CFO Amrita Ahuja told CNBC on Wednesday that Square’s cash app platform saw a surge in first-time bitcoin buyers last month. “In 2020 we had 30 million people transacting in Bitcoin through the Cash app and 1 million new ones in Bitcoin in January. [2021]”A day after his company made …
Read More »Bitcoin (BTC) rally is partly driven by more institutional investors, says PWC
SINGAPORE – Bitcoin’s record-smashing rally was seen in recent weeks, in part. The market was driven by the entry of larger, institutional investors, according to Henry Arslanian, global crypto leader at PwC. The digital currency surpassed 30,000 for the first time on Saturday and rose more than 300% in 2020, …
Read More »B 1 billion bitcoin connected to the Silk Road is moving: elliptic
Visual introduction of digital cryptocurrency Bitcoin. Yu Chun Christopher Wong | S3 Studio | Getty Images According to London-based blockchain analysis firm Elliptic, Bitcoin, valued at about 1 1 billion, is moving ahead with potential ties to the Silk Road online online black market. The Silk Road was closed by …
Read More »The losses of Fintech unicorn Klarna increased seven times in the first half
Klarna CEO Sebastian Siemiatkowski follows the launch of the online payment start-up pop-up store in London. Dave Benett | Getty Images for Klarna Swedish online payment company Klarna reported a balloon loss net loss in the first half of 2020, as the company invested in an international expansion company and …
Read More »Facebook Pay will be led by former PayPal exec Stephane Kasriel
David Marcus, vice president of messaging products for Facebook Inc., speaks during a Bloomberg Television interview on the sidelines of the Wall Street Journal D.Live World Technology Conference in Laguna Beach, California, USA, on Wednesday, October 18, 2017. Patrick T. Fallon | Bloomberg | Getty Images Facebook is bringing in …
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