Square posted a 45% increase in revenue, but lower-than-expected bitcoin revenue dampened analysts’ enthusiasm for the Q3 results.
Circle, which offers cryptocurrency-based payments for internet transactions, raised $440 million and is eyeing a potential SPAC deal.
An improving economy and a $170 million investment in Bitcoin drove payment provider Square’s revenue up 266% and profits up 79%.
PayPal reported its “strongest first-quarter results” in company history on Wednesday, posting $6.03 billion in revenue and a 46% increase in total payment volume.
Tesla is focusing on making more cars, securing battery cells and finishing gigafactories in Texas and Germany. The Semi is again in the background.
PayPal has enabled the ability for customers on Venmo to buy and sell cryptocurrencies within the app.
PayPal announced it will allow consumers to make online payments with cryptocurrencies through its Checkout with Crypto offering.
As cryptocurrencies gain in popularity, more e-commerce brands and payment platforms are incorporating the coins into their payment systems.
Can bitcoin be used as a recruiting tool for freight companies? Plus, meme stocks, Robinhood drama, Doge and more
Payment services provider Square posted 101% net revenue growth in 2020 over 2019 and 45% growth in net profit as it benefited from large growth in its Cash App division.
Andrew Cox and Seth Holm debate the big news in the retail space and compare which logistics companies have the best drop-and-hook practices.
As CEO Elon Musk tweets support for the meme-based Dogecoin cryptocurrency, Tesla disclosed Monday it has invested $1.5 billion in Bitcoin and will let customers use it to buy electric vehicles.
Andrew Cox and Seth Holm debate the resurgence of bitcoin and the value of buying new trucks as a fleet.
Charley Dehoney spoke with the founder of BasicBlock, a blockchain startup based in Nebraska. Here is the story of the company’s success to-date.
Author Ben Mezrich is no fan of Facebook CEO Mark Zuckerberg, who Mezrich says should focus on the truth in Facebook political advertising. Mezrich wrote the best-selling story of Facebook’s founding called “Accidental Billionaires.”
Roadblocks in building an urban warehouse footprint; Blockchain gets XI endorsement
Spanish capital Madrid is working on a blockchain-powered transport application that unifies all mobility systems across the city and provides high levels of data security to its users.
It appears that Chinese retail investors are moving capital out of the country in response to the devaluation of the yuan.
New York Times bestselling author, three-time Golden Globe winner, and eight-time Oscar nominee Ben Mezrich will join FreightWaves LIVE Chicago as a keynote speaker this November. Mezrich’s ability to dive […]
Minnesota’s Tom Emmer sees blockchain hype giving way to reality and more widespread use of the technology taking hold – as long as Congress helps clear a path.
The Department of Homeland Security is looking for some innovative companies to get them on a blockchain. Smart contract tendering—among other applications—should be readily achievable by a company with some sensible approaches.
Techpertise together with TMW Systems …We’ve known for years that public blockchains needed a second layer for throughput and privacy, but only now are solutions for the largest networks being built out and tested.
Audits of Bitcoin transactions make it clear that a significant percentage of transactions are related to illicit activity, and the FBI is on the case. New technologies like cryptocurrency tumblers and coins like Monero are making it harder on law enforcement.
Techpertise together with TMW Systems …We explore blockchain’s scalability challenges and some recent techniques that attempt to solve the problem, along with the tradeoffs involved.
SEC’s Jay Clayton has dismissed the idea of amending securities law to suit ICOs and mentioned that if IPO comes with a token it should be considered a security.
The top managers in the space are acknowledging that cryptos are a thing, but just how much of your net wealth should you put into them?
Uber AV kills pedestrian in Arizona; XPO Logistics takes its app to Europe; CSX has no apologies; China COSCO building methanol fuel plants in Louisiana; air cargo markets may see slower growth; Covenant stock hits a 52 week high.
While blockchain and Bitcoin were invented simultaneously, there are a lot of applications of blockchain technology in transportation and logistics that don’t depend on cryptocurrencies.
Thousands of European cryptocurrency debit card users were left in the lurch when Visa suddenly discontinued their services to crypto debit card issuer WaveCrest earlier this month.
The value of Bitcoin may fluctuate, but the level of energy consumption needed to mine the currency is shooting straight up. This begs the question- will countries with cheap electricity reconsider this as they are forced to look at dirty forms of power?
The value of Bitcoin may fluctuate, but the level of energy consumption needed to mine the currency is shooting straight up.
Could the bitcoin bust be good for blockchain technology?
By the first week of December, the DAT weekly spot market price for dry-van loads had reached $2.09 (including fuel surcharge) or almost 30% higher in just 9 months. This is an extraordinary, but what is more extraordinary is the fact that the trucking marketplace is more than 3 times the size of the Bitcoin market capitalization, which has grown 22% in 12 months.
Let go of your fear-of-missing-out (FOMO): the blockchain revolution is just beginning.
Just as people are getting used to the concept of blockchain and Bitcoin, now we have something called initial coin offerings (ICOs), which use cryptocurrencies to raise money. Sometimes called token sales or TGEs, they are becoming a popular way for companies, especially startups, to raise funds.
For the uninitiated, systems built on cryptocurrency can be unfathomably complex, with confusion exacerbated by their constantly changing nature. Unfortunately, in the world’s modern business climate, understanding these intricacies is critical to nurturing a thriving business. There may be no aspect of technology that is more greatly tied to this truth than that of smart contracts.
Bitcoin has been on a wild-ride and some people think the future is zero. This will be a good thing for commercial blockchain applications.
There is a new option that companies are flocking to quickly raise capital: an ICO – initial coin offering. But there are inherent risks in doing so, and they may be too great to overcome for transportation firms.
