#Square News

Over 50 Percent of Square Merchants Ready to Accept Bitcoin, Survey Shows

Square’s Bitcoin (BTC) Revenue Soars, Set to Acquire Afterpay

August 2, 2021 by Ogwu Osaemezu Emmanuel at Bitcoin

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 Acquisition Square, a San Francisco-based financial services company focused on...

Jack Dorsey to Make Bitcoin (BTC) a ‘Big Part’ of Twitter’s Future

July 23, 2021 by Aisshwarya Tiwari at Bitcoin

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 Q2 2021 call is anything to go by, BTC could...

Square to create new platform for decentralized finance services

Square to Create New Bitcoin-Focused Platform for DeFi Services

July 16, 2021 by Adeniyi Olowoporoku at Bitcoin

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 added details. Dorsey stated that they had decided to build...

Twitter CEO Jack Dorsey Just Made a Bold Prediction about Bitcoin’s Future

Jack Dorsey’s Twitter and BlueSky Could Integrate Bitcoin’s Lightning Network

June 11, 2021 by Dalmas Ngetich at Bitcoin

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 user, the entrepreneur said it was "only a matter of...

Blockstream, Square Inc. Partner to Promote Solar-Powered Bitcoin Mining

June 7, 2021 by Aisshwarya Tiwari at Bitcoin

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 bitcoin mining facility at one of Blockstream’s mining sites in...

Bitcoin (BTC) Pushes Square’s Revenue up by 266 Percent

May 7, 2021 by Ogwu Osaemezu Emmanuel at Bitcoin

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 (BTC) as the internet’s potential native currency and the team...

Paypal’s Move to Crypto Might Is not What it Seems, Here’s the ‘Catch’

PayPal Establishes Cryptocurrency Checkout Service

March 30, 2021 by Wayne Jones at Bitcoin

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 Crypto Traders PayPal's Checkout will allow Bitcoin (BTC), Ether (ETH),...

Bitcoin Shows Some Signs of Stabilization After Brutal Decline

JPMorgan Says Retail and Institutional Bitcoin Flows Were Equal in Q1

March 16, 2021 by Wayne Jones at Bitcoin

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 last quarter, strategists, including Nikolaos Panigirtzoglou, in a report on...

Bitcoin Cumulative Transfer Value Surpasses $3.5 Trillion

March 13, 2021 by Wayne Jones at Bitcoin

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 interest in the cryptocurrency. Bitcoin Bull Run in the Past...

Chinese Media Bitcoin Bull Run Could be Bearish for Gold and Precious Metals

Bloomberg Statistics: Institutions Prefer Bitcoin to Gold ETFs

March 9, 2021 by Dalmas Ngetich at Bitcoin

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 8 points to convincing statistics showing an accelerated influx to...

Getting the most out of your Bitcoin as market corrections loom

Crypto Adoption Rate is Steadily Rising Compared to 2017

March 9, 2021 by Wayne Jones at Bitcoin

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 over all. For the first time, we can say that...

Could Twitter Be the Next Big Company to Add Bitcoin to Its Balance Sheet?

March 2, 2021 by Dalmas Ngetich at Bitcoin

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 Add Bitcoin to their Treasury? In a tweet, a few...

Twitter, MicroStrategy BTC Purchase Show Institutional Confidence in Bitcoin (BTC)

February 24, 2021 by Anthonia Isichei at Bitcoin

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 Assets Square made the announcement in its recent bitcoin investment...

MicroStrategy Raises $1.05 Billion to Boost Bitcoin Offering

February 20, 2021 by Wayne Jones at Bitcoin

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 72,000 bitcoins as of February 2. Based on the price...

Jack and JAY-Z are giving 500 BTC to fund Bitcoin development

Jack Dorsey and Jay-Z Set Up Btrust Focused on India and Africa

February 12, 2021 by Wayne Jones at Bitcoin

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 binding direction from them. https://twitter.com/jack/status/1360114881978982403 Btrust Aims to Promote Bitcoin...

Pages: 123Last Page