Square will make a hardware wallet for bitcoin, the payments company confirmed in a tweet on Thursday shortly before a senior US politician flagged growing risks posed by the cryptocurrency market.
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Payments firm Square’s deal to buy a majority stake in music streamer Tidal for $297-million could popularise blockchain or other new approaches to storing and buying online media.
Mastercard is planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support.
MicroStrategy has bought more bitcoin. The company paid $50-million for more of the world’s largest cryptocurrency at an average purchase price of $19 427, it said in a filing.
Fintech start-up Stripe is in talks to raise a new funding round valuing it higher than its last private valuation of US$36-billion, according to people familiar with the matter.
The board of Twitter expressed support for CEO Jack Dorsey on Monday and said it had confidence in the social media company’s “current structure”.
Deal value in the cryptocurrency world surpassed the total from 2019 in the first six months of the year as tie-ups became less frequent but bigger, according to PwC.
Twitter is encouraging all staff around the world to work from home where possible as the company looks to prevent the spread of coronavirus.
The Twitter CEO said in a post last week that he’ll spend three to six months somewhere on the continent next year. But investors have appeared less convinced of the executive’s intentions over the following days.
Jack Dorsey, the CEO and co-founder of Twitter, is headed to South Africa as part of a four-nation, month-long tour of the African continent.