#Square News

Twitter Announces Intent to Build a Decentralized Social Media Platform

Twitter Announces Intent to Build a Decentralized Social Media Protocol

December 11, 2019 by Ashwath Balakrishnan at Blockchain

Jack Dorsey is the visionary founder behind Twitter and Square Financial. In a fairly long Twitter thread, Dorsey announced that Twitter is hiring a small team of developers to help build an open and transparent protocol named BlueSky, which could serve as a base for what is to be the...

Jack Dorsey Can’t Envision Twitter and Libra Together, Envisions Massive Potential in Decentralized Protocols

October 25, 2019 by Ashwath Balakrishnan at Altcoins

When asked whether Twitter would be interested in joining the Libra Association, Jack Dorsey met the inquiring journalist with a prompt "hell no". Dorsey's reaction is not surprising in the slightest as he has previously spoken of his issues with a network like Libra. That being said, Dorsey sees immense...

Skrill CashApp Sqaure circle Fists in the air

Payments Providers are Leading the Bitcoin Charge

August 13, 2019 by Ashwath Balakrishnan at Bitcoin

The likes of Square, PayPal, Circle, and Skrill have been the silent drivers of the Bitcoin adoption movement. As seen in a report by Forbes, August 12, 2019, Coinbase was only able to launch its flagship crypto debit card in the U.K. because of its existing partnership with Skrill. Meanwhile,...

Americans Buying more Bitcoin Every Quarter Since Q1 2018

August 3, 2019 by Osato Avan-Nomayo at Bitcoin

Bitcoin is becoming increasingly popular in the U.S. with an observable quarterly increase in BTC sales in the country. This trend is despite a year-long bear market that characterized all of 2018. Some commentators believe more money will flow into BTC in the U.S. following the changing demographics of the...

Square Q2 Earnings: Bitcoin Gamble Paying Off, Specific Revenue Jumps

August 2, 2019 by Ashwath Balakrishnan at Bitcoin

Payments firm Square announced a $125 million in revenue from Bitcoin through its mobile payments service, CashApp. Square entered the crypto space, much to the dismay of traditional players, and have established themselves as a strong brand capable of understanding consumer needs. Their last earnings report was dismal, but since...

Guys looking at Libra on whiteboard perplexed

Regulatory Pressure Could Prevent Facebook’s Libra from Launching

July 31, 2019 by Anthonia Isichei at Altcoins

The intense scrutiny from regulatory agencies, governments, and central banks globally regarding Facebook’s Libra, could just be the end of the company’s stablecoin project. According to a report by CNBC, Facebook revealed in a recent filing with the U.S. Securities and Exchange Commission (SEC) that plans to launch Libra in...

The Bitcoin Fever is Taking Square's Stocks to the Moon

Square Crypto Adds Ex-Google Director to its Team

June 13, 2019 by Ogwu Osaemezu Emmanuel at Business

Square Inc., a San Francisco-based fintech firm led by Twitter founder Jack Dorsey, has announced via Twitter on June 12, 2019, the addition of Steve Lee, a former director at Google, to Square Crypto, the firm’s cryptocurrency project aimed at improving the Bitcoin ecosystem and fostering widespread adoption. Square Crypto...

Bitcoin with its foot on Paypal, leaning back with more crypto behind it

PayPal May Be Opening Up to Digital Currency

May 13, 2019 by Ashwath Balakrishnan at Adoption, Bitcoin, Blockchain, News

PayPal’s ambivalent stance over the digital currency might be changing as CFO John Rainey has stated that the payment processor has created teams to study both blockchain and cryptocurrency, as reported by Forbes on May 10, 2019. PayPal previously allowed merchants to receive payments in Bitcoin but removed functionality after...

Square’s Stock Tanks after Lackluster Q1 Results

May 3, 2019 by Ashwath Balakrishnan at Bitcoin, Business, Finance, News

Despite a 43 percent year-on-year growth in net revenues, Square has declared a loss per share of 9 cents in a letter to shareholders. Wall Street was expecting the loss making company to finally declare an earnings call in the green, evidently, the market punished Square for hitting below expectations....

Square Open Sources Subzero, an Enterprise Offline Bitcoin Wallet

November 2, 2018 by Cindy Huynh at Bitcoin, Finance, News, Platform, wallet

Square, a financial services and mobile payment company, has open sourced the documentation, code, and tools for Subzero, an enterprise offline Bitcoin Wallet. According to Square’s blog published on October 23, 2018, Square recognized the importance of not only developing a safe and secure storage option for Bitcoin but the...

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