Cash App generated $66 million in Bitcoin gross profit in Q4 2023, up 90% year-over-year.
Jack Dorsey News
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Many former Block employees posted messages to LinkedIn suggesting the staff cuts had been expected since 2023.
4844Users who lose their Bitkey wallet don’t need to input a seed phrase to recover funds, the company said.
6186Ocean, which raised $6.2 million in a funding round led by Jack Dorsey, plans to enable miners to get block rewards directly from Bitcoin.
6171MicroStrategy co-founder Michael Saylor and ARK Invest CEO Cathie Wood complete the top five rankings for most followed crypto entrepreneurs on social media.
27463Block didn’t incur any impairment loss on its Bitcoin holdings, and Bitcoin revenue contributed as much as 43% of its total revenue.
88040As part of the acquisition, Qala is rebranding as the ₿trust Builders Programme, aiming to drive development and education across the Global South.
6586The rise in cryptocurrency prices and non-trading revenues became key to profitability for many crypto-focused companies.
3792Bitcoin profits on Block’s Cash App dropped slightly from the first quarter of 2023 but remain up 7% from this time last year.
8277Armstrong confirmed that Coinbase was looking into adding support for the Bitcoin Lightning Network and reassured its support for Bitcoin payments.
5388Chris Maurice, founder and CEO of crypto exchange Yellow Card said in Africa, crypto isn’t the “casino” it can sometimes feel like in the West.
5493The fund reported it had distributed more than $500 million to projects, including the Tor Project, the Signal Technology Foundation and the Calyx Institute.
4452Since Binance and Coinbase were sued for offering unregistered securities, the longtime Bitcoin advocate has tweeted posts promoting a focus on BTC development.
12217Twitter founder Jack Dorsey has thrown his weight behind Democratic presidential candidate Robert Kennedy Jr.
6769Block’s Q1 earnings report reveals a 25% year-on-year increase in Bitcoin revenue from the fintech firm’s flagship product, Cash App.
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