Giant payment solution company Square Inc. recently reiterated its loyalty to Bitcoin in its newly-released Q3 earnings report last Friday. The payments company revealed that Cash App, its payment platform, generated $1.8 billion in BTC revenue in Q3, 2021. That said, the company’s valuation has rallied to a robust $110 billion. During the earnings call, […]
New York City Mayor-elect Eric Adams recently explained his decision to receive his first three paychecks in Bitcoin (BTC) and make NYC the “center for innovation and cryptocurrency” in an interview with CNN Business Sunday. The host asked Adams if he “Would you encourage businesses in New York City to accept bitcoin or other cryptocurrencies?” […]
Giant payment solution company Square Inc. recently published its earnings report, highlighting some positive Bitcoin (BTC) figures. In its Q3 2021 Shareholder Letter, Square reported total net revenue of $3.84 billion in the third quarter, a 27% from the same time last year (YoY). Meanwhile, the company generates its Bitcoin revenue from its mobile payment […]
More and more US mayors have indicated an interest in receiving their salaries in Bitcoin (BTC). At press time, at least three mayors and one mayor-elect have agreed to collect their next paychecks in BTC. The first mayor to toe this line was the mayor of Miami, Florida, Francis Suarez, who tweeted last Tuesday that: […]
Bitcoin (BTC) traded within a sideways range between $62,000 and $63,000 over the past week, amid echoes of crypto regulatory talks, following the recent BTC exchange-traded fund (ETF) launch in the US. Meanwhile, data from analytics provider Glassnode suggests that BTC HODLers have refused to liquidate their holdings despite the recent price rally. The platform […]
Reports show that a specific anonymous Bitcoin (BTC) whale has moved a significant number of coins mined in 2010 worth over a billion dollars. The report noted that every time this whale spends its coins, most of which have not moved in the past decade, the entity spends exactly 20 blocks of rewards or 1,000 […]
According to a new report from Finder Cryptocurrency Adoption Index, in October, Nigeria topped the rankings of highest cryptocurrency ownership globally, at 24.2%. In addition to having the highest proportion of crypto ownership by citizens globally, the report also revealed that “of the 1 in 4 online adults in Nigeria who own some form of […]
Following another failure to reclaim the $63,000 mark last Friday, Bitcoin (BTC) has fallen into a downward spiral towards the $60,000 psychological level. That said, most altcoins have also suffered a similar fate over the last 48 hours, with several recording double-digit declines. The benchmark cryptocurrency had a roller-coaster-like activity this week after it sharply […]
El Salvador President Nayib Bukele has taken advantage of the recent Bitcoin (BTC) dip again, as he purchases more coins amid an intense selloff. President Bukele announced via Twitter that he bought 420 more BTC, a meme number associated with the marijuana community, another humorous gesture. While the Bukele did not publish TXID, the President […]
