Tagged: jack dorsey

Musk, Dorsey, Wood Support to Return Bitcoin to Previous Highs: Green

Bitcoin will return to its previous highs before 2022 thanks in part to more muted support from notable advocates like Elon Musk, Jack Dorsey and Cathie Wood, deVere Group CEO Nigel Green believes. At the July 20 B Word Conference, Musk, Dorsey, and Wood reportedly… Read More

Square to Launch New Business Focused on Bitcoin

Square (NYSE:SQ) founder and CEO Jack Dorsey revealed a new business line for the company focused on Bitcoin. Dorsey announced the “open developer platform” via his other company Twitter. Dorsey said the goal is to make it easy to create “non-custodial, permissionless, and decentralized financial… Read More

Bitcoin Records its Weakest Second Quarter Ever, and One of the Weakest Since 2011: Report

The team at NYDIG, a financial services and technology company dedicated to Bitcoin, has taken a look back at the second quarter and the events that “shaped it,” as well as looking forward to key events in the foreseeable future. The report from NYDIG acknowledges… Read More

Jack Dorsey Says Square Crypto Wallet May Be on the Way

Jack Dorsey, CEO of both Square (NYSE:SQ) and Twitter (NYSE:TWTR), has tweeted out that a digital wallet may be forthcoming from Square. The tweet was shared in advance of a presentation at the enormous Bitcoin conference taking place in Miami.   Square is considering making… Read More

Acquisition of Jay-Z’s Tidal by Square to have No Material Impact on Fintech Firm’s Revenue, Company Says, as Analyst Breaks Down the Deal

Rob Walker, a Senior writer at Marker on the intersections of design, consumer culture, branding and business, is asking whether Jack Dorsey is playing Jay-Z, or is the billionaire hip-hop artist and entrepreneur playing the Twitter and Square CEO? Walker, a longtime NYT contributor and… Read More

Fintech Square Acquires Majority Stake in Tidal in Strategic Shift

Square (NYSE:SQ), a top publicly traded Fintech, has acquired a majority stake in the music streaming service TIDAL. Square founder and CEO Jack Dorsey revealed the investment via Twitter, another company where he is CEO and founder.   Square is acquiring a majority ownership stake… Read More

Payments Company Square Acquires an Additional $170 Million in Bitcoin (BTC) to Boost its Corporate Treasury

Payment company Square Inc (NYSE:SQ) has invested an additional $170 million in Bitcoin (BTC). Square and Twitter CEO Jack Dorsey confirmed on Tuesday (February 23, 2021) that it was time to “double down” on the firm’s commitment to the world’s largest digital currency (in terms… Read More

Square’s $50 Million Bitcoin Purchase in 2020 now Worth Over $220 Million as CEO Dorsey and Jay-Z Launch New Blind Trust

Twitter (NYSE:TWTR) CEO Jack Dorsey confirmed on Friday (February 12, 2021) that he has teamed up with legendary billionaire hip-hop artist and businessman Jay-Z to finance and support projects in Africa and India with Bitcoin (BTC). Money lessons from one of the greatest rappers of… Read More

Twitter and Square CEO Jack Dorsey Expresses Concerns Regarding FinCEN’s Proposed Bitcoin and Crypto Regulations

Payments company Square‘s (NYSE:SQ) Jack Dorsey has expressed concerns regarding recently proposed Bitcoin (BTC) related regulations. The bitcoin regulations proposed by FinCEN give few useful powers to regulators, greatly roll back economic freedoms while pointlessly surveilling law-abiding people, and create databases of info about who… Read More

COVID-19 Relief: Payments Giant Square to Add Feature Allowing Users to Directly Access Stimulus Funds from their Cash App Accounts

The US Internal Revenue Service (IRS) confirmed on April 10, 2020 that it would be providing a tool for eligible American citizens and residents who don’t normally submit tax return documents, so that they can get access to government Coronavirus (COVID-19)-related stimulus funds. Soon after… Read More

Coinbase Claims Retail Investors Purchased Large Amounts of Bitcoin (BTC) During Last Month’s Crypto Market Crash

San Francisco-based digital asset exchange Coinbase claims that retail customers purchased Bitcoin (BTC), the flagship cryptocurrency, the most during the March 2020 market crash. As noted in a report from Coinbase (released on March 31, 2020), customers usually purchase about 60% more than they sell…. Read More

COVID-19 Response: Square and Venmo’s Parent PayPal are Talking to US Government About Using their Apps to Deliver Stimulus Payments to Americans

Payments company Square (NYSE:SQ) and Venmo’s parent firm PayPal (NASDAQ:PYPL) are reportedly holding discussions with the US government about potentially using their applications to provide much-needed stimulus payments to American citizens, following the global Coronavirus (COVID-19) outbreak. The new service being proposed by Square and… Read More

Digital Bank: Square Financial Services, Receives FDIC Approval for its Deposit Insurance Application

Square Financial Services, the de novo industrial bank established by payment services firm Square, has received conditional approval from the Federal Deposit Insurance Corporation (FDIC) for its deposit insurance application. The approval gives Square permission to introduce banking services, which it’s reportedly planning to launch… Read More

Jack Dorsey’s Payments Firm Square Releases Q4 2019 Earnings Report, Reveals Record-Breaking Quarter for Bitcoin Transactions

San Francisco-based Square, Inc. (NYSE:SQ), a payment and mobile financial service provider, has released its Q4 2019 earnings report, which notably highlights a record-breaking quarter for Bitcoin (BTC)-related transactions. Square’s management revealed that the company handled over $178 million in BTC purchase volumes during the… Read More

Twitter CEO, Jack Dorsey, Developing “Bluesky,” an, “Open, Decentralized Standard for Social Media” Called

Twitter CEO, Jack Dorsey, announced on Twitter December 11th that the company, “is funding a small independent team of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media…We’re calling this team @bluesky.” “The goal,” said Dorsey,… Read More

CoinList Announces Launch of Crypto Exchange – CoinList Trade, Receives $10 Million Investment from Polychain Capital & Jack Dorsey

CoinList, an offshoot from the team that created AngelList, is launching a compliant cryptocurrency exchange – CoinList Trade. The company called the move a “natural next step” that will allow secondary trading of tokens as well as seamless distribution. CoinList has been a leader in… Read More

Mobile Payments Firm Square Is Preparing to Add Stock Trading to Company’s Cash App

San Francisco-based mobile payments company Square is testing a new feature that allows users to trade stocks through the company’s Cash App.  Square’s employees have been testing out the newly integrated feature, according to Bloomberg. Once it has launched, Cash App users will reportedly be… Read More

Report: Jack Dorsey Has No Plans to Issue “Twitter Coin”

Jack Dorsey has reiterated his support for Bitcoin in an interview with The Sydney Morning Herald, and says Twitter has no plans to create a private digital currency for that network. “I think open Internet standards serve every person better than ones controlled or started… Read More

Jack Dorsey, Twitter and Square CEO, Talks Up Company’s Nascent Crypto Development Team

Jack Dorsey, self-taught programmer and co-founder of Twitter and Square gave two interviews this week in which he talked up Square’s recent efforts to coalesce an in-house team of developers that will contribute to coding Bitcoin and possibly other cryptocurrencies. Square began by providing credit… Read More

Millennials Using Phone Payment Apps Make Worse Money Decisions

Mobile payments is one of the hottest sectors in Fintech. Venmo and Square/CashApp have battled for years over the hearts and minds of millennials, with CashApp recently declaring victory– thanks in part, some say, to its pioneering incorporation of Bitcoin trading into the app. In May,… Read More

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