Block, Inc. co-founder Jack Dorsey told shareholders its Bitcoin-buying plan, saying its an “investment in a future where economic empowerment is the norm.”
Block, Inc. Q1 results top estimates, shares jump after-hours
Block’s first-quarter 2024 results beat Wall Street analyst estimates on earnings and revenue which saw its share price surge after the bell.
Jack Dorsey’s Block Adding More Bitcoin to Balance Sheet, Presents Road Map for Others
The payments firm announced the news alongside its first quarter earnings report on Thursday afternoon.
Some Square Users Can Now Convert Their Dollars to Bitcoin Via Cash App
Bitcoin Conversions will charge a flat 1% fee to automatically convert a portion of merchant revenues into BTC.
Thailand to Block Access to ‘Unauthorized’ Crypto Platforms
Authorities in Thailand have decided to block “unauthorized” crypto platforms to increase the efficiency of law enforcement in solving the problem of online crime, an announcement on Friday last week said.
ARK Invest Coinbase Share Sale Takes December Total Close to $200M
Cathie Wood’s investment firm also sold GBTC stock while increasing its holdings of Block.
Jack Dorsey’s Block Bitkey Bitcoin Wallet Comes to Market in More Than 95 Countries
Jack Dorsey’s company’s new self-custody wallet consists of an app, hardware device and recovery tools.
Bitcoin miner Marathon mines invalid block in failed ‘experiment’
Marathon said the bug emanated from its experimental mining pool used to research ways to optimize operations.
Apple May Not Like It, but ‘Zapple Pay’ Finds Workaround for Bitcoin Tipping on Damus
The new third-party payment service claims to be independent of the Damus iPhone app that Apple has tried to restrict, and lets users tip one another on any app that runs on the Nostr protocol.
Jack Dorsey-Backed Bitcoin Wallet Bitkey To Integrate With Coinbase and Cash App
Public beta testing will begin in a few weeks according to parent company Block.
Jack Dorsey courts controversy by claiming ETH is a security
Since Binance and Coinbase were sued for offering unregistered securities, Dorsey has tweeted posts promoting a focus on Bitcoin development.
Jack Dorsey-backed TBD Launches New Web5 Toolkit to Decentralize the Internet
The official announcement by the unit of Block (SQ) was made Thursday at the Bitcoin 2023 conference in Miami Beach, Florida.
Ethereum Briefly Stopped Finalizing Transactions. What Happened?
The loss in finality meant that blocks could have been tampered with, and while it isn’t supposed to affect end-user experiences, it did lead to some inconveniences for some applications.
Ethereum Resumes Finalizing Blocks after Second Performance Hiccup in 24 Hours
Finality refers to the guarantee that a block cannot be altered and removed from the Ethereum blockchain.
Ethereum Mainnet Was Unable to Fully Finalize Transactions for 25 Minutes
Developers resolved the finalization issues and are investigating what caused the outage.
Cash App Bitcoin revenue tops $2 billion in the first quarter
Block’s Q1 earnings report reveals a 25% year-on-year increase in Bitcoin revenue from the fintech firm’s flagship product Cash App.
Block’s Q1 Bitcoin Revenue Rises 18% From Q4, Gains 25% From a Year Ago
For the full year, Block’s bitcoin revenue declined 29% from 2021 due to the fall in the price of bitcoin, the company said.
Jack Dorsey’s Block Snaps Up Bitcoin Mining Chip as Intel Winds Down Production
Block’s bitcoin mining products could come as early as early next year.
What Hindenburg Research’s Takedown of Block Says About Money and Crime
Expecting centralized money services to halt crime only helps politicize money and disempower users.
ARK Buys the Wells Dip With $17.7 Million COIN Purchase
Coinbase shares tumbled 16% Thursday, after the company disclosed late Wednesday it had received a Wells Notice from the Securities and Exchange Commission.