Square

Platform Industry: Bitcoin and digital currencies

News short: Square to create new bitcoin-focused business unit

FinTech company Square Inc is creating a new business focused on bitcoin, Chief Executive Officer Jack Dorsey said in a tweet on Thursday.

Platform News: Squarespace

Dorsey’s Square plans to make hardware wallet for bitcoin

Square Inc will make a hardware wallet for bitcoin, the payments company confirmed in a tweet yesterday, shortly before US Senator Elizabeth Warren flagged growing risks posed to c...

Platform News: PayPal

PayPal overhauls US rates as payments rivalry heats up

PayPal will lift merchant costs for its branded payment products while cutting those for behind-the-scenes processing of some Visa and Mastercard transactions, a bold move in an in...

Fintech: Marqeta

Marqeta prices IPO above range, valuing it at $15 billion

US payments start-up Marqeta, which counts the likes of Uber Technologies and Stripe among existing backers, has priced its IPO well above the target range to raise $1.2 billion, a...

FinTech player, Square

Square sails past profit estimates as bitcoin volumes surge

Payments firm Square Inc has beaten Wall Street expectations for quarterly profit, as surging demand for bitcoin fuelled a jump in cryptocurrency transactions on its peer-to-peer p...

Platform News: Twitter stock market and financial performance

Twitter says looking for independent director to replace Elliott’s Cohn

Twitter has announced it is looking for an independent board director after hedge fund Elliott Management’s managing partner, Jesse Cohn, decided to relinquish his board seat...

Platform News: Bitcoin cryptocurrency

Bitcoin hits $60,000 in record high

Bitcoin, the world’s biggest cryptocurrency, on Saturday crossed a record high of $60,000.

Platform News: Twitter and Square CEO Jack Dorsey

Dorsey to convert proceeds from auction of the first ever tweet to bitcoin

Twitter’s Chief Executive Jack Dorsey has said he will convert proceeds from the digital auction of the first ever tweet on the platform to bitcoin for charity.

Platform News: Bitcoin and the rise of cryptocurrencies

Rush to crypto? Not so fast, say keepers of the corporate coffers

When Tesla became the biggest name to reveal it had added bitcoin to its coffers last month, many pundits were swift to call a corporate rush towards the booming cryptocurrency.

Platform Industry: Bitcoin and digital currencies

Explainer: Bitcoin on your company balance sheet?

Large companies from carmaker Tesla to business intelligence firm MicroStrategy have swapped billions of dollars in cash for bitcoin in recent months.

Platform News: Bitcoin cryptocurrency

Bitcoin extends retreat from record high to hit lowest in 20 days

Bitcoin dropped 6.39% to $43,165.78 on Sunday, losing $2,944.20 from its previous close.

Platform Industry: Bitcoin and digital currencies

MicroStrategy to borrow $600 million to buy more bitcoin

Major bitcoin corporate backer MicroStrategy will borrow $600 million to buy more of the currency, it said on Tuesday, as the cryptocurrency surged past $50,000 in a rally fuelled ...

Platform Industry: Bitcoin and digital currencies

Will Bitcoin hit $100,000 in 2021? Outrageous, or a no-brainer

Bitcoin investors, which include top hedge funds and money managers, are gambling the digital money could more than quintuple to as large as $100,000 in a year.

Platform News: Facebook on a smartphone

Facebook’s Zuckerberg embraces remote work beyond Silicon Valley

Facebook will permanently embrace remote work even after coronavirus lockdowns ease, CEO Mark Zuckerberg said yesterday, accelerating the tech sector’s geographic diversifica...

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