Block, Inc. settles a $40 million fine with New York regulators over Cash App’s anti-money laundering failures, addressing critical compliance gaps.
Cash App
CashApp’s Bitcoin Drought Spark Supply Shock Buzz
Is a Bitcoin supply shock imminent? CashApp reportedly ran out of Bitcoin, sparking discussions on the token’s supply and its future implications. As the dominant crypto surges to an all-time high, the much-talked-about “supply shock” has started making the rounds. Market observers are particularly sensitive to this phenomenon, given that the upcoming halving is just […]
Here’s How Bitcoin Transactions Are Supported On Cash App Through Lightning Network
The first cryptocurrency ever created, Bitcoin [BTC], went on to become more of a store of value than a payment method. However, it became much simpler to use Bitcoin as a payment method after the Lightning Network was included. The Jack Dorsey-developed Cash App has consistently supported Bitcoin throughout. The platform then continued to make […]
Bitcoin’s LN integrates with Block-owned Cash App for US users
Leading payment service provider, Cash App announced bringing Bitcoin’s Lightning Network into its fold thus enabling U.S. users to send bitcoin to anyone in the world. Although an official announcement from Cash App is yet to come, the payment app revealed that the rollout is expected to be complete over the coming weeks, targeting all […]
Square’s Profits Shoot up as Bitcoin Trade Becomes Ace Up Its Sleeve
Cryptocurrency-based companies have enjoyed unusual success over the past few months, especially with the advent of Bitcoin’s price rise. This unprecedented success rate could also be attributed to more and more people entering the digital asset industry. Square, the payment services provider founded by Twitter CEO Jack Dorsey recently revealed its 4th quarter earnings for […]