Jack Dorsey was not pleased with FTX CEO Sam Bankman Fried (SBF)’s recent criticisms of Bitcoin’s viability as a payments system. The Block Head confronted him yesterday over his failure to acknowledge the lightning network and provided defense for the necessity of mining. SBF’s Interview The conflict began when SBF responded to some backlash over...Read More
Twitter founder Jack Dorsey’s first-ever tweet was bought as an NFT by the crypto entrepreneur Sina Estavi for $2.9 million last year. In 2022, Estavi aims to get the NFT sold at $50M or more – as of now – the highest bid he has is for $11,500 (3.8 ETH). The tweet “just setting up...Read More
Jack Dorsey’s fintech startup Block (formerly known as Square) disclosed its gross profit for Q4 2021 stood at $1.18 billion, which is an increase of 47% year over year. In addition, the company’s sellers have adopted more of Square’s ecosystem over time, the firm added. Exceeding Results The American financial services and digital payments company...Read More
Meta (formerly Facebook) started the development of its own stablecoin Libra in 2019. Facing public backlash, it tried rebranding it to Libra. Now, Zuckerberg’s company finally gave up, selling Diem’s intellectual property to an investment bank. The former Twitter CEO, Jack Dorsey, shared his views on the failed project with Michael Saylor, the man in...Read More
The popular payments company, formerly known as Square, is venturing into the Bitcoin mining business, as confirmed by the boss in a tweet on January 14. Block’s general manager for hardware, Thomas Templeton, stated that the firm was hiring a team in an effort to make mining “more distributed and efficient in every way, from...Read More
Dorsey continues to work on new bitcoin-related endeavors by launching a new fund to provide legal defense for BTC developers. Called “Bitcoin Legal Defense Fund,” its first activity will be to assist in the ongoing Tulip Trading lawsuit. In an email sent to BTC developers, Dorsey described the new fund as a “nonprofit entity that...Read More
Former Twitter CEO and co-founder of Block Jack Dorsey continues to pursue bitcoin (BTC) mining plans as his company moves to hire a Custom Digital Design Lead. Block Advertises Bitcoin Mining-related Job San Francisco-based financial services group Block (formerly known as Square) is hiring a Custom Digital Design Lead, according to a recent job listing...Read More
Jack Dorsey was quite active on Twitter today, doubling down on his belief in Bitcoin. He asserted that people should focus on secure and resilient tech developments that are not controlled by individuals or organizations. The CEO of Square and former CEO of Twitter is among the most well-known BTC proponents, having previously said that...Read More
The price of Twitter shares shot up by double digits as news broke that the CEO of the social media giant – Jack Dorsey – has decided to quit. CNBC reported earlier on November 29th the breaking news about Jack Dorsey’s decision to step down as the chief executive officer of Twitter. The news comes...Read More
Jack Dorsey – CEO of Square – recently announced that CashApp would be available to anyone 13 years and older. Notably, CashApp offers users the opportunity to easily purchase Bitcoin alongside stocks. This may mean that, in the near future, teenagers could start purchasing BTC. Bitcoin for Teens? The CEO revealed the news for teens...Read More
Code within a recent Twitter beta suggests that the company is integrating a Bitcoin payment option for its new “Tip Jar” feature with the help of the lightning network. Tipping With Bitcoin Though Bitcoin tips are not yet available to beta users, code reveals that it could soon be implemented as a payment option alongside...Read More
The success of DeFi (decentralized finance) blockchain apps has not escaped the notice of Square Payments (NYSE: SQ) CEO Jack Dorsey. The engineer, businessman, and BTC advocate recently announced that his blockchain project, TBD, will enter the space by creating a Bitcoin DEX. Vitalik Buterin “Skeptical” About Bitcoin DEX In a recent interview, Ethereum co-founder...Read More
Twitter has chosen Jay Graber, a former developer for Zcash, a privacy-focused cryptocurrency, to lead its decentralized social media project, Bluesky. Graber announced the news via Twitter on Monday (August 16, 2021). The developer wrote and published a review of the decentralized social ecosystem back in January 2021. I’m excited to announce that I’ll be...Read More
The controversy surrounding the cryptocurrency taxation bill that might be passed in the United States has evoked a mixed reaction from crypto proponents. While the debate is still ongoing, Jack Dorsey, a popular Bitcoin advocate and CEO of the popular microblogging platform, Twitter, has recently shared his views on the matter. In a series of...Read More
Popular mobile payments platform Square announced today that it has agreed to acquire Australian financial technology company Afterpay via a multi-billion recommended court-approved “Scheme of Arrangement.” Square to Acquire Afterpay for $29B The Jack Dorsey-led company said the deal would see it acquire all of Afterpay’s issued shares for $29 billion (A$39 billion) based on...Read More
