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Square Crypto Hires Matt Corallo to Boost Bitcoin Development

Square Crypto, the division of the Cash App company focused exclusively on bitcoin, just hired one of the world’s most prolific bitcoin developers. Chaincode Labs alum and Blockstream co-founder Matt Corallo previously authored notable efficiency improvements such as the rust-lightning implementation, which makes it easier for users to build and interact with layers of the …

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Square Doubles Bitcoin Revenue, Generating $125 Million via Cash App in Q2

Payments company Square has generated $125 million in Bitcoin (BTC) revenue in the second quarter of 2019 through its mobile payments service Cash App. Square released the information in the company’s Q2 2019 shareholder letter on August 1. According to the letter, the company’s Bitcoin revenue benefited in part from the number one  cryptocurrency’s price …

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Square’s Q2 Bitcoin Revenue Nearly Doubles From Previous Record

Payments company Square reported its second-quarter earnings today, revealing $125 million in bitcoin sales through its Cash App, nearly doubling a record first quarter. “During the quarter, bitcoin revenue benefited from increased volume as a result of the increase in the price of bitcoin, and generated $2 million of gross profit,” the earnings report explains. …

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Project Manager at Square Crypto Stresses Focus on Bitcoin in Twitter AMA

Steve Lee, a project manager at Square Crypto — the crypto arm of the payments company Square — made a number of recent remarks that solidify the company’s emphasis on Bitcoin (BTC). Lee commented to this effect in the course of an “ask me anything” (AMA) session via Twitter on July 29. Jack Dorsey had …

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Hodler’s Digest, June 24–30: Top Stories, Price Movements, Quotes and FUD of the Week

Coming every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin falls by $1,400 after crash of major crypto …

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Bitcoin Startup Lolli Looks to Global Expansion With Hotels.com Partnership

Hundreds of people are earning bitcoin by taking vacations. The in-browser app Lolli, which allows users to earn bitcoin rewards for online purchases, just added Hotels.com to its list of partners. Now with Bookings.com, Priceline, Hilton and Marriot, Lolli CEO Alex Adelman told CoinDesk travel purchases account for 40 percent of sales. “We are leveraging …

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Twitter Founder Jack Dorsey Expounds on Planned Crypto Team

Twitter founder Jack Dorsey said that he hopes private firms will understand the value of a stateless currency during an interview with technology news outlet Quartz published on June 14. Quartz reported that during the interview — which took place in the headquarters of his bitcoin (BTC)-supporting payments platform Square in London — Dorsey noted: …

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Square Hires Ex-Google Director as First Member of New Crypto Team

Payments company Square has hired former Google director Steve Lee as the first member of its new crypto team. A Square Twitter account teased the news Wednesday afternoon without specifying what Lee’s role at the company would be. A spokesperson for Square declined to comment. The maker of the bitcoin-friendly Cash app led by Twitter CEO …

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Square’s Bitcoin Revenue Jumped to $65.5 Million in Q1, Its Highest Ever

Payments company Square reported its first-quarter earnings today, revealing strong growth in bitcoin sales through its Cash app. Founded by Twitter co-founder Jack Dorsey, Square reported $65.5 million in bitcoin revenue for the first quarter of 2019. Bitcoin costs, however, are listed at $64.7 million in the unaudited quarterly report, for a bitcoin profit of roughly $832,000. …

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Why Mark Zuckerberg and Jack Dorsey Are Warming to Blockchain

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. “Left to their own devices, computer scientists would recreate the Soviet Union.” That line belongs …

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