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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
Here Are the Top Public Companies That Have Adopted Bitcoin as a Reserve Asset
11.10.2020
When Microstrategy Inc. bought $425 million bitcoin in the last two months, the decision became an important stamp of institutional approval of the top crypto’s credentials as a mature, safe-haven asset. The American technology firm had just made bitcoin its primary reserve asset to hedge...
First Mover: Bitcoin Hits $11K as Square Exposes $2.3T Corporate Money Pot
9.10.2020
Square's $50M bitcoin purchase has analysts doing back-of-the-envelope math on the possibility of rising allocations from corporate treasurers
Market Wrap: Bitcoin Surges on Square News to $10.9K; December Ether Options Pile Up
8.10.2020
Bitcoin’s price jumped on news of payments firm Square’s investment while traders have amassed over $165 million in ether options open interest for December expiration
The Market Reacts to Square’s $50M Bitcoin Buy
8.10.2020
Reactions from Bitcoin Twitter and beyond as Square puts 1% of its treasury assets into bitcoin
Square’s Major Bitcoin Buy: Puts 1% of Total Assets Worth $50 Million in BTC
8.10.2020
Square Inc. has put 1% of its total assets in bitcoin worth about $50 million. The company believes that “cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system.” Square’s Major Bitcoin Buy Square Inc....
Jack Dorsey's Square adds 4,709 Bitcoin to its balance sheet
8.10.2020
They went so far as to refer to cryptocurrency as "an instrument of economic empowerment."
Square Puts 1% of Total Assets in Bitcoin in Surprise $50M Investment
8.10.2020
Jack Dorsey's payments company announced Thursday it has purchased 4,709 bitcoins in a strategic investment
Square CEO Jack Dorsey says Bitcoin holds the keys to security
25.9.2020
He also took the time to discuss how content saved via Blockchains becomes effectively immutable
Square launches cryptocurrency patent alliance to fight the trolls
11.9.2020
Square is launching a consortium to pool patents and democratize access to innovative blockchain technologies
Square Forms Group to Stop Patent Hoarding From Stifling Crypto Innovation
10.9.2020
Square said the Cryptocurrency Open Patent Alliance (COPA) will allow companies to access and share tech innovations with one another
Coinbase to Offer Bitcoin-Based Cash Loans of up to $20,000 Across 17 US States
14.8.2020
U.S. crypto exchange Coinbase will start offering bitcoin-backed cash loans to select customers as early as next month. Investors can borrow up to 30% of the bitcoin they hold on the exchange, or a maximum $20,000, it said. In a blog post on August 13, Coinbase unveiled its new crypto lending...
Square’s Cash App Bitcoin Revenue Surges 600% to $875 Million in Q2, Profit Up 711%
6.8.2020
Square Inc. has reported a significant bitcoin revenue increase in the second quarter. Its Cash App generated $875 million in revenue, a 600% increase from the previous year. In addition, Square’s bitcoin gross profit jumped 711%. Square Cash App’s Bitcoin Revenue Square released...
3 Bullish Signs That Overall Demand for Bitcoin Is Skyrocketing
5.8.2020
Unique entities hit their highest weekly average since early 2018 as bullish network momentum snowballs
Square Reports 600% Increase in Quarterly Bitcoin Revenue
5.8.2020
Jack Dorsey's Square has seen one of the largest quarterly increases yet for its bitcoin business
Bitcoin Trading Generated $875M in Quarterly Revenue for Square
5.8.2020
Bitcoin trading drove $875 million in quarterly revenue for the U.S-based financial services firm Square, comprising a 75% gain over Q1 2020
Square Crypto, Human Rights Foundation Ramp Up Bitcoin Development Grants
5.8.2020
Square Crypto and the Human Rights Foundation are continuing their support for an open source Bitcoin developer community with new contributor grants
Second Lawsuit Filed Against Plaid
19.7.2020
Another class action lawsuit against Plaid has been filed citing the company violated user data privacy
Jack Dorsey’s Cash App Sponsors NASCAR Driver Bubba Wallace
15.7.2020
The NASCAR driver has a new sponsorship deal with Jack Dorsey's Cash App that will see him sport the bitcoin logo at race events