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The Latest Breaking News from Cash App

Is Block, Inc. A Good Buy for Fintech Investors?

The high-interest rate environment, rapid advancements in fintech solutions, and changing consumer preferences contribute to the financial sector’s massive expansion. Let’s explore if Block (SQ) is an ideal buy for fintech investors. Read on to know more….

StockNews.com

ARK Invest’s Cathie Wood says digital wallet wars will be a ‘winner-take-most’ opportunity

In conversation with Coinbase’s CEO Brian Armstrong at the company’s State of Crypto Summit on Thursday, Wood argued that digital wallets could be a race where one winner takes all.

Fortune

San Francisco: trial begins in killing of tech executive that shocked city

Jury selection to begin as Nima Momeni accused of murder of Cash App founder Bob Lee in April last year

The Guardian - US

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El Salvador Inspired? Jack Dorsey's Block Unveils New Monthly BTC Buying Strategy

A day after the release of a report that alleged Block was being investigated for non-compliance in its Square and Cash App units, the company's founder unveiled a new Bitcoin strategy that will see some of the fintech firm's profits being invested into the digital asset.

International Business Times

US Prosecutors Probing Jack Dorsey's Block For Non-Compliance At Cash App, Square: Report

Jack Dorsey's Block is once again under fire, and this time, for alleged non-compliance at the fintech company's top units: Square and Cash App.

International Business Times

RB reveals “chameleon” F1 Miami GP livery

For the Miami event the Anglo-Italian team has repainted large parts of its VCARB01 car in what it has called a chameleon livery, akin to the similarly named prepaid debit card issued by one of its two title partners Cash App.

Autosport

Square Stock Tumbles On Report Of Federal Probe Involving Transactions

Square stock tumbled on a report federal prosecutors are probing financial transactions at parent Block involving Cash App and bitcoin.

Investors Business Daily

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Is This Fintech Stock a Buy Now?

Wall Street rates this fintech stock a “strong buy,” with as much as 35% upside potential.

Barchart

Cash App Parent Block In Buy Zone After 105% Profit Growth

Cash App parent Block stock is back in a buy zone. The company reported higher sales in its earnings report and analysts have high hopes.

Investors Business Daily

Keke Palmer's Evolving Relationship With Money As A Single Mom

Learn how actress Keke Palmer manages her finances, prioritizes investments, and supports Black-owned businesses for financial empowerment.

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Autosport

AlphaTauri F1 team makes switch to new Visa Cash App RB identity

Although not mentioned in today’s announcement the Faenza outfit is also using the VCARB acronym, and it’s understood that it might eventually be revealed as the type designation of the RB chassis, with a final decision yet to be taken.

Kiplinger

Venmo Urged To Protect Users From Scams — Again

Lawmakers called out Venmo and Cash App, once again, over scams and their ability 'to keep customers' money safe.'

Chicago Sun-Times

‘Bank jackings’ in Chicago see robbers drain victims’ accounts with their phone apps

They grab cellphones and demand pass codes to banking apps like Zelle and Venmo. A Chicago architect who lost more than $2,000 that way says: “Don’t have any banking apps on your phone.”

iMore

Apple's being sued by Venmo and Cash App users over iPhone crypto transfer fees

Apple is being sued by users of some finance apps because they aren't allowed to use crypto with them thanks to App Store rules.

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Barchart

Block vs. PayPal: Which Fintech Stock Is the Better Buy Right Now?

Although both Block and PayPal reported strong third quarter results, Wall Street has higher growth forecasts for one of these fintech stocks, thanks to its potential to drive exceptional growth once the economy improves.

Investors Business Daily

Square Downgraded On Gross Profit, Cash App Outlook

Square-parent Block faces slowing growth for its consumer Cash App in 2024, says a UBS analyst who downgraded SQ stock.

The Independent UK

Tech consultant to stand trial in stabbing death of Cash App founder Bob Lee

A San Francisco judge has ordered tech consultant Nima Momeni to stand trial for murder in the stabbing death of Cash App founder Bob Lee

Kiplinger

Storing Money in PayPal, Venmo or Cash App Carries Hidden Risks, CFPB Says

A Consumer Financial Protection Bureau issue says PayPal and other popular payment apps often sidestep key government protections for your funds.

The Independent UK

Cash App founder’s accused killer allegedly stabbed two teenagers 18 years before San Francisco murder

Nima Momeni was investigated for stabbing teens in drug dispute in 2005, according to police report

The Independent UK

Lawyer for Cash App founder Bob Lee’s alleged killer claims stabbing was ‘accidental’

The tech executive was fatally stabbed three times in San Francisco last month

The Guardian - US

Man accused of stabbing Cash App founder Bob Lee pleads not guilty

The San Francisco district attorney has alleged Nima Momeni planned to kill Lee and left him to ‘slowly die’

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