Cash App

Jack Dorsey’s fintech company Block Inc (NYSE: SQ) is responding to a Thursday short report issued by Hindenburg Research that accuses Block of misleading investors and taking advantage of the people it claims to help. Block Says Short Report 'Misleading':...

Block Inc (NYSE: SQ) reported a total of $1.83 billion in Bitcoin (CRYPTO: BTC) revenue generated through its Cash App unit during the fourth quarter of 2022, a decrease of 7% year-over-year. What Happened: Cash App reported $35 million in Bitcoin gross profit in the fourth quarter, a 25% year...

After locking in the worst performance of any stock under Baird's coverage umbrella in 2022, Block Inc (NYSE: SQ) could be positioned to outperform in 2023.  What Happened: Baird on Tuesday upgraded Block from Neutral to Outperform and raised the price target...

Block Inc (NYSE:SQ) founder Jack Dorsey confirmed to venture capitalist Vinod Khosla on Monday that the fintech company is on its way to being among the largest "bank-like" institutions in terms of account holders. What Happened: Khosla had posted a link to a Wall Street Journal and said that Block...

Jack Dorsey-led Block Inc's (NYSE:SQ) Cash App generated $37 million of Bitcoin gross profit in the third quarter of 2022, where its overall gross profit came in at $783 million.  What Happened: This implies Bitcoin contributed nearly 4.7% to Cash App's gross profit in the third quarter. On a year-...

'Buy now, pay later' company Afterpay Ltd — owned by Jack Dorsey's Block Inc (NYSE: SQ) — and Westpac Banking Corporation (OTC:WEBNF) have ended their partnership after the Australian payments firm rolled back a smartphone app it was...

Financial company Block Inc (NYSE: SQ) reported second-quarter financial results after the market close Thursday. Here are the key highlights for investors and details on how Bitcoin (CRYPTO: BTC) impacted the results. What Happened: Block Inc, which changed its name from Square in December,...

Cathie Wood-led Ark Investment Management exited out of PayPal Holdings Inc (NASDAQ: PYPL) as it sold its last 100 shares on Feb. 17 this year.  The investment firm is instead betting on the Jack Dorsey-led Block Inc (NYSE: SQ) and the company’s Cash App. Speaking to CNBC at the Miami...

Tennis superstar Serena Williams has partnered with Block Inc’s (NASDAQ: SQ) Cash App to help build financial access to Bitcoin (CRYPTO: BTC). What Happened: The Jack Dorsey-led company announced the partnership at the Bitcoin 2022 conference in Miami on Thursday. “It’s...

Payments company Block Inc (NASDAQ: SQ) reported nearly $2 billion from Bitcoin (CRYPTO: BTC) revenue alone — but Bitcoin gross profit was only 2% of that figure. What Happened: In its fourth-quarter and full-year financial results reported on Thursday, Block said its Bitcoin revenue in...

Financial technology company Block Inc (NYSE: SQ), formerly known as Square, reported fourth-quarter and full-year financial results after market close Thursday. What Happened: Block reported fourth-quarter revenue of $4.08 billion, up 29% year-over-year. The total came in ahead of a consensus...

Block Inc.-owned (NYSE: SQ) crypto-friendly financial services app Cash App led by former Twitter CEO Jack Dorsey just rolled out support for the Bitcoin (CRYPTO: BTC) lightning network, enabling free and near-instant BTC transfers. What Happened: In an announcement...

Beginning with a tweet in 2019, athletes have been publicly interested in receiving a portion of their salary in Bitcoin (CRYPTO: BTC). The number of athletes receiving a portion of their salary continues to rise. Here is a list of several major athletes that receive a portion of their salary in...

A new tax law that took effect at the start of 2022 is not being welcomed by users of mobile payment services. What Happened: Starting this year, the IRS is requiring mobile payment apps such as Zelle, Block Inc.'s (NYSE: SQ) Cash App and Paypal Holdings Inc.'s (...

Block Inc’s (NYSE: SQ) Cash App users can give the gift of Bitcoin (CRYPTO: BTC) to their loved ones, this holiday season. What Happened: Cash App said in a tweet Tuesday that users can send as little as $1 in stock or BTC. With Cash App, you can now send as little as $1 in stock or bitcoin....