Jack Dorsey News

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.

Unlike traditional messaging apps that rely on internet infrastructure, Bitchat operates on direct device-to-device communication.

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.

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.

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.

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.

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.

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.

The Bitcoin Development Mailing List on Google Groups was banned for several hours, and one moderator thinks it may have been an intentional attack.

“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.

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.

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.

Jack Dorsey’s Bitcoin-friendly financial services firm Block saw its stock rally 13% in October, in line with bullish market action.

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.

The app, one of the products of payments firm Block, has been operating in the United Kingdom since 2018.