Jack Dorsey’s Square has revealed its Cash App has seen bitcoin-related revenue rise 200% year over year to $2.72 billion, up from $875 million, while bitcoin gross profit jumped from $17 million to $55 million.
Moody’s has downgraded El Salvador’s rating and continued to have a negative view on the country’s economy partly because of the government’s law that will make Bitcoin legal tender there.
Wealthfront has started to integrate cryptocurrency-related offerings to its robo-advisory offerings, starting with a pair of Grayscale funds.
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Top stories in the Crypto Roundup today:
- Square’s Cash App Bitcoin Revenue Rose 200% in Q2
- Moody’s Downgrades El Salvador’s Rating Partly Over Bitcoin Bill
- Wealthfront Adds Crypto-Related Funds to its Robo-Advisory Offerings
- Daily Movers – LTO, LUNA, KAVA
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