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On Tuesday, payments giant Square announced a major push to go carbon neutral by 2030.As part of the initiative, Square will be dedicating $10 million to its Bitcoin Clean Energy Investment Initiative, which aims "to support companies that help drive adoption and efficiency of renewables within the bitcoin ecosystem."Square is the
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Payments company Square said Tuesday it will buy Credit Karma’s tax business for $50 million and integrate it into its Cash App, a major hub for bitcoin sales.Cash App will make Credit Karma’s do-it-yourself tax-preparation software available to its 30 million monthly users for free, Square said. Those users already
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On an overall scale, the third quarter’s total company revenue amounted to $3.03 billion, up from $1.27 billion in the third quarter of the previous year.On Thursday at the market close, Square Inc (NYSE: SQ) published in its Q3 investor letter that during the third quarter of 2020, it has
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It was a monster quarter for Square’s bitcoin business.For comparison, in the second quarter of 2020 the publicly traded payments company sold $875 million through its Cash App with $17 million in profit. Square sold $516 million in bitcoin over the entire year of 2019.Among publicly traded companies, it could
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Maggie Valentine was awarded the grant to help make bitcoin wallets usable by anyone. Source
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In this issue Why did Square acquire US$50 million in bitcoin?Google Cloud joins Block.one networkDigital currency initiatives advance globallyIn China: central bank pushes 50,000 people to spend new e-RMB; Hong Kong as DCEP’s sandboxFunding spotlight: betting on cryptocurrency in India From the Editor’s DeskDear Reader,What’s happening in this part of the world,
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Payments company Square’s announcement that it would put some $50 million, or 1% of its assets, into bitcoin has touched off speculation that more corporations might do the same. Jack Dorsey, the Twitter CEO who also helms Square, is a longtime bitcoin bull, so it wasn’t a huge surprise his company would
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Bitcoin is flashing green as Square converts some of its cash to crypto while ether options traders are making lots of bets for December expiration.Bitcoin (BTC) trading around $10,890 as of 20:00 UTC (4 p.m. ET). Gaining 2.1% over the previous 24 hours.Bitcoin’s 24-hour range: $10,532-$10,962BTC above its 10-day and
Read MoreIn a surprise move, Square announced the acquisition of 4,709 Bitcoin (BTC) worth roughly $50 million at time of publication. The company’s co-founder Jack Dorsey has been a long-term proponent of Bitcoin and crypto, while the company’s CashApp allows its users to invest in Bitcoin.This news comes months after another
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Jack Dorsey's payments company announced Thursday it has purchased 4,709 bitcoins in a strategic investment. Source
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