ChainCatcher news, after months of investigation by the U.S. federal government into Block's compliance practices, Cash App has decided to terminate the Bitcoin transfer feature via user tags, raising concerns among users about the app's ability to handle risks.Cash App announced on its help page that it will "no longer support sending and receiving Bitcoin between $cashtags starting December 20, 2024." The company noted that users can still send and receive Bitcoin using the Lightning Network or the Bitcoin blockchain.An inspection by the Wayback Machine in October showed no such notification. Furthermore, this change appears to only affect Bitcoin transfers and does not seem to impact other services, such as sending stocks or cash via the unique identifier cashtags.

ChainCatcher news, Coinbase has returned to the top ten of the US Apple App Store. Coinbase is currently ranked 9th in the "Free iPhone Apps" category. The Cash App, which supports Bitcoin, is currently ranked 30th, while the cryptocurrency and stock trading app Robinhood is ranked 13th.On Wednesday, Coinbase also rose to the number one spot in the financial category of the US App Store, and Coinbase's non-custodial web3 wallet is currently ranked 14th.

ChainCatcher news, according to HODL15Capital, users of the cryptocurrency trading app Cash App under Block Inc. are expected to purchase $10 billion worth of Bitcoin this year, with $2.5 billion each quarter.

ChainCatcher news, according to Bloomberg, Block Inc.'s crypto trading app Cash App plans to shut down its operations in the UK. The platform has been offering services in the UK for six years, and the company reportedly informed customers on Thursday that it will close on September 15.

ChainCatcher news, at a recent press conference, the San Francisco Police Chief announced the arrest of the suspect Nima Momeni in the murder of Cash App founder.The San Francisco Police Chief stated that the investigation is still ongoing, confirming that the suspect and the victim knew each other, but he declined to disclose further details. Additionally, the arraignment is expected to take place on April 14. (source link)

ChainCatcher news, Jack Dorsey confirmed on the decentralized social protocol Nostr that Bob Lee, former CTO of Square and creator of Cash App, was fatally stabbed in San Francisco early Tuesday morning local time. (Source link)

ChainCatcher news, the mobile payment platform Cash App tweeted that it now offers a complete Lightning Network experience, allowing users to send and receive Bitcoin for free to other wallets that support the Lightning Network. This feature is not yet available to residents of New York State. (Source link)

ChainCatcher news, Watcher.Guru tweeted that Block's payment platform Cash App supports sending and receiving Bitcoin via the Lightning Network.In addition, Cash App's Bitcoin product lead Michael Rihani revealed that this feature is currently available to Cash App customers in the U.S. (excluding residents of New York). (Source link)