Square

Hedera Network, along with Archax and Ownera, has facilitated the tokenization of BlackRock’s ICS US Treasury Fund, albeit without direct involvement from BlackRock. Despite a significant market response, clarity was restored after BlackRock confirmed its lack of direct participation, impacting Hedera’s (HBAR) cryptocurrency prices. A spokesperson from BlackRock has clarified, as reported by PANews via Binance News, that BlackRock did not play a direct role in the decision made by Archax and Ownera to tokenize BlackRock’s ICS Treasury Fund using…

April 16th, 2024 –– Web3 App Store Magic Square has announced its integration of the 1inch Swap API, and with it, the launch of a $SQR Swap Competition valued at $25,000 – designed to reward users for their active participation and transactions. The integration brings to Magic Square users the unrivaled swap conditions offered by 1inch, which supports 12 networks and boasts over 380 liquidity sources. Responsible for more than 30 million total swaps and a volume exceeding 300 billion,…

Road Town, BVI, March 25th, 2024, Chainwire Following its acquisition of TruePNL earlier this year, Magic Square, the Binance Labs backed Web3 app store, has launched a staking program for holders of its $SQR token. This initiative aims to enhance the utility of the $SQR token and incentivize the Magic Square community to support the ecosystem’s growth. Token holders can earn an Annual Percentage Rate (APR) by staking their $SQR tokens across various pools, with reward rates varying by pool.…

Jack Dorsey's Block promised to be at the forefront of Bitcoin innovation. Now, they are starting to deliver. Cash App finally confirmed free and free and instant Bitcoin transfers anywhere in the world. Block (formerly Square) finally integrates the Lightning Network with its Cash App. A feature promised back in 2019 will soon be available to all U.S. users. Users will soon instantly send Bitcoin to any wallet that can accept Lightning Network payments. This includes wallets such as Chivo,…

After stepping down as Twitter’s CEO, rumors flourished about Jack Dorsey doubling down on building the Bitcoin network. Greater evidence of those suspicions has just emerged.  Dorsey’s digital payments company “Square” just announced a Facebook-esque rebranding to “Block”. The Bitcoin community has interpreted this as a public commitment to Bitcoin's “blockchain”. Square Goes Three-Dimensional The financial services company revealed its new name in a Twitter thread earlier today. Apparently, the company is preparing to give “the full square brand” to…

Bitcoin-loving-billionaire Jack Dorsey is working on more projects to help protect and scale Bitcoin. His financial services company “Square” might start building consumer-friendly mining machines for use by the general population. Making Bitcoin Mining Accessible Dorsey announced his company’s plans over Twitter earlier today. He followed with a long thread explaining the current problems in the mining industry and why it needs reconstruction. [caption id="" align="aligncenter" width="911"] Jack Dorsey, CEO of Twitter and Square. Source: New York Times[/caption] Twitter's CEO…

A decade into their existence, cryptocurrencies are starting to come into their own. For long shunned as a fad that would pass with time, they've withstood the skepticisms to gain currency in financial conversations. Today, they attract the attention of individual citizens and corporations that had dismissed them before.  2021 has witnessed a significant jump in the crypto holdings of fortune 500 companies, with some indicating a willingness to buy further into the sector. The question is, which companies have…

On Sunday, Square announced that it has plans to buy Afterpay, an Australian fintech company. The company centers around allowing customers to make payments in four-free installments, and if they miss an automatic payment, they pay. Over the 16 million customers Afterpay has access and manage their installments over the Square Cash App. However, it is still not possible until the final transfer takes place over the first quarter of 2022. Square is Advancing its Payments Option Square, founded by…

Earlier this week, the CEO of Tesla said his company would no longer accept payment for cars in Bitcoin, which led to its price crashing and took down other cryptos with it. A day after, Square also revealed it did not intend to purchase more Bitcoin from its corporate treasuries after losing 20 million dollars on its $220 million investment last quarter in the cryptocurrency. Mr. Musk said the environmental issues of cryptocurrency were too strong, but he did not…