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
Read moreARK Invest sells $31M in shares of Jack Dorsey’s Block
Jack Dorsey’s Bitcoin-friendly financial services firm Block saw its stock rally 13% in October, in line with bullish market action.
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20-Year Prison Sentence Looms for Man Accused of Crypto Money Laundering Scheme
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
Read moreEx-Square, Coinbase execs raise $58M for Bridge stablecoin network
Bridge seeks to build a global stablecoin payment network to rival traditional systems like Swift and credit cards.
Read moreJack Dorsey’s Block to raise $1.5B in senior notes offering
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
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Block Is Buying Bitcoin Every Month for Its Balance Sheet
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%
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