Square (NYSE:SQ), a popular payments platform, has purchased 4709 Bitcoin or about $50 million worth in a sign of solid support for the world’s most popular cryptocurrency. In a release, Square said that Bitcoin was an “instrument of economic empowerment and provides a way for… Read More
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Payments company Square (NYSE:SQ) revealed on May 6, 2020 that it generated $306 million in Bitcoin (BTC) revenue during Q1 2020. Square noted in its latest earnings release to investors: “Bitcoin revenue generated gross profit of $7 million in the first quarter of 2020.” The… Read More
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The US Internal Revenue Service (IRS) confirmed on April 10, 2020 that it would be providing a tool for eligible American citizens and residents who don’t normally submit tax return documents, so that they can get access to government Coronavirus (COVID-19)-related stimulus funds. Soon after… Read More
Read more in: Blockchain & Digital Assets, Fintech | Tagged amrita ahuja, cash app, coronavirus, covid-19, internal revenue service, irs, jack dorsey, square, stimulus payments, united states, us
San Francisco-based digital asset exchange Coinbase claims that retail customers purchased Bitcoin (BTC), the flagship cryptocurrency, the most during the March 2020 market crash. As noted in a report from Coinbase (released on March 31, 2020), customers usually purchase about 60% more than they sell…. Read More
Read more in: Blockchain & Digital Assets, Investment Platforms and Marketplaces | Tagged amrita ahuja, bitcoin, btc, coinbase, crypto-assets, digital assets, eth, ether, ethereum, jack dorsey, san francisco, square
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