Cash App, the U.S. financial services firm Square’s Bitcoin-friendly mobile payments app, limited purchases for more than four hours today of some of the stocks connected to the Wall Street shorts. According to a Cash App announcement, its clearing broker, Axos, stopped the app’s ability to complete stock purchases for GameStop, AMC Entertainment, Nokia and […]
On 6 May, Square released its first quarter of 2020 filings. The filings reported revenue for Square’s Cash App, much of which came from Bitcoin. The numbers for Q1 and Bitcoin’s role $306 million of Cash App’s $528 million revenue came from Bitcoin for the first quarter of the year. Given those figures, Bitcoin composed […]
Square’s Cash App helps U.S. citizens and people who typically don’t file a tax return to direct potential government stimulus payments to the mobile payment app. The step comes after the firm struggled to convince the U.S. Treasury to allow it to allocate the stimulus funds to U.S. population segments. Cash App users can apply […]
Square, a mobile payment, financial and merchant services company, is expanding the features of its CASH app by enabling Bitcoin deposits. It began in November of 2017 enabling a few of the users of its CASH app to sell and purchase bitcoins. It stated at that time to expand the feature to all of its users…
The popular Bitcoin Cash launches Badger Wallet app on iOS devices. It will be the open beta version of the app. After its success in desktop storage and trading, it is now opening in for mobile devices. Apple users can download the wallet in order to store, send and receive BCH. This is alongside the […]
The Bitcoin price is trading above the USD 23,000 support zone in a positive zone. BTC is currently trading above USD 23,800 (05:00 UTC) and it appears as if it could surge past USD 24,200. The USD 23,000 support might play a crucial role if there is a downside correction. Similarly, the majority of major […]
Germany’s largest bank, Deutsche Bank, unveils that cryptocurrencies won’t replace fiat anytime soon. The bank says cash is unlikely to disappear anytime soon despite declining use as a payment method and the surge of digital currencies. The German multinational investment bank, Deutsche Bank, predicts previously that cryptocurrencies will replace fiat by 2030. But now claims […]
The crypto-investment app, Abra International has announced its partnership with ECPay, a Philippines-based electronic payment systems provider. With this Abra will now start selling crypto for cash in all 7-Eleven stores across the Philippines…
Bitwala, a blockchain banking service based in Germany, has launched a mobile application. The application will open a German bank account with an integrated bitcoin wallet and trading on their mobile phones…
The crypto world has huge news from the United Kingdom this week. Prime Factor Capital, a crypto asset firm has become the first crypto hedge fund to get approval from the regulators. The firm will operate as an Alternative Investment Fund Manager (AIFM)…