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Square Buys Up $50M In Bitcoin

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Square , the FinTech payments company headed by Twitter CEO Jack Dorsey, announced on Thursday (Oct. 8) that it has invested $50 million — approximately 1 percent of its total second-quarter assets — to purchase roughly 4,709 bitcoins. “We In both cases, the purchases amount to a long-term bullish bet on bitcoin.

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Bitcoin Rally Here to Stay – Or Fleeting?  

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Amid the rallies that have marked all manner of asset classes in 2020 – where things hummed along to start the year, turned sour in the spring and then rebounded (nay, roared) into the waning months, bitcoin stands out. But now, at least some asset managers have been embracing bitcoin as a hedge against currencies and gold.

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Bitcoin Daily: BlockFi, Visa To Offer Card With Bitcoin As Rewards; Crypto-Based Event Aims To Raise $1 Million For Charity

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Visa has partnered with BlockFi to launch a credit card that offers bitcoin rewards rather than travel points or cash back, according to an announcement. The BlockFi Bitcoin Rewards Credit Card , which will be available in the spring of 2021, will give 1.5 The card carries a $200 annual fee.

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Bitcoin Daily: Nike Offers Crypto Rewards For Online Purchases; BlockFi Teams With Bitcoin Mining Pool On Lending, Financial Services

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Plutus , a British FinTech startup, is providing rewards via its credit card to customers who buy from the eCommerce store of Nike , Cointelegraph reported. Users have to utilize the Plutus Visa card as they shop through the web to get the benefit. Poolin, for its part, is said to be the second-biggest bitcoin mining pool.

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Ternio CEO: Crypto’s Transformation Will Come From The Fed, Not Bitcoin

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At a time when 90 percent of Americans have never owned bitcoin and nearly 70 percent say they have no plans to do so in the future, the thought of widespread adoption and usage of cryptocurrency seems to be a distant prospect for most people. Bitcoin is awesome. Ternio CEO Daniel Gouldman , however, is not one of them. “I Baby Steps

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PayPal’s Bitcoin Backing Proves Crypto Is Ready For Prime Time (And Grandma)

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When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Bitcoin is like a [crypto] 101 version. You Can’t Spend It. Privacy And Security.

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Bitcoin Daily: Canaan Reports $148.6M In Losses For 2019; Shopping App Fold Signs On To Visa Fast Track Program

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Canaan Creative , the Chinese bitcoin miner maker, registered a net loss of $148.6 exhashes per second that comprised for approximately 20 percent of the computing power growth of the bitcoin network in 2019. Fold will now have the ability to provide a co-branded Visa card that lets consumers receive bitcoin rewards via Fast Track.

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