Block Inc in Talks with Regulators Over Compliance Woes
Block Inc is in settlement talks with NYDFS over compliance violations relating to its Bitcoin program.
Block Inc Surpasses Coinbase in Market Cap amid Crypto Stocks Struggle
Throughout this year, the performance of Coinbase stock has been a really turbulent one.
Bitmain’s Dominance in Bitcoin Mining Faces New Threats
As a result of the evolving political landscape, US-based miners are seeking alternatives to Bitmain.
Jack Dorsey-Led Block Finishes Development of 3nm Bitcoin Mining Chips
Block Inc stated that their mining chips will use the most advanced semiconductor process currently available and will deliver the performance required for mining operators of all types to survive.
Ark Invest Continues to Trim Holdings in Coinbase (COIN) and GBTC
Amidst the sell-off, Ark Invest has strategically acquired 158,334 shares ($12.1 million) in Jack Dorsey’s Block Inc for its Next Generation Internet ETF.
Block Inc’s Cash App Records 34% Surge in Q2 2023 Bitcoin Sales
One of the standout aspects of Block’s financial report is its strategic approach to Bitcoin investments.
Icahn Enterprises (IEP) Stock Falls 15% amid New Regulatory Probe
The whole saga has led IEP stock lower with prices dropping 15.14% to $32.22 at the close of trading on Wednesday.
Ark Invest Continues on Coinbase Stacking
Ark Invest is also interested in Jack Dorsey’s payment firm Block after short-seller Hindenburg Research published a damning report on the company.
Block Floats New Subsidiary to Help Enhance Lightning Network
With the new outfit, Block Inc will now have a defined presence, not just as a promoter, but as a major stakeholder in the Lightning Network ecosystem.
Block’s TBD Moves to Trademark Web5
TBD has decided to trademark Web5 to prevent confusion over its meaning and ensure the use of the term as proposed.