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“# Coincidence? Company stocks rise after they buy Bitcoin as a reserve ” It seems to be the season of giving, and Bitcoin is doing just that, at least for its institutional backers, such as MicroStrategy, Galaxy Digital, Square and Marathon Patent Group, which got in somewhat early on the BTC gravy train. In this…
“#Jack Dorsey rails against proposed cryptocurrency rules” Tech tycoon Jack Dorsey is fighting a federal proposal that would force one of his companies to more carefully track cryptocurrency transactions. The Twitter co-founder slammed the US Financial Crimes Enforcement Network’s proposed rules in a lengthy open letter on behalf of Square, the digital payments giant that…
“#Square interested in buying Tidal from Jay-Z: report” So this is what that Hamptons yacht ride was all about. Tech billionaire Jack Dorsey has reportedly held talks with Jay-Z about his payments firm Square acquiring Tidal, the Brooklyn-born rapper’s music streaming service. Dorsey — also the co-founder and CEO of Twitter — is interested in…
“# 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…
“# Bitcoin’s 2020 explosion is not the 2017 bubble again ” Bitcoin’s (BTC) recent volatile price corrections might conjure up images of the 2017 crash in your mind, or maybe even the crash caused by COVID-19 back in March of this year. But the fact that Bitcoin has reached $20,000 for the first time in…
“# Jack Dorsey’s Square commits $10M to green energy for Bitcoin mining ” On Tuesday, payments giant Square announced a major push to go carbon neutral by 2030. As part of the initiative, Square will be dedicating $10 million to its Bitcoin Clean Energy Investment Initiative, which aims “to support companies that help drive adoption and…
“# Coinbase becomes a founding member of Square’s crypto patent group ” The Cryptocurrency Open Patent Alliance, or COPA, headed up by finance company Square, recently picked up Coinbase as a cornerstone participant. Square unveiled the group in September as a method of warding off patent overreach — an issue that has been known to…
“# Experts say institutions drove Bitcoin’s rise to $19K and that alt-season is coming ” Analysts are pointing to demand from financial institutions and publicly listed companies as the primary forces behind BTC’s sudden re-test of its all-time highs. “The primary reason for the steady grind up in Bitcon has been the increased interest and…
“# 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…
“# Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims ” PayPal’s entry into the cryptocurrency market could be having a dramatic impact on the Bitcoin (BTC) price. In a newly published report, crypto investment firm Pantera Capital says a Bitcoin shortage is at the heart of the recent price surge and…