Cash App to shut down in the UK, citing focus on US market

Cash App, a popular mobile payment platform, will cease operations in the United Kingdom by September 15. Block, the fintech company behind Cash App, announced the closure on Thursday. The decision to withdraw from the UK market comes as part of Block’s strategy to prioritize its focus on the United States and deprioritize global expansion.

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Block, Inc. Q1 results top estimates, shares jump after-hours

Blocks first-quarter 2024 results beat Wall Street analyst estimates on earnings and revenue which saw its share price surge after the bell.

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US Federal Prosecutors Investigate Block Inc. for Compliance Violations

US federal prosecutors are conducting an investigation into Block Inc., the fintech company founded by Twitter co-founder Jack Dorsey. The investigation follows allegations of compliance violations at Block's payment arms, Square and Cash App. A whistleblower has provided documents showing that Block processed transactions for users in countries subject to economic sanctions and facilitated crypto transactions for terrorist groups. The company is accused of failing to address these breaches despite being alerted to them. (Read More)

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Block Enables Millions of Square Sellers to Convert Sales to Bitcoin With Cash App

Funds from daily sales can now be used to purchase bitcoin automatically at the end of each day.

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CashApps Bitcoin Drought Spark Supply Shock Buzz

Is a Bitcoin supply shock imminent? CashApp reportedly ran out of Bitcoin, sparking discussions on the token’s supply and its future implications. As the dominant crypto surges to an all-time high, the much-talked-about “supply shock” has started making the rounds. Market observers are particularly sensitive to this phenomenon, given that the upcoming halving is just […]

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Judge Dismisses Antitrust Suit Against Apple Over Apple Cash

US District Judge has dismissed an antitrust lawsuit targeting Apple, where Venmo and Cash App users claimed Apple Cash had an anti-competitive edge. (Read More)

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Jack Dorsey's Block Appoints MIT's Neha Narula to Board of Directors

Block, Inc., led by Jack Dorsey, has appointed Neha Narula, Director of the Digital Currency Initiative at MIT Media Lab, to its Board of Directors. Narula's expertise in Bitcoin and open source technology aligns with Block's mission of economic empowerment. (Read More)

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Cash App Integrates TaxBit for Streamlined Crypto Tax Reporting

Cash App has integrated TaxBit into its services, allowing Bitcoin holders to easily report their taxes. Cash App users can track their Bitcoin transactions for tax reporting purposes through TaxBit’s platform. TaxBit simplifies tax reporting for everyone who has integrated digital assets into their portfolio. The IRS set Jan. 23 as the start of the 2022 tax filing season and reminded taxpayers of their crypto income reporting obligations, including capital gains from trading, mining, and staking activities. (Read More)

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Cash App Introduces Bitcoin Transactions via Lightning Network

The payment processing app created by Block Inc, Cash App, has now accepted bitcoin transactions, enabling users to both send and receive Bitcoin via the lightning network. (Read More)

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Crypto Flipsider News – Biggest Crypto Gain; Cash App Enables Lightning; Musk Closing Twitter Deal; Reddit NFT Shine

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Continue reading Crypto Flipsider News – Biggest Crypto Gain; Cash App Enables Lightning; Musk Closing Twitter Deal; Reddit NFT Shine at DailyCoin.com.

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Here’s How Bitcoin Transactions Are Supported On Cash App Through Lightning Network

The first cryptocurrency ever created, Bitcoin [BTC], went on to become more of a store of value than a payment method. However, it became much simpler to use Bitcoin as a payment method after the Lightning Network was included. The Jack Dorsey-developed Cash App has consistently supported Bitcoin throughout. The platform then continued to make […]

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Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down

Block Inc. posted $1.47B worth of profit in Q2 but BTC trading services profit only accounted for $41 million of that figure, with the firm citing price volatility and a lack of consumer demand.

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Jack Dorsey’s Block Wants To Create Economic Empowerment With Bitcoin

Among Block’s initiatives to further the Bitcoin ecosystem shared in its 2022 Investor Day is the development of an open-source bitcoin mining ASIC chip.

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Block Q1 BTC Revenue Plunges 51% Amid General Market Turbulence

Block Inc’s Cash App recorded a total Bitcoin (BTC) sale of $1.73 billion in the first quarter of 2022, a figure that plunged by over 51% from the prior quarter (Read More)

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Block’s Cash App Reports Billions in Bitcoin Sales in Q1

Cash App’s user-friendly platform continues to be a driver of Bitcoin demand Covered: Bitcoin Revenues Down, but Sales Still Booming Cash App Continues to Help Innovate Bitcoin Bitcoin Revenues Down, but Sales Still Booming Block’s Cash App has reported impressive Q1 numbers in regard to Bitcoin buys on the app. Today Block announced it generated […]

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Cathie Wood’s Ark Investment Picks Cash App Over PayPal

81% of Cash App's revenue came from Bitcoin last year.

Continue reading Cathie Wood’s Ark Investment Picks Cash App Over PayPal at DailyCoin.com.

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Cathie Wood’s Ark Invest dumps PayPal favoring Bitcoin-friendly Cash App

Wood believes that Venmo is merely a follower of Cash App, which has generated more than double Venmo’s revenue from almost half the number of users.

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UFC, Cash App Announce New Ways To Get Paid In Bitcoin

In separate announcements, UFC and Cash App announce ways to get paid in Bitcoin as Bitcoin 2022 is underway.  The Bitcoin Conference features Presidents of countries, NFL superstars, billionaire investors, public company CEOs, human rights advocates, and US politicians…but some of you are still bearish. ?? — Pomp ?? (@APompliano) April 4, 2022 A pair […]

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Cash App Now Supports Bitcoin Paycheck Payments

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Serena Williams, Odell Beckham Jr. And Aaron Rodgers On Why They Believe In Bitcoin

On stage at Bitcoin 2022, Serena Williams, Odell Beckham, Jr. and Aaron Rodgers explained why they invest and choose to be paid in bitcoin.

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