Overall, the S&P 500 rose nearly 20% year-to-date while the price of bitcoin dropped around 4% in the same period.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Square is beginning to reaccelerate as refreshed merchant tools and a tighter sales push improve traction across key verticals.
Analysts say growing adoption of Cash App credit features and early improvements at Square could help support the company’s forecast.
Square is showing early signs of recovery as new lending models and wider distribution help close the gap between payment volume and profit.
Block’s bitcoin revenue accounted for about $1.97 billion of its total revenue, down from $2.4 billion during the same quarter last year.
The buys were made across three Ark's ETFs.
Square Bitcoin lets U.S. merchants accept BTC with no fees until 2027, a move Mizuho analysts say could reshape consumer payments.
The features allow U.S. sellers to accept BTC, convert fiat sales automatically and manage crypto alongside traditional finances.
The rollout includes new bitcoin payment tools and a merchant wallet aimed at making cryptocurrency use easier for small businesses.
Ark Invest sold $15 million worth of Block Inc. shares, $12.7 million in Robinhood, and $6.9 million in Coinbase on Monday.
Payments are settled in real-near time using Bitcoin layer-2 Lightning, with Square processing the exchange into fiat
Cathie Wood’s Ark Invest has shifted its crypto-focused investment strategy, reducing its holdings in Coinbase, Robinhood, and Block in favor of BitMine Immersion, an Ethereum-focused treasury firm. According to Ark’s July 21 trading disclosures, the firm added 4.4 million BitMine Immersion (BMNR) shares to three of its actively managed exchange-traded funds (ETFs). This marks a notable strategic […]
The post Ark Invest swaps Coinbase, Robinhood stakes for major $175M Ethereum play with BitMine Immersion appeared first on CryptoSlate.
Block's Bitkey unit is a simple self-custody wallet built for bitcoin, while Proto is a suite of bitcoin mining products and services.
Ethereum’s proposed move to 6-second block times under EIP-7782 promises faster transactions and real-time responsiveness.
Block's Miles Suter said that the firm is earning "real BTC returns from our corporate holdings...by efficiently routing real payments across Lightning"
The feature would still need regulatory approval in order to be made available to all customers.
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Ark also bought $7.6 million of 3IQ's Solana staking ETF and sold shares in Jack Dorsey's Block as it rebalanced its fund weightings.
Block Inc., the company behind Cash App and led by Jack Dorsey, has been fined $40 million by the New York Department of Financial Services (NYDFS). The penalty, announced on April 10, stems from widespread lapses in the company’s anti-money laundering (AML) and compliance systems related to its virtual currency operations. NYDFS Superintendent Adrienne Harris […]
The post Block Inc faces $40 million fine for lax Bitcoin transactions oversight appeared first on CryptoSlate.
Markets rebounded sharply after Trump paused global tariffs for 90 days and lowered most reciprocal duties to 10%, sparking a 7% jump in bitcoin.
The ARK Innovation ETF sold 203,659 Block Inc. shares on Tuesday and 323,332 shares of the same company on Monday.
Ark also bought $9.6 million of Robinhood shares and sold $20.6 million of Block stock as the firm continued rebalancing its fund weightings.
While firms like Tesla are already in the S&P 500, VanEck’s Matthew Sigel says Block Inc. could be the first company in the index with an “explicit strategy” for accumulating Bitcoin.
Block missed its revenue estimates for Q3 and said it is “winding down” its DeFi business to shift money into its Bitcoin mining and wallet businesses.
The company's shares fell after reporting third quarter sales that missed estimates by 4%.
Jack Dorsey’s Bitcoin-friendly financial services firm Block saw its stock rally 13% in October, coming in line with bullish market action.
Binance has assured its users that their funds are safe after Venezuela cut off access to the exchange and social media platform X.
Bitcoin Conversions will charge a flat 1% fee to automatically convert a portion of merchant revenues into BTC.
Authorities in Thailand have decided to block "unauthorized" crypto platforms to increase the efficiency of law enforcement in solving the problem of online crime, an announcement on Friday last week said.