Block’s Q422 Sees Strong Gains from CashApp and Square Despite Bitcoin Losses
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…
Crypto Sector Charges Like a Bull as Bitcoin Reaches New Highs, Investors Look for Ways to Profit
The crypto sector is charging like a bull this year, but don’t worry if you missed it, you can still try and grab one and go for the ride! Early this week, bitcoin reached a new high by almost touching $24,000. That was a level not seen since August! The reason for the strength is…
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…
