Block bets on bitcoin
Payments Dive
MAY 18, 2022
“We are no longer just a payments company,” Block CEO Jack Dorsey said at the company’s investor day Wednesday.
Block's self-custody bitcoin wallet launches globally
Finextra
DECEMBER 7, 2023
Bitkey, the self-custody bitcoin wallet built by Block, Inc. NYSE: SQ), launched today in more than 95 countries across six continents, widening access to self-custody and empowering people around the world to truly own and manage their bitcoin easily and safely.
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Block launches Bitkey self-custody Bitcoin wallet
The Paypers
DECEMBER 8, 2023
US-based digital payments company Block has launched the Bitkey self-custody bitcoin wallet to improve access to self-custody in multiple countries.
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Block’s Ahuja chases bitcoin users for Cash App
Payments Dive
JUNE 9, 2023
The digital payments company believes bitcoin “has the potential to transform the global transmission of money,” Block CFO Amrita Ahuja said Thursday.
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Binance resumes bitcoin withdrawals following a temporary block
The Paypers
MAY 8, 2023
Cryptocurrency exchange Binance has resumed bitcoin withdrawals following a temporary block due to a large number of pending transactions.
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Crypto exchange Binance blocks Bitcoin withdrawals
The Paypers
JUNE 13, 2022
Crypto exchange Binance has blocked Bitcoin withdrawals amid a market downturn.
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Bitcoin Halving to Strengthen the Crypto’s Longevity as Industry Reveals Impact of the Event
The Fintech Times
APRIL 13, 2024
Every four years, the crypto world gears itself up for what has historically been a very exciting time in the industry: the Bitcoin (BTC) halving. For those outside of the crypto world, the Bitcoin halving may seem like a strange idea: why half how quickly you can get something when it is in such high demand? Miners now get 6.25
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Why is My Bitcoin Transaction Not Confirmed Yet?
CoinRemitter
MARCH 12, 2024
An initiated Bitcoin transaction is yet to be confirmed. Just like other crypto payments , Bitcoin requires miners to verify transactions before considering them to be settled. The reason for delayed Bitcoin transactions may hover around this, let’s check some common reasons. Is it a thing to worry? Not at all.
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Bitcoin Daily: Hackers Contribute Crypto To Charities; Bitcoin Crests $12K
PYMNTS
OCTOBER 21, 2020
A hacking organization released receipts for $10,000 in charitable contributions to two groups made through bitcoin, the BBC reported. in bitcoin ( valued at approximately $10,515 as of 7:04 P.M. They reportedly harnessed The Giving Block service that is used by numerous nonprofits globally. Eastern Time on Oct. as of 7:06 P.M.
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Bitcoin Daily: Nigeria Moves To Create Crypto Framework; Australia Holds Blockchain Pilot With Singapore
PYMNTS
NOVEMBER 25, 2020
As it stands, bitcoin and other digital currencies are seeing increasing use in Nigeria. On another note, a digital currency fundraising event dubbed “Bitcoin Tuesday” is set for December 1, Cointelgraph reported. The news come as the Pineapple Fund, an anonymous bitcoin group, gave away more than 5,050 bitcoin to 60 nonprofits.
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Know Everything About Bitcoin Halving, Its Impact, and Importance in Brief
CoinRemitter
NOVEMBER 8, 2023
Introduction Bitcoin halving is an event, which plays an important role in shaping the Bitcoin network. It focuses on controlling the rate of Bitcoin’s creation and maintains the scarcity of cryptocurrencies in return. Miners get newly created Bitcoins and transaction fees as a reward. in 2016 and 2020 respectively.
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New report highlights opportunities for digital assets to empower businesses in displaced communitie
Finextra
OCTOBER 31, 2024
Digital Assets, including bitcoin and stablecoins, can foster financial inclusion for businesses in displaced communities, according to a new report by Block, Inc. and the European Bank for Reconstruction and Development (EBRD).
SEC Chair: Flaws In Modern Payments Systems Are Boosting Bitcoin
PYMNTS
NOVEMBER 19, 2020
Securities and Exchange Commission (SEC) Chairman Jay Clayton thinks inefficiencies in traditional payments are boosting favorability for bitcoin, a report from Coindesk says. Clayton, speaking on CNBC, said bitcoin's popularity came from that disappointment in mainstream payments.
