Square
Block nets $1.18B Q4 gross profit marking a 47% YoY increase
Crypto-friendly digital payments tech firm Block, Inc. (formerly known as Square) posted $1.18 billion worth of gross profit in Q4, representing a growth of 47% over the same period in 2020. The firm led by Bitcoin maxi Jack Dorsey has multiple business arms including Cash App, Square, and the freshly acquired buy now pay later (BNPL) firm Afterpay after the $29 billion deal officially closed at the end of last month. Block’s 2021 Q4 report was posted on Feb. 24, and the firm revealed significant gross profit increases across Cash App and Square, with each firm generating $518 million and $657 million apiece to mark YoY gains of 37% and 54% respectively. In total, the company generated $4.42 billion worth of gross profit for the entirety of 2021, marking a YoY growth of 62% compared to 202...
Block, formerly Square, will allow users to gift BTC for the holidays using Cash App
Digital payments company Block, formerly called Square, has announced that Cash App users will be able to gift friends and family both crypto and stock over the holiday season. According to a Tuesday tweet, Cash App said its users — roughly 40 million active monthly — could send as little as $1 in Bitcoin (BTC) or stock as a gift in the same way they had been sending cash. The payments firm joins others including PayPal and Coinbase in allowing users to send crypto as payments or gifts to third parties. With Cash App, you can now send as little as $1 in stock or bitcoin. It’s as easy as sending cash, and you don’t need to own stock or bitcoin to gift it. So this holiday season, forget the scented candles or novelty beach towel, and help your cousin start investing. pic.twitter.com/HS...
Pope says Canada school discovery painful, but stops short of apology
Pope Francis said on Sunday that he was pained by the discovery of the remains of 215 children at a former Catholic school for indigenous students in Canada and called for respect for the rights and cultures of native peoples. However, Francis stopped short of the direct apology some Canadians had demanded. Two days ago, Canadian Prime Minister Justin Trudeau said the Catholic Church must take responsibility for its role in running many of the schools. Indigenous leaders and school survivors said the Church needed to do much more. “We’re all pained and saddened. Who isn’t?” said Bobby Cameron, chief of the Federation of Sovereign Indigenous Nations in Saskatchewan. Speaking to pilgrims and tourists in St. Peter’s Square for his weekly blessing, Francis urged Canadian political and Catholic...
Bashar al-Assad wins Syria’s presidential election
Syrian President Bashar al-Assad has won his fourth seven-year term in the 2021 presidential race, the Syrian parliament announced on Thursday. Hamoudeh Sabbagh, the parliament speaker, said that Assad won 95.1 per cent of the vote as opposed to 88.7 per cent in the 2014 election. He said that about 14 million of the estimated 18 million eligible voters inside and outside Syria cast their votes, with a turnout rate of 78.64 per cent. Huge crowds of Assad supporters filled the Umayyad Square, the main square in the Syrian capital of Damascus, to celebrate Assad’s win, waving Syrian flags and posters of Assad, while national music was blaring from loudspeakers. Banners supporting Assad adorned the square and main streets in the capital. Assad’s win was largely anticipated as his competitors ...
Constitution review: States creation tops list of submissions at North East public hearing
YouTube States creation topped list of demands by groups from Adamawa and Taraba States at Thursday’s public hearing on the review of 1999 Constitutional in Gombe. Newsmen report that the groups wanted creation of Amana and Gongola out of present Adamawa State and Mambilla out of the present Taraba State. Ahmad Sajoh, the leader of the movement for Amana State, said the struggle for the creation of the state had been on for years. Sajoh said since 1961 when the area was moved into Nigeria from Cameroon, it had been an independent entity and it was the wish of the people to have a state of their own. He said: “The then Premier of Northern Nigeria, Sir Ahmadu Bello, the Sardauna of Sokoto, convinced us to be part of Nigeria on the condition that the area shall be an autonomous province with ...
5 Institutional Funds Invested in Bitcoin by Late 2020
We saw the astronomical comeback of bitcoin last year, with a lot of people rushing to buy bitcoin. Throughout the first six months of 2020, bitcoin sold under $5,009, however, its price went over $20,000 by the end of the year. It is thought that the growth in institutional funds invested in Bitcoin was the major reason for the increase in the price of bitcoin and the bullish run it experienced. This is because digital assets are fast becoming a class asset. Due to the increased gains of bitcoin and its capacity to hedge against inflation, there is a growth in the number of institutional funds being invested in bitcoin. Also, bitcoin is simple to buy and sell via p2p platforms and easy to make micro remittances. Check out the updated list of where to buy Bitcoin in South Africa. Instituti...
