#Square News

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...

a lawmaker tears apart finCEN crypto laws draft

Coinbase, Square, and Andreessen Horowitz Slam FinCEN’s Proposed Crypto Laws

January 5, 2021 by Evan Ezquer at Regulation

Major U.S crypto companies Coinbase, Square, and Andreessen Horowitz have joined hands to fight the new AML regulations introduced by FinCEN, arguing that these restrictions could push users away from standardized platforms and choke innovation. FinCEN Midnight Crypto Rulemaking FinCEN, which works under Steven Mnuchin's Department of the Treasury, proposed a...

Cryptocurrency Investors Believe Bitcoin is a World-Changing Technology

Another NASDAQ-Listed Firm to Invest $100 Million in Bitcoin

December 30, 2020 by Dalmas Ngetich at Bitcoin

Kuala Lumpur-headquartered and NASDAQ-listed Greenpro Capital plans to acquire Bitcoin through its subsidiary, CryptoSX, a press release on Dec 28 reveals. Greenpro Capital Believes in the Mass Adoption of Bitcoin In a statement, the company said it believes in the ongoing mass adoption of Bitcoin by banks, hedge funds, and...

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

Square’s Cash App Reports Over 80% Revenue from Bitcoin (BTC) for Q3 2020

November 6, 2020 by Aisshwarya Tiwari at Bitcoin

Square’s Cash App’s revenue from bitcoin continues to rise exponentially as FOMO sets in amid increasing BTC price. Bitcoin is the King According to Square’s third-quarter report, Cash App’s revenue generated in the form of bitcoin skyrocketed over $1.63 billion. The steep uptick in bitcoin revenue is an increase of...

JPMorgan Analysts Confident of More Companies Enabling Square-Like Bitcoin Purchase Feature

October 14, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

More companies are expected to join the bitcoin (BTC) bandwagon. JPMorgan Bullish on Bitcoin Banking titan JPMorgan expects more companies to follow Square’s Cash App by introducing support for payments in the premier cryptocurrency. Several analysts at JPMorgan are hopeful that numerous payment companies will enable their clients to buy...

600,000 BTC worth $6.75 Billion Held by Public Companies

October 12, 2020 by Dalmas Ngetich at Bitcoin

Public companies like MicroStrategy, Square, Grayscale Investment, and others, have in their treasury a total of over 600,000 BTC, worth more than $6.75 billion, as of Oct 12. MicroStrategy, Square Investing in Bitcoin as a Shield Against Inflation Coincidentally, this at a time when the Bitcoin price continues find support. Last...

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