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Bitcoin Daily: BlockFi, Visa To Offer Card With Bitcoin As Rewards; Crypto-Based Event Aims To Raise $1 Million For Charity
PYMNTS
DECEMBER 2, 2020
Visa has partnered with BlockFi to launch a credit card that offers bitcoin rewards rather than travel points or cash back, according to an announcement. The BlockFi Bitcoin Rewards Credit Card , which will be available in the spring of 2021, will give 1.5 The card carries a $200 annual fee. “We
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Bitcoin Daily: Venezuela Pizza Huts Now Take Bitcoin; $4.2 Billion In Cryptos Seized By China In PlusToken Investigation
PYMNTS
NOVEMBER 30, 2020
27 that it was partnering with the pizza chain to process cryptocurrencies, including Bitcoin, Litecoin, Binance Coin, Binance USD, Tether, Dash, Ether, Dai and XPT, Cryptobuyer’s native coin. billion, according to The Block, citing the court’s judgment, which came out on Nov. million people, The Block reported.
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Block’s Self-Custody Bitcoin Wallet Bitkey Launches Globally
The Nilson Report
DECEMBER 8, 2023
The post Block’s Self-Custody Bitcoin Wallet Bitkey Launches Globally appeared first on Nilson Report.
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Bitcoin Daily: Bitcoin Exchange Balances Drop Prior To Halving; Price Of Physical Gold Jumps As ‘Digital Gold’ Falls
PYMNTS
APRIL 15, 2020
Investors might be keeping their bitcoins prior to halving in May, at which point rewards for each block mined will be reduced, CoinDesk reported. The seven-day moving average for all bitcoin held in exchange addresses dropped to the lowest point as of June 2019 to 2,214,365 in mid-April. The price of bitcoin was $6,638.27
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Burger King Now Accepts Bitcoin
PYMNTS
SEPTEMBER 17, 2019
For some, bitcoin and cryptos — beyond a means of speculation — are a solution in search of a problem. You may recall that not all that long ago, Starbucks had been in the news, in tandem with bitcoin — i.e., we will, at some point be able to pay for our triple no-foam whip pumpkin soy latte with bitcoin. It’s been a slow start.
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SEC Blocks Winklevoss ETF
PYMNTS
JULY 27, 2018
Securities and Exchange Commission earlier this week stood by its move to stop a bitcoin exchange-traded fund, citing “unpersuasive” arguments as to how the ETF would be protected from any market manipulation. The move to block the ETF came down to a 3-1 vote of sitting commissioners, with Commissioner Hester Peirce a dissenting vote.
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Bitcoin Investors Expect Big Returns In The New Year
PYMNTS
DECEMBER 30, 2019
Bitcoin investors are in for a halving event in 2020 that could potentially give their currency a boost , according to Bloomberg. A halving event refers to the process in which the reward that Bitcoin creators get for creating fresh bitcoins will be cut in half. Once, in 2012, the block reward went from 50 to 25 bitcoins.
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Bitcoin Daily: BitPay Allows All Bitcoin Wallets For Transaction; Telangana To Create Blockchain Incubator
PYMNTS
FEBRUARY 4, 2020
BitPay, a leading Bitcoin and cryptocurrency payment service, said that it will soon allow invoices to be paid from any Bitcoin wallet or crypto exchange, according to a report Tuesday (Feb. BitPay’s customers want to support all the Bitcoin wallets, just like they want to support all cryptocurrencies for payments.
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Bitcoin Daily: BitBay Will No Longer Support Monero’s XMR; Bitcoin ATMs Coming To More Shopping Malls
PYMNTS
NOVEMBER 26, 2019
29, and will block withdrawals from Friday to Dec. The decision was made to block the possibility of money laundering and inflow from external networks,” the firm said, adding that other crypto exchanges have dropped monero over the same concern. Bitcoin is the perfect gift for family and friends this holiday season.
