#block

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#cash-app

CFPB fines Block $175m over Cash App's lax fraud controls

Block is fined $175 million for inadequate handling of fraud claims on Cash App, highlighting regulatory concerns in digital payment systems.

Cash App fined $255 million in back-to-back settlements

Cash App faces $255 million in settlements over consumer protection violations and inadequate security measures.

Bitcoin Bets Yield $207M in Gains For Jack Dorsey's Block

Block reported a significant remeasurement gain of $207 million on its bitcoin holdings in the fourth quarter.
Block saw a 90% increase in gross profit on bitcoin sales through Cash App, with a 37% year-over-year increase in total Bitcoin revenue.

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

Block's Bitcoin Conversions feature enables Square sellers to convert daily sales to Bitcoin through Cash App, facilitating global financial empowerment via Bitcoin.

CFPB fines Block $175m over Cash App's lax fraud controls

Block is fined $175 million for inadequate handling of fraud claims on Cash App, highlighting regulatory concerns in digital payment systems.

Cash App fined $255 million in back-to-back settlements

Cash App faces $255 million in settlements over consumer protection violations and inadequate security measures.

Bitcoin Bets Yield $207M in Gains For Jack Dorsey's Block

Block reported a significant remeasurement gain of $207 million on its bitcoin holdings in the fourth quarter.
Block saw a 90% increase in gross profit on bitcoin sales through Cash App, with a 37% year-over-year increase in total Bitcoin revenue.

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

Block's Bitcoin Conversions feature enables Square sellers to convert daily sales to Bitcoin through Cash App, facilitating global financial empowerment via Bitcoin.
morecash-app
#tidal

Block Employees Ordered To Pretend That P. Diddy's Buddy Isn't On Its Board

Tidal's acquisition by Block has turned into a costly mistake, leading to revenue drops and employee layoffs.

Block scales back TIDAL investment and shutters TBD in favor of Bitcoin mining | TechCrunch

Block is reducing investments in TIDAL and shutting down TBD to focus on Bitcoin mining and its crypto wallet.

Tidal, which is in dire need of some good marketing, lays off its entire product marketing team

Tidal is undergoing significant layoffs as it transitions to a leaner, startup-like organization under the leadership of CEO Jack Dorsey.

Exclusive: Jack Dorsey's Block plans more layoffs just days after cuts at Tidal

Block's significant layoffs reflect a strategic shift for restructuring amidst financial challenges.

Jack Dorsey says layoffs coming to streaming music app Tidal - leaked email

Tidal is undergoing significant layoffs as Block's CEO suggests it needs to function like a startup to survive.

Block Employees Ordered To Pretend That P. Diddy's Buddy Isn't On Its Board

Tidal's acquisition by Block has turned into a costly mistake, leading to revenue drops and employee layoffs.

Block scales back TIDAL investment and shutters TBD in favor of Bitcoin mining | TechCrunch

Block is reducing investments in TIDAL and shutting down TBD to focus on Bitcoin mining and its crypto wallet.

Tidal, which is in dire need of some good marketing, lays off its entire product marketing team

Tidal is undergoing significant layoffs as it transitions to a leaner, startup-like organization under the leadership of CEO Jack Dorsey.

Exclusive: Jack Dorsey's Block plans more layoffs just days after cuts at Tidal

Block's significant layoffs reflect a strategic shift for restructuring amidst financial challenges.

Jack Dorsey says layoffs coming to streaming music app Tidal - leaked email

Tidal is undergoing significant layoffs as Block's CEO suggests it needs to function like a startup to survive.
moretidal
#jack-dorsey

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

Block shifts focus to bitcoin mining equipment and self-custody wallets, stepping back from Web5 and Tidal investments.

Jack Dorsey's Block invests in Bitcoin's with 10% monthly profit allocation

Jack Dorsey's firm Block plans to invest 10% of profits into Bitcoin monthly, highlighting belief in cryptocurrency and economic empowerment.

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

Block shifts focus to bitcoin mining equipment and self-custody wallets, stepping back from Web5 and Tidal investments.

Jack Dorsey's Block invests in Bitcoin's with 10% monthly profit allocation

Jack Dorsey's firm Block plans to invest 10% of profits into Bitcoin monthly, highlighting belief in cryptocurrency and economic empowerment.
morejack-dorsey
#fintech-industry

The two best fintech companies for 2024 - London Business News | Londonlovesbusiness.com

The fintech industry offers massive profit potential for investors with companies like Block and PayPal leading the way.

Block becomes the latest fintech to lay off workers | TechCrunch

Fintech company Block, which includes subsidiaries like Square and Cash App, is laying off staff due to slower business and revenue growth.
Around 1,000 employees, or 10% of Block's headcount, were impacted by the layoffs.
This adds to a trend of layoffs in the fintech and broader tech industry, with companies like PayPal and Brex also cutting staff.

The two best fintech companies for 2024 - London Business News | Londonlovesbusiness.com

The fintech industry offers massive profit potential for investors with companies like Block and PayPal leading the way.

Block becomes the latest fintech to lay off workers | TechCrunch

Fintech company Block, which includes subsidiaries like Square and Cash App, is laying off staff due to slower business and revenue growth.
Around 1,000 employees, or 10% of Block's headcount, were impacted by the layoffs.
This adds to a trend of layoffs in the fintech and broader tech industry, with companies like PayPal and Brex also cutting staff.
morefintech-industry
#cryptocurrency

Block's new crypto wallet can only be purchased with real cash

You can only purchase Block's new Bitcoin hardware wallet with a credit or debit card, not cryptocurrency.
The Bitkey wallet offers features like fingerprint sensor, USB-C charging port, and NFC chip for fund transfers.

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

Block's Bitcoin Conversions tool allows Square users to automatically convert a portion of daily sales into BTC, targeting merchants interested in diversifying holdings and accessing bitcoin easily.

Block's new crypto wallet can only be purchased with real cash

You can only purchase Block's new Bitcoin hardware wallet with a credit or debit card, not cryptocurrency.
The Bitkey wallet offers features like fingerprint sensor, USB-C charging port, and NFC chip for fund transfers.

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

Block's Bitcoin Conversions tool allows Square users to automatically convert a portion of daily sales into BTC, targeting merchants interested in diversifying holdings and accessing bitcoin easily.
morecryptocurrency

Jack Dorsey And Block Are Developing A Full Bitcoin Mining System

Block has achieved a significant milestone in developing a three-nanometer bitcoin mining chip, advancing towards decentralizing bitcoin mining hardware.

Jack Dorsey's Block Begins Shipping Bitkey Bitcoin Wallets

Bitkey self-custody bitcoin wallet by Block is now shipping after pre-orders.
Bitkey connects to Cash App and Coinbase for buying/selling BTC, has recovery tools and user security measures.
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