Square’s Cash App Reports $17 Million Bitcoin Gross Profit in Q2 2020

2020-8-5 17:07

Jack Dorsey’s Square has announced on August 4, 2020, that it generated a massive $875 million in bitcoin (BTC) revenue via its Cash App platform in the second quarter of 2020. The firm’s report shows that over 30 million people used Cash App in June, with more than seven million users transacting with the CashRead MoreRead More.

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$ 0.0004289 (+0.63%)

Объем 24H $2

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million 2020 app cash square bitcoin moreread

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Источник: btcmanager.com

million 2020 → Результатов: 126

Square Raked in $875 Million in Bitcoin Revenue During Q2 2020

In an early release of it’s most recent shareholder report, fintech giant Square announced that it did $875 million in Bitcoin revenue during the second quarter of 2020. This figure was primarily driven by its Cash App, which enables users to buy and sell Bitcoin.

2020-8-5 15:40	Square
bitcoin 2020 revenue 875 million square figure

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Jack Dorsey’s Square Rides the Bullish Bitcoin Wave, Delivers Increased BTC Revenue for Q2 2020

Square reported $875 million in revenue from Bitcoin through Cash App in Q2 2020. This is 3x the revenue from Q1 2020 and 25x since Q1 2018 when the Bitcoin trades feature first went live on the mobile payment service, Cash App.

2020-8-5 12:18	xbtusd
bitcoin 2020 revenue cash app square 2018

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Bitcoin Trading Generated $875M in Quarterly Revenue for Square

Bitcoin trading drove $875 million in quarterly revenue for the U.S-based financial services firm Square, comprising a 75% gain over Q1 2020.

2020-8-5 12:15	Business
revenue square bitcoin quarterly trading comprising firm

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Ripple Increases XRP Sales by 18x in Q2 After Earlier Cutbacks

Ripple has published its Q2 report, indicating that the firm increased its XRP sales following lower sales in Q1 2020. Ripple Sells $32 Million of XRP Ripple sold $32.55 million...

2020-8-5 04:26	Markets
ripple sales xrp million lower following sold

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Will XRP’s Abysmal Performance Return Following Jed McCaleb’s Huge Sell-Offs?

Popular cryptocurrency transactions tracker, Whale Alert has revealed through an investigation that Ripple co-founder Jed McCaleb has sold 375 million XRP so far in 2020. The total value of which is $75 million – sold around 1.

2020-8-4 21:45	xrpusdt
mccaleb jed million sold xrp far co-founder

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Bakkt Bitcoin Physical Delivery at its Lowest in 2020 in Contrast to Trading Volume & OI

Bitcoin is immensely bullish with price making big splashes and the number of active bitcoin addresses (7-day average) surpassing 1 million, the largest addresses recorded since January 2018. These active addresses jumped while the price of bitcoin is making its way back to $11,400 after it plunged to about $10,350 over the weekend within half […]

2020-8-4 19:54	Bakkt
bitcoin addresses making active price back way

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MoneyGram Received $15.1 Million In XRP Incentives From Ripple In Q2 2020

MoneyGram’s Q2 financial report reveals that over $15 million worth of XRP was paid to the company by Ripple. The report says the payment was an incentive for the use of Ripple’s payment solution, On-Demand Liquidity (ODL).

2020-8-1 20:22	xrpusdt
ripple payment xrp million report moneygram says

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Ripple Reportedly Paid MoneyGram (MGI) $15.1 Million in Development Fees in Q2

Coinspeaker Ripple Reportedly Paid MoneyGram (MGI) $15. 1 Million in Development Fees in Q2Following a year-long partnership with Ripple, MoneyGram International Inc (NASDAQ: MGI) in its Q2 2020 report revealed that it got $15.