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Travel Management Firm CWT Pays $4.5M In Bitcoin To Hackers
PYMNTS
JULY 31, 2020
million worth of bitcoin in ransom this week to hackers who said they seized control of 30,000 company computers and two terabytes of data, Reuters reported on Friday (July 31). ” Hacker tools such as RagnarLocker function in part by blocking legitimate users of computers from accessing functioning backups.
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Bitcoin Daily: Ripple Tapped By CIMB For Southeast Asia DLT Tech, Bitcoin Cash’s Hard Fork Goes Live
PYMNTS
NOVEMBER 15, 2018
In other news, the hard fork for the Bitcoin cash has gone live as the currency now has two different protocol implementations, according to Coindesk. SVPool reportedly mined the last “common block” – number 556,766. It will also reportedly work with more than one ledger technology, such as bitcoin and Ethereum.
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Bitcoin Daily: ShapeShift Crypto Exchange Alleges $900,000 Employee Bitcoin Theft; Line Debuts Blockchain Platform, Digital Wallet Services
PYMNTS
AUGUST 27, 2020
Crypto exchange ShapeShift is suing former engineer Azamat Mukhiddinov for allegedly stealing $900,000 in bitcoin via programs he installed on their servers, CoinDesk reported. On another note, Roskomnadzor, Russia's telecom regulator, blocked Russia's top crypto exchange aggregator, BestChange.ru, on Wednesday (Aug.
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Bitcoin Daily: Australian Hacker Gets Jail Time In Crypto Theft; Coinbase Leaves Blockchain Association
PYMNTS
AUGUST 11, 2020
The crypto was then converted to bitcoin and moved into a number of locations. In other news, Coinbase has left the Blockchain Association , an industry advocacy organization, The Block reported. Wong noted that the “resignation also serves as notice of Coinbase’s withdrawal from the Blockchain Association,” The Block reported.
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Feds Put Seized Bitcoins Up For Auction
PYMNTS
JANUARY 12, 2018
The Feds are seeking to put nearly 4,000 bitcoins on the auction block — currently worth approximately $50 million — seized in criminal, civil and administrative cases, BGR reported. Marshals Service said it will hold an auction in February to dispose of 3,813 bitcoins, which are valued at a sizable $52 million at today’s price.
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Bitcoin Miners Fail To Make A Profit Despite Surge In Revenue
PYMNTS
OCTOBER 10, 2018
Bitcoin miners have around $4.7 TheNextWeb , citing blockchain research firm Diar , reported that based on the data, this marks the first time cryptocurrency mining businesses aren’t making money off their bitcoin mining efforts. The move implies that mining for bitcoin is becoming largely the domain of the big players.
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80 Bitcoin Tracker: Tale Of Two Bitcoins
PYMNTS
MARCH 24, 2017
Bitcoin prices suffered further losses this past week. As the reality of the Securities and Exchange Commission (SEC) rejection sunk in, concern among investors has grown amid signs of an impending hard fork — a “great schism” of bitcoin, if you will. At the time of writing, one bitcoin was worth $1,039.93, up 0.24
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Bitcoin Tracker: Another Tough Week
PYMNTS
MARCH 31, 2017
This past week proved once again that it’s tough to be a bitcoin fan. In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration in the month of March — the Intercontinental Exchange, Inc.’s Well, as long-term as bitcoin value can be.
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Tesla to provide solar energy for Bitcoin mining
The Paypers
APRIL 12, 2022
Blockchain company Blockstream has partnered with payments firm Block and Tesla to create a solar-powered Bitcoin mining facility in the US, according to edie.
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Bitcoin Daily: US Marshals To Hold Bitcoin Auction; Researchers Claim New ‘Spider’ Tech Can Route Crypto Payments More Efficiently
PYMNTS
FEBRUARY 3, 2020
Marshals Service is auctioning roughly $40 million in bitcoin, CoinDesk reported on Monday (Feb. The auction of 4,040 confiscated bitcoin — worth $37.7 Investor Tim Draper won nearly 30,000 bitcoin across 10 auction blocks. . million at press time — is for people who are registered to bid by Feb. This is the first U.S.
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SEC Denies Second Bitcoin ETF
PYMNTS
MARCH 29, 2017
In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration this month — the Intercontinental Exchange, Inc.’s s NYSE Arca exchange’s request to list and trade the SolidX Bitcoin Trust.
