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Square Buys Another $170 Million in Bitcoin, Initial Investment Up 376%

Square has made this Bitcoin investment public along with its Q4 2020 and full year 2020 results release. This is not the first BTC purchase made by Square. Its first tryst with Bitcoin was announced in October last year when it made a purchase of 4,709 BTC worth about $50 million at the time of … Continued The post Square Buys Another $170 Million in Bitcoin, Initial Investment Up 376% appeared first on BeInCrypto. дальше »

2021-2-24 16:00


Square’s Cash App & Grayscale Combined Consume Over 50% of Bitcoin’s Daily Supply

This is a whopping 367% increase over the same quarter last year at $66 million. Revenue from bitcoin now accounts for 57% of Cash App’s total reported revenue, up from 47% in 2019. Bitcoin revenue generated a gross profit of $7 million, benefitting from “an increase in transacting active bitcoin customers and growth in customer […] дальше »

2020-5-7 17:57


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Pantera Capital and Square just bet $14 million on this Seattle startup to take on Ripple

Square, Inc, Pantera Capital, and Digital Currency Group announced a $14 million Series A financing round into Transparent Systems, a Seattle-based startup with similar ambitions to Ripple. This is in addition to the $8 million in seed financing Transparent Systems received from Vulcan Capital in July 2018. дальше »

2020-2-6 13:18


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Chinese Listed Companies and Bitcoin Mining: Partner or Predator?

This article was originally published by 8btc and written by Lylian Teng. Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the country’s tough stance on bitcoin. дальше »

2019-5-29 18:53


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Cryptos Act as Hope in a Hyperinflation-Striken Venezuela

Venezuela’s inflation rate is expected to hit ten million percent in 2019. In this time, Venezuelans are struggling to afford two square meals a day. Online news outlet City News 1130 shared how nonprofit organizations are sending direct relief to people in Venezuela in cryptocurrencies and helping them escape the severe financial crisis. дальше »

2019-5-23 23:00