Blockchain Bites: Square’s $50M BTC Investment, MetaMask’s 1M Users, BitMEX’s...

Blockchain Bites: Square’s $50M BTC Investment, MetaMask’s 1M Users, BitMEX’s...

Square became the latest publicly traded firm to pile cash reserves into bitcoin while members of BitMEX's founding team resign.


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Almost 80% of Square’s Cash App Q3 revenue was from Bitcoin

Square’s Cash App has increased Q3 Bitcoin revenue by 1,100% after more than $1.6 billion Bitcoin was purchased by users Cash App, the Bitcoin-friendly mobile payments app from U.S. financial services firm Square, has reported Bitcoin (BTC) has overtaken all other revenue sources, making up almost 80% of its entire revenue in the third quarter.In Square’s third-quarter report, Cash App’s Bitcoin-derived revenue of $1.63 billion in Bitcoin marked a massive increase of more than 1,100% when compared to the same period in 2019. Bitcoin revenue was by far the largest component of Cash App’s....