Square crypto assets

More and more companies are starting to allocate cash to digital assets and cryptocurrencies as part of their corporate treasury strategy. Crypto as an asset class is here to stay, and a new financial system based on crypto is emerging. Corporations are starting to view Bitcoin and crypto as a store of value and a way of diversifying treasury portfolios in a challenging economic climate. In a recent study, Fidelity Digital Assets discovered that seven out of every 10 institutional investors surveyed plan to invest in digital assets in the next five years. Cryptocurrencies are a hedge against possible inflation and depreciation of the dollar.

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Content:

• Square releases white paper for DEX to allow exchange of crypto, fiat and more
• Jack Dorsey chases crypto, fintech dream post Twitter
• Infrastructure for Crypto-Assets
• CBA to add crypto to its banking app
• ‘Can’t be ignored’: Hostplus, Square Peg open to crypto investments
• Crypto Update: Jack Dorsey’s Square Publishes Whitepaper for Decentralized Bitcoin Exchange
• ARK Investment ups stake in Square following crypto product plans
• 4 Stocks for Crypto Exposure

WATCH RELATED VIDEO: INVESTING LESSONS, ODELL’S BITCOIN CONTRACT, \u0026 TESLA STOCK

Square releases white paper for DEX to allow exchange of crypto, fiat and more

Hello and welcome to Protocol Fintech! Bitcoin Jack is at the wheel Jack Dorsey is leaving Twitter. That means more time to spend on Square, where he can feel free to crypto to his heart's content.

Under Dorsey, Twitter kicked off initiatives to research decentralized social media, and even hired a head of crypto recently. Dorsey, meanwhile, has been increasingly vocal about his obsession with bitcoin and has focused Square clearly on crypto — where the technology is a better fit anyway.

The only thing that seems to have changed is whether Twitter fit in that picture. Dorsey has increasingly steered Square into crypto territory.

While other fintech companies are happy to just tack on crypto trading, Square has gone much deeper. Square already has a large, traditional payments business throwing off cash from traditional fiat transactions. Steering the ship toward crypto may be tough. With the Twitter millstone lifted from his neck, Dorsey is likely to become even more of a crypto personality. If anything, the Twitter move is a signal that Square had best rebuild itself around crypto before its fickle leader jettisons it in favor of an even more crypto-forward vessel.

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Here's how the industry Scrooged itself out of a big opportunity. Reserve your spot now. This hack is an example of it. Everyone is learning here, and they definitely are still a ways off from truly understanding. I've been watching carefully the emergence of blockchain and digital asset technology. Those types of technologies can efficiently and rapidly expand to a global market and will help ensure that what we do facilitate private securities trading reaches that global market.

But that technology trend has been on its own track and has been trying to get traction and is really just starting to gain acceptance by governments and regulators all around the world. I've been watching fintech for 15 years and what bothers me today is related to the gig-economy phenomenon. When I see the exploitation of consumers around things like surge pricing, it really bothers me.

I understand that there is some relationship between supply and demand, but I just don't see a world where people accept surge pricing indefinitely. I have a recreational infatuation with motorcycles of all kinds, from big cruisers to hogs to race bikes. I'm on a motorcycle every weekend. Revolut is acquiring Nobly. The digital bank said the point-of-sale software company will help it expand in the restaurant and hospitality sectors. Mastercard and Jeeves formed a partnership focused on Mexico.

The payments giant has teamed up with the Mexico-based expense management and banking company to launch a multicurrency card. Sherrod Brown has asked for information from stablecoin issuers. Mark Cuban and Kevin Hart invested in Jackpocket. Update: An earlier version of this newsletter misidentified an investor in Jefa.

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Square now has a full-time CEO. What does that mean for its crypto strategy? In July, Square said it was working on a hardware wallet. TBD aims to build future-looking crypto services, such as the recently announced tbDEX , a decentralized bitcoin exchange that enables people to transact using different levels of identity verification, which could be very low or very high depending on individual preferences, or legal or regulatory issues.

Ironically for a decentralized technology, exchanging crypto for fiat often goes through centralized exchanges like Coinbase. Expect more broad, industrywide attempts from Square to make the company more of a crypto leader. What about the rest of Square, which includes payment processing, lending and payroll?

Any of those services could include crypto — but should they? One scenario: Square uses its existing payments business to fund crypto moonshots until they become self-sustaining. What fintech trend is most troubling for you? What's your favorite pastime that doesn't involve a screen?

Need to know Revolut is acquiring Nobly. Recent Issues. PayPal changed the world. Now the world is changing PayPal. February 02, Solana Pay could solve the crypto payments puzzle February 01, LendingClub rode the fintech wave.

Did it have to come crashing down? January 27, Ripple makes a contrarian move in the face of the crypto meltdown January 26, See more.

