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Cash App Bitcoin Revenue Rose 200% In Q2 As Demand Grows

Bitcoinist 03 Aug 2021
Square’s Cash App has reported that the platform saw a 200% increase in Bitcoin revenue. This comes despite Square suffering a $45 million impairment from its Bitcoin investment ... While bitcoin gross profit went from $17 million to $55 million in the same time period. The increase was mainly due to the price increase of bitcoin year over year ... Seeing bitcoin demand rise exponentially as more investors got into the market.

Bank of America Sees Benefits in Adopting Bitcoin as Legal Tender in El Salvador

Bitcoin 03 Aug 2021
Bank of America has outlined some benefits to be had from adopting bitcoin as legal tender in El Salvador ... Bank of America Highlights Opportunities Bitcoin Brings to El Salvador as Legal Tender. Bank of America (BOA) outlined some potential benefits in El Salvador adopting bitcoin as legal tender in a report published last week ... Chainbytes and Athena >Bitcoin.

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# Name Price Volume (24h) % Change (24h)
1 Bitcoin (BTC) $ 9379.51121871 29291234397.1 -2.12 %
2 Litecoin (LTC) $ 68.6382381813 5720089694.18 -1.62 %
3 Ethereum (ETH) $ 181.975638826 11767008363.1 -0.48 %
4 Veritaseum (VERI) $ 18.45 0 0.00 %
5 EOS (EOS) $ 4.206085936 3774755482.59 -0.25 %
6 Centra (CTR) $ 0.01471 0 0.00 %
7 DigiByte (DGB) $ 0.0062005626 942236.540577 0.00 %
8 AdEx (ADX) $ 0.05420 88877.21 -1.21 %
9 Humaniq (HMQ) $ 0.004962 14208.2208233 0.00 %
10 Private Instant Verified Transaction (PIVX) $ 0.2293 734764.276735 -3.14 %
11 XRP (XRP) $ 0.2412959304 1903216173.21 0.88 %
12 Bitshares (BTS) $ 0.0211442821 3198719.09431 -1.80 %
13 BitSwift (SWIFT) $ 0.4051 0 0.00 %
14 OmiseGo (OMG) $ 0.9035012009 73564679.2141 2.52 %
15 Sphere Coin (SPHR) $ 0.06553 0 0.00 %
16 Ethereum Classic (ETC) $ 11.5038562535 2965506879.02 -0.61 %
17 NEM (XEM) $ 0.0454819175 29553422.0555 0.00 %
18 Rivetz (RVT) $ 0.007995 9993 -20.90 %
19 MaidSafe Coin (MAID) $ 0.1110 1367484.96476 -0.32 %
20 FunFair (FUN) $ 0.003110 659876.996354 -2.81 %
21 Paragon (PRG) $ 0.01592 362.34112 -12.81 %
22 Stratis (STRAT) $ 0.3037 985978.792886 -0.12 %
23 NavCoin (NAV) $ 0.1015 659640.563461 -1.83 %
24 Rise (RISE) $ 0.002627 44551.98061 3.45 %
25 Verge (XVG) $ 0.0037872163 759364.83599 5.08 %
26 Reddcoin (RDD) $ 0.0007190 40259681.7228 25.00 %
27 TenX (PAY) $ 0.05483 456707.500823 -0.13 %
28 Waves (WAVES) $ 0.8912100364 82970286.3014 1.84 %
29 Lisk (LSK) $ 1.0365054837 6082448.73385 6.17 %
30 KickCoin (KICK) $ 0.0000969519 57571.4577545 5.26 %
31 Monero (XMR) $ 72.1346716882 107010674.883 0.86 %
32 Komodo (KMD) $ 0.6368109417 2702396.03471 3.95 %
33 BitcoinDark (BTCD) $ 22.00 0 0.00 %
34 Dash (DASH) $ 129.41 44110.8016989 2.43 %
35 Gnosis (GNO) $ 15.82 542.73541475 -0.64 %
36 Populous (PPT) $ 0.5442 589469.581183 5.01 %
37 NEO (NEO) $ 11.5080200258 470747259.833 7.02 %
38 BitConnect Coin (BCCOIN) $ 1.00 0 0.00 %
39 Tether (USDT) $ 1.0003916102 40283398497.6 0.00 %

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Cash App Bitcoin Revenue Rose 200% In Q2 As Demand Grows