2020-8-1 18:50	XRP
mgi moneygram ripple fees development paid reportedly

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PayPal: Society has Reached an Inflection Point, Moving From Physical Cash to Digital

Paypal, the payment processing giant, has recorded another strong quarter with $5.26 billion in the second quarter of 2020 and added 1.7 million merchants to its ecosystem. Paypal executives got on a call recently to discuss the future of cash, and during their discussion, they noted that society had reached an “inflection point” post COVID-19 […]

2020-7-31 17:33	paypal
paypal quarter cash reached society inflection point

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Crypto Scams Reached $381 Million in 2020 Already

Coinspeaker Crypto Scams Reached $381 Million in 2020 AlreadyPresently, scams constitute 1% of activities in the crypto sphere. This year the most widely discussed scam so far is the Twitter hack.Crypto Scams Reached $381 Million in 2020 Already

2020-7-25 20:16
crypto scams reached 2020 381 million discussed

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BTCS Crypto Portfolio Expands Over 280% in Q2 2020 Amid COVID-19 Pandemic

While many institutions struggled to recover from the market downturn experienced in March, publicly traded, blockchain focused firm BTCS Inc. (OTCQB: BTCS) has increased its portfolio by 285% in Q2 2020, through well timed investments in both Bitcoin (BTC) and Ethereum (ETH), and crossed the $1 million mark for cryptocurrency asset under management (AUM).

2020-7-24 17:30
btcs 2020 portfolio investments both timed increased

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Crypto Scammers Steal $381 Million While Twitter Hackers Direct Funds to Mixers

Cryptocurrency related scams have taken a total of $381 million from victims so far this year. This figure makes crypto scams the largest category of cryptocurrency-related crimes so far in 2020.

2020-7-25 11:33
far scams crypto million 381 year figure

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Crypto Scammers Steal $381 Million in 2020, While Twitter Hackers Direct Funds to Mixers

Cryptocurrency related scams have taken a total of $381 million from victims so far this year. This figure makes crypto scams the largest category of cryptocurrency-related crimes so far in 2020.

2020-7-24 11:33
crypto far 2020 scams 381 million year

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eToro’s Professional Crypto Exchange Adds Institutional-Grade Product Suite, Launches Inverted Fee Model

Offering includes advanced FIX API, cold storage custody solution, Credit Line, special order types, and brand new high-performance matching engine July 23, 2020: eToro, the multi-asset platform with over 13 million registered users globally, has added several enhanced trading and risk management tools to its crypto exchange, eToroX.

2020-7-24 22:00
etoro exchange crypto platform million multi-asset engine

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aelf’s Hacker Bounty Phase 2 Kicks Off

aelf Stakes $100,000 USD (1 Million ELF) to anyone who can hack their Cross-Chain Transfer Protocol On July 16th, 2020 aelf announced their latest bounty program in which hackers will race against each other in an attempt to hack 1 million ELF tokens ($100,000 USD at time of press) in a Cross-Chain token transfer.

2020-7-17 16:06
aelf elf hack transfer cross-chain million usd

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$1.4B in ‘High-Risk’ Crypto Flowed Onto Exchanges in H1 2020, Analysis Firm Says

China-based blockchain analysis firm PeckShield tracked 100 million crypto addresses for its research.

2020-7-16 13:45
analysis crypto firm 100 tracked peckshield million

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Grayscale’s Record-Breaking Q2 Sees Influx of New Investors; GBTC Inflows 118% of BTC Mined

Grayscale reported yet another record quarter with the most massive quarterly inflows at $905. 8 million in Q2 2020, a quarter characterized by unprecedented global events, which is almost double the inflows recorded in Q1 2020.

2020-7-15 22:07	Trading & Investing
inflows quarter grayscale 2020 unprecedented characterized record-breaking

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The use of bitcoin mixers in the darknet has grown 21 times

A published Crystal Blockchain report talks about a 2100% increase in the popularity of bitcoin mixers on darknet over the past year. In the first quarter of 2020, $67 million BTC was received from the darknet in bitcoin mixers, which is 64 million more than last year.

