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Tag Archives: Jack Dorsey

Block to Unveil New Do-It-Yourself BTC Mining Kits

Block – the company formerly known as Square and run by Jack Dorsey of (past) Twitter fame – is looking into building what it’s calling a “mining development kit (MDK). Block Wants to Boost Bitcoin Mining Opportunities The goal is to establish a do-it-yourself bitcoin and crypto mining kit that retailers and individuals can use to extract their own units from the blockchain. Dorsey and his crypto-fanatical cronies are hoping this will help to educate more people about...

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Jack Dorsey’s Block Posts Heavy Bitcoin Revenues in 2022

Bitcoin and other forms of digital currency may have been hit hard pricewise over the last 13 months, but Block – the payment company formerly known as Square and started by ex-Twitter head Jack Dorsey – has posted strong growth revenue and profits for the fourth quarter of 2022 primarily thanks to its Cash App digital wallet protocol. Block and Bitcoin… A Perfect Match? Bitcoin suffered its worst year on record in 2022. The world’s number one digital currency by market...

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Only Verified Twitter Users Will Appear in ‘For You’ Feed, Elon Musk Says

In addition to the news that only tweets from verified users will appear in the For You tab, the Twitter boss also declared that unverified users would no longer be able to vote in polls. Popular billionaire and Twitter owner Elon Musk said that only verified users would pop on the “For You” recommendation feed moving forward. This is the latest change the CEO is making to the social media platform since he acquired the company and assumed the top position in October 2022. One of the major...

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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. No one takes advantage of the dip in crypto-related stocks like Cathie Wood’s American investment management company, Ark Invest. For the second straight day, the company made strategic acquisitions of both the shares of crypto exchange Coinbase Global inc (NASDAQ: COIN) and payment service provider, Block Inc (NYSE: SQ). As gleaned from...

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Hindenburg Drops Astonishing Details on Jack Dorsey’s Block, Payment Firm Fires Back

After a 2-year investigation, Hindenburg concluded Block (previously known as Square) “systematically took advantage of the demographics it claims to be helping.” The report accused the firm of facilitating “fraud against consumers and the government” as well as “avoiding regulation.” It further called Block’s loans and fees to be “predatory” in nature and designed to “mislead investors with inflated metrics.” The US-based short seller said its research involved numerous...

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Block’s Shares Jumped 7% Despite Declining Q4 Bitcoin Revenue

Block (formerly known as Square) – an American multinational technology conglomerate founded by Jack Dorsey – disclosed $1.83 billion of bitcoin revenue generated from its Cash App payment service in Q4, 2022.  The figure was nearly $2 billion in the fourth quarter of 2021, and the company blamed the decline of the crypto market for the downturn. However, Block’s shares climbed nearly 7% after reporting positive overall financial results. BTC Revenue Drops 7% YoY Block’s...

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