Block
Block, a company focused on developing financial solutions via its subsidiaries Square, Cash App, Spiral, TIDAL, TBD. Founded by Twitter CEO Jack Dorsey, Block aims to leverage the power of Bitcoin to create a more inclusive and accessible financial system. With a focus on privacy, security, and user empowerment, Block is exploring new ways to enable individuals and institutions to manage their assets, transact seamlessly, and access financial services without intermediaries. Follow Blockworks for the latest news, insights, expert analysis, and comprehensive coverage of Block and related companies.

Block plans to create custom silicon for bitcoin mining hardware to bring decentralization to the industry

MicroStrategy is finally back in the green on its bitcoin, but the same can’t be said for other companies

Buying the dip on company stock was the right move for insiders, but those who sold the local bottom have left millions on the table

Impairment costs remain a concern for companies despite long-term buying opportunities

Major stocks led by crypto bulls Elon Musk, Jack Dorsey and Michael Saylor are together down more than $2 billion on their bitcoin to date

Jack Dorsey’s vision for decentralized internet will be built solely on the Bitcoin blockchain

Block’s earnings last quarter were healthy overall, but its bitcoin revenue fell significantly since this time last year

The mine, first announced in June 2021, will be powered by Tesla’s solar array and Megapack battery

Share prices for Block jumped more than 40% to a high of around $118 per share before cooling slightly to around $109

Through COPA, Meta pledged to not enforce its core cryptocurrency patents against any individual or company, except for “defensive reasons”

The move marks a significant first for the country to list a crypto-related company

Lightning Network is a decentralized protocol that uses smart contracts on top of blockchain-based cryptocurrencies like bitcoin

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

The blockchain intelligence company provides tools to detect crypto fraud and financial crime. Tiger Global led the funding round.
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