Cash App Bitcoin revenue tops $2 billion in the first quarter
Block’s Q1 earnings report reveals a 25% year-on-year increase in Bitcoin revenue from the fintech firm’s flagship product Cash App. Go to Source Powered by WPeMatico
Jack Dorsey
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Jack Dorsey-Backed Bitcoin Legal Defense Fund Supports Open Source Developers in Lawsuit With Craig Wright
Bitcoin Legal Defense Fund (BLDF) recently delivered on its promise to fund the legal costs of 11 Bitcoin developers that are the target of the self-proclaimed Bitcoin inventor Craig Wright’s lawsuit. According to Alex Morcos, the “mission [of BLDF] is to safeguard innovation by shielding developers from legal intimidation.” The Future of Open-Source Software Development … Read more
TBD and Yellow Card to Enable Fiat On and Off-Ramp Payments in 16 African Countries via BTC
TBD and the Africa-focused cryptocurrency exchange platform Yellow Card recently partnered to launch a fiat on and off-ramp that enables payments in some 16 African countries through Bitcoin rails. The objective of this arrangement is to make cross-border payments not only more affordable and accessible, but compliant as well. Hedging Against Inflation With BTC TBD, … Read more
Hindenburg Research reports Block short position, claiming fraud facilitation and inflated metrics
“Block has wildly overstated its genuine user counts and has understated its customer acquisition costs,” said the report. Go to Source Powered by WPeMatico
Jack Dorsey’s Block asks for input on proposed ‘mining development kit’
Block’s mining hardware product lead, Naoise Irwin, has asked for pointers on a proposed hardware and software development kit for Bitcoin mining. Go to Source Powered by WPeMatico
Jack Dorsey’s TBD launches ‘C=’ to improve Bitcoin Lightning Network
C= (pronounced C equals) aims to further the reach of the Bitcoin Lightning Network through added liquidity and routing services. Go to Source Powered by WPeMatico
Crypto Biz: Did crypto winter scare off Visa and Mastercard?
Visa’s head of crypto has pushed back against the notion that the credit card giant is getting cold feet because of the bear market. Go to Source Powered by WPeMatico
Xapo Bank Integrates Lightning Network Payments Through Lightspark Partnership
On March 2, Xapo Bank announced its partnership with Lightspark, a company led by David Marcus, former crypto boss at Facebook. The partnership aims to extend the utility of bitcoin and the Lightning Network. Xapo revealed on Thursday that it is the first fully licensed private bank to offer payments through the Lightning Network. Xapo … Read more
Block remains on the hunt for wallet partners nearly two years later
The firm plans to partner with companies that are already experienced in local fiat payment processing. Go to Source Powered by WPeMatico
Jack Dorsey’s decentralized Twitter rival enters App Store
The interface of Jack Dorsey’s decentralized Twitter alternative Bluesky very much resembles the look of Elon Musk’s social media platform. Go to Source Powered by WPeMatico
