Block (XYZ) raises full-year outlook after Q2 gross profit jumps 25% YoY to $3.17B, driven by Cash App and Square growth, beating Wall Street estimates.
Sequans Communications reduced its Bitcoin treasury by 79.3% in Q2, selling 1,200 BTC to eliminate convertible debt and boost cash reserves to $21 million.
XRP funds led altcoin inflows for the fourth consecutive month in July, attracting $27.29 million, followed by Solana and Hyperliquid. This trend highlights a growing concentration of investor demand in a few top altcoins, while most other altcoin products struggle to attract sustained capital.
Block has agreed to a $45 million settlement with 46 U.S. states over allegations that its Cash App failed to adequately protect users from fraud, misleading them about its security features and making it easier for scammers to exploit the platform.
Cash App introduces a new mobile service, Cash App Mobile, integrated with its financial tools. The service, "Cash App Green and Families," offers unlimited 5G data, talk, and text on AT&T's network, aiming to provide financial flexibility and savings for users.
Eduardo Bolsonaro sugeriu que o Brasil negocie com os EUA sobre o Pix, mencionando o Zelle como um sistema similar. A declaração surge em meio a críticas americanas ao Pix, visto como barreira comercial.
Cash App is releasing a $25 NFC-powered wand that functions as a tap-to-pay device, linked to the Cash App Card. The gadget aims to make payments more visible and social, especially for events where using a phone is inconvenient.
Cash App by Block is offering a $25 physical "magic wand" that functions as an NFC-enabled payment device, linking to a user's Cash App card. The product aims to make digital payments more visible, fun, and expressive, drawing inspiration from a growing trend of whimsical payment tools.
Cash App now supports fee-free USDC stablecoin transactions on Ethereum, Solana, Polygon, and Arbitrum, automatically converting incoming USDC to USD balances, contrasting with Venmo's approach.
Block’s Q1 earnings beat estimates despite Bitcoin revenue falling 26% on changing Bitcoin “trading dynamics” and reducing fees on Cash App transactions.
Block's Cash App is launching financial accounts for children ages 6-12, allowing parents to create and manage accounts while children receive debit cards for spending. The accounts, which can receive P2P payments from approved users like grandparents and earn up to 3.25% interest, aim to teach financial responsibility. Children can "graduate" to their own Cash App accounts at age 13 with parent approval, gaining access to broader services including bitcoin and stock trading, which require adult supervision until age 18. Cash App currently has approximately 5 million monthly active teen users.
Cash App launched managed accounts for children ages 6-12 offering 3.25% APY on savings. Parents maintain full control, approving transfers from up to five trusted contacts. The accounts exclude Bitcoin access, which remains available for teen sponsored accounts ages 13+. The service is unavailable in New York.
Washington isn't trying to solve every crypto policy fight at once, but it appears to be carving out a workable path for one specific category of digital asset: the regulated, dollar-pegged stablecoin. The GENIUS Act established the first federal regulatory framework for payment stablecoins, and a bipartisan House tax discussion draft now proposes friendlier tax […] The post Congress on verge of making regulated dollar stablecoins act almost like digital cash appeared first on CryptoSlate.
