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Block’s Q422 Sees Strong Gains from CashApp and Square Despite Bitcoin Losses

Block Still Upbeat, Despite Lower Bitcoin Sales

Block, the online payments giant, announced a solid increase in sales and gross profit in the fourth quarter, as its mainstays, digital wallet CashApp and commercial payments platform Square, saw significant gains. Performance The company’s gross profit in the fourth quarter of 2022 was $1.66 billion, up over 40% from roughly $1.2 billion in the […]

KuCoin’s Sky-High Bitcoin Yields Draw Ire

On its Earn page, KuCoin has been promoting annual percentage rates (APRs) of 233.15% on deposits of Ethereum, 253.28% on Bitcoin, and 100% on Tether. There was a point when it seemed like the best strategy to stimulate the adoption of cryptocurrency yield products was to offer sky-high annual percentage rates on those products. That […]

MicroStrategy Boosts Bitcoin Holdings in Strong Q3 Report, Positioning for Future Growth

MicroStrategy, the world’s largest publicly traded corporation by Bitcoin holdings, has released its third-quarter 2022 report. The company, which is headed by eternal bull Michael Saylor, made the revelation, stating that it has yet to sell a single Bitcoin. According to public records, Saylor’s company purchased 301 Bitcoins for a total of $6 million in […]

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