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Square’s Cash App reported Wednesday, that bitcoin (BTC) revenue during the first quarter of the year, soared 367% to $306 million from $65 million a year ago. Quarter-on-quarter, the figure is up 71%. The increase is thanks “to growth in the number of active bitcoin customers, as well as growth in customer demand as a … Read more
Square’s Cash App and Grayscale absorbed over half of the Bitcoins mined in the first three months of 2020, according to a May 7 report. Go to Source Powered by WPeMatico
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
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
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
Square users can have their stimulus payments diverted to their Cash App accounts Go to Source Powered by WPeMatico
Jack Dorsey donates $1 billion to global COVID-19 relief — pledges to uproot existential problems facing the world Go to Source Powered by WPeMatico
The founder of Twitter and Square believes that Cash App can distribute the stimulus to Americans with greater efficiency than the government can Go to Source Powered by WPeMatico
Square, Inc. is forced to adjust its first-quarter revenue estimates down by $800 million due to the coronavirus crisis, while Bitcoin growth Go to Source Powered by WPeMatico
Jack Dorsey could potentially be ousted by investors as CEO of Twitter, but Vitalik Buterin and Elon Musk have stepped in to defend the Bitcoin bull Go to Source Powered by WPeMatico