In the third quarter of 2020, U.S. payments firm Square sold substantially more bitcoin than was mined.
According to Square’s Q3 2020 shareholder letter filed with the U.S. Securities and Exchange Commission (SEC), the firm recorded $1.63 billion of Bitcoin revenue over the last three months.
PayPal made waves in October when the global financial technology giant made public that it would begin supporting Bitcoin alongside a number of other cryptocurrencies. Now it appears that the firm's involvement in the space may be more nuanced than first announced, statements from executives indicate.
When PayPal
In a report titled "Konzept #19 - What We Must Do to Rebuild" that was published this week, Deutsche Bank listed economic evaluations and proposals to aid global economies hit by the COVID-19 pandemic. Containing sections related to environmentalism, small business protection, and the radical "work from
In a report titled "Konzept #19 - What We Must Do to Rebuild" that was published this week, Deutsche Bank listed economic evaluations and proposals to aid global economies hit by the COVID-19 pandemic. Containing sections related to environmentalism, small business protection, and the radical "work from
In the third quarter of 2020, U.S. payments firm Square sold substantially more bitcoin than was mined.
According to Square’s Q3 2020 shareholder letter filed with the U.S. Securities and Exchange Commission (SEC), the firm recorded $1.63 billion of Bitcoin revenue over the last three months.
PayPal made waves in October when the global financial technology giant made public that it would begin supporting Bitcoin alongside a number of other cryptocurrencies. Now it appears that the firm's involvement in the space may be more nuanced than first announced, statements from executives indicate.
When PayPal
As fat-finger errors go, it wasn’t that big a deal. But as an illustration of banks’ clandestine approach to Bitcoin, it was worth a million words.
In a week dominated by Bitcoin’s price surge, I was far more interested in an apparent mistake by DBS Bank. On Thursday,
Lightning Network development startup Lightning Labs is rolling out a new product: dubbed Lightning Pool, the new tool seeks to bring together node operators to trade access inbound and outbound Lightning channel capacity with each other. With the launch, Lightning Labs tackles one of the Lightning Network's major
Avanti has received a bank charter from the Wyoming State Banking Board with a unanimous 8-0 vote. The approval allows the Bitcoin- and crypto-focused bank the same authority as national banks in the U.S.
The First Digital Asset-Focused Bank in the U.S.
Caitlin Long, CEO of Avanti who
MicroStrategy can't get enough of Bitcoin. After accumulating 38,250 bitcoin between August and September, the firm wants more.
“You should expect that we will purchase additional bitcoin as we generate cash beyond what we need to run the business on a day to day basis,” MicroStrategy President
In August and September, MicroStrategy made headlines when it deployed $425 million into Bitcoin over the span of tens of thousands of buying orders. In total, the business services company acquired more than 38,250 bitcoin, for an overall cost basis of $11,111 per coin.
This investment represented a