Jack Dorsey chases crypto, fintech dream post Twitter

Monika is a tech journalist. She is an avid reader fascinated by classic English literature and enjoys painting and cooking. When her head is not buried behind a book, she writes about technology like cryptocurrency, blockchain, AI and more. By Monika Ghosh. Share on twitter Share on linkedin Share on facebook Share on telegram Share on whatsapp Share on line.

Infrastructure for Crypto-Assets

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CBA to add crypto to its banking app

JavaScript is required for full functionality of this site. Learn how to enable JavaScript in your web browser. For a company that is building products based on a more inclusive future, this investment is a step on that journey. Square has previously invested in bitcoin from a product, leadership, and legal innovation perspective, and today adds this financial investment. The company launched bitcoin trading in with Cash App, which enables the buying and selling of bitcoin.

‘Can’t be ignored’: Hostplus, Square Peg open to crypto investments

The metaverse was a hot topic in , inspiring a lively global conversation first about what the metaverse is and then about what sort of business opportunities it presents. Against this backdrop, Facebook changed its name in October to Meta, serving as evidence that the concept is not a mere buzzword but here to stay. I attribute this in large part to advances in extended reality XR technology, the increasing prevalence of the cloud and 5G, more sophisticated blockchain technology, and other technological evolutions that have taken place in a variety of fields over the past several years. That is because these advances are giving rise to services that fall under the metaverse umbrella. The metaverse will likely see a meaningful transition to a business phase in , with a wide range of services appearing on the scene. As this abstract concept begins to take concrete shape in the form of product and service offerings, I am hoping that it will bring about changes that have a more substantial impact on our business as well.

Crypto Update: Jack Dorsey’s Square Publishes Whitepaper for Decentralized Bitcoin Exchange

David Z Morris. David Z. He holds Bitcoin, Ethereum, Solana, and small amounts of other crypto assets. As we wrap up a year jam-packed with high-profile adoptions of crypto by big players, yesterday may have given us the concluding exclamation mark. You can subscribe to get the full newsletter here. Dorsey has spent the last five-odd years fascinated with cryptocurrency and blockchains, primarily Bitcoin. He has heavily promoted and supported the development of the Bitcoin Lightning Network, and supported Bitcoin developers directly through a unit called Square Crypto which will now be renamed, rather awesomely, Spiral.

ARK Investment ups stake in Square following crypto product plans

If bitcoin payments ever become real, Jack Dorsey and his team at Square will probably have something to do with it. Despite the explosion of new interest in cryptocurrencies over the past year, everyday payments with bitcoin have never really become a reality. But Square, which was one of the earliest of the major financial services companies to introduce bitcoin capabilities, wants to make the user experience of its bitcoin wallet simple enough to scale what has so far been quite complicated. To do that, Square is leaning on its original approach of helping people complete sales and move money, rather than bucketing itself as a card reader or a software company.

4 Stocks for Crypto Exposure

The notice provides guidance on securities law requirements applicable to platforms whether trading crypto assets that are securities or derivatives, or contractual rights or claims to underlying crypto assets such as bitcoin or ether. The notice also outlines interim approaches that may be available to CTPs, that are intended to foster innovation and provide flexibility, while ensuring the CTPs operate in an appropriately regulated environment. In addition, the notice provides an overview of key risks related to CTPs and areas where requirements may be tailored, provided that key risks are addressed and investor protection is not compromised. The CSA is aware of CTPs seeking to become reporting issuers through an initial public offering or through reverse take-overs, changes of business, Capital Pool Company qualifying transactions or similar transactions. There are potential public interest concerns with a CTP that is required to be registered, but that is not, becoming a reporting issuer.

Credit: Arsineh Houspian. Mr Sicilia said the key questions for investors in crypto were what problem was trying to be solved, how stable the currencies are and how sustainable they are from an environmental perspective. Hostplus is one of the biggest investors in venture capital in the country. The real issue is having a look directly at where the world is going and then putting calculated lumps of money — calculated bets, if you like — in those directions and less in areas that are not going to move the dial for us. Cryptocurrencies have surged in value during the coronavirus pandemic, in part due to increased interest from traditional investors. Excitement over the asset class has spread to the superannuation sector, with BTC Markets reporting a five fold increase in SMSF customers who have started investing in the asset class through their super funds.

Campbell is a journalist for ZDNet, covering technology's impact across the gamut of government, law, and regulation. Australian Treasurer Josh Frydenburg has announced a slew of regulatory proposals covering cryptocurrency, digital wallets, and buy now, pay later BNPL. Given the changing landscape, Frydenburg said the federal government would respond to all 41 recommendations across the three reviews. The reforms will look to give Treasury expanded powers in overseeing payments policy and addressing emerging and future gaps in the payments regulatory framework.