Block Says Its Bitcoin Bets, Boosted By the Cash App, Yielded $207M In Gains
The Jack Dorsey-led payment provider notched a 90% year-over-year increase in Bitcoin gross profit, driving its stock up in after-hours trading.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Bitcoin miner bets against AI’s giant data centers in infrastructure strategy
The shift in Bitcoin mining towards AI infrastructure could redefine industry dynamics, impacting revenue models and investor stra...
Optimism signs MOU with Toss to explore onchain payments for 30 million users in South Korea
The MOU could revolutionize fintech in South Korea by integrating blockchain, potentially transforming payment systems and regulat...
Jack Mallers’ Strike Cuts Bitcoin Loan Terms to 6 Months to Kill Price Liquidations
Strike CEO Jack Mallers rolled out a new bitcoin-backed loan product on July 7 that removes price-triggered liquidations from the...
Bitcoin 21M Cap Under Fire From Zcash Founder
Eli Ben-Sasson, Zcash founder and and CEO of StarkWare, the company behind Ethereum Layer 2 scaling solution Starknet, publicly ar...
One Vanguard job posting could decide how crypto reaches 50 million investors
Vanguard posted a Head of Digital Assets, Personal Wealth role on July 6, with openings in Dallas, Scottsdale, Charlotte, and Malv...
AngelList Drops Crypto Payments as Ripple’s Rail Partnership Ends on July 31
Key Takeaways: AngelList will end the payment option for crypto after shutting down its ties with Rail on July 31, which is connec...