BLOCKCHAIN

 


Blockchains incorporate several important features such as immutability, encryption and distributed storage, which combined makes secure peer-to-peer transactions possible and in turn has created the means to end human dependence on credit and thus credit intermediaries. Due to these features, blockchain has been referred to as ‘the Trust Machine’ and is forecasted to transfer the trust from agencies and institutions which are enforced by law to machine-based networks guaranteed by technology and mathematics.

Square to Acquires 'Buy Now, Pay Later' Payment Company Afterpay for AU$39B
The digital commercial payment giant Square announced on Sunday to acquire the Australian payment platform Afterpay for 39 billion Australian dollars.
Despite $45M Square’s BTC Impairment Loss, Cash App’s Quarterly Bitcoin revenue has Tripled
Digital payment giant Square officially released the Shareholder Letter of Q2 2021 on Sunday. Its financial data for the quarter recorded the quarterly bitcoin revenue of its Cash App has tripled, despite the company's bitcoin holdings were devalued by $45 million.
Crypto Platform Matrixport under Bitmain Co-Founder Received $100M in Series C Funding,Valued over $1B
The Singapore-based Digital financial service platform Matrixport led by Wu Jihan, the co-founder of the world's top Bitcoin mining machine provider giant Bitmain mining, raised $100 million in Series C financing.
PayPal Expands Talent Hunting in Ireland to Speed up Crypto Development
Global Payment Platform PayPal speeds up to develop its crypto business. The company is seeking more crypto talent to join its team in Ireland, according to local media coverage Sunday.
PayPal to Launch Crypto Trading Next Month in the U.K.
Payment provider PayPal Holdings Inc. revealed the company is planning to develop the next market in The United Kingdom to provide its crypto trading services.
Colombian Bank Banco de Bogotá to Support Customers to Transfer funds to Crypto Exchange
Colombia-based commercial bank Banco de Bogotá will support customers to transfer funds to cryptocurrency exchanges for trading through its banking services.
MicroStrategy Continues to Invest in Digital Assets amid Holding 105,085 BTCs
The leading enterprise analytics platform MicroStrategy released its financial report for the second quarter of 2021 Thursday. The management is satisfied with its strategic investment in digital assets and will continue to deploy funds to invest in its "digital asset strategy."
Zero-commission Trading Platform Robinhood is Valued at $32B amid IPO Prices at $38 per Share
The popular stock and cryptocurrency platform Robinhood's IPO is valued at $38 per share at the low end of the previously estimated price range of $38-$42. The company's market value is up to $32 billion.
PayPal to Launch Crypto Wallet in Q3 This Year, CEO Reveals
Payment provider PayPal Holdings Inc. published its second-quarter financial report Wednesday. CEO of PayPal Dan Schulman said the company would launch a crypto wallet in the third quarter this year.
Genesis Digital Assets Raises $125M to Expand Bitcoin Mining Business
Digital asset lending firm Genesis Capital has raised $125 million in equity financing to expand its Bitcoin mining business, mainly in North America and Northern Europe.

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