• Lee was a managing director behind Google Maps, Google Glass.
  • Square had announced in March that it intends to hire up to five talents.

Square Crypto, the Silicon Valley firm's Bitcoin (BTC) centric initiative, recently made several casual tweets. Earlier on Wednesday, Square's official Twitter account tweeted:

"Hey guys. Management here. It seems the cats discovered catnip. While they're vision questing, please welcome our summer intern and inaugural hire, Gary Fuches. Let's give Gary a warm crypto welcome."

Subsequently, the "management" tweeted again, stating that Steve Lee will be joining Square Crypto instead. Lee is an alumnus of both Yahoo and Google. Lee was a managing director behind Google Maps, Google Glass and some of their mobile application branches. Lee has also made investments in Lyft, Pinterest, Groupon, and Anchor Labs. Presently, Lee volunteers for the Bitcoin Decentralized Project and is a stimulating force in the adoption of the cryptocurrency in the Bay Area.

Square described Lee as "An angel investor, startup advisor, and former Director at Google. He is also a volunteer PM helping to drive bitcoin adoption through open-source development, UX, and storytelling."

Previously in March, Twitter chief Jack Dorsey had announced that the multi-billion dollar company in Square intends to hire up to five talents for "open source contributions to the Bitcoin and crypto ecosystem." Dorsey stated that three or four spots would be reserved for engineers and the remaining seats would be left for designers. Square also claimed it would be paying their employees in a non-fiat currency.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD shoots higher following Bakkt news

Above is the 5-minute BTC/USD chart which shows the powerful surge in volume when the Bakkt announcement was made. The arrow shows the exact time of the release, prior to the story BTC/USD was trading close to 10,000.00 and bouncing off the mean value price for the day. 

More Bitcoin News

Ripple price analysis: Confluence detector shows a lack of healthy resistance and support levels

Ripple is currently trending in a flag formation and is priced at $0.259. This Thursday, the bulls kicked in after the price fell to $0.242 and took the price up to $0.264. 

More Ripple News

Cardano Foundation partners with Berlin blockchain venture studio Konfidio, market reaction muted

The Cardano Foundation revealed that they have partnered up with Berlin blockchain venture studio Konfidio. The main aim of the partnership will be to execute real-world business cases on the Cardano blockchain. According to their announcement:

More Cardano News

Ethereum: ETH/USD bear trapped below broken support range

Ethereum defended the support at $170 before a shallow recovery pulled the price above $180. ETH/USD must reclaim position in the broken support range between $190 - $200.

More Ethereum News


Bitcoin Weekly Forecast: Safe-haven or a high-yield asset? Bitcoin qualifies for both

The cryptocurrency market has been a mixed picture this week. Bitcoin attempted to settle above $12,000 practically every single day of the week...

Read the weekly forecast