2020-7-16 18:12
darknet mixers bitcoin year million received btc

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Bitcoin Scammers Have Stolen $24 Million in First Half of 2020: Whale Alert Report

In the first six months of 2020, scammers made off with about $24 million in bitcoin, as per the Twitter bot Whale Alert's latest report. These scams involved giveaways, sextortion, fake exchanges, fake ICO's, bitcoin recovery, video scams, Ponzi schemes, fake tumblers, malware, and so on.

2020-7-14 21:54	cryptojacking
million bitcoin fake scams alert report whale

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Emerging Markets Drive Paxful First Half 2020 Bitcoin Volume to $1.1 Billion

Peer-to-peer (P2P) crypto exchange Paxful reported Tuesday that its bitcoin trading volumes climbed 35% to $1.1 billion during the first six months of 2020 compared to $817 million a year ago. More than $182 million worth of bitcoin (BTC), on average, was traded on the platform every month between January and June this year, it […] The post Emerging Markets Drive Paxful First Half 2020 Bitcoin Volume to $1.1 Billion appeared first on Bitcoin News.

2020-7-15 17:30	УС
bitcoin 2020 paxful billion million year emerging

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Hackers Exploit Ravencoin (RVN) Bug to Mint $5.7M Worth of Tokens from Thin Air

Rogue actors have reportedly exploited a blockchain vulnerability on the Ravencoin (RVN) network to print 315 million additional RVN tokens worth about $5. 7M. Hackers Mint 315M RVN from Thin Air Ravencoin announced the news in a Medium blog post published on Thursday (July 3, 2020).

2020-7-4 16:49
rvn ravencoin air hackers tokens thin mint

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Australian Mining Giant Trials Blockchain, Completes $14 Million Iron Ore Transaction to China

According to a Reuters report on June 29, 2020, BHP Group completed a trial transaction worth $14 million with China Baoshan Iron & Steel Co Ltd (Baosteel). Iron ore was tracked and delivered through a blockchain platform offered by MineHub Technologies in June 2020.

2020-6-30 19:00	Mining
iron ore transaction 2020 june million china

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CEX.IO Review [2020] – A Safe, Proven Crypto Exchange

CEX. IO manages to balance the provision of an exchange platform with advanced services and an interface that is visually appealing, easy-to-use, and accessible to newer crypto investors. CEX. IO has been in the cryptocurrency business since 2013, starting as a cloud mining provider, and claims to currently have over a million users, ranging from “Bitcoin beginners […] CEX.

2020-6-30 04:14	trading
cex exchange crypto cloud provider starting mining

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Will Bitcoin Futures fail to replicate Q2 2020's activity?

On 26 June, Bitcoin's quarterly Futures contract reached its expiry after Bitcoin Futures' Open Interest touched a 3-month high of $98 million on Deribit. The derivatives gains can be widely classifieThe post Will Bitcoin Futures fail to replicate Q2 2020's activity? appeared first on AMBCrypto.

2020-6-27 12:30	BTC Trading View
bitcoin futures activity 2020 fail replicate gains

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Telegram Fined $18.5 Million As Court Battle With SEC Closes; Must Pay Back $1.22 Billion from ICO

According to a court filing on June 24, 2020, the U.S Southern District Court of New York Judge Kevin Castel, ordered Telegram to pay a civil penalty of $18.5 million to the SEC within the next 30 days for violating the securities laws in issuing its GRAM tokens during its public offering. The court also […]

2020-6-26 23:59
court sec pay telegram million days ordered

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CoinJanitor Buys Deadcoins & Announces 1 Million Sat Giveaway Away to Say Thanks!

Bitcoin Press Release: Coinjanitor have released details of their 1,000,000 SAT giveaway as part of its 2nd birthday. 24th June, 2020, Nicosia, Cyprus: It is hard to think about how many deadcoins there are out there.

2020-6-26 17:15
coinjanitor giveaway deadcoins sat nicosia cyprus 2020

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Analyst Who Predicted Bitcoin Would Hit $3,000s in 2020 Expects a 15% Drop

After holding in the low-$9,000s, Bitcoin finally saw a breakout recently. The cryptocurrency liquidated $15 million worth of BitMEX short contracts as it shot as high as $9,800 during Monday’s trading session.

