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Cash App Bitcoin revenue tops $2 billion in the first quarter

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Block’s Q1 earnings report reveals a 25% year-on-year increase in Bitcoin revenue from the fintech firm’s flagship product Cash App.

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Coin Market

Cronos confirms $9.2M slipped away before Tectonic exploit rollback

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Cronos’s post-mortem put the Tectonic exploit’s affected borrowing at $120.4 million, with 7.6% transferred off-network before validators intervened.

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Swiss stablecoin sandbox enters testing phase, adds two new partners

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Financial market operator SIX and payment app TWINT have joined numerous banks in the sandbox seeking to develop a Swiss franc-based stablecoin.

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Australia says it removed 45 crypto, remittance registrations over the past year

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AUSTRAC said its yearlong sweep included canceled, suspended and unrenewed registrations, while its action against GetCoins helped disrupt organized investment scams.

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