Shares of Square Inc, which more than doubled in value last year, are still on a roll and show no sign of slowing down. Soaring about 50 percent.
A report revealed that shares of financial services and mobile payment company Square dropped Monday after a critical tweet by Citron Research, claiming the excitement for Square’s Bitcoin trading solution was exaggerated.
The incoming New York Fed Reserve Bank chief, John Williams, has stated that cryptocurrencies are not currencies as they do not meet the basic requirement of currency in any way and cannot replace the US Dollars.
This seems like a battle against free speech as Twitter Inc. suspends @Bitcoin, the Bitcoin Cash-promoting Twitter account, for the second time. This action has been attributed to Bitcoin's supporters.
Bitcoin, the most popular crypto asset lingers between losses and gains at the $8,000 level, as crypto investors consider the Twitter Inc ban on cryptocurrency ads.
One of the most prominent entrepreneurs in the Silicon valley - Jack Dorsey - said that Bitcoin would soon become the only one global online currency
A recent survey revealed that more than half of users of Square Inc.’s technology at the checkout stand are willing to accept bitcoin as a form of payment.