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Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets
21.11.2020
Paypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago. Now that’s according to estimates by hedge fund manager Pantera Capital, as revealed in its latest monthly blockchain letter. Together with Square’s...
Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims
20.11.2020
Bitcoin's supply crunch could be having a dramatic impact on price, according to Pantera Capital
Cash App’s Bitcoin Revenue Soars 1,000% to $1.63 Billion in Q3, Square Announces
7.11.2020
Cash App, a mobile payment service of Square Inc., generated more than $1.63 billion in bitcoin revenue in Q3 2020, which is an increase of more than 1,000% over the same period last year. The company recently invested 1% of its total assets, or $50 million, into bitcoin. Cash App’s Bitcoin...
Blockchain Bites: Buterin’s Stake, Google’s Bitcoin Searches, Square’s Bustling BTC Business
6.11.2020
Cash App generated over $1 billion in bitcoin revenues in Q3. Though, Google search data shows little "FOMO" amid the current market bull run
Almost 80% of Square’s Cash App Q3 revenue was from Bitcoin
6.11.2020
Square’s Cash App has increased Q3 Bitcoin revenue by 1,100% after more than $1.6 billion Bitcoin was purchased by users
Square Reports $1B in Quarterly Bitcoin Revenue for First Time: Q3 Earnings
5.11.2020
"Cash App generated $1.63 billion of bitcoin revenue and $32 million of bitcoin gross profit during the third quarter of 2020."
Bitcoin bull Jack Dorsey keeps role as Twitter CEO following board review
3.11.2020
The crypto-friendly social media platform keeps its pro-Bitcoin CEO
Major Defi Token Prices Plunge, as Money Moves Back Into Bitcoin
2.11.2020
Major decentralized finance (defi) projects fell sharply in October, with token prices tumbling by between 30% and 56%, as money appears to be moving away from the overhyped space and back into bitcoin. According to Coingecko data, Andre Cronje’s Yearn Finance (YFI) fell fastest, crashing...
Square Funds Designer to Make Crypto Wallets Usable by Anyone
1.11.2020
Maggie Valentine was awarded the grant to help make bitcoin wallets usable by anyone
Report: Bitcoin Set for its Biggest Breakout Yet
30.10.2020
A recent Coinmetrics report says on-chain fundamentals are hinting at bitcoin experiencing its biggest breakout yet. The report notes that bitcoin is already showing signs of this following its rise by about $1,000 in one day on October 21. The digital asset has subsequently set a new all-time high...
40 Million Troy Ounces: Russia’s Gold Find Reaffirms Bitcoin as the More Scarce Asset
26.10.2020
News of the discovery of approximately 40 million troy ounces of gold in Russia’s Siberian region is likely to boost the profitability of the country’s biggest gold producer, while adding to the supply of the “scarce” resource. Reports say the Polyus owned the Sukhoi...
JP Morgan Sees Millennials’ Bitcoin Preference Over Gold as Foundation for Its Long Term Success
25.10.2020
JP Morgan says bitcoin’s 2020 surge is set to continue as the digital cryptocurrency competes better against gold as an alternative currency. In a note, the financial institution says that with millennials set to become a more important market participant in the coming years, their preference...
PayPal, Square, Revolut, and Robinhood: A Crypto Comparison
22.10.2020
With PayPal's latest, big crypto news, entering the crypto market officially, let's take a quick look and compare their offering to those of other large payments companies that entered the space before it: Revolut and Square, and investing app Robinhood. This allows an insight into what exactly...
$10 Billion in BTC Reserves: Companies With Bitcoin Treasuries Command Close to 4% of the Supply
21.10.2020
The web portal bitcointreasuries.org now shows close to two dozen firms with a large number of bitcoin reserves. Currently, the aggregate total bitcoin held in reserves by the 23 companies listed is roughly 785,999 BTC worth well over $10 billion dollars. This past August the billion-dollar firm...
Baby Steps or Handcuffs? Crypto Pros Assess PayPal’s Bitcoin Play
21.10.2020
Fintech giant PayPal confirmed its move into crypto Wednesday. Is its no-withdrawals bitcoin service too restrictive or mainstream-friendly?
Bitcoin average transaction value increases 500% since July
21.10.2020
The average Bitcoin transaction is now worth more than $150,000
The next big treasure: Corporations buy up Bitcoin as a treasury reserve
17.10.2020
The entry of firms like Square, MicroStrategy and Stone Ridge may open the BTC floodgates and provide “confidence for the rest to follow.”
New York polls crypto firms on security measures after Twitter hack
16.10.2020
The New York Department of Financial Services found that crypto firms blocked the Twitter hackers’ crypto addresses within 40 minutes
Fidelity Digital Assets Touts Bitcoin Credentials, As Publicly Traded Companies Now Hold Over 600,000 BTC
15.10.2020
Fidelity Digital Assets (FDA) says diversifying an investment portfolio with bitcoin is especially essential now when benchmark interest rates globally are near or below zero. The opportunity cost of not allocating to bitcoin is simply higher explains FDA in its latest bitcoin investment thesis....
JPMorgan Calls Square’s Bitcoin Investment ‘Strong Vote of Confidence’ for the Cryptocurrency
14.10.2020
Other payment companies will also likely follow in Square's footsteps or risk getting shut out of a growing segment, JPMorgan wrote