Cryptocurrency Analysis and News Portal
“In any other space, if you’re working incrementally, you’d see increased compliance,” Grewal observed. “[In crypto], we haven’t seen that, so we’ve had to change strategy.” In other words, in Grewal’s view, the SEC lawsuit came down against Coinbase because the exchange didn’t respond to earlier warnings. Original Source
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Square Inc. has reported bitcoin revenue of $1.82 billion in the third quarter, an 11% increase from the same period last year. Its bitcoin gross profit was $42 million during the time period, a 29% increase year-over-year. Square’s Bitcoin Profit up 29% in Q3 In the company’s Q3 2021 Shareholder Letter, published
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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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Square has had a busy weekend. The company made headlines for it’s purchase of Australia-based fintech firm, Afterpay, in an all-stock deal. Square then went on to release it’s Q2 2021 Shareholder Letter, filled to the brim with company insights – including some strong growth numbers in crypto transactions on Square’s
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Square will invest in environmentally conscious bitcoin tech. Spain’s second-largest bank is reportedly planning a leap into the digital asset industry. And large crypto funds topped a combined $15 billion AUM, as markets trade sideways. Top shelfGreening the orangecoinSquare has announced the launch of a Bitcoin Clean Energy Investment Initiative, where
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Cash App generated over $1 billion in bitcoin revenues for Square in Q3. Vitalik Buterin sent 3,200 ETH to Ethereum 2.0’s deposit contract. Google search data shows little “FOMO” amid the current market bull run.Top shelfMonster quarterCash App, the mobile payment service of Square (helmed by Twitter CEO Jack Dorsey),
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Square’s recently announced $50 million investment in bitcoin (BTC) is a “strong vote of confidence for the future of bitcoin” and a signal the payments company sees “a lot of potential” for the cryptocurrency as an asset, JPMorgan analysts said in a report dated Tuesday. Source
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Bitcoin price blasted back above $11,000 in response to yesterday’s news that the Jack Dorsey-led Square Inc. had
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CryptoX is preparing for the invest: ethereum economy virtual event on Oct. 14 with a special series of newsletters focused on Ethereum’s past, present and future. Every day until the event the team behind Blockchain Bites will dive into an aspect of Ethereum that excites or confuses us. The Top Shelf news you subscribed to is down
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Reactions from Bitcoin Twitter and beyond as Square puts 1% of its treasury assets into bitcoin.A special breaking edition of The Breakdown follows the market’s reaction to Square’s surprise $50 million bitcoin investment. NLW breaks down the foundations for the investment, including:He also discusses the market’s reaction, from the (potential) connection to Coinbase’s
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