Friday , March 29 2024
Home / Tag Archives: Jack Dorsey

Tag Archives: Jack Dorsey

Bitcoin Profits: Jack Dorsey’s Block Reports 90% Surge in BTC Gains in Q4 2023

Block, led by CEO Jack Dorsey, announced $66 million in gross profit from selling Bitcoin through its Cash App in the fourth quarter of last year. This marks a 90% increase from the previous year, according to the company’s earnings report released on Feb. 22. Block’s Bitcoin Revenue Soars to $2.5 Billion The report revealed that Block’s total Bitcoin revenue for the fourth quarter amounted to $2.5 billion, reflecting a 37% increase year-over-year. Similarly, full-year...

Read More »

Jack Dorsey Believes Bitcoin Will Drive ‘World Peace’ and ‘Energy Abundance’

In a recent interview, Jack Dorsey and Luke Dashjr shared their insights on the current state and future trajectory of Bitcoin. The interview also shed light on Ocean Mining’s innovative efforts to combat the centralization of mining pools. Bitcoin’s Journey and Future When asked about their general impression of Bitcoin’s journey so far, Dashjr remarked that Bitcoin has evolved from a “toy project” to a serious endeavor in recent years. Dorsey echoed this sentiment, stating...

Read More »

Jack Dorsey Rolls Out Self-Custody Bitcoin Wallet With Key Recovery Tool

Jack Dorsey’s Block has announced the full, global rollout of Bitkey – the firm’s self-custodial Bitcoin (BTC) wallet – in a bid to encourage HODLers to take full control of their coins. “Move your Bitcoin off the exchanges,” said Dorsey via X (formerly Twitter) on Thursday, attaching a link to Bitkey’s website which is currently selling the wallets for $150 apiece. Bitkey’s Unique Security Model Per a press release from Block on Thursday, Bitkey’s rollout is available to...

Read More »

Jack Dorsey Leads $6.2M Investment in Decentralized Bitcoin Mining Pool OCEAN

Aside from his involvement with OCEAN, Dorsey has supported many other blockchain projects with strong potential to benefit the crypto space. Wyoming-based software development company Mummolin has raised $6.2 million in an investment round led by Jack Dorsey, an American internet entrepreneur and billionaire CEO of the financial services company Block, for the launch of its decentralized Bitcoin (BTC) mining pool, OCEAN. In a press release published on November 28, the company said it had...

Read More »

Binance CEO Tops List of 2023 Most Popular Social Media Personalities in Crypto

The ranking provides a measure of the credibility and perceived influence of these personalities in the eyes of the crypto community. CoinLedger’s recent compilation of the ten most popular crypto entrepreneurs of 2023 showcases a mix of highly influential and controversial figures, with Binance CEO Changpeng ‘CZ’ Zhao securing the top spot. Binance CEO Changpeng ‘CZ’ Zhao: Leading the Charge The list, based on social media followings, provides a glimpse into the diverse personalities...

Read More »

CZ, Vitalik, and More: These Are the Most Popular Names in Crypto (Study)

The crypto space is constantly evolving, with new ideas and projects emerging now and then. The steady growth is attracting more people and, in turn, giving top names in the industry more influence. Crypto tax software firm CoinLedger has compiled a list of the most popular personalities in the digital asset industry using their respective social media followings as a yardstick. The names were obtained from a list of the 30 most influential people in the crypto sector in...

Read More »

Jack Dorsey’s Block (SQ) Jumps 12% After Bitcoin Revenue Surges In Q3

Shares for Jack Dorsey’s fintech giant Block (SQ) surged by 12% to $49.19 on Friday after the company published bullish third-quarter earnings figures a day prior. That includes increased Bitcoin revenue at the company’s payment subsidiary, Cash App, which reeled in 37% more income than during the same period last year. Block is Back Per the Thursday report, Block’s total net revenue rose by 24% year over year to $5.62 billion. When excluding “Bitcoin revenue”, this figure...

Read More »

BTC Company Azteco Garners $6 Million in New Funds

Bitcoin provider Azteco recently garnered as much as $6 million through a new funding round led by Jack Dorsey, the man behind both Block and (formerly) Twitter. The money will go towards introducing bitcoin gift cards to ensure everyone has crypto’s spending power at their fingers. Azteco Gets a Lot of Money In an interview, Dorsey said: My contribution to Azteco comes out of a deep respect for their mission. The unbanked population is immense. We have the...

Read More »