Ademola Lookman thrilled to play for Fulham
Ademola Lookman says he is enjoying his time with Premier League club Fulham. Lookman linked up with the Whites on a one-year loan deal from German club RB Leipzig last summer The 23–year-old has been one of the key performers for the Cottagers, contributing four goals and three assists in 22 league appearances. “I’m enjoying my football here, that’s the most important thing,” Lookman told the club website. “For me, it’s just all about improving every single day I can, learn as much as I can off the gaffer and off the coaching staff.” Lookman has urged the Craven Cottage outfit to give their best when they square off against Roy Hodgson’s men at Selhurst Park. “We need to be at the top of our game also but we’ll definitely be going there to get the three points like in any game that we are...
Abuja residents: Why we buy ‘second hand’ clothes
Some residents of the Federal Capital Territory (FCT) in Bwari Area Council say they patronise the clothes not only because of its affordability but also for the upgraded standard. The buyers spoke in separate interviews with newsmen at the Dutse-Alhaji market on Sunday in Abuja. The buyers were seen patronising the items from their dealers in the market, which was known for the cheap sale of second hand clothing in the district. Ada Micheal, one of the buyers, told newsmen that when it came to especially shoes, school or women bags, she preferred the second hand ones because they were almost new and last longer. ” Not all of these items you see here are fairly used; most of them are new or almost new. ” Some even come with tags from probably the stores they were initially hung for sale or...
Christmas celebrated under pandemic’s shadow
Hundreds of millions across the world celebrated pared-down Christmas festivities on Friday due to coronavirus restrictions, as Pope Francis called for vaccines for everyone, describing them as “glimmers of hope in this period of darkness and uncertainty”. The pandemic has claimed more than 1.7 million lives and is still running rampant in much of the world, but the recent launching of mass vaccine campaigns has boosted hopes that 2021 could bring a respite. Like so many across the globe, the pope was forced to break with normal Christmas tradition, holding his annual “Urbi et Orbi” speech by video from the apostolic palace, to prevent a crowd from gathering in St Peter’s Square. “I call on everyone, on leaders of states, on businesses, on international organisations, to promote cooperatio...
UEFA Nations League: France draw Belgium, Italy to face Spain in semi-finals
The draw for the UEFA Nations League finals has been conducted, with World Cup holders France set to square off against world number ones Belgium while hosts Italy face Spain next October. The European governing body rubber-stamped Milan and Turin as the cities set to welcome the second edition of the tournament’s showpiece last four event on Thursday, confirming that the Group 1A winners would be on home soil. Roberto Mancini’s Azzurri will welcome La Roja under the stewardship of Luis Enrique to San Siro on October 6, while Didier Deschamps’ Bleus will face Les Diables Rouges led by Roberto Martinez at Allianz Stadium a day later. The winners will then meet in Milan three days later on October 10, with the third-place play-off unfolding in Turin upon the same date. The second semi-final ...
6 Tech Companies Make Remote Working a Permanent Option
The world has been changed by the ongoing coronavirus pandemic. Almost all points of what we used to know are in some ways now different. These changes will no doubt last as long as the pandemic, and many will last even longer. In the world of work, the transition from offices to home has been a worldwide reality. Now, six of the world’s largest tech companies have revealed that these advents of working-from-home may be a permanent fixture. At least for the foreseeable future. These tech companies include: Facebook Mark Zuckerberg says that as many as 50% of Facebook employees could be working remotely within the next five to 10 years. Facebook’s CEO pitched the idea as both of a matter of satisfying employee desires and also in an effort to establish a “more broad-based economic prosperit...
NNPC explains parameters for employment, career progression
The Nigerian National Petroleum Corporation (NNPC) has explained the parametres for employment as well as career progression in the corporation, using the recently concluded Graduate Trainee employment process as well as top Management promotion exercise executed by the corporation as an illustration. The National Oil company says unblemished academic competence, logical thinking, ability to engage meaningfully in problem solving in addition to federal character are key to becoming an employee of the corporation. To progress in the Management cadre, professional competence, accountability and transparency as well as ensuring national spread in top management positions are critical factors that are not negotiable. Explaining the parametres, NNPC Group General Manager, Group Public Affairs D...
