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The Himiway Cruiser Bike Review - readwrite

The Himiway Cruiser Bike Review

The Himiway Cruiser Bike is fun and a beauty to ride. I love bikes, have many different kinds of bikes, and I ride a lot. This is an all-terrain electric fat bike. You can overcome many obstacles on this bike, including gravel, mountain terrain, off roads, snow, and beach. It couldn’t be a better ride […] The post The Himiway Cruiser Bike Review appeared first on ReadWrite.
readwrite - 1 day ago
Mediflash is a freelancer marketplace for health professionals - techcrunch

Mediflash is a freelancer marketplace for health professionals

Meet Mediflash, a new French startup that wants to improve temp staffing in healthcare facilities, such as nursing homes, clinics and mental health facilities. The company positions itself as an alternative to traditional temp staffing agencies. They claim to offer better terms for both caregivers and institutions. “It costs a small fortune to health facilities […]
techcrunch - 1 day ago
Owning the paycheck is the key to fintech success - techcrunch

Owning the paycheck is the key to fintech success

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week, Natasha and Danny, otherwise known as your two new favorite Book influencers (inside joke, you’ll get if you listen to the show), hopped on the mics to take everyone threw the news, with Grace and […]
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Tiger Global in talks to back BharatPe at $2.5 billion valuation - techcrunch

Tiger Global in talks to back BharatPe at $2.5 billion valuation

Indian fintech startup BharatPe is in advanced stages of talks to raise about $250 million in a new financing round led by Tiger Global, two sources familiar with the matter told TechCrunch. The new round, a Series E, is valuing the three-year-old New Delhi-headquartered firm at a pre-money valuation of $2.5 billion, sources said, requesting […]
techcrunch - 1 day ago
Ford acquires Electriphi as it prepares to woo EV fleet customers - techcrunch

Ford acquires Electriphi as it prepares to woo EV fleet customers

Ford has two electric vehicles in the pipeline —  the E-Transit cargo van and F-150 Lighting Pro —aimed at commercial customers. Now, the automaker is rounding out its future EV commercial business with the acquisition of battery management and fleet monitoring software startup Electriphi. Terms of the acquisition weren’t disclosed. Ford is betting that the […]
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Delivery service Gopuff acquires rideOS for $115 million-plus - techcrunch

Delivery service Gopuff acquires rideOS for $115 million-plus

On-demand goods, food and alcohol delivery service Gopuff has acquired fleet management platform rideOS for $115 million to $125 million, sources familiar with the deal say. This acquisition comes just a few months after the Philadelphia-based startup announced a $1.15 billion funding round at a $8.9 billion valuation, up from $3.9 billion in October. Last […]
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Spotify acquires Podz, a podcast discovery platform - techcrunch

Spotify acquires Podz, a podcast discovery platform

Podcasts are all the rage, but podcast discovery is a challenge. Today, Spotify announced its acquisition of Podz, a startup that’s trying to solve the problem of podcast discovery. “At Spotify, we are investing to build and scale the world’s best (and most personalized) podcast discovery experience,” the company said. “We believe that Podz’ technology […]
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KeepTruckin raises $190 million to invest in AI products, double R&D team to 700 - techcrunch

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KeepTruckin, a hardware and software developer that helps trucking fleets manage vehicle, cargo and driver safety, has just raised $190 million in a Series E funding round, which puts the company’s valuation at $2 billion, according to CEO Shoaib Makani.  G2 Venture Partners, which just raised a $500 million fund to help modernize existing industries, […]
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CEO Shishir Mehrotra and investor S. Somasegar reveal what sings in Coda’s pitch doc

CEO Shishir Mehrotra and Madrona partner S. Somasegar joined Extra Crunch Live to discuss Coda's pitch doc -- and give live feedback on pitches from the audience.
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Transform 2021: Where does your enterprise stand on the AI adoption curve? - venture beat

Transform 2021: Where does your enterprise stand on the AI adoption curve?

