Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
Nvidia Develops New Location-Verification Technology for AI Chips 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns 
Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market 
SpaceX Reportedly Preparing Record-Breaking IPO Targeting $1.5 Trillion Valuation 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Trump Signs Executive Order to Establish National AI Regulation Standard 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
It’s reflective of the industry’s general mood regarding cryptocurrency when the stock prices of the online payment app Square Cash would rise right after offering Bitcoin buy and sell features. It didn’t even matter that the service was only available to a limited number of users, so far, and the benefits to Bitcoin was even bigger since it could lead to the normalization of cryptocurrency.
A reader of TechCrunch told the publication about the new feature earlier in the week, which was then confirmed by the company behind the app. The service essentially functions as a trading platform, which allows certain users to buy, sell, and hold Bitcoin in their accounts.
The new feature is still in a trial mode, largely because the developers are still trying to figure out how to make Bitcoin trading faster. Since the Cryptocurrency does exist within the Blockchain network, some lag time is only to be expected. For example, some users are reporting that transactions take time to reflect on their accounts, which would certainly cause a lot of users to panic if it was widely available.
This news also caused the stock prices of Square to rise five percent on November 15th, which is the cherry on top of the cake that is its performance for 2017. As good as this development is for the online payment app, however, opening up this service on Square Cash is even better for Bitcoin.
As Quartz reports, pundits are already raving about how this could help to normalize the use of cryptocurrency for paying stuff or getting paid. This sentiment was reflected by the 12 percent rise of Bitcoin on Wednesday. As of writing, the cryptocurrency’s price stands at $7,900, but that is expected to go even higher as news of the new Square Cash feature spreads.
