Search results for Cash App
Crypto
Breez adds support to receive stablecoins from over 30 networks, auto converts to bitcoin
Blockchain firm Breez has added a stablecoin receiving feature to its Breez SDK, allowing apps built on the SDK to accept USDT and USDC sent from more than 30 networks using only a bitcoin balance. The SDK generates a deposit address and shows the net amount, while Flashnet processes the conversion in the background. Funds are deposited as bitcoin into a non-custodial wallet, with an option to receive a dollar balance.
Crypto
Ark Invest buys additional $40 million of Block and Circle shares on stock drop day
Ark Invest, led by Cathie Wood (Catherine D. Wood), bought about $37.4 million worth of Block shares, purchasing 456,059 shares and allocating them across three ETFs. Block shares fell 3.23 percent to close at $80.20 on Aug. 31. Ark also bought 35,192 shares of Circle Internet Group, the USDC issuer, for about $3.36 million as Circle shares rose 9.65 percent to $95.55.
Crypto
Block Q2 bitcoin gross profit falls 31 percent, hit by Cash App fee cuts
Block said its second-quarter gross profit from its bitcoin business fell 31 percent from a year earlier, citing the impact of lowering some bitcoin transaction fees on Cash App. Bitcoin revenue dropped 13 percent to $1.89 billion, though it rose 5 percent from the first quarter. The segment’s gross profit fell to $72 million. Block also recorded a $88.5 million valuation loss on its bitcoin holdings during the quarter.
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Crypto
NYSE-listed AI firm Vida Global pays part of salaries in bitcoin, keeps books in dollars
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Crypto
Radar Chat lets users send bitcoin like texts without opening a wallet app
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Finance
Financial sector \'digital risks\' rise, putting IT controls to the test
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Finance
Cash App unveils wand-like NFC payment tag that works without phone or card
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Crypto
Bitcoin Depot halts ATM business after losing fee edge and facing regulatory burden
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AI & Enterprise
AI era puts companies at HR crossroads: layoffs or more output with staff retention
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AI & Enterprise
AI rationale drives mass layoffs at tech firms, raising fears of risky gamble
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Finance
Cash App adds payment link feature, allowing transfers in DMs
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Crypto
Block to cut up to 10 percent of jobs amid business revamp
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Crypto
VerifiedX launches Butterfly cryptocurrency payment app