Block’s earnings last quarter were healthy overall, but its bitcoin revenue fell significantly since this time last year
Share prices for Block jumped more than 40% to a high of around $118 per share before cooling slightly to around $109
The move marks a significant first for the country to list a crypto-related company
The endowment’s mission is to “make bitcoin the internet’s currency,” 22-year-old Board Member Abubakar Nur Khalil told Blockworks
Join Jason Yanowitz and Santiago Santos as they sit down to discuss the activity and buzz of crypto this week.
Twitter founder and Block CEO Jack Dorsey’s Bitcoin maximalism was on display in reply to a question from Cardi B, while sharing that he’s bearish on Web3
“I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said in a statement.
Dorsey says that mining needs to be distributed and is in the hands of too few people.
“We believe Bitcoin will be the native currency of the internet. While there are many projects to help make the internet more decentralized, our focus is solely on a sound global monetary system for all,” Mike Brock, the TBD lead at Square said.