Square saw 1 million users buy bitcoin for first time during January’s upswing, CFO says

Square‘s Cash App platform saw a surge in first-time bitcoin buyers last month, CFO Amrita Ahuja told CNBC on Wednesday. “We had 3 million people transact in bitcoin through Cash App in 2020 and 1 million who were new to bitcoin in January [2021],” Ahuja said on “Squawk Alley,” just a day after her company […]

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Bitcoin bounces back, surging above $50,000 after more buying from Square

Bitcoin virtual crypto currency price is displayed on a phone screen in this photo. STR | NurPhoto | Getty Images Bitcoin’s price roared back Wednesday after a sharp sell-off, climbing above $50,000 again as Square announced it had purchased $170 million worth of the cryptocurrency. At 4 a.m. ET, the world’s most valuable digital coin […]

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Facebook, Google and Twitter CEOs will make another appearance before Congress in March

Combination of Mark Zuckerberg, CEO of Facebook, Jack Dorsey, CEO of Twitter and Sundar Pichai, CEO of Google. Reuters The CEOs of several big tech companies will again testify before Congress next month, this time to discuss misinformation on their platforms. Facebook CEO Mark Zuckerberg, Google CEO Sundar Pichai and Twitter CEO Jack Dorsey will […]

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Bitcoin breaks above $50,000: Here are nine of its best-known backers

Bitcoin rose above $50,000 on Tuesday for the first time, continuing a rally that has seen it rise nearly 900% since March last year. Sceptics of the cryptocurrency’s ability to go mainstream say it is rarely used for regular transactions and is too volatile to be a reliable store of value or hedge against inflation. […]

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