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Block Inc’s Bitcoin revenue stagnates in Q3, shares drop 12% on revenue miss

[Nov 8 1:21 AM] Block missed its revenue estimates for Q3 and said it is “winding down” its DeFi business to shift money into its Bitcoin mining and wallet businesses.

Jack Dorsey's Square to Invest More in Bitcoin Mining and Shut Decentralized 'Web5' Venture

[Nov 7 11:23 PM] The company's shares fell after reporting third quarter sales that missed estimates by 4%.

ARK Invest sells $31M in shares of Jack Dorsey’s Block

[Oct 29 9:01 AM] Jack Dorsey’s Bitcoin-friendly financial services firm Block saw its stock rally 13% in October, in line with bullish market action.

20-Year Prison Sentence Looms for Man Accused of Crypto Money Laundering Scheme

[Oct 18 6:30 AM] A North Carolina man has been indicted for allegedly laundering more than $380,000 in a wire fraud scheme, according to the Department of Justice. The suspect is accused of moving illicit funds through payment platforms and cryptocurrency…

Former Square, Coinbase execs raise $58M for Bridge stablecoin network

[Aug 30 9:21 AM] Bridge seeks to build a global stablecoin payment network to rival traditional systems like Swift and credit cards.

Jack Dorsey’s Block to raise $1.5B in senior notes offering

[May 6 11:05 AM] Fitch Ratings notes that Block has used convertible debt for external funding since its IPO and is well-positioned to exploit the growth in payments and consumer financial services.

Block Is Buying Bitcoin Every Month for Its Balance Sheet

[May 4 3:35 PM] Block Inc. has announced its strategy of regularly purchasing bitcoin for its corporate balance sheet via dollar-cost averaging (DCA). The company plans to allocate 10% of its monthly gross profit from bitcoin products towards investments in the…

Jack Dorsey’s Block to use 10% of Bitcoin profit to buy BTC every month

[May 2 5:52 PM] Block, Inc. co-founder Jack Dorsey told shareholders its Bitcoin-buying plan, saying its an “investment in a future where economic empowerment is the norm.”

Block shares see after-hours bump as Q1 results top estimates

[May 2 3:33 PM] Block’s first-quarter 2024 results beat Wall Street analyst estimates on earnings and revenue which saw its share price surge after the bell.

US probes Jack Dorsey’s Block, Inc. over financial transactions: Report

[May 1 8:42 PM] U.S. prosecutors are reportedly investigating the fintech firm after a whistleblower claimed it processed thousands of transactions for users from sanctioned countries and terrorist groups.

Square merchants can now convert up to 10% of sales to Bitcoin via Cash App

[Apr 25 2:03 PM] Block gets 1% of every conversion.

Block Unveils Bitcoin Conversion Feature for Square Merchants 

[Apr 24 7:35 PM] On Wednesday, Block, the financial services firm, disclosed that merchants using Square can convert their daily sales into bitcoin through the Cash App. Block’s founder, Jack Dorsey, revealed this update on X, and as of today, merchants have…

Block Enables Millions of Square Sellers to Convert Sales to Bitcoin With Cash App

[Apr 24 8:00 AM] Block, a global technology company focusing on financial services, has announced the launch of Bitcoin Conversions, a feature that allows millions of Square sellers to convert a percentage of their daily sales to Bitcoin using Cash App, according…

Some Square Users Can Now Convert Their Dollars to Bitcoin Via Cash App

[Apr 24 8:00 AM] Bitcoin Conversions will charge a flat 1% fee to automatically convert a portion of merchant revenues into BTC.

Jack Dorsey’s Block had $5.62B in revenue, $44M in Bitcoin profits in Q3

[Nov 3, 2023 4:15 AM] Block didn’t incur any impairment loss on its Bitcoin holdings, and Bitcoin revenue contributed as much as 43% of its total revenue.

Crypto Biz: Twitter’s DOGE bet, Canada’s new crypto conglomerate, UK banking news

[Apr 7, 2023 3:30 PM] This week’s Crypto Biz explores Canada’s new crypto conglomerate, the recent premature passing of the Cash App creator in San Francisco, as well as DOGE news, and U.K. crypto challenges.

Cash App creator dies following stabbing in San Francisco

[Apr 4, 2023 11:51 PM] Bob Lee, the creator of Cash App and the former technology chief at Square, has died after an unknown attacker stabbed him.

Jack Dorsey's Block Tumbles 17% After Short-Seller Hindenburg's Report

[Mar 23, 2023 7:22 AM] Notable short seller Hindenburg Research accuses Block of "wildly" overstating user counts, while understating customer acquisition costs.

Jack Dorsey’s TBD launches ‘C=’ to improve Bitcoin Lightning Network

[Mar 4, 2023 4:50 AM] C= (pronounced C equals) aims to further the reach of the Bitcoin Lightning Network through added liquidity and routing services.