Jack Dorsey’s Square Capital is among the first crypto-friendly firms to officially join the U.S. federal emergency lending program Go to Source Powered by WPeMatico
Is Twitter Helping Justin Sun and Other Cryptocurrency Celebrities Defraud?
A site as hugely influential as Twitter should ideally take a balanced and responsible approach when suggesting blue check accounts and other popular influencers to follow in the crypto space. Fact is, this couldn’t be further from the reality: Twitter seems to constantly promote the same narrow selection of accounts to follow, some of whom … Read more
