The financial sector comprises companies in insurance, money management, payments, and digital banking, with major players like Square, Morgan Stanley, American Express, and Bank of America highlighted as top stocks for the week of Aug 9, 2021.
JPMorgan analysts maintain a positive outlook on Jack Dorsey’s Block, driven by growth in Square and Cash App, despite a disappointing Q4 forecast.
Square shifts focus to Bitcoin mining, closing the Web5 venture amid a crypto-friendly shift following Trump's election win, potentially stabilizing BTC mining.
Jack Dorsey's Square plans to increase investment in Bitcoin mining despite missing third quarter sales estimates by 4%. The company will also shut its decentralized 'Web5' venture.
Craig Wright denies being in contempt concerning his $1.2 billion lawsuit against Bitcoin Core developers and Square. The UK judge has paused the lawsuit until a December resolution.
Institutional interest in Bitcoin is rising, with investments surpassing $10 billion. Companies like PayPal and Square are adopting it, driving market dynamics. Experts foresee more institutional involvement, potentially pushing Bitcoin to new highs, albeit with risks from regulations and volatility.
Stripe has reportedly finalized a $1.1 billion deal to acquire Bridge, a stablecoin network founded by former Coinbase and Square executives. This acquisition marks the largest in the crypto industry and for Stripe itself.
Craig Wright has filed a lawsuit against Bitcoin Core and Square on October 13, representing himself in the case.
Charles Hoskinson of Cardano criticized Craig Wright's £911 billion lawsuit against Bitcoin Core and Square, questioning legal tolerance for such actions.
Craig Wright, known as "Satoshi Wright", has filed a lawsuit against BTC Core and Square. The legal action involves allegations related to Bitcoin. The implications for the crypto community could be significant, pending the outcome of the proceedings.
Bridge, led by ex-Square and Coinbase executives, raised $58 million from Sequoia, Ribbit, and Index to boost its global stablecoin payment network.
Bridge, a stablecoin payment network founded by ex-Square and Coinbase executives, raised $58M in funding.
Ex-Square, Coinbase executives have raised $58 million to develop Bridge, a global stablecoin payment network aiming to rival traditional systems such as Swift and credit cards.
Block, previously Square, is gaining investor interest due to its Cash App and Afterpay services, impacting its stock (SQ). Future performance hinges on Bitcoin's volatility as Cash App integrates Bitcoin trading and the success of Afterpay's expansion.
Block, formerly Square, led by Jack Dorsey, reported Q1 earnings surpassing expectations, propelled by a novel crypto investment strategy focused on specific cryptocurrencies, aiming for profitability.
Block, previously Square, led by Jack Dorsey, surpassed first-quarter earnings expectations and signals a cryptocurrency purchase with profits.
Federal prosecutors are reportedly investigating Jack Dorsey's financial technology firm Block, including its units Square and Cash App, for alleged compliance failures over several years.
The DOJ is probing Block, once Square, for compliance failures after a whistleblower disclosed issues including transactions with sanctioned entities and terrorist-linked groups.
Block, owned by Jack Dorsey, is under investigation by federal authorities due to potential regulatory non-compliance of its Square and Cash App services, as reported by NBC News.
Block introduces a feature for Square merchants to convert up to 10% of their sales into Bitcoin through CashApp, with Block benefiting from a 1% conversion fee.
Block has introduced a new feature enabling merchants using Square to automatically convert a portion of their daily sales into Bitcoin via the Cash App. The initiative, announced by Block's founder Jack Dorsey, allows merchants to convert between 1-10% of their earnings from Square into Bitcoin.
Square, led by Jack Dorsey, introduces a feature for businesses to convert part of their sales into Bitcoin using Cash App.
Square has introduced a feature allowing sellers to convert USD to Bitcoin using Cash App, potentially driving Bitcoin adoption.
Block has integrated Bitcoin conversion for Square sellers via Cash App, allowing millions to easily convert sales into BTC.
Square's Cash App now allows some users to convert a portion of their dollars into Bitcoin, with a 1% flat conversion fee.
Block has introduced a feature allowing Square sellers to automatically convert their daily sales into Bitcoin via Cash App.
