Square Reports 600% Increase in Quarterly Bitcoin Revenue
Jack Dorsey’s Square has seen one of the largest quarterly increases yet for its bitcoin business. Source link
Reports
1.4% of FinCEN’s Suspicious Activity Reports Since 2013 Mentioned Crypto
More than 70,000 crypto-related suspicious activity reports (SARs) have been filed since 2013, but the Financial Crimes Enforcement Network (FinCEN) has issued a stark warning that some offshore companies may not be doing enough to stamp out illicit behavior. Speaking at CoinDesk’s Consensus: Distributed virtual conference on Wednesday, FinCEN director Kenneth Blanco said that around …
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Institution-Focused Crypto Trading Platform Reports 737% Revenue Increase in 2019
Hong Kong Stock Exchange-listed BC Group, the operator of institution-focused digital assets trading platform OSL, reported a 737% increase in revenue in 2019. On March 31, BC Group revealed that its OSL digital assets platform had been its largest 2019 earner, accounting for 44% of the Group’s revenues — up from just 6% in 2018. …
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