VentureBeat’s annual AI survey returns alongside Transform 2021 this July 12-16, 2021. Transform, the world’s leading event on applied AI for enterprise business & technology decision makers, will host thousands of executives across industries to share their AI and data technology stories. 
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Going, going, almost gone! Only a few spots left in Startup Alley at TC Disrupt 2021 - techcrunch

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Traditional firms might approach an RPA initiative as they have other business initiatives, which is slowly and carefully. But to reap the benefits of automation at scale, companies need more ambition
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Anduril raises $450M as the defense tech company’s valuation soars to $4.6B - techcrunch

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The AI-powered defense company founded by tech iconoclast Palmer Luckey has landed a $450 million round of investment that values the startup at $4.6 billion just four years in. In April, reports suggested that the company was on the hunt for fresh investment and headed for a valuation between four and five billion, up from […]
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Mobility startups can be equitable, accessible and profitable - techcrunch

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Vitosha Venture Partners launches $30M fund to back Bulgarian-related early-stage startups - techcrunch

Vitosha Venture Partners launches $30M fund to back Bulgarian-related early-stage startups

Vitosha Venture Partners is a brand new venture fund launching out of Bulgaria, and backed by the Bulgarian government. The 26 million euro ($30M) fund aims to invest in approximately 100 companies, starting from low ticket sizes all the way up to a million, in early-stage and growth-stage companies that are based in or related […]
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Apple AirTags UX teardown: The trade-off between privacy and user experience - techcrunch

Apple AirTags UX teardown: The trade-off between privacy and user experience

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Wise announces plans to go public via direct listing - techcrunch

Wise announces plans to go public via direct listing

Wise, the fintech company formerly known as TransferWise, has announced that it wants to become a public company on the London Stock Exchange. Instead of following the traditional IPO route, Wise plans to go public via a direct listing. This is going to be the biggest direct listing on the London Stock Exchange. If you’re […]
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Gusto makes first acquisition, buying Ardius to expand into R&D tax credits - techcrunch

Gusto makes first acquisition, buying Ardius to expand into R&D tax credits

Free money from the government sounds like winning the lottery, but the reality is that most tech startups and even local retail businesses and restaurants can potentially qualify for tax credits related to research and development in the United States. Those credits, which is what helps tech giants keep their tax rates to near zero, […]
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5 tips for brands that want to succeed in the new era of influencer marketing - techcrunch

5 tips for brands that want to succeed in the new era of influencer marketing

In the new creator economy, the selectiveness of creators means stiff competition for a brand's ideal influencers. But that doesn’t mean working with influencers is out of reach for smaller brands.
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Lordstown Motors reverses claims about “binding orders” for electric pickup truck - techcrunch

Lordstown Motors reverses claims about “binding orders” for electric pickup truck

Lordstown Motors does not have binding orders from customers for its electric Endurance pickup truck — a reversal from claims made earlier this week by company executives in an effort to restore confidence in the troubled company, according to a regulatory filing released Thursday. Lordstown Motors interim CEO Angela Strand and President Rich Schmidt made […]
techcrunch - 2 days ago
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techcrunch
What Square’s smashing earnings tell us about consumer bitcoin demand

What Square’s smashing earnings tell us about consumer bitcoin demand

techcrunch - 1 month ago

Shares of Square are up more than 6% today after the American fintech company reported a staggering $5.06 billion in revenue in its Q1 2021 earnings report, far ahead of an expected tally of $3.36 billion.

By posting the huge revenue beat, Square grew 266% compared to its year-ago Q1. Because that’s the sort of growth that we generally expect to see from early-stage startups instead of maturing public companies, some exploration is in order. In short, bitcoin revenues from Square, and how they fit into its accounting, are responsible for much of its outsized growth.

And that’s something we need to talk about.


The Exchange explores startups, markets and money. 

Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday.


Square’s performance apart from its bitcoin-driven results were strong. But its bitcoin incomes underscore not only rising consumer sentiment concerning bitcoin, but also an interesting angle on the question of Coinbase and its long-term fee structure.

Mix in the huge growth in bitcoin investment activity that Robinhood has seen and we can easily understand that, at least in the American market, consumers are not beholden to traditional cryptocurrency arguments regarding coin ownership. And the pace at which non-Coinbase entities are accreting trading volume could point to more competition at the now-public crypto exchange than some fans, backers and believers anticipated.

So today, we’re talking Square earnings and its bitcoin base, especially in how it relates to the results of other entities that offer bitcoin sales. Our broader question is whether consumers are going to behave as many expect, or if the less crypto-focused on-ramps to bitcoin and its brethren will prove more popular than many crypto-enthusiasts anticipate.

A bitcoin boom

If we remove the bitcoin top line from Square’s quarter, the company posted $1.55 billion in revenue, a figure that was up 44% compared to its year-ago period. That’s impressive.

But the company’s bitcoin-related revenue growth was far more so. From $306.1 million in Q1 2020 bitcoin revenue to $3.51 billion in Q1 2021, Square wrote in its report that it saw “significant growth in bitcoin revenue year over year,” up “approximately 11x.”

sauce: techcrunch
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