Tag: square

Four institutions with significant stakes in the success of Bitcoin launched a trade group to lobby policymakers for favorable regulation.Fidelity, Square, Coinbase and investment firm Paradigm are joining together to form a new council to lobby policy makers to support the burgeoning Bitcoin and...

In brief: Users of Cash App can now send and receive Bitcoin to other users within the app without incurring transaction fees This means that they can send Bitcoin in a manner similar to sending fiat Such a move by Cash App is bound to increase the use and adoption of Bitcoin Retail investors bought more Bitcoin than institutions this quarter through Paypal...

MicroStrategy shares skyrocketed alongside the parabolic Bitcoin rally as investors rushed to gain exposure to the trending cryptocurrency any way they could. Banking on this demand, JP Morgan is planning to introduce a new investment product that is a basket of companies with some type of cryptocurrency market exposure. Here's a deeper look at what this new investment product from JP Morgan could...

Throughout February, corporations announced massive bitcoin buys in a series of increasingly bullish speculative attacks on the dollar.What started out as a slow trickle of institutional investment pouring into the bitcoin market is developing into a steady stream that will, in time, turn into an all out flood. Let the game theory commence! Prior to 2020, institutional and corporate interest in bitcoin...

The recent push to the $1 trillion bitcoin market cap can at least be partially attributed to institutional investors; firms investing on the behalf of others or as part of their asset allocation strategies. Square, One of the Largest Corporate Holders of Bitcoin Alongside...

Bitcoin purchases by Microstrategy and Square may have stopped BTC's downward trajectory. But what's next?

In brief: Microstrategy has announced the purchase of 19,452 BTC for a total of $1.026 Billion The company bought the Bitcoins at an average of $52,765 per BTC Microstrategy now holds 90,531 Bitcoins at an average entry of $23,985 per Bitcoin Square had earlier announced its purchase of 19,452 BTC for $170 Million The CEO of Microstrategy, Michael Saylor, has announced that the...

In the midst of a turbulent cryptocurrency market, only big players are able to hold through red days, without whining and making a big fuss about a single-day price adjustment. You might be asking, why the hell would Square buy Bitcoins in the midst of...

Jack Dorsey donated 1 BTC to Bitcoin research and development center Brink as Square, the financial company he founded and directs, invest $170 million in Bitcoin. The social media company he directs made the news recently when its CFO, Ned Segal, stated that Twitter had been considering allowing its employees to ask to be paid [...] The post Jack Dorsey Doubles Down on...

After tanking sub $46,000 levels on Tuesday, February 23, Bitcoin (BTC) has registered a strong 10% pullback and is once again above $50,000. It turns out big market players have been once again buying the Bitcoin (BTC) dips...

The response asks general questions of Craig Wright's claims.

MicroStrategy’s approach has got the Association of Corporate Treasurers and IKEA thinking.

The uploads come in response to legal threats by Craig Wright.

"The burdensome information collection and reporting requirements deprive U.S. companies like Square of the chance to compete on a level playing field," Dorsey said.

Previously, Cash App had only allowed clients to get U.S. currency back on transactions.

Quick take: Bitcoin has dropped hard from $19,300 levels to $17,800 High chances it is retail traders selling The Bitcoin being sold will most likely be scooped up by institutions MicroStrategy, Grayscale, Paypal, Square, are likely to keep buying the Bitcoin dips The highly anticipated Bitcoin correction has finally begun with the King of Crypto dropping from $19,300 levels to $17,800 in a...

Square will dedicate $10 million to the development of clean bitcoin mining technologies.

U.K.-based bitcoin app Ziglu raised over $8 million in a crowdfunding campaign, the largest equity raise on the Seedrs platform this year.

With bitcoin’s price hitting a new all-time high on Monday, retail investors will inevitably want to get in on the original crypto asset.

Cash App will make the DIY tax-prep software available for free to its 30 million monthly users.