In Q2, Cash App made $546 million in Bitcoin services. The company’s gross profit rose to $55 million even with a $45 million impairment loss.
According to crypto analyst PlanB, Bitcoin price is in line with the S2F model and is headed for a new ATH in the foreseeable future.
The global payment company Paypal is now venturing into crypto-based operations and is said to have implemented new posts and positions to amplify their work scale in Ireland.
Germany embarked on a journey to regulate and adopt the crypto industry and blockchain technology back in 2019.
In July, Bitcoin miners registered a 15% surge in the mining revenue in comparison to the previous month. Post China’s crackdown, miners are once again getting online resuming their operations.
The list of tourism companies accepting crypto payments is constantly growing. You will find the names of tourism players currently transacting in crypto below.
With the uncertainty in the current investment ecosystem, Wealthfront says it is set to offer its customers an expert-backed recommended portfolio.
Take a look at how traders can get a discount if they book their Bitcoin options purchased a month back.
Michele Korver noted that crypto assets have developed over time just like any other financial technology.
MicroStrategy CEO responded to the criticism of the company’s continuous Bitcoin purchases despite a strong correction recently. He also answered some questions about the company’s take on investing in altcoins.
Lolli said that this funding will go towards expanding in the global market, hiring, new partnerships, and further development of the recently launched mobile app.
The fiscal and economic policies being rolled out by the Feds in various nations, particularly the United States can also help in the Bitcoin price retracement moves.
The Super App will provide early and direct access to deposit funds while also enabling messaging features and some additional crypto functionalities.
Beyond the integrated Binance tax reporting tool, the exchange has also taken action to reduce the daily Bitcoin (BTC) withdrawal limit for its users that have not completed the KYC verification requirement.
Even though Bitcoin’s trading volume is still higher than Ether’s, the year-on-year growth for the latter is breaking all records.