Bitcoin jumps after New York approves Square's Cash app for crypto trading

Bitcoin spiked suddenly in Monday afternoon trading to its highest since Tuesday.

New York's Department of Financial Services granted Square a virtual currency license, allowing users of the Cash app in the state to trade bitcoin.

Cash has 7 million monthly active users, the company said in its first quarter earnings call.

Good article, great news. This kind of news is exactly what bitcoin needs right now, 7 million more people with an easy way to buy and sell bitcoin. Bitcoin popped on the news, let's see if it can hold on to the gains....

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https://www.cnbc.com/2018/06/18/bitcoin-jumps-after-new-york-approves-squares-cash-app-for-crypto-trading.html