Block Inc. has announced its strategy of regularly purchasing bitcoin for its corporate balance sheet via dollar-cost averaging (DCA). The company plans to allocate 10% of its monthly gross profit from bitcoin products towards investments in the cryptocurrency. “We view bitcoin as an instrument of global economic empowerment; it is a way for individuals around…
Read more
On Wednesday, Block, the financial services firm, disclosed that merchants using Square can convert their daily sales into bitcoin through the Cash App. Block’s founder, Jack Dorsey, revealed this update on X, and as of today, merchants have the option to transfer between 1-10% of their Square-generated earnings into bitcoin, the leading crypto asset by…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Voyager Might Start Fund Distribution in ‘Few Weeks’, Jack Dorsey’s Cash App Posts $2.16B in BTC Revenue for Q1, UK Continues Crypto ATM Crackdown Read more »Sign up…
Read more
This week’s Crypto Biz explores Canada’s new crypto conglomerate, the recent premature passing of the Cash App creator in San Francisco, as well as DOGE news, and U.K. crypto challenges. Twitter CEO Elon Musk has made another marketing move to bridge the social media platform with the crypto community by switching its logo icon to…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Police Looking for the Killer of MobileCoin Exec Bob Lee, MicroStrategy Acquires Additional 1,045 BTC, Fashion Giant Ralph Lauren Enables Crypto Payments in Miami Store Read more »Sign…
Read more
Bob Lee, the creator of Cash App and the former technology chief at Square has died after he was stabbed by an unknown attacker. Bob Lee, the former chief technology officer of Square and creator of Cash App has died following a stabbing in San Fransisco in the early hours of Tuesday, April 4 local…
Read more
C= (pronounced C equals) aims to further the reach of the Bitcoin Lightning Network through added liquidity and routing services. TBD, a division of Block (formerly Square) led by CEO Jack Dorsey, launched a new venture named c= (pronounced c equals) to improve the Bitcoin Lightning Network through tools and services. The Lightning Network (LN) is…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: US Fed Denies Custodia Bank’s Membership Request, Dapper Labs Lays Off 20% of Staff, Block Reports $1.66BN Profit for Q4, Binance Finds 500 ‘Incorrectly Classed’ Aussie Users Read…
Read more
Twitter founder Jack Dorsey’s payment firm Block, formerly called Square, has seen a downgrade, dragged down by none other than bitcoin (BTC) – or rather, the company’s “preoccupation” with it. Investment bank Mizuho downgraded Block from “buy” to “neutral”, arguing that the company is significantly focused on BTC despite it contributing less than 5% of…
Read more
Twitter founder Jack Dorsey’s payment firm Block shared more details about its previously announced wallet, focusing on the plans for combining safety and ease of use/access in order to create a broader and less ‘hesitant’ customer base…. Read More: Block Bitcoin Wallet Team Reveals Their Plans and Seeks Feedback Read more »Pay, Trade, Buy Bitcoin…
Read more