2020-6-24 03:00	xbtusd
000s bitcoin contracts session short worth trading

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Sparrow Raises USD 3.5 Mil in Series A Funding

23 June 2020, Singapore – Sparrow, the leading options trading platform has secured USD 3. 5 million in Series A funding to accelerate platform development. The round was led by the HDR Group, owner and operator of BitMEX, and supported by Signum Capital, Du Capital and FinLab EOS VC.

2020-6-23 08:44
sparrow capital funding series platform usd owner

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Tether (USDt) Surpasses US$100 million on Compound as World’s Most Liquid Stablecoin Drives DeFi Growth

ROAD TOWN, British Virgin Islands, June 19, 2020 — Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, and Compound, a decentralized lending market, are spearheading growth in the nascent decentralized finance (DeFi) space as USDT volume on the platform has surged above US$100 million. USDT has grown faster than all rival […]

2020-6-19 16:54	Press Release
usdt stablecoin growth tether market defi 100

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CME Records Over 20x Growth in Total Bitcoin Options Open Interest Since May

Institutional grade Bitcoin derivatives platform, CME, is experiencing a superficial growth in options interest from its clients. The total open interest is on a skyrocketing path, witnessing a 2500% increase, from the May 1 at $13 million to over $360 million as of Monday, June 15, 2020.

2020-6-17 23:22
interest options total cme may open bitcoin

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Bitcoin Adoption: Turkish Real Estate Company Records Highest Sale Made With BTC

Antalya Homes, a leading real estate firm in Turkey, announced that the company made a record-breaking sale on one of its properties via Bitcoin payment. Antalya Homes Receives Payment of $1. 25 Million in Bitcoin According to a press release on Monday (June 15, 2020), Antalya Homes witnessed an increase in real estate property purchases withRead MoreRead More.

2020-6-16 23:07	Turkey
bitcoin homes antalya estate real made company

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A $6.6 Million Seed Round Startup Launches “Easy” Crypto Purchasing Services

An official report released by Ziglu on June 15, 2020 confirms the launch of crypto marketplace and exchange, Ziglu after a $6.6 million seed round funding from friends and other angel investors. According to CEO of Ziglu, Mark Hipperson, the exchange is aiming to bring to its customers the best, cheapest and fastest ways to […]

2020-6-15 21:07	Exchanges
ziglu round seed million crypto exchange ceo

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Eidoo Burns 28 Million $EDO in Preparation for Governance Token Upgrade on June 18th

Switzerland, 11th June 2020. Swiss-based crypto platform Eidoo has today burned almost one third (1/3rd) of the total supply of utility token $EDO as they prepare for its June 18th token upgrade, in collaboration with sister company Provable Things.

2020-6-12 17:59
token june upgrade eidoo 18th edo supply

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Grayscale is Buying Up More Than Just Bitcoin

22% of crypto fund manager Grayscale Investments’ purchases have been Ether throughout 2020 so far, totaling $110 million worth of accumulation.

2020-6-6 23:11
grayscale throughout 2020 ether far worth accumulation

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Black Swan Author and Bitcoin Supporter Nassim Nicholas Taleb Closes his Coinbase Account

In 2020, so far, Coinbase has gone offline several times, the most recent one was the first day of June. “It's 2020 and coinbase still goes offline with a 5% Bitcoin move. Meanwhile, they're the ones holding almost 1 million BTC,” said WhalePanda.

2020-6-6 20:38	Coinbase
coinbase offline bitcoin 2020 goes still june

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As Bitcoin Nears $10k, Whales Look to be Loading Up for Another ‘Pump and Dump’

About an hour ago, a bitcoin whale bought $20 million worth of BTC on OKEx. This is one of the largest single buy transactions recorded in 2020. The same buyer has reportedly been acquiring Bitcoin lately in vast numbers.

