Block’s Q1 Bitcoin Revenue Rises 18% From Q4, Gains 25% From a Year Ago
The company booked $50 million in bitcoin gross profit in the first quarter..
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May 4, 2023 at 8:56 p.m. UTC
May 4, 2023
Cash App
Block’s Q4 Bitcoin Revenue Fell 7% Year Over Year to $1.83B
For the full year, Block’s bitcoin revenue declined 29% from 2021 due to the fall in the price of bitcoin, the company said.
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Feb 23, 2023 at 9:36 p.m. UTC
Feb 23, 2023
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Jack Dorsey's Block Sees Drop in Bitcoin Revenue as Consumer Demand, Crypto Prices Slump
Block cited declines in consumer demand and the price of bitcoin for its bitcoin-based revenue decline.
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Nov 3, 2022 at 8:38 p.m. UTC
Nov 3, 2022
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Bitcoin: When Lightning Strikes
Lightning Labs Director of Business Development Ryan Gentry, Blockstream's Lightning Protocol Engineer Lisa Neigut and Miles Suter, Crypto Product Lead at Cash APP join Consensus 2022 to introduce the Lightning project. Moderator: George Kaloudis, Research Analyst, CoinDesk
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Aug 4, 2022 at 6:46 p.m. UTC
Aug 4, 2022
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Block Sees Bitcoin Disrupting Payments Networks, Expects Self-Custody to Grow
CFO Amrita Ahuja said the crypto could become a "global currency for the internet."
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May 18, 2022 at 4:29 p.m. UTC
May 18, 2022
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Block’s Stock Would Shine if It Not for Its Link to Bitcoin, Mizuho Says
The company's fundamentals are improving, the investment bank said.
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May 12, 2022 at 4:35 p.m. UTC
May 12, 2022
Block's Cash App Rolls Out Service to Automate Getting Paid in Bitcoin
Users will be able to invest a percentage of their paycheck in the cryptocurrency.
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Apr 7, 2022 at 2:15 p.m. UTC
Apr 7, 2022
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How Shake Shack Is Trying to Capture Younger Consumers by Offering Bitcoin Rewards
In a promotion intended to attract younger customers, burger chain Shake Shack is offering customers 15% back in bitcoin on any purchase made with Cash Card, a debit card available to Cash App users.
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Mar 4, 2022 at 8:36 p.m. UTC
Mar 4, 2022
Block Tops Q4 Estimates, Posts Nearly $2B in Bitcoin Transactions
The payments firm formerly known as Square took note of a slowdown in business in January due to the Omicron variant, but a growth recovery thus far in February.
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Feb 24, 2022 at 10:34 p.m. UTC
Feb 24, 2022
Block’s Cash App Is Finally Integrating the Lightning Network
First promised back in 2019, Block’s move will allow users to quickly send bitcoin to each other for free,
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Jan 18, 2022 at 4:31 p.m. UTC
Jan 18, 2022