Square
Square's Cash App Q2 Bitcoin Revenue Rose 200%, Takes $45M Bitcoin Impairment Loss
Cash App's bitcoin gross profit rose to $55 million, Square said in its second-quarter letter to shareholders.
Are GBTC Unlockings Bullish or Bearish for Bitcoin?
As investors anticipate one of the largest Grayscale Bitcoin Trust (GBTC) unlocking periods due this weekend, CoinDesk's Christie Harkin and Brad Keoun discuss whether the unlock will be bearish or bullish for bitcoin's price. "In all things being equal, it's probably positive for bitcoin," Keoun said. Plus, Square is potentially launching a new bitcoin platform for decentralized financial services.
Square to Create New Bitcoin Platform for Decentralized Financial Services
Payments services firm Square will open a new business focused on creating an “open developer platform” to make it easier to provide non-custodial, decentralized financial services, CEO Jack Dorsey said Thursday in a series of tweets. The division’s “primary focus” would be bitcoin.
Square to Create New Bitcoin Platform for Financial Services
CEO Jack Dorsey tweeted the still to-be-named division's "primary focus" would be bitcoin.
Square Is Building Bitcoin Hardware Wallet
“We’re doing it,” Twitter CEO Jack Dorsey announced Square is building a bitcoin hardware wallet. "The Hash" hosts react to Square's move into hard wallet. Co-host William Foxley raised questions on the high saturation of the hardware market, saying, “I don’t understand why Square wouldn’t emphasize building options in Cash App. If they’re going for convenience, they have Cash App; a lot of features to add there to make it more robust.”
Square Completes $100M Investment in Underserved Communities
Of the remaining $25 million, $5 million was distributed to create The Bitcoin Endowment.
Blockstream CEO on El Salvador Involvement, Solar Ventures With Square
Blockstream CEO Adam Back on his involvement with El Salvador becoming the first country to officially adopt bitcoin. Plus, insights into Blockstream’s project with Square to build a solar-powered bitcoin mining facility.
Square to Invest $5M to Build Solar-Powered Bitcoin Mining Facility With Blockstream
The announcement comes as the environmental impact of mining for the world's largest cryptocurrency has come under intense scrutiny.
Jack Dorsey Says Square Is Considering Developing a Hardware Bitcoin Wallet
Jack Dorsey announced via Twitter that Square is considering developing a hardware crypto wallet and is seeking input from the crypto community. "All About Bitcoin's" Week Ahead panel discusses Square's record of bitcoin innovation, and what else investors should keep a look out for in the coming week.
