In this year alone, the crypto adventure of the co-founder and CEO of Square and Twitter, Jack Dorsey, has been exhilarating. This time around, his payment-focused tech company, Square has released the white paper of its proposed decentralized Bitcoin exchange, codenamed as tbDEX.The whitepaper described the design philosophy of the proposed tbDEX, as one without a trustless … [Read more...] about Inside Square’s whitepaper for its Bitcoin decentralized exchange
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Square’s Cash App Generated $1.8B in Bitcoin Revenue in Q3
Payments firm Square said in its third-quarter earnings letter Thursday that its peer-to-peer payment service, Cash App, generated $1.82 billion of bitcoin revenue in the quarter and $42 million of gross profit, up 115% and 29% year over year, respectively.Bitcoin revenue and gross profit decreased in the third quarter versus the second quarter, however, Square said, citing the … [Read more...] about Square’s Cash App Generated $1.8B in Bitcoin Revenue in Q3
Square’s Cash App raises minimum Bitcoin withdrawal to 0.001 BTC
Square's Cash App, a Bitcoin-friendly mobile payments platform, has raised its minimum withdrawal requirements for BTC holders.The minimum withdrawal amount for Bitcoin accounts is now 0.001 BTC, or 100,000 satoshis, compared with 0.0001 BTC, or 10,000 satoshis, previously. With Bitcoin hovering around $51,800, 0.001 BTC is equivalent to $51.80. The leading cryptocurrency was … [Read more...] about Square’s Cash App raises minimum Bitcoin withdrawal to 0.001 BTC
Square’s $297M stake in Tidal could unlock DLT features, analyst says
Square’s majority stake in Jay-Z’s streaming service Tidal could potentially result in some blockchain-related functionalities on the platform, according to one analyst.Avivah Litan, a technology analyst at consulting company Gartner, suggested that Square’s $297 million investment could push Tidal to start taking advantage of new technologies like blockchain and … [Read more...] about Square’s $297M stake in Tidal could unlock DLT features, analyst says