What’s happening? #BTC #CashApp

🚀🐂 Exciting news! Cash App, with its massive user base of 51 million, has completely sold out of Bitcoin, sparking a supply shock in the crypto world! 📈 This sudden scarcity of Bitcoin on the platform suggests a surge in demand, leading to potential price fluctuations and heightened speculation within the community. 🌟 The fact that such a mainstream payment app has experienced this shortage underscores the increasing acceptance of cryptocurrencies like Bitcoin in traditional finance. 💰 This event not only impacts Cash App users but also sends ripples throughout the broader crypto market, influencing adoption, investment, and pricing trends. 🌊 Observers are eagerly watching how this supply shortage will shape the future of Bitcoin and the overall crypto landscape. 🔄 Remember to DYOR (Do Your Own Research) and stay informed! 📚 #TrendingTopic #BTC #CashApp
$BTC

📢📢📢📢 829 #BTC (35,918,171 USD) transferred from #CashApp to unknown new wallet

wrTop 3 athletes paid in Bitcoin......

1.PANTHERS' RUSSELL OKUNG: In December 29, 2020
The Carolina Panthers offensive linemen agreed to have roughly $6 million of his salary diverted to mobile payment company Strike to purchase bitcoin investments.

The arrangement comes by way of Zap, the bitcoin startup founded by Jack Mallers. Zap’s Strike product enables traditional paychecks to be converted into BTC.

He said "Money is more than currency; it's power,” said Okung in a statement. “The way money is handled from creation to dissemination is part of that power. Getting paid in bitcoin is the first step of opting out of the corrupt, manipulated economy we all inhabit.” He is the first Player from a Major U.S league to be paid in bitcoin

2. PACKERS QB AARON RODGERS : In November 21,2021 Rodgers took part of his salary in Bitcoin
The Green Bay Packers quarterback is taking a portion of his salary from this season and converting it into Bitcoin, he announced on Monday.

“Bitcoin to the moon,” Rodgers said in a Twitter video on Monday while dressed as John Wick for Halloween. “That’s why I’m pumped to share that I’ve recently teamed with CashApp. They’ve enabled me to take part of my NFL salary in Bitcoin for the very first time.”

It’s unclear how much of that salary he is investing into Bitcoin. If he put 25% of it into Bitcoin, he’d have about 137 Bitcoin.

3. ODELL BECKHAM JR: Football star Odell Beckham Jr will accept his “new salary” on the Los Angeles Rams in Bitcoin, the latest high-profile athlete to signal enthusiasm for cryptocurrency. On November 22, 2021, LA Rams wide receiver Odell Beckham Jr. tweeted that he would be partnering with CashApp to receive his new full salary in Bitcoin.
The wide receiver said in a tweet Monday that he will accept his salary in Bitcoin as part of an arrangement with Square Inc.-backed mobile payments service Cash App.
#BTC #TrendingTopic #CashApp #Wrtite2Earn

#Bitcoin sold to #CashApp users rises to nearly $2.4B in Q2

Block’s Cash App saw the value of its bitcoin sales increase more than $200 million quarter over quarter. 

The total sale amount of bitcoin sold to customers of the mobile payment service during the second quarter of 2023 was $2.39 billion — a year-over-year jump of 34%.

Cash App generated $44 million of bitcoin gross profit during the three months — a figure that factors in costs the company incurred to purchase the asset and make it available for customers. Cash App’s total gross profit was $968 million during the second quarter.

The levels of bitcoin ($BTC ) sold to Cash App customers and bitcoin gross profit were up from $2.16 billion and down from $50 million, respectively, during Q1. 

**Main Topic: Block's Strong Q4 2021 Performance in Bitcoin Sales through Cash App**

🚀 **Bitcoin Revenue Soars:** Block, led by CEO Jack Dorsey, reports a remarkable gross profit of $66 million from Bitcoin sales through its Cash App in Q4 2021, showcasing a substantial 90% increase year-over-year.

💸 **Total Bitcoin Revenue:** The total Bitcoin revenue for the quarter hits $2.5 billion, reflecting a robust 37% increase compared to the previous year.

📈 **Annual Growth:** Full-year results highlight impressive growth, with Bitcoin revenue reaching $9.5 billion, a substantial 34% increase from the previous year.

💰 **Gross Profit Surge:** Bitcoin's gross profit sees a significant surge by 31%, reaching $205 million, showcasing the positive impact of Block's Bitcoin-related initiatives.

📱 **Cash App's Role:** Cash App, Block's mobile payment service, plays a pivotal role in facilitating seamless Bitcoin transactions, allowing users to buy, sell, send, and receive Bitcoin easily through their smartphones or browsers.

⚡ **Jack Dorsey's Advocacy:** CEO Jack Dorsey, a vocal advocate for Bitcoin, integrates it into Cash App's services and initiates significant investments in cryptocurrency, contributing to the company's success.

🌐 **Beyond Conventional Trading:** Block's initiatives extend beyond conventional Bitcoin trading, with plans for a decentralized Bitcoin trading exchange and the development of a new wallet for customers to hold Bitcoin directly.

🔍 **Investments and Initiatives:** The company invests in a Bitcoin mining firm to provide affordable energy solutions and explores various cryptocurrency initiatives under the leadership of Jack Dorsey.

📈 **Market Response:** Investors respond positively to Block's earnings report, with shares surging by 5.41%, exceeding expectations.