2020-6-6 23:48	btcusd
bitcoin one vast largest single numbers okex

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Brave Browser Surges Past 15 Million Monthly, 5 Million Daily Active Users

In an announcement dated June 1, 2020, the privacy-centric web browser Brave (BAT) stated it had crossed 15 million monthly active users and 5 million daily active users in May 2020. Brave Continues to Achieve More Milestones Brave, a web browser that aims to give users complete control over their digital identity and privacy continues to witness widespread adoptionRead MoreRead More.

2020-6-2 13:00	Cryptocurrency
brave million users browser active 2020 web

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Canaan's loss might be Bitmain, Whatsminer's gain

Since its IPO, Canaan has faced a host of problems. In fact, its Q4 filings with the SEC revealed that the company had reported a net loss of $5.6 million in Q1 2020, a figure that was 41% lower when The post Canaan's loss might be Bitmain, Whatsminer's gain appeared first on AMBCrypto.

2020-5-30 11:00	BTC Trading View
canaan loss might whatsminer gain bitmain figure

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Gemini Exchange Brings Crypto Trading to Over 4 Million Samsung Users in U.S., Canada

Winklevoss brothers-backed Gemini cryptocurrency exchange has inked a partnership with South Korean multinational conglomerate Samsung Electronics Co. Per the terms of the partnership, as reported by Bloomberg on May 28, 2020, Gemini’s app will integrate with Samsung’s blockchain wallet to allow users to trade and store digital assets on mobile phones.

2020-5-30 21:00	Samsung
samsung gemini exchange partnership users 2020 app

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MakerDAO, The New Coinbase Effect?

After adding tokenized bitcoin (wBTC) on May the 6th 2020, wBTC saw an almost instant initial spike with $2 million worth added by May 8th. Then on May 12th wBTC’s... The post MakerDAO, The New Coinbase Effect? appeared first on Trustnodes.

2020-5-28 21:27	#tokens
may wbtc effect makerdao coinbase new trustnodes

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TradeConnect Selects BitGo for Custody & $100 Million Insurance Policy

London, UK. May 22, 2020 – TradeConnect, the multi-asset trading network that connects cryptocurrency traders with global financial markets including Forex, Stock Indices, Commodities (e. g.

2020-5-27 17:31	Press Release
trading tradeconnect digital financial bitgo etc cryptocurrencies

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Canaan Narrows Q1 Loss to $5.6 Million Amid Weakening Demand for Mining Hardware

Bitcoin mining rig manufacturer Canaan Creative reported a net loss of $5. 6 million for the first quarter of 2020, down from $9. 5 million a year earlier. The Chinese company cut prices of its ASIC-based machines by over 50% in an effort to improve sales, but that wasn’t enough to prevent the heavy loss.

2020-5-24 06:01
million loss mining canaan prices asic-based machines

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No Evidence ISIS Is Storing $300 Million in Bitcoin, Says Chainalysis

Blockchain intelligence firm Chainalysis has dismissed claims ISIS is holding a $300 million bitcoin (BTC) war chest. In a “fact-checking” report, published on May 20, 2020, the U. S.

2020-5-21 20:01
bitcoin chainalysis million isis report chest fact-checking

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JPMorgan Finally Joins the Bitcoin (BTC) Bandwagon

JPMorgan, America’s largest bank with a staggering $2. 6 million in assets, has inked a deal with leading Bitcoin (BTC) trading venues, Coinbase and Gemini exchange. JPMorgan will now offer the two exchanges banking services including deposit, withdrawal and transfers with Automated Clearing House (ACH) infrastructure, according to a Forbes report on May 12, 2020.

2020-5-13 13:07	JPMorgan
jpmorgan btc bitcoin deposit automated withdrawal transfers

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Bitcoin halving in the midst of pandemic to favor Chinese miners

Bitcoin miners generated a total of $387 million in revenue for March 2020. Cumulatively, miners have earnt over $12.5 billion in revenue between 2018 and 2020. Hence mining has become an increasinglyThe post Bitcoin halving in the midst of pandemic to favor Chinese miners appeared first on AMBCrypto.

