Block’s inclusion in the S&P 500 comes just two months after crypto exchange Coinbase made history as the first cryptocurrency firm to join the index.
Jack Dorsey News
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Unlike traditional messaging apps that rely on internet infrastructure, Bitchat operates on direct device-to-device communication.
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Sun Day is the second app that the Twitter co-founder has launched in the last week, and it was built using Block’s artificial intelligence assistant, Goose.
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Block CEO Jack Dorsey has released a white paper and launched a beta for Bitchat, a decentralized messaging app using Bluetooth mesh networks for internet-free, encrypted communication.
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Block, Inc. is rolling out Bitcoin payments on Square, and merchants will be able to hold the Bitcoin, or auto-convert it to fiat in real-time.
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Block Inc. CEO Jack Dorsey was among those supporting a proposal to remove satoshis as Bitcoin’s base unit, but others strongly oppose the change.
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The New York Department of Financial Services determined that Cash App was in violation of consumer protection laws and failed to monitor “high-risk” BTC transactions.
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Despite coming under fire for integrating MobileCoin payments in 2021, Signal continues to support it as the only in-app payment option, according to its website.
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The Bitcoin Development Mailing List on Google Groups was banned for several hours, and one moderator thinks it may have been an intentional attack.
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“The company is engaging in conversations with NYDFS to determine whether this matter can be settled on acceptable terms,” Block Inc. said in a regulatory filing.
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Seán Murray claims Bitcoin’s first transaction was made on Jack Dorsey’s mother’s birthday while Satoshi mined their last block on Dorsey’s father’s birthday.
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While firms like Tesla are already in the S&P 500, VanEck’s Matthew Sigel says Block may become the first company in the index with an “explicit strategy” for accumulating Bitcoin.
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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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Block’s Bitcoin revenue exceeded $2.61 billion during the second quarter of 2024, contributing to a total net revenue of $6.16 billion for the period.
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The app, one of the products of payments firm Block, has been operating in the United Kingdom since 2018.
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