It’s safe to say that this was a rather intense week in the cryptocurrency market, despite Bitcoin being only about 2% up throughout the period. Things started off rather calmly, and the market was pretty flat until Monday. Bears took control and brought the price down to slightly above $30K before landing the final blow...Read More
Jack Dorsey, the CEO of Twitter – one of the largest social media platforms on Earth – said that Bitcoin will be a big part of the company’s future. Yesterday, July 22nd, Twitter published its Q2 2021 letter to shareholders, as well as its Q2 Earnings Conference Call. During the call, Jack Dorsey discussed many...Read More
Details were thin on the ground in Dorsey’s July 15 tweet, but the company CEO said that it would launch a platform for developers to create non-custodial decentralized finance projects built around Bitcoin. Twitter CEO Dorsey added that the project will be completely open-source, just like its new Bitcoin hardware wallet. He continued to state...Read More
A month after dabbling with the idea of developing a BTC hardware wallet, Square’s Jesse Dorogusker said the company has decided to do it. He outlined the community’s engagement as the primary reason behind the firm’s decision. CryptoPotato reported in early June when Jack Dorsey, the CEO of Square and a prominent Bitcoin bull, said...Read More
After laughing at Jack Dorsey’s proposition for a Bitcoin conference earlier, Elon Musk has actually agreed to a BTC conversation with the CEO of Twitter at the event. As reported earlier, Elon Musk likes to have fun with the cryptocurrency community. Perhaps that’s why he initially laughed at Jack Dorsey’s most recent Bitcoin endeavor. The...Read More
This comes on the back of a large Bitcoin dip following the most recent news that came from Tesla and its decision to halt bitcoin payments for its products. A Slowdown of Enthusiasm The unbridled electric energy in the air surrounding Bitcoin briefly halted after major cryptocurrencies plunged over 20% shortly following Elon Musk’s announcement...Read More
Jack Dorsey, the CEO of one of the largest social media platforms, Twitter, will be converting the proceeds of the sale of the genesis tweet in Bitcoin and donate it to the GiveDirectly’s Africa Response Campaign. Earlier during the weekend, CryptoPotato reported that Jack Dorsey has put up the genesis tweet for sale. This became possible through...Read More
In another bit of bullish news over the past few days, the CEO of one of the world’s largest social media platforms – Twitter’s Jack Dorsey, and renowned artist Jay-Z, have set up a 500 BTC trust to fund Bitcoin development with a primary initial focus on Africa and India. Shawn Corey Carter, better known...Read More
Twitter CEO Jack Dorsey and Rapper Jay Z have come together to make a 500 Bitcoin donation to teams in Africa and India. The Twitter Co-Founder updated his status on the platform to announce the collaboration earlier today. JAY-Z/@S_C_ and I are giving 500 BTC to a new endowment named ₿trust to fund #Bitcoin development,...Read More
Yesterday’s events were a milestone for the larger crypto-industry, with Tesla emerging to become the first Fortune 500 company to announce its successful purchase of Bitcoins. What’s more, Tesla’s $1.5 billion allocation in Bitcoin fueled an instant spike in demand, sending the price of the market’s leading cryptocurrency to a new all-time high of $48,025....Read More
Jack Dorsey’s flirtation with bitcoin is becoming a full-on affair – but the Twitter CEO is love-blind if he can’t see bitcoin’s blemishes. The post Twitter’s Jack Dorsey Is Dangerously Wrong About Bitcoin’s Role as World Currency appeared first on CCN.com The post appeared first on CCNRead More
Jack Dorsey’s Square Crypto is working to solve bitcoin’s scalability problem. A multi-trillion-dollar market cap could be at stake. | Image: REUTERS / Charles Platiau / File Photo Jack Dorsey is working on a kit that can help integrate Lightning Network to bitcoin wallets. Dorsey’s Square won a patent for a crypto-to-fiat payment system. Bitcoin...Read More
Jack Dorsey’s crypto division is focused on giving developers greater flexibility with Bitcoin and Lightning Network technology to streamline bitcoin wallets. | Credit: AP/Francois Mori Square Crypto is building a Lightning Dev Kit that will give developers more flexibility for Lightning tech and bitcoin wallets. Square’s crypto arm expects that bitcoin payments will overtake cash....Read More
Bitcoin (BTC) probably doesn’t need much introduction after going mainstream and highly visible in 2017. But adoption is still in its very early stages, and more thought leaders, celebrities and businessmen are getting on board. Internet Money, Finance Disruptor: How Celebrities See Bitcoin The idea of a borderless Internet currency seems to appeal to some...Read More
Despite calls for its imminent demise, bitcoin has printed higher lows almost every year since it was born. Here are four reasons why the leading cryptocurrency is just getting started. | Image: shutterstock.com Bitcoin delivered investors the highest return on investment (ROI) of any security in any asset class in the 2010s. Jack Dorsey’s Square...Read More
