Square Sees Profits from Bitcoin Sales Double in Q2
Mobile payments firm Square says it made $37 million in total from bitcoin purchases in Q2, with profits being twice that of the previous quarter.
Related Posts


London-Based Crypto Custodian Copper Raises $8M for Expansion Overseas
Feb 17, 2020 at 12:14 UTCUpdated Feb 17, 2020 at 12:20 UTCCity of London image via ShutterstockCrypto custody provider Copper has raised $8 million in a Series A round – an investment it plans to use launching in new markets. Participants in the Series A included two U.K.-based venture capitals, LocalGlobe and MMC Ventures, as…

Code as a Weapon: Amir Taaki Wants You to Join the Real Crypto Revolution
There are many words that could be used to describe Amir Taaki – but today, ambitious is best. The infamous bitcoin developer – known for co-creating Dark Wallet, Darkleaks and DarkMarket – took the stage during a hackathon he hosted in the wake of the Privacy Enhancing Technologies Symposium (PETS) in Barcelona last week, the same city where…

Lithuania Is Trialing a CBDC No One Can Use – And That’s by Design
Jun 8, 2020 at 16:15 UTCUpdated Jun 8, 2020 at 16:27 UTCThe Bank of Lithuania's LBCoin digital collectible may be a gimmick, but its ambitions for blockchain tech are very, very real. (Credit: Bank of Lithuania)Lithuania Is Trialing a CBDC No One Can Use – And That’s by DesignLithuania’s central bank is one month away…

Santander Hires Former Apple Pay Exec to Lead P2P Payments
Feb 13, 2020 at 11:55 UTCUpdated Feb 13, 2020 at 11:59 UTCAn executive formerly working on Apple's payments products has joined Banco Santander.Trish Burgess joins the Spain-based multinational as the new global head of Peer-to-Peer Payments and will direct its expansion of digital payments services globally, according to an announcement Thursday.Burgess worked at Apple for…

US, Canadian Securities Regulators Are Involved in Over 200 Crypto Probes
NEWS Aug 28, 2018 at 16:05 UTC | Updated Aug 28, 2018 at 16:06 UTC The North American Securities Administrators Association (NASAA) announced that there are "more than 200 active investigations" by state or provincial-level agencies into initial coin offerings (ICOs) and other crypto-related investment products. NASAA, composed of securities regulators from the U.S., Canada, Puerto…

Bitcoin Miner Producer Ebang Blames Coronavirus for 50% Slump in Revenue
Sep 28, 2020 at 13:32 UTCUpdated Sep 28, 2020 at 13:33 UTC(FOTO:FORTEPAN / Korenchy László / Wikimedia Commons)Ebang has said the knock-on effects of the coronavirus outbreak caused revenue to fall by half in the first six months of 2020.Total net revenue for the Nasdaq-listed mining equipment manufacturer slumped to $11 million in H1 2020,…

Samourai, Nodl to Launch Bitcoin Lightning Node With Mixing Features
news The mobile bitcoin wallet project Samourai Wallet is partnering with the French hardware retailer Nodl to create a bitcoin node device that syncs with Samourai’s privacy-centric mobile wallet. Revealed exclusively to CoinDesk, Nodl co-founder Michel Luczak said this new product will be a “full, self-validating, bitcoin and lightning node” that allows people to use…

The Case for Regulating, Not Banning, Crypto
One bitcoin costs roughly $17,700, not $0, to mine, and there isn't an unlimited supply, but instead a hard cap of 21 million tokens. Unlike with shares, no single company can increase the total number of bitcoin. Ethereum has a negative supply schedule, and so its native token, ether, decreases in supply. USDC is backed…