Bitcoinist 03 Aug 2021
Square’s Cash App has reported that the platform saw a 200% increase in Bitcoin revenue. This comes despite Square suffering a $45 million impairment from its Bitcoin investment ... While bitcoin gross profit went from $17 million to $55 million in the same time period. The increase was mainly due to the price increase of bitcoin year over year.
Edit

Bank of America Sees Benefits in Adopting Bitcoin as Legal Tender in El Salvador

Bitcoin 03 Aug 2021
Bank of America has outlined some benefits to be had from adopting bitcoin as legal tender in El Salvador ... Bank of America Highlights Opportunities Bitcoin Brings to El Salvador as Legal Tender. Bank of America (BOA) outlined some potential benefits in El Salvador adopting bitcoin as legal tender in a report published last week.
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El Salvador’s Bitcoin bill has 5 key benefits, says Bank of America

Cryptoslate 03 Aug 2021
US financial services player Bank of America, one of the world’s largest banks, has come out in support of El Salvador’s Bitcoin bill in a note to clients last week ... “Using Bitcoin for remittances could potentially reduce transaction costs compared to traditional remittances channels,” said the Bank of America in the research note.
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On-Chain Expert Predicts $162K Bitcoin Peak This Cycle

NewsBTC 03 Aug 2021
Bitcoin continues to beat expectations this year ... The last two weekends have seen bitcoin prices adding at least $4,000 in the span of three days ... Now, on-chain expert Willy Woo was on the podcast What Bitcoin Did to talk about the price of bitcoin and give his predictions regarding the price ... Bitcoin To Reach New All-Time Highs, Market Strategist.
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Marathon Splashes $120 Million On Bitcoin Miners From Bitmain

Bitcoinist 03 Aug 2021
In a press release, Marathon Digital Holdings confirmed an agreement to buy 30,000 Bitcoin miners, at a total cost of almost $121 million, from Chinese manufacturer Bitmain ... On that, Bitcoin-bull Anthony Pompliano remarked that with this uptick in mining activity, the world’s strongest computer network will only get stronger with time.
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Polkadot Price Analysis: Will DOT correct lower than $18 after building $15 support

Cryptopolitan 03 Aug 2021
TL;DR Breakdown ... Polkadot Price Analysis. General price analysis. The DOT/USD trading pair is expected to push upwards until the $19 resistance ... Experiencing some slight losses in market leaders Bitcoin and Ethereum ... Mild fluctuations ... Source. TradingView ... You can check out our guides on Bitcoin Transactions, DeFi advantages, and Bitcoin Faucets.� ....
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Bitcoin closes strongest weekly candle since April

Bitcoin Warrior 03 Aug 2021
Bitcoin made gains of 12.5% last week and various analysts are ...
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SkyBridge Capital to offset carbon of its bitcoin holdings through credits purchase

The Block 03 Aug 2021
"We project that bitcoin mining will be fully renewable by the end of the decade," said SkyBridge founder and managing partner Anthony Scaramucci in the statement. "In the interim, carbon offsets represent an effective way to green the bitcoin network and facilitate adoption by ...
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Litecoin price analysis: LTC hovers near $140 as bulls ride ascending price channel

Cryptopolitan 03 Aug 2021
TL;DR Breakdown ... Litecoin had a mixed start to the day, which started rising early in the morning to an intraday high of $149.87 before reversing ... LTC/USD 4-hour chart ... Buyers are cashing in at the moment while Bitcoin dips below the 21-day moving average ... If Bitcoin does not rally, there will be high resistance to any significant move higher ... ....
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China's attempt to kill Bitcoin failed — Here are 3 reasons why

BitRSS 03 Aug 2021
Bitcoin’s hashrate recovery, steady peer-to-peer markets and the steady volume exhibited by Asia-based exchanges suggest that China’s attempt to ban BTC was ineffective ... .
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Where Are Bitcoin Prices Headed After Their Latest Pullback?

BitRSS 03 Aug 2021
Bitcoin prices fell below $39,000 today, declining more than 8% from yesterday's recent high. Where will the cryptocurrency go next? Several technical analysts offered their input ... .
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Bitcoin’s rally to $50,000 may have this roadblock in front of it

BitRSS 03 Aug 2021
... Bitcoin’s price inched above $40k last week.

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