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Block Reports Bitcoin Sales During Q1 2022
Block Reports Bitcoin Sales During Q1 2022
News  •  Bitcoin  •  May 10, 2022 by Philipe F

Block, previously known as Square, said Thursday that Cash App generated $1.73 billion worth of Bitcoin sales during Q1 of 2022. The company also reported generating $43 million in Bitcoin gross profit, according to the Q1 shareholder letter. "Cash App generated $1.73 billion of bitcoin revenue and

El Salvador Buys the Bitcoin Dip During a Volatile Market
El Salvador Buys the Bitcoin Dip During a Volatile Market
News  •  Bitcoin  •  May 09, 2022 by Deniz Saat

President Nayib Bukele announced in a tweet that El Salvador has purchased an additional 500 BTC with an average price of around $30,744. The country now holds a total of 1,620 BTC that is currently valued at over $50 million. Looking back on September 6th, 2021 Bukele tweeted

NYDIG Partnership Allows Another Financial Institution Bitcoin Services
NYDIG Partnership Allows Another Financial Institution Bitcoin Services

Consumers and businesses are looking to their financial institutions for providing Bitcoin services and Jack Henry, a large payment processor for the financial industry, is up to the task. From their press release it was announced that consumers and business accounts alike will be given access to NYDIG’s buy-hold-sell

News  •  Bitcoin  •  May 10, 2022
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NYDIG Partnership Allows Another Financial Institution Bitcoin Services
NYDIG Partnership Allows Another Financial Institution Bitcoin Services

Consumers and businesses are looking to their financial institutions for providing Bitcoin services and Jack Henry, a large payment processor for the financial industry, is up to the task. From their press release it was announced that consumers and business accounts alike will be given access to NYDIG’s buy-hold-sell

News  •  Bitcoin  •  May 10, 2022
Block Reports Bitcoin Sales During Q1 2022
Block Reports Bitcoin Sales During Q1 2022

Block, previously known as Square, said Thursday that Cash App generated $1.73 billion worth of Bitcoin sales during Q1 of 2022. The company also reported generating $43 million in Bitcoin gross profit, according to the Q1 shareholder letter. "Cash App generated $1.73 billion of bitcoin revenue and

News  •  Bitcoin  •  May 10, 2022
El Salvador Buys the Bitcoin Dip During a Volatile Market
El Salvador Buys the Bitcoin Dip During a Volatile Market

President Nayib Bukele announced in a tweet that El Salvador has purchased an additional 500 BTC with an average price of around $30,744. The country now holds a total of 1,620 BTC that is currently valued at over $50 million. Looking back on September 6th, 2021 Bukele tweeted

News  •  Bitcoin  •  May 09, 2022
SEC Approves Valkyrie's Bitcoin Futures ETF
SEC Approves Valkyrie's Bitcoin Futures ETF

The second-ever Bitcoin futures ETF was approved by the United States Securities and Exchange Commission (SEC) on May 6th, 2022. The SEC has officially approved Valkyrie's Bitcoin futures ETF following up on Teucrium’s Bitcoin futures ETF approval last month. The SEC has approved futures ETFs in the

News  •  Bitcoin  •  May 07, 2022
Argentina’s Central Bank Wants To Prevent Lenders From Offering Bitcoin and Crypto Services
Argentina’s Central Bank Wants To Prevent Lenders From Offering Bitcoin and Crypto Services

Argentinean senators cut a $45 billion bailout deal with the International Monetary Fund (IMF) on Thursday to help the country avoid defaulting on its debts, with an unusual clause attached. The deal was approved in a 56 to 13 vote that includes a brutal provision that forces the government of

News  •  Bitcoin  •  May 06, 2022
Bitfarms Releases April Mining Report
Bitfarms Releases April Mining Report

Bitfarms Highlights for April 2022: * Paraguay’s production is at 6MW * Working on building several additional farms * Achieved milestone of surpassing 3.0 EH/s hash rate * Bitfarms accounts for a 1.3% share of global hash rate market Bitfarms recently released its April mining report with a review of

News  •  Bitcoin  •  May 06, 2022
Luna Foundation Guard Continues Bitcoin Buying Spree
Luna Foundation Guard Continues Bitcoin Buying Spree

The Luna Foundation Guard has acquired an additional 37,683 Bitcoin totaling $1.5 Billion to bolster the reserves of its most popular stable coin U.S. Terra. Do Kwon, co-founder and CEO of Terraform Labs, said that the foundation is expected to complete its goal of purchasing $10 Billion

News  •  Bitcoin  •  May 06, 2022
Craig Wright Is Suing Exchanges for Selling "Fake" Bitcoin
Craig Wright Is Suing Exchanges for Selling "Fake" Bitcoin

Craig Wright filed a lawsuit against Coinbase and Kraken on May 3rd, 2022. The lawsuit claims that the two cryptocurrency exchanges are selling fake Bitcoin and the asset that they claim to be the real Bitcoin does not align with what is stated in the whitepaper. The claim is currently

News  •  Bitcoin  •  May 05, 2022
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