2020-5-11 16:30	Trading View
miners bitcoin revenue 2020 favor chinese halving

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Bitcoin Mining Markets Heat Up: Ebang’s $41M Deficit, Bitmain’s Alleged 2020 Revenue

The Chinese ASIC mining rig manufacturer Bitmain reportedly pulled in $300 million in revenue during Q1 2020. Meanwhile, as Bitmain claims to be regaining market share, the firm Ebang recently applied with the U.

2020-5-10 03:01
bitmain revenue ebang 2020 mining claims meanwhile

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US Policy Responses to Labor Market Distress

A look at support and regenerative policy initiatives by the Federal Reserve and the Government as more than 20 million jobs were lost in April 2020.

2020-5-10 18:15	Economic Events
policy government million jobs april 2020 lost

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Bitcoin Brought in More Revenue for Cash App than Fiat in Q1 2020

Bitcoin brought in more revenue for Square’s Cash App than fiat, the company has revealed via its first-quarter earnings results released Wednesday. In a shareholder letter detailing the company’s financials in the first quarter of 2020, Cash App’s revenues totaled $528 million.

2020-5-7 17:07	Uncategorized
cash app company bitcoin 2020 fiat brought

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Square Sees Remarkable Boost In Q1 2020 Bitcoin Revenue

During the first quarter of 2020, Square’s Cash App received $528 million in profits. This is seen from the ‘Q1 2020 Letter to Shareholders’. Twitter CEO and founder of Square, Jack Dorsey says revenue includes both Bitcoin and the fiat payments fees.

2020-5-7 16:52	Square
2020 square revenue bitcoin letter ceo shareholders

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Ex-Twitter CEO Jack Dorsey Says Bitcoin Will Reach $1 Million, Here’s When

Jack Dorsey, the former CEO of X (formerly Twitter) has predicted when Bitcoin will reach $1 million. The tech entrepreneur is a familiar figure in the crypto space and is known to be heavily invested in the flagship crypto.

Jack Dorsey Says Bitcoin Price Will Go Beyond $1 Million in 2030

Dorsey, who led the social media platform from 2015 to 2021, developed a strong interest in crypto during that time and is now fully focused on the sector.

Jack Dorsey criticizes Bluesky for straying from decentralized ethos

Dorsey criticizes Bluesky's move from decentralization, stressing the importance of adhering to a protocol that supports free speech. The post Jack Dorsey criticizes Bluesky for straying from decentralized ethos appeared first on Crypto Briefing.

Jack Dorsey parts ways with Bluesky, leaves board of directors

As Jack Dorsey bids farewell to Blueskys board, the social network seeks new leadership aligned with its vision of user-driven experience. The post Jack Dorsey parts ways with Bluesky, leaves board of directors appeared first on Crypto Briefing.

Jack Dorsey’s ‘start small’ initiative pours $21m into OpenSats for Bitcoin development

Former Twitter CEO Jack Dorsey has made a staggering $21 million donation to OpenSats, a platform dedicated to funding Bitcoin (BTC) development.

Jack Dorsey’s Block moves to dollar cost averaging for Bitcoin investments

Block, the payments firm led by CEO Jack Dorsey, has begun a dollar cost averaging (DCA) program to expand its Bitcoin holdings, per a May 2 shareholder letter. Starting in April, the company has been allocating 10% of its monthly…

Jack Dorsey’s Block doubles down on Bitcoin, commits 10% of product profit to monthly BTC purchases

Jack Dorsey's Block will allocate 10% of its Bitcoin product profits to monthly BTC purchases as part of its commitment to the flagship crypto. The post Jack Dorsey’s Block doubles down on Bitcoin, commits 10% of product profit to monthly BTC purchases appeared first on Crypto Briefing.

2020-8-5 17:07

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