
Jack Dorsey’s Block Inc Doubles Down on Bitcoin Mining, Shifts Focus Away from Music Streaming
In its Q3 2024 update, Block announced plans to prioritize Bitcoin-related projects, increasing investment in mining and self-custody.
Square is opening its new service which enables businesses to receive payments from customers and fans for a 1.5% fee per transaction.
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.
Aside from his involvement with OCEAN, Dorsey has supported many other blockchain projects with strong potential to benefit the crypto space.
The ranking provides a measure of the credibility and perceived influence of these personalities in the eyes of the crypto community.
This lawsuit adds to Apple’s recent antitrust challenges. In September, a US judge ruled that payment card issuers could sue Apple over alleged anti-competitive practices related to its Apple Pay mobile wallet.