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Bitcoin Daily: S Korea Eyes New Crypto Income Tax; Less Network Traffic Causes Drop In Bitcoin Fees
PYMNTS
MAY 28, 2020
Bitcoin transaction fees are simmering back down to ordinary levels after a heavy wave of them in early May, reports suggest. Users pay fees to miners for transactions on the blockchain, and miners also receive a fixed amount of BTC for each block mined, which halves every four years. The last halving was on May 11, 2020.
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56 London Block Exchange to support GBP trading for Bitcoin Cash
The Paypers
MAY 7, 2018
(The Paypers) The London Block Exchange has added Bitcoin Cash and Ethereum Classic operations to its platform.
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Bitcoin To Possibly Split Again Into 3 Currencies
PYMNTS
AUGUST 18, 2017
In this year alone, we’ve seen bitcoin valued at just under $1,000 in January to over $3,000 in May and soaring over $4,000 this past weekend. One of the major factors impacting the most recent leap in bitcoin value is the recent hard fork to develop a new cryptocurrency dubbed Bitcoin Cash.
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56 Bitcoin Gets Second (Or Third, Or Fourth) Wind
PYMNTS
MAY 14, 2019
Bitcoin, that marquee name in cryptocurrency, has seen its price swell by roughly that 60 percent number through the last few weeks, to about $8,000. Bitcoin got a huge jump on Monday (May 13), up 25 percent on the day, though there was no news specific to the cryptocurrency. Or to make one wonder why. As that happens, miners get 12.5
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Bitcoin Daily: The PIT Enables UK Faster Payments; Coinbase Chief Gets Patent For Emailing Bitcoin
PYMNTS
DECEMBER 19, 2019
Faster Payments Scheme, The Block reported. Two cryptos are currently supported: ether and bitcoin. that allows users to send bitcoin via email, Coindesk reported. The PIT digital currency exchange of Blockchain.com is one of the few exchanges to turn on the U.K. The Faster Payments Scheme, as it stands, is a U.K.
Players Unite To Speed Up Bitcoin
PYMNTS
MAY 26, 2017
An agreement to upgrade the speed of processing transactions propelled bitcoin to new heights on Thursday (May 25). Bitcoin’s Satoshi blockchain can only process so much data, and this was creating a backlog in transaction processing. It’s always been on the back-burner as something that can potentially disrupt bitcoin’s growth.”.
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PYMNTS
MARCH 30, 2018
Bitcoin fell below $7,000 on Thursday (March 29) – and analysts expect sales of bitcoin and other cryptos to increase as the April U.S. The price of bitcoin was $6,826.68 tax deadline approaches, CNBC reported. as of 11:13 p.m., according to CoinDesk.
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Square introduces Bitcoin conversions for Cash App users
The Paypers
APRIL 26, 2024
US-based financial technology conglomerate Block has decided to link its merchant services system Square and peer-to-peer payments app Cash App.
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The Bitcoin Whale And The Bitcoin Fish Story
PYMNTS
NOVEMBER 4, 2019
The days of bitcoin at $20,000 seem long ago and far away. The pair had said in the past, as detailed via Bloomberg , that analyzing transactions across the blockchain show that the whale would have been able to send bitcoin prices higher if and when they slipped below certain levels. Hook, line and sinker, amid bulls and whales.
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Bitcoin Daily: UnionBank Launches Bitcoin ATM; Coinbase Invests In Disappearing Blockchain Startup
PYMNTS
APRIL 5, 2019
People who want to use UnionBank of the Philippines ‘s (UBP’s) new bitcoin ATM will need to have an account with the bank. For now, only bitcoin is being offered. Once that is achieved, the main nodes generating the proof can get rid of old blocks, if desired. We see CODA as way more than just payments.
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Blockchain Technology Beyond Crypto: Fintech Innovations and Applications
Fintech Review
JUNE 25, 2024
Blockchain technology, initially synonymous with cryptocurrencies like Bitcoin , has evolved beyond its origins. Each transaction, once verified, forms a ‘block’ that is linked cryptographically to the previous block, creating a ‘chain’ of blocks — hence the name blockchain.
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