Tag Archives: Jack Dorsey

Jack Dorsey – the CEO of both Twitter and Square – has announced in the past that he’s a fan of bitcoin. It’s no secret that he respects cryptocurrency above all other financial entities, but to be fair, his explanations have always been rather brief and don’t contain much information.Jack Dorsey On Why He Has Such Belief in BTCToday, Dorsey – after referring to bitcoin as the best internet currency – revealed why he’s got such faith in the world’s number one cryptocurrency by market cap. In...

At the time of writing, bitcoin – the world’s number one cryptocurrency by market cap – is trading for just over $10,200, which means that it’s fallen a little further in the past 24 hours. Still, despite the bearish phase the cryptocurrency appears to be experiencing, many people seem to be remaining loyal to the asset, among them Jack Dorsey of both Square and Twitter fame.Jack Dorsey: Bitcoin Is the Most Viable CurrencyAs the CEO of two major companies, Dorsey has long been a top advocate...

Bitcoin’s newfound popularity is taking it to new heights. Square – a mobile payments company developed by Jack Dorsey of Twitter fame – has released a new cash app that allows users to instantly purchase bitcoin units.Square Puts Financial Power in Your HandsBitcoin has surged during recent weeks as people have sought new methods of hedging their wealth against inflation and other potential financial issues. There is great fear that the U.S. dollar and fiat in general is weakening following...

Jack Dorsey’s love letter to bitcoin fans isn’t the ‘poetry’ that everyone thinks it is. The Twitter CEO’s Square Cash app stands to benefit more than the average cryptocurrency user. Bitcoin’s ridiculously high transaction fees make it an implausible candidate for an everyday global currency. According to Twitter CEO Jack Dorsey, bitcoin is poised to become the native currency in a new global internet-based economy. But Dorsey’s latest love letter to bitcoin on a recent episode of the Lex...

Twitter and Jack Dorsey have long claimed to be advocates of both bitcoin and cryptocurrencies in general, but according to some leading members of the digital community, this may not be the case.Twitter Is Fighting Members of the Crypto CommunityMike Dudas – a tech investor and founder of crypto analysis website The Block – claimed that Dorsey is in the process of” shadow banning” him. In other words, Twitter doesn’t have the guts to tell him face-to-face that he’s being banned, and that his...

Square Bank will give loans to small business and corporations. It will also sell debts to third parties and engage in blockchain development.Twitter’s Jack Dorsey is a vivid supporter of Bitcoin as a technology. He was saying a lot of times that cryptocurrency is the future, pointing to the success of Bitcoin’s inception. The Federal Deposit Insurance Corporation (FDIC) initiated voting among the board members regarding Square. The company wants to put insurance on the holdings to loan. Per...

Bakkt closed a $300 million Series B fundraising round. The round was led by Microsoft’s M12, Pantera Capital. PayU and other prominent companies.Bakkt, the cryptocurrency derivatives exchange, has undergone series B funding. This was to the tune of $300 million. Sources say that the exchange involved many partners. Intercontinental Exchanges (ICE), which is Bakkt’s parent company, Microsoft‘s M12, Pantera Capital, PayU, CMT Digital, Boston Consulting Group, and Goldfinch Partners were among...

Is Twitter about to lose Jack Dorsey?Dorsey Could Be Forced from TwitterIf that’s the case, bitcoin’s price could suddenly shoot sky high. The situation is that approximately $1 billion in Twitter stock has been purchased by Elliott Management, a Wall Street investing firm run by Republican Paul Singer. Singer has often referred to bitcoin in a negative light, and recently called it one of the most “brilliant scams in history.”However, Dorsey – as we all know – feels very differently. Aside...

While the coronavirus fears are spreading in the U.S., many tech giants are under their influence as well. MSFT stock lost over 2% yesterday and continues falling in the premarket.Microsoft Corporation (NASDAQ: MSFT) reported that two of its employees in Washington state have been infected with the coronavirus.Meanwhile, Microsoft stock yesterday lost 2.51% and fell to the level of $166.27. The current market cap of the company is 1.26 trillion. In the premarket, MSFT continues falling while...

Jack Dorsey’s Square recorded more than $150 million in bitcoin revenue during the final three months of 2019. Dorsey and his company have long been hardcore bitcoin and crypto advocates, with Square ultimately forming its own digital asset division known as Square Crypto.Dorsey and Square Bring in Big BucksThe amount of BTC-based money recorded by Square is upwards of $178 million in total, while Square itself was able to pocket about $3 million in bitcoin revenue. That’s about a 50 percent...