Square CashApp

US Prosecutors Investigate Jack Dorsey’s Block Over Non-Compliant Crypto Services: Report

According to a report released by NBC on Wednesday, U.S. prosecutors are investigating Block, a company featuring cryptocurrency services co-founded by Twitter co-founder Jack Dorsey. The allegations against the company involve accusations of processing transactions linked to sanctioned countries and potentially even individuals associated with terrorist activities. Former Employee Alleges Compliance Failures at Block During...
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Bitcoin Profits: Jack Dorsey’s Block Reports 90% Surge in BTC Gains in Q4 2023

Block, led by CEO Jack Dorsey, announced $66 million in gross profit from selling Bitcoin through its Cash App in the fourth quarter of last year. This marks a 90% increase from the previous year, according to the company’s earnings report released on Feb. 22. Block’s Bitcoin Revenue Soars to $2.5 Billion The report revealed...
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Jack Dorsey’s Block (SQ) Jumps 12% After Bitcoin Revenue Surges In Q3

Shares for Jack Dorsey’s fintech giant Block (SQ) surged by 12% to $49.19 on Friday after the company published bullish third-quarter earnings figures a day prior. That includes increased Bitcoin revenue at the company’s payment subsidiary, Cash App, which reeled in 37% more income than during the same period last year. Block is Back Per...
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Block’s BTC Revenue Rises by Over 30% in Q2

The payment technology firm Block (formerly known as Square) revealed that its bitcoin revenue for the second quarter was approximately 34% more than the figure reported in Q2, 2022.  The company, spearheaded by Twitter’s former CEO Jack Dorsey, is a main player on the crypto scene, owning over 8,000 BTC.  Q2’s Solid Numbers Block revealed that its...
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CashApp Founder Bob Lee Stabbed to Death in San Francisco: Report

Bob Lee – Cash App founder and former CTO of Jack Dorsey-owned Block – has been identified as the victim of a fatal stabbing near downtown San Francisco. The incident is being investigated by the SFPD Homicide. According to a report, Lee, 43, died after being found stabbed on the 400 block of Main Street...
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Hindenburg Drops Astonishing Details on Jack Dorsey’s Block, Payment Firm Fires Back

After a 2-year investigation, Hindenburg concluded Block (previously known as Square) “systematically took advantage of the demographics it claims to be helping.” The report accused the firm of facilitating “fraud against consumers and the government” as well as “avoiding regulation.” It further called Block’s loans and fees to be “predatory” in nature and designed to...
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Block’s Shares Jumped 7% Despite Declining Q4 Bitcoin Revenue

Block (formerly known as Square) – an American multinational technology conglomerate founded by Jack Dorsey – disclosed $1.83 billion of bitcoin revenue generated from its Cash App payment service in Q4, 2022.  The figure was nearly $2 billion in the fourth quarter of 2021, and the company blamed the decline of the crypto market for...
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Lightning Network Transfers are Now Fully Available On CashApp

CashApp is now fully compatible with the lightning network for sending and receiving Bitcoin payments.  The full integration makes Bitcoin significantly easier to use as a means of payment via a commonly used consumer app.  CashApp Integrates Lightning The mobile payment service enabled users to send lightning payments to external lightning wallets (ex. Chivo Wallet,...
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Block Q2 Bitcoin Revenue Down 6% YOY Due to BTC Slump 

American digital payments company Block Inc.’s second-quarter (Q2) revenue dropped by 6% year-over-year (YOY) to $4.4 billion. Although the numbers still topped Wall Street’s expectations of $4.35 billion, it suffered a loss of $208 million during the quarter, the Associated Press reported. Following the Q2 results, Block shares slipped 5.35% to $84.90 in after-hours trading on...
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Over 10 Million CashApp Accounts Have Bought Bitcoin: Block’s Q1 Letter

More than 10 million people have now bought Bitcoin using Jack Dorsey’s CashApp, according to Block’s Q1 2022 shareholder letter. The app generated $624 million in gross profit for the company over that time, $43 million of which came from Bitcoin sales. Expanding Bitcoin Access The company states that it is focused on expanding awareness...
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Cathie Wood’s Ark Invest Bets Big on Cash App, Dumps PayPal

American asset management company Ark Invest has sold its holdings of fintech giant PayPal and backed Bitcoin-friendly Cash App. This comes after Cathie Wood, CEO of Ark Invest, revealed her preference for Block’s (formerly Square) Cash App over PayPal’s Venmo at the 2022 North American Bitcoin Conference in Miami. Backing Cash App Wood believes Cash...
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CashApp Rolls Out “Get Paid in Bitcoin” Service

CashApp – the mobile payment service developed by Block – announced many major Bitcoin-related upgrades on Thursday. One of the new integrations allows users to automatically convert their incoming paychecks into Bitcoin. Another Wave of Bitcoin Features CashApp is quite familiar with Bitcoin and its surrounding technology already. It already allows users to purchase Bitcoin...
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Square Rebrands to Block, Expands Focus on Blockchain Industry

On Dec. 2, Square announced that it is changing the company name so it can give the “full Square brand” to its Seller business. The Seller division provides an integrated ecosystem of commerce solutions, business software, and banking services for sellers. The name change also distinguishes the corporate entity from its businesses or building blocks....
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