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Cash App
Some Square Users Can Now Convert Their Dollars to Bitcoin Via Cash App
Bitcoin Conversions will charge a flat 1% fee to automatically convert a portion of merchant revenues into BTC.
Square Outage Update; Crypto Firm LBRY to Challenge Ruling It Violated U.S. Securities Law
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto-related headlines today, including an update on Cash App and Square, after some users reported issues accessing their accounts or being able to send money. A former FTX executive could forfeit over $1.5 billion after pleading guilty to federal criminal charges. And, crypto startup LBRY will challenge a ruling it violated U.S. securities law.
Jack Dorsey-Backed Bitcoin Wallet Teams Up with Coinbase and Cash App
Jack Dorsey’s FinTech company Block (SQ) will integrate its self-custody bitcoin wallet, Bitkey, with its financial services platform Cash App and the cryptocurrency exchange Coinbase. Public beta testing will also start soon. Lindsey Grossman, the business lead at Bitkey, Block's bitcoin wallet, discusses the partnerships, along with the future of self-custody.
Jack Dorsey-Backed Bitcoin Wallet Bitkey to Integrate With Coinbase and Cash App
Public beta testing will begin in a few weeks according to parent company Block.
Block’s Q1 Bitcoin Revenue Rises 18% From Q4, Gains 25% From a Year Ago
The company booked $50 million in bitcoin gross profit in the first quarter..
Block’s Q4 Bitcoin Revenue Fell 7% Year Over Year to $1.83B
For the full year, Block’s bitcoin revenue declined 29% from 2021 due to the fall in the price of bitcoin, the company said.
Jack Dorsey's Block Sees Drop in Bitcoin Revenue as Consumer Demand, Crypto Prices Slump
Block cited declines in consumer demand and the price of bitcoin for its bitcoin-based revenue decline.
Bitcoin: When Lightning Strikes
Lightning Labs Director of Business Development Ryan Gentry, Blockstream's Lightning Protocol Engineer Lisa Neigut and Miles Suter, Crypto Product Lead at Cash APP join Consensus 2022 to introduce the Lightning project. Moderator: George Kaloudis, Research Analyst, CoinDesk
Block Sees Bitcoin Disrupting Payments Networks, Expects Self-Custody to Grow
CFO Amrita Ahuja said the crypto could become a "global currency for the internet."
Block’s Stock Would Shine if It Not for Its Link to Bitcoin, Mizuho Says
The company's fundamentals are improving, the investment bank said.
