Square allocates one percent of it’s total assets to BitcoinBTC $10,894(+2.5%) • ETH $349 (2.4%) • XRP $0.25 (+0.9%)
Square Inc. has announced today that it has purchased 4,709 BTC for approximately $50 million, allocating around 1 percent of its total assets as of Q2 2020 to Bitcoin. The payments company, founded by Twitter’s CEO Jack Dorsey, said that it intends to participate in growing Bitcoin’s adoption. 📈 Trending … DeFi Tokens • Oracle Tokens • Biggest Gainers • Stablecoins More news ⏬Solana announces Ethereum cross-chain bridge ‘Wormhole’Web-scale blockchain network Solana, which boasts over 2 billion transactions since its introduction in March 2020, announced ‘Wormhole,’ a secure, trustless bridge connecting Ethereum to Solana, in a release shared with CryptoSlate. Billionaire investor Chamath Palihapitiya doubles down on Bitcoin in CNBC interviewChamath Palihapitiya has become one of the most prominent investors of the past few years due to his use of special-purpose acquisition companies (SPACs). Chainlink oracles are now live on AdEx Network (ADX/USD) price feedsAdEx Network is going live on mainnet with a Chainlink oracle integration and the launch of a novel DeFi concept called “elastic token issuance,” it said in a release shared with CryptoSlate. NFT trend reaches new pinnacles as digital Bitcoin art garners coveted Christie’s auctionThe non-fungible token trend that has been sweeping across the crypto markets has been called a fad by many, but the recent listing of a Bitcoin-centric digital piece on a Christie’s auction seems to validate that digital artwork is real artwork – despite what many say. New Bitcoin addresses shoot “off the charts” despite price dropBitcoin’s price action has been tepid at best over the past few weeks due to a confluence of fundamental trends. Featured event
Virtual Blockchain Conference BlockDown is back for a third edition this Halloween (Oct. 22-23) with a host of the blockchain world’s biggest and brightest stars lined up to deliver ground-breaking keynotes and spark informed and fierce debate on the industry. Whilst the virtual conference space has been saturated in recent months, BlockDown Conference has consistently delivered the best content and is a must for any avid crypto enthusiast. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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Square allocates one percent of it’s total assets to Bitcoin