Coinbase’s “data plumber” denies storing users’ login credentials in plain text along with all the other allegations in a new class-action complaint.
Square, Inc. is a financial services and mobile payment company founded in 2009 by Twitter developers Jack Dorsey and Jim McKelvey and is headquartered in San Francisco, California. Square has various products for businesses and individuals. The most noticeable of them are Square Cash and Square Point of Sale (Square POS). The Square Cash app is a mobile payment service application that has recorded 7 million active users in February 2018. Square Cash enables fiat transactions to bank accounts and debit cards. Square Cash also offers Bitcoin purchases and transfer to other users. Square POS is an application for inventory management and business analytics. Square is available in Canada, Australia, the U.K., the U.S. and Japan. It has a strong financial performance and rates of growth, gradually expanding and acquiring new businesses.
A new class action alleges that Plaid, which Visa recently bought for over $5 billion, had unparalleled access to the financial information of millions of users.6691
Bitcoin and stocks are now on the menu for Cash App users wanting to minimize the “impact of market swings,” the payment network says.6316
Square’s Cash App and Grayscale absorbed over half of the Bitcoins mined in the first three months of 2020, according to a May 7 report.6154
Square reports that Bitcoin composed the bulk of Cash App’s revenue in the first quarter, though it added much less to profit.7114
Bitcoin shows signs it is vulnerable to a severe correction, Libra embarks on a massive U-turn to woo regulators, and Maker slapped with a $28-million lawsuit.12460
Square Capital is now authorized to provide small businesses with low-interest loans that can be 100% forgiven if used to cover approved costs.2939
Square has launched an online portal allowing U.S. citizens to divert their stimulus payments to its Bitcoin-friendly Cash App.10494
Who knew 140 characters would go this far?9118
Jack Dorsey, CEO of Twitter and Square, is campaigning for government to use Cash App and other payment platforms to distribute U.S. stimulus package.5319
Square, Inc. is forced to adjust first-quarter estimates by $800 million due to the coronavirus crisis despite Bitcoin’s growth.3486
Ethereum co-founder Vitalik Buterin and Tesla CEO Elon Musk want Jack Dorsey to stay as chief executive officer of Twitter.4606
Square Crypto is now revealing the criteria for its grants program that funds Bitcoin developers working on improving its privacy, usability, scalability and other features.3938
Well known activist investor Elliott Management has called for Jack Dorsey to be replaced as CEO of Twitter.5255
Multi platinum-selling artist Akon will launch his Akoin cryptocurrency on the Stellar network.4909