U.S. payments processing company Square has announced that it is open-sourcing its Bitcoin (BTC) cold storage solution in an official blog post published today, Oct. 23. Cold storage refers to a method of keeping cryptocurrency holdings and users’ private keys offline in order to safeguard against theft via a remote attack. According to the post, Square’s solution, dubbed “Subzero,” uses a Hardware Security Module (HSM)-backed cold wallet for which the company has now released the code, documentation, and tools. Today’s post outlines that an HSM is a specialized hardware device that is used across the payments industry to “store sensitive …

Mobile payment company Square's Cash App has recently rolled out Bitcoin (BTC) trading in all 50 states, the firm confirmed in a Tweet August 13. According to the company’s announcement, Cash App users are now able to conduct Bitcoin buy and sell transactions in all the U.S. states. Square first launched Bitcoin trading on its app for a fraction of users back in November 2017. On Jan. 31, 2018, Bitcoin trading on Square’s Cash App was launched for almost all of its users, excluding those in New York, Georgia, Hawaii, and Wyoming. Co-founded nine years ago by Twitter CEO, Jack …

Twitter CEO Jack Dorsey’s payments service Square generated over $70 million in revenue from the cryptocurrency in Q2 2018, compared with $34 million for the previous quarter. Total revenue for the company for Q2 2018 was $814 million, according to the report. Square caused a stir in February when it rolled out Bitcoin buy and sell functionality to almost all users of its Square Cash app, with reactions suggesting clients had been waiting for the option for some time. “We support Bitcoin because we see it as a long-term path towards greater financial access for all. This is a small …

Financial services provider Square has received a BitLicense from the New York Department of Financial Services (NYDFS), according to a press release published today, June 18. As a result, Bitcoin (BTC) trading is now available to New York users of Square’s Cash App, according to Cash App’s Twitter. Cash App released a Bitcoin option at the end of January to almost all of its users, originally excluding those in New York, Georgia, and Hawaii. With Square’s Point of Sale (PoS) network, adding a Bitcoin option means that merchants using Square could potentially accept Bitcoin as a form of payment. The …

Cointelegraph will be live-streaming crypto and fintech conference MoneyConf in Dublin, Ireland as the event’s official media partners starting today, June 12. The conference – organized by the team behind annual tech conference Web Summit – includes speakers from across the crypto, blockchain, and fintech industries, including Ethereum (ETH) co-founder Joseph Lubin of ConsenSys, Square CFO Sarah Friar, and Overstock CEO Patrick Byrne. From the cultural side, musician Imogen Heap, also founder of music blockchain ecosystem Mycelia, will lead a panel titled “Is all fair in music and blockchain?” Today’s lineup kicks off with opening remarks from Paddy Cosgrave, the …

Clinkle Implodes As Employees Quit in Protest Of CEO Lucas Duplan, CEO of payment rewards startup Clinkle, allegedly withheld key information from company employees regarding a possible acquisition from Apple. As a result, several employees have left the startup. TechCrunch reported: “As suspicions of a hidden Apple offer swirled, Duplan fired the company’s CFO and VP of engineering, which is said to have been the last straw for quite a few employees. Duplan has tasked the remaining team with stopping development of Clinkle’s debit card product to pivot the company into a business to business API for payment reward.” Google's …