Dorsey’s Square Crypto Seems Less About Crypto and All About Bitcoin

The recently-created Square Crypto – the digital currency division of financial services firm Square – has just announced that it is poised to make its first hire. However, despite the seeming inclusiveness of the name Square Crypto, the project seems very much focused on the original decentralised digital asset, Bitcoin. There is a growing body […]

Square Crypto Starts ‘Inevitable’ Bitcoin Mass Adoption

By CCN: Square, the $32.7 billion mobile payment company founded by Twitter’s Jack Dorsey, is one step closer to launching its long-awaited crypto project. The company claimed last night that bitcoin mass adoption is “inevitable” and it is close to making its first hire. Took some time but getting there — jack (@jack) May […]

Why The Next Bitcoin Bull Run Could Eclipse The Last Crypto Bubble

As the leading crypto by market cap dusts itself off and picks itself up following an 85% fall over the last two years, bullish sentiment and exuberance are once again surrounding Bitcoin and the rest of the crypto market. With a bottom essentially confirmed, the price of Bitcoin has risen sharply due to FOMO. The […]

Twitter’s Stock Could Feel More Love if Jack Dorsey Would OK Crypto Ads

By CCN: Twitter needs to update its restricted content policies for financial products and services as it relates to crypto. The company is behind the times now that Facebook has decided to loosen up about the market. Jack Dorsey is one of bitcoin’s biggest fans in Silicon Valley. Yet for some reason, his social media […]

Square’s Stock Tanks after Lackluster Q1 Results

Despite a 43 percent year-on-year growth in net revenues, Square has declared a loss per share of 9 cents in a letter to shareholders. Wall Street was expecting the loss making company to finally declare an earnings call in the green, evidently, the market punished Square for hitting below expectations. Earnings Call and Shareholder Letter […]

Square Cash App “Absorbing” 10% of Bitcoin Supply Daily, 200% Projected By 2020

One of the most interesting and advantageous design aspects that pseudonymous creator Satoshi Nakamoto built into Bitcoin, was the “halving” – a pre-programmed point in time in which miners receive a reduced block reward of BTC for confirming transactions on the network. Each halving event has been preceded by a major price surge in anticipation […]

Square’s Skyrocketing Bitcoin Sales Prove Jack Dorsey Should Go All In

By CCN: Square might have had a mixed first quarter performance, but the Cash App, which is where investors buy and sell bitcoin, was a bright spot. Bitcoin revenue nearly doubled to $65.5 million from $34 million in the year-ago period. Cash App volume, where the company boasts “15 million monthly active users,” expanded more […]

Twitter Billionaire CEO’s Eye-Popping $1.40 Salary Puts Him in Trump Country

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Why Mark Zuckerberg and Jack Dorsey Are Warming to Blockchain

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. “Left to their own devices, computer scientists would recreate the Soviet Union.” That line belongs […]