🔮 **Future Outlook:** Block's strong performance sets a positive tone for its future trajectory in the evolving landscape of Bitcoin and cryptocurrency.

#Bitcoin‬ #Write2Earn #CryptoEarnings #CashApp #TrendingTopic

In a significant development, Cash App, the largest payment application in the United States with a user base of 51 million individuals, has officially exhausted its available stock of Bitcoin for sale. This means that the platform currently has no more Bitcoin available to offer to its users for purchase. This unexpected event in the cryptocurrency realm has created what is known as a "supply shock," indicating a situation where the supply of a particular asset—Bitcoin in this case—becomes limited or scarce.

The term "supply shock" is often associated with a sudden scarcity of an asset, leading to increased demand and potential price fluctuations. With Cash App running out of Bitcoin to sell, it suggests that there is a surge in interest or transactions involving Bitcoin on the platform, surpassing the available supply. This scenario can result in heightened excitement and speculation within the cryptocurrency community.

Moreover, the fact that such a mainstream payment app like Cash App, serving tens of millions of users, has experienced this Bitcoin supply shortfall highlights the growing influence and acceptance of cryptocurrencies like Bitcoin in traditional payment systems. This occurrence not only impacts Cash App users who may now face challenges in acquiring Bitcoin through the app but also sends ripples throughout the broader cryptocurrency market, indicating a shift in demand dynamics.
As a result, observers and participants in the cryptocurrency space are closely monitoring the implications of this supply shortage on Cash App and how it might influence the overall market conditions for Bitcoin. The excitement surrounding this event stems from its potential to shape trends in cryptocurrency adoption, investment, and pricing, presenting a dynamic landscape for both users and investors alike within the realm of digital assets.

👉 End 👈

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#TrendingTopic #BTC #MarkBTC #CashApp $BTC

🚨🚨🚨 JUST IN : Jack Dorsey's #Square and #CashApp units are being examined by federal prosecutors over alleged sanctions violations and other regulatory non-compliance issues.

#JackDorsey

- 𝘽𝙡𝙤𝙘𝙠, 𝙖 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙩𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮 𝙘𝙤𝙢𝙥𝙖𝙣𝙮 𝙡𝙚𝙙 𝙗𝙮 𝙛𝙤𝙧𝙢𝙚𝙧 𝙏𝙬𝙞𝙩𝙩𝙚𝙧 𝘾𝙀𝙊 𝙅𝙖𝙘𝙠 𝘿𝙤𝙧𝙨𝙚𝙮, 𝙝𝙖𝙨 𝙜𝙚𝙣𝙚𝙧𝙖𝙩𝙚𝙙 $207 𝙢𝙞𝙡𝙡𝙞𝙤𝙣 𝙞𝙣 𝙧𝙚𝙫𝙚𝙣𝙪𝙚 𝙛𝙧𝙤𝙢 𝘽𝙞𝙩𝙘𝙤𝙞𝙣 𝙞𝙣𝙫𝙚𝙨𝙩𝙢𝙚𝙣𝙩𝙨 𝙩𝙝𝙧𝙤𝙪𝙜𝙝 𝙞𝙩𝙨 𝘾𝙖𝙨𝙝 𝘼𝙥𝙥.

- 𝙏𝙝𝙚 𝙘𝙤𝙢𝙥𝙖𝙣𝙮 𝙚𝙭𝙥𝙚𝙧𝙞𝙚𝙣𝙘𝙚𝙙 𝙖 90% 𝙮𝙚𝙖𝙧-𝙤𝙣-𝙮𝙚𝙖𝙧 𝙞𝙣𝙘𝙧𝙚𝙖𝙨𝙚 𝙞𝙣 𝙜𝙧𝙤𝙨𝙨 𝙥𝙧𝙤𝙛𝙞𝙩 𝙛𝙧𝙤𝙢 𝘽𝙞𝙩𝙘𝙤𝙞𝙣 𝙨𝙖𝙡𝙚𝙨 𝙫𝙞𝙖 𝘾𝙖𝙨𝙝 𝘼𝙥𝙥, 𝙧𝙚𝙖𝙘𝙝𝙞𝙣𝙜 $66 𝙢𝙞𝙡𝙡𝙞𝙤𝙣 𝙞𝙣 𝙩𝙝𝙚 𝙥𝙧𝙚𝙫𝙞𝙤𝙪𝙨 𝙦𝙪𝙖𝙧𝙩𝙚𝙧.

- 𝘽𝙡𝙤𝙘𝙠'𝙨 𝙨𝙩𝙤𝙘𝙠 𝙥𝙧𝙞𝙘𝙚 𝙧𝙤𝙨𝙚 𝙗𝙮 12.35% 𝙞𝙣 𝙖𝙛𝙩𝙚𝙧-𝙝𝙤𝙪𝙧𝙨 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙛𝙤𝙡𝙡𝙤𝙬𝙞𝙣𝙜 𝙩𝙝𝙚 𝙧𝙚𝙡𝙚𝙖𝙨𝙚 𝙤𝙛 𝙞𝙩𝙨 𝙚𝙖𝙧𝙣𝙞𝙣𝙜𝙨 𝙧𝙚𝙥𝙤𝙧𝙩 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙛𝙤𝙪𝙧𝙩𝙝 𝙦𝙪𝙖𝙧𝙩𝙚𝙧 𝙤𝙛 2023.

#CashApp #BlockchainCommunity