Virgil Becher

Cash App, a peer-to-peer payments service that allows users to directly buy and sell bitcoin, generated $1.79 billion in bitcoin transactions and $41 million of gross profit in the quarter, down 34% and 24% year over year, respectively. The company said the decrease was the result of “a decline in consumer demand and the price of bitcoin, related in part to broader uncertainty around crypto assets, which more than offset the benefit of volatility in the price of bitcoin during the quarter.” E...

Bitcoin (BTC) stabilized around $36,000 and was roughly flat on Friday. The cryptocurrency traded with lower volatility over the past 24 hours, compared with yesterday's sharp sell-off in price. Alternative cryptos (altcoins) were also relatively stable on Friday, although GALA rose by as much as 9%, outperforming other tokens on the CoinDesk 20 list. Also, Algorand's ALGO token was up by 12% over the past 24 hours. Choppy price action over the past week continued to reflect uncerta...