Square is opening its new service which enables businesses to receive payments from customers and fans for a 1.5% fee per transaction.
Jack Dorsey’s Block Inc. seeks to raise $1.5 billion through senior notes for general corporate purposes including debt repayment and acquisitions. The move comes as ARK Invest purchased over 262,000 shares during a recent stock decline.
Block Inc. has joined other companies on the S&P 500 in a historic move that is largely attributed to being a significant win for Bitcoin and the crypto industry.
Jack Dorsey has introduced Bitchat — a decentralized, P2P messaging platform that operates over Bluetooth mesh networks without internet dependency.
In its Q3 2024 update, Block announced plans to prioritize Bitcoin-related projects, increasing investment in mining and self-custody.
As a result of the evolving political landscape, US-based miners are seeking alternatives to Bitmain.
Dorsey’s bullish outlook for the long-term price action of Bitcoin borders on the collaborative nature of its ecosystem.
Dorsey has even been more active in Elon’s owned X. He described the platform as a ‘freedom technology’ after advising people not to depend on public corporations to grant them rights.
Apart from failing to report transactions to the appropriate authorities, revelations from the whistleblowers pointed towards deliberate concealment of transactional data within Cash App.
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’s recent offloading of Coinbase shares stands out as one of its significant divestments in 2024. Prior to Thursday’s sale, ARK sold off 270,365 shares of Coinbase on March 11.
Block announced that it will continue to focus on gaining more customers with the current employee base after registering double-digit percentage gains in gross profits.
Biden has not publicly endorsed any crypto-friendly policies.
Company’s CEO Graber confirms that Bluesky currently has about 1.6 million monthly users and about 25,000 custom feeds.
The wallet was developed by Block’s Proto Team and is in line with the fintech’s vision of increased access and global financial independence.
With the latest authorization from three US states, the X platform expanded its ability to offer financial services to users in the region.