Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down
Block Inc. posted $1.47B worth of profit in Q2 but BTC trading services profit only accounted for $41 million of that figure, with the firm citing price volatility and a…
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Jack Dorsey and Jay-Z collaborate on Bitcoin Brooklyn educational program
The Shawn Carter Foundation and Cash App will provide informative seminars and classes on Bitcoin to specific New York City residents this summer.
Cathie Wood’s Ark Invest dumps PayPal favoring Bitcoin-friendly Cash App
Wood believes that Venmo is merely a follower of Cash App, which has generated more than double Venmo’s revenue from almost half the number of users.
Cash App Introduces Paid in Bitcoin, BTC Roundup and Lightning Network Services
At the Bitcoin 2022 conference in Miami, Block, Inc., formerly Square, Inc., announced three new bitcoin services for the company’s mobile payment platform. The mobile payment platform Cash App will…
Mobile banking app Dave scores $100M investment from FTX US
Dave is the latest in a series of fintech payments apps to offer crypto services, following PayPal, Venmo, and Cash App.
Fast-Food Chain Shake Shack Trials Bitcoin Rewards for Customers Using Cash App
The American fast-food restaurant chain Shake Shack is giving bitcoin rewards to customers leveraging Cash App’s debit card payment rail, Cash Card. According to Shake Shack, participants will get 15%…
Cash App’s Bitcoin Revenue Grew 119% in 2021, Gross Profit From BTC Rose 124%
Popular mobile payment platform Cash App, developed by Jack Dorsey’s Block Inc., generated $10 billion in bitcoin revenue and $218 million in bitcoin gross profit in 2021. Compared to the…
Block nets $1.18B Q4 gross profit marking a 47% YoY increase
In total, Block generated $4.42 billion worth of gross profit in 2021 marking a total YoY growth of 62%, however, net profit totaled just $77 million.
Heavyweight champ to take 50% of his UFC 270 purse in Bitcoin
“After doing a lot of research on Bitcoin, I really believe it is the future of money, man. Bitcoin is valuable, secure, and no one can mess with it,” said…