Square

Bitcoin Sets New All Time High Spiking Over $35,000

<div class=”featured_image_container”> </div> <strong>Bitcoin’s record-breaking start to the new year continued on January 5 after the top crypto set another new all-time high (ATH) of $35,879. Based on this new milestone, the top cryptocurrency has now surged by more than 20% in just the first of five days of the new year.</strong> Record-Breaking Start to …

Bitcoin Sets New All Time High Spiking Over $35,000 Read More »

Square’s Jack Dorsey Hits Out at FinCEN’s ‘Burdensome’ Proposed Crypto Wallet Rules

Jack Dorsey, CEO of payments company Square, has joined the ranks of those criticizing the Financial Crimes Enforcement Network’s (FinCEN) proposed regulations around collecting data on crypto wallet users. In a Jan. 4 letter addressed to FinCEN, Dorsey said, if the rules are approved, cryptocurrency customers maybe pushed to use unregulated services outside of the …

Square’s Jack Dorsey Hits Out at FinCEN’s ‘Burdensome’ Proposed Crypto Wallet Rules Read More »

Jack Dorsey warns that FinCEN regulations will drive crypto users offshore

Major U.S crypto firms are rallying against FinCEN’s proposed regulations that would force businesses operating with crypto to gather information on the identities of non-customer counterparties. A Jan. 4 letter from Jack Dorsey, CEO of financial services firm Square takes aim at the proposal for seeking to impose reporting obligations that go “far beyond what …

Jack Dorsey warns that FinCEN regulations will drive crypto users offshore Read More »

Microstrategy’s BTC Holdings More Than Double in Value to $2.4 Billion Four Months Later

<div class=”featured_image_container”> </div> <strong>The continuing bitcoin price rally has seen the value of Microstrategy’s total holdings of the digital asset go up by 100%. Specifically, the company has seen the value of its initial haul of 38,250 coins grow to over $1.3 billion from the $425 million spent. </strong> Market Capitalization By Almost 200% The …

Microstrategy’s BTC Holdings More Than Double in Value to $2.4 Billion Four Months Later Read More »

The Bitcoin Treasuries List Exceeds $30 Billion – 29 Companies Hold BTC Reserves

<div class=”featured_image_container”> </div> <strong>More than 1.1 million bitcoin or over $30 billion worth of the crypto asset is held by a myriad of companies, according to the web portal bitcointreasuries.org. The massive stash of bitcoin reserves held by well known companies started swelling after the billion-dollar firm Microstrategy purchased $250 million worth of bitcoin in …

The Bitcoin Treasuries List Exceeds $30 Billion – 29 Companies Hold BTC Reserves Read More »

Twitter loses its mind over rapper’s ‘$1M Bitcoin giveaway’ … worth $11 each

Cash App, the Bitcoin-friendly payments application from U.S. financial services company Square, has teamed up with Grammy-nominated rapper Megan Thee Stallion on a $1 million Bitcoin giveaway. Megan announced the promotional campaign via Twitter on Dec. 17. The post has received more than 60,000 likes and 8,800 retweets at the time of writing. The rapper …

Twitter loses its mind over rapper’s ‘$1M Bitcoin giveaway’ … worth $11 each Read More »

Coinbase Says It Brokered Microstrategy’s Influential $425 Million Bitcoin Buy

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/424769″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/12/728-by-90-2x-1-1.png” alt width=”728″ height=”90″></a></div><strong>U.S. crypto exchange Coinbase said Tuesday that it brokered Microstrategy’s $425 million bitcoin purchase earlier this year. Until now, it has not been clear who facilitated the deal.</strong> Microstrategy’s first bitcoin (BTC) haul of $250 million bought in …

Coinbase Says It Brokered Microstrategy’s Influential $425 Million Bitcoin Buy Read More »

Renowned Finance Youtuber Andrei Jikh Invests Over $100K Into Cryptocurrencies

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/387425″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/11/bitcoin-wallet-banner-13.png” alt width=”728″ height=”90″></a></div><strong>The popular Youtuber Andrei Jikh published a video this week to his 978,000 Youtube subscribers explaining that he invested over $100,000 into crypto assets. Jikh details why he spent the funds on digital assets and he plans to …

Renowned Finance Youtuber Andrei Jikh Invests Over $100K Into Cryptocurrencies Read More »

DoJ makes fintech giant sell Credit Karma’s tax wing to Square before $7.1B acquisition

Per an announcement and series of filings on Wednesday, the U.S. Department of Justice is calling shenanigans on Intuit’s ambitions, at least in part. Intuit owns a stable of user-facing finance software, including budgeting app Mint, digital DIY tax software TurboTax, and QuickBooks, for business accounting. The firm initially announced its acquisition of Credit Karma back …

DoJ makes fintech giant sell Credit Karma’s tax wing to Square before $7.1B acquisition Read More »

Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/424769″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”https://scoreit.online/wp-content/uploads/2020/11/728-by-90-2x-1-2.png” alt width=”728″ height=”90″></a></div><strong>Paypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago.</strong> Now that’s according to estimates by hedge fund manager Pantera Capital, as revealed in its latest …

Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets Read More »