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Jack Dorsey’s Square has reported a 200% increase in Bitcoin revenue for the second quarter year-on-year (YoY).The company announced the impressive earnings figures in its second-quarter shareholder letter on August 1. In the report, Square revealed its total gross profit grew 91% YoY to $1.14 billion.Bitcoin services drove $2.72 billion
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Jack Dorsey has confirmed that Square is working on developing a hardware wallet for Bitcoin The team at Square is requesting community participation in the project Square is also hiring for key roles in hardware, software, security and business Jack Dorsey has proposed an ‘assisted self-custody’ solution centered around the internet on mobile Square
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Square, Inc. (SQ) reported first quarter 2021 earnings this week, and the company revenues vastly surpassed the analyst’s expectations. Quarterly revenues to start the year came in at over $5B USD, compared to average analyst projections anticipated $3.37B. In the last quarter of 2020, the company purchased $50M worth of
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As the crypto industry continues to become mature every passing year, the CCI will now work on getting all participants together on a common platform through education and guidance. On Tuesday, April 6, crypto industry weights including Square, Coinbase, and Fidelity joined hands establishing a new cryptocurrency trade
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The Cryptocurrency Open Patent Alliance (COPA) is striking back against a cease-and-desist order sent by nChain Chief Scientist Craig Wright with a counter-requirement of their own: First, prove you’re Satoshi Nakamoto, the creator of the white paper. Source
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Planned investments "will include holding tokens directly as well as equity in early-stage blockchain-related projects." Source
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Square Crypto’s latest grant will fund a Bitcoin developer’s work on software that could improve how mining collectives pool hash power.Pseudonymous developer Fi3 (@piccioneLibero2 on Twitter, or “free pigeon”) will receive an undisclosed sum to work on an implementation of Stratum V2, the next iteration of a Bitcoin mining protocol
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Following MicroStrategy, the Bitcoin-friendly fintech company Square shocked the space earlier this year when it revealed it would
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Square Crypto is bankrolling its 8th designer grant to focus on Bitcoin’s user experience. This marks the Square offshoot’s 20th grant in support of Bitcoin development since it launched in the summer of 2019.Portuguese software designer Patrícia Estevão is Square Crypto’s most recent grant recipient. Per her grant proposal, the
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Square will dedicate $10 million to the development of clean bitcoin mining technologies. Source
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