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Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down
5.8.2022
Block Inc. posted $1.47B worth of profit in Q2 but BTC trading services profit only accounted for $41 million of that figure, with the firm citing price volatility and a lack of consumer demand
Three Arrows Reprimanded by Singapore, Crypto AUMs at Record Low, N Korean Hackers + More News
30.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Three Arrows Reprimanded by Singapore, Crypto AUMs at Record Low, N Korean Hackers + More News
Declare the Side Hustle — Americans Are Concerned About the 1099-K Tax Rule for Payments Over $600
10.6.2022
Americans are worried about a new tax reporting requirement that will force applications like Venmo, Cash App, Paypal, Airbnb, and Ebay to send 1099-K forms to users. The U.S. Internal Revenue Service (IRS) is specifically focusing on payments of $600 or more for goods and services received through...
Jack Dorsey and Jay-Z collaborate on Bitcoin Brooklyn educational program
9.6.2022
The Shawn Carter Foundation and Cash App will provide informative seminars and classes on Bitcoin to specific New York City residents this summer
Bitcoin Lightning Network Payments Jump Over 400%, 80M Users Have Access to Lightning
18.4.2022
As the usage of the Bitcoin (BTC) Lightning Network is growing rapidly, now more than 80m users are estimated to have access to this network, compared with 100,000 users last summer, a new report from Arcane Research has found.
The main driver of growth for the Lightning Network this year...
Cash App and Chivo help drive Lightning payment volume up 400%
14.4.2022
Bitcoin’s layer 2 scaling solution, the Lightning Network, has seen payment volume increase by over 400% as real adoption grows
Cathie Wood’s Ark Invest dumps PayPal favoring Bitcoin-friendly Cash App
11.4.2022
Wood believes that Venmo is merely a follower of Cash App, which has generated more than double Venmo’s revenue from almost half the number of users
Cash App users can now invest paychecks into Bitcoin
7.4.2022
The Bitcoin 2022 conference in Miami set the stage for the announcement followed by a panel with athletes Serena Williams, Odell Beckham Jr. and Aaron Rodgers
Cash App Introduces Paid in Bitcoin, BTC Roundup and Lightning Network Services
7.4.2022
At the Bitcoin 2022 conference in Miami, Block, Inc., formerly Square, Inc., announced three new bitcoin services for the company’s mobile payment platform. The mobile payment platform Cash App will feature a “paid in bitcoin” service that allows users to auto-invest their work...
Cash App Rolls Out Service to Automate Getting Paid in Bitcoin
7.4.2022
Block’s mobile payment service also announced a feature to round up payments to buy bitcoin with the difference, and the ability to send bitcoin using the Lightning Network
Cash App Launches ‘Paid in Bitcoin’ Function, Adds Lightning Transfers
7.4.2022
Cash App, the mobile payments app developed by the Jack Dorsey-led payments firm Block, Inc., announced three new bitcoin functions today, including a new way to receive bitcoin (BTC) payments via the Lightning Network.
Speaking at the Bitcoin 2022 conference in Miami on Thursday, Miles Suter...
Block Notifies 8.2M Customers After Breach of Cash App Investing
6.4.2022
A former employee improperly accessed reports related to U.S. customer accounts. The reports did not contain personally identifiable information
Mobile banking app Dave scores $100M investment from FTX US
22.3.2022
Dave is the latest in a series of fintech payments apps to offer crypto services, following PayPal, Venmo, and Cash App
Fast-Food Chain Shake Shack Trials Bitcoin Rewards for Customers Using Cash App
5.3.2022
The American fast-food restaurant chain Shake Shack is giving bitcoin rewards to customers leveraging Cash App’s debit card payment rail, Cash Card. According to Shake Shack, participants will get 15% of their purchase back in the form of bitcoin, and the crypto promotion will last until...
Shake Shack Bitcoin, Manchester OKX, New Crypto Investments + More News
4.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
__________...
Read More: Shake Shack Bitcoin, Manchester OKX, New Crypto Investments + More News
Shake Shack Offering Bitcoin Rewards for Customers Using Block’s Cash App: Report
4.3.2022
The burger chain is testing customer demand for cryptocurrency options, especially among its younger clientele
Cash App’s Bitcoin Revenue Grew 119% in 2021, Gross Profit From BTC Rose 124%
26.2.2022
Popular mobile payment platform Cash App, developed by Jack Dorsey’s Block Inc., generated $10 billion in bitcoin revenue and $218 million in bitcoin gross profit in 2021. Compared to the previous year, the bitcoin revenue increased 119% while gross profit rose 124%. Cash App’s...
Block, Coinbase Release Positive Q4 Results Amid Growing Market Uncertainty
25.2.2022
Payments giant Block has reported positive results for the fourth quarter of 2021, signaling an unexpectedly robust outlook for this year. At the same time, major crypto exchange Coinbase also posted quarterly results that exceeded analyst expectations, but its expectations of a lower trading...
Block nets $1.18B Q4 gross profit marking a 47% YoY increase
25.2.2022
In total, Block generated $4.42 billion worth of gross profit in 2021 marking a total YoY growth of 62%, however, net profit totaled just $77 million
Bitcoin Lightning Network goes live on Cash App
8.2.2022
Cash App mentions that the Lightning Network feature is not available to users located in New York