News with the tag "Cashapp"

Block is looking to channel funds toward Bitcoin mining initiatives and Bitkey wallet growth.

Despite a sharp rise in cryptocurrency ownership in 2024, the adoption of crypto as a payment method remains sluggish, especially in the US.

Internal documents allege Block's involvement in terrorist crypto transactions and Square's handling of transactions violating sanctions.

Internal documents allege Block's involvement in terrorist crypto transactions and Square's handling of transactions violating sanctions.

Block reported significant Bitcoin sales via mobile Cash App in 2023, generating $205M gross profit and $9.5B revenue.

The company’s Bitcoin revenue surpassed $2.4 billion last quarter.

"The year-over-year increase in bitcoin revenue and gross profit was driven by an increase in the quantity of bitcoin sold to customers," the firm said.