Bitcoin Buyers Doubled In Q3 2019 For Square’s Cash App

Square’s Cash App reported a lot of new first-time Bitcoin (BTC) buyers but low profits related to its Bitcoin business, according to its Q3 2019 shareholder letter. On November 6, payment processing giant Square issued a letter to investors detailing the financial figures for Q3 2019. In which it announced that the total net income for its Cash App was $307 million. While the gross profit for Q3 resulted in $123 million. First-Time Buyers Of BTCs Nearly Doubled Cash App from Square saw $148 million in revenue from Bitcoin. However, during the third quarter of…

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Ukraine Cooperate with Binance for their Cryptocurrency

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Binance, the largest exchange, announced that it will cooperate with the government of Ukraine on the introduction of cryptocurrency and digital assets. In order to jointly establish the status of virtual currency and digital assets in the country, we signed a Memorandum of Understanding (MoU) with Ukraine’s “Ministry of Digital Transformation”. Binance and the Ministry of Digital Trasnformation are planning to set up a working group to regulate cryptocurrency and build a digital asset market. Regarding the transfer of ownership of assets using blockchain, Binance says it will develop a transparent…

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Coinbase Introduces Tezos (XTZ) Staking Reward Services to All US Customers

Coinbase, a United States-based cryptocurrency exchange and wallet service announcing today that it has expanded access for staking the cryptocurrency Tezos (XTZ). On November 6, Coinbase introducing staking rewards for all Tezos holders on Coinbase, so that each eligible U.S. customer can earn interest on their XTZ holdings for depositing and holding the token on the platform. Return For Tezos Staking Is Around 5% Staking lets user earn income from the crypto by participating in the network of a particular asset. When users stake thier crypto, they will make the…

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