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Payment processor Square said in its third quarter earnings letter Thursday that its Cash App generated $1.82 billion of bitcoin revenue in the quarter and $42 million of gross profit, up 115% and 29% year-over-year, respectively.Bitcoin revenue and gross profit decreased in the third quarter versus the second quarter, however,
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Blake Cassidy, CEO of Australian micro-investment app Bamboo, has claimed that the Australian Securities Exchange’s (ASX) bias against listing crypto companies is causing an Aussie brain drain leading firms to seek out a US listing.Cassidy’s comments come in the same week the company announced a $3 million ($4M AUD) Series
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The Commonwealth Bank of Australia (CBA), the country’s biggest bank, is providing customers with the ability to buy, sell, and hold crypto assets directly through its app. The bank has partnered with crypto exchange Gemini and blockchain analytics firm Chainalysis to provide crypto services. Commonwealth Bank Begins Offering Crypto Services Commonwealth Bank
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Cryptocurrency exchange Crypto.com now tops the charts as the most downloaded app for the U.S. Google Play Store across all categories.According to the most recent list of Google Play Store’s top free apps, Crypto.com’s app has surged in the ranks of apps by the number of downloads to jump to the
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“Artists, teams and venues that don’t adapt will get left behind,” said Josh Katz, CEO of YellowHeart. “Providing fans with a technology that grants exclusive access to concert tickets and event-specific content is a real win for us, combining this with our focus on artist community tokens, exclusive album-connected NFT
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Cryptocurrency exchanges Coinbase and Crypto.com are now two of the most downloaded apps for the United States Apple App Store, topping the charts at first and third place, respectively.According to the Top Charts list on the Apple App Store, Coinbase has regained its position as the most popular app in
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Peer-to-peer cryptocurrency marketplace Localbitcoins has announced the launch of a new mobile application for its global user base. The software is designed for devices running on Android. The app has been released in response to a growing number of mobile traders. P2P Crypto Market Localbitcoins Offers Users Android App Popular P2P
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“We’ve flirted with bringing crypto back into our project for a while now, but there were always obstacles in the way,” Current Chief Technology Officer Trevor Marshall told CoinDesk in an interview. “When DeFi really took off in 2019 we were able to get over a lot of the technical
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How long does a layer 2 remain a layer 2?A new report released on Wednesday from blockchain development platform Alchemy shows that the number of apps on self-described Ethereum layer 2 Polygon is growing at a rapid rate, and that the ecosystem is increasingly becoming independent from projects on the
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BusinessBTIG analyst Mark Palmer says traditional money-transfer firms are likely to face increased pressure from crypto projects.By Michael BellusciOct 20, 2021 at 2:43 p.m. UTCUpdated Oct 20, 2021 at 2:43 p.m. UTCWestern Union (Sean Gallup/Getty Images) Original Source
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