BLOCK
Block Shares Surge 8% After Q1 Earnings Beat, Bitcoin Loss
Block’s shares jumped 8% in after-hours trading despite a $309M net loss due to Bitcoin revaluation, as Q1 earnings topped estimates.
Jack Dorsey’s Block Introduces Bitcoin Proof-of-Reserves
Block unveils proof-of-reserves for its 8,883 BTC treasury, Cash App, and Square users, aiming to boost transparency amid FTX-fueled demand for audits.
OKX Announces Listing of BlockGames (BLOCK) for Spot Trading
OKX has announced to list BlockGames (BLOCK), a decentralized player network for mobile game publishing tools, on its spot trading market, with details for deposits, trading, and withdrawals.
Kazakhstan Blocks Coinbase, Citing Digital Asset Law
Kazakhstan's Ministry of Culture and Information has blocked Coinbase due to legal conflicts with digital asset regulations, revisiting previous restrictions on other financial platforms.
Jack Dorsey's Block Appoints MIT's Neha Narula to Board of Directors
Block, Inc., led by Jack Dorsey, has appointed Neha Narula, Director of the Digital Currency Initiative at MIT Media Lab, to its Board of Directors. Narula's expertise in Bitcoin and open source technology aligns with Block's mission of economic empowerment.
Block's 5nm Bitcoin Mining Chip Prototype
Block has completed the prototype design for its 5nm Bitcoin mining chip, with plans to decentralize the supply of mining rigs through open-source technology. The company has purchased a large batch of ASIC chips from Intel to fast-track development of its proprietary 3nm chip.
TBD's Block Launches c= to Enhance Bitcoin Lightning Network
TBD, a division of Block, has launched c=, a venture aimed at improving the Bitcoin Lightning Network by providing added liquidity and routing services. The Lightning Network is a layer 2 payment network designed to make Bitcoin more accessible through faster, cheaper, and more reliable transactions.
Block on Hiring Spree for Bitcoin Mining, Wallet Hardware Businesses
According to Block's job postings on LinkedIn, the available job openings are heads of Bitcoin mining policy, communications, and partnerships among many.
Block's Q2 Earnings Beat Expectations
Block, formerly Square, generated $4.4 billion in total revenue in the second quarter of 2022, beating FactSet's average analyst estimate of $4.3 billion.
Nigeria Takes the Highest Bitcoin Optimism Levels at 60%, Survey Reads
Since knowledge feeds optimism and participation, Nigeria emerged as the top nation with the highest rates of optimism about Bitcoin’s future at 60%, according to a study by Jack Dorsey-owned Block, Inc.
Block Q1 BTC Revenue Plunges 51% Amid General Market Turbulence
Block Inc’s Cash App recorded a total Bitcoin (BTC) sale of $1.73 billion in the first quarter of 2022, a figure that plunged by over 51% from the prior quarter
Musk Abandons Twitter Board, Tesla Builds Partnership to Make BTC Mining Eco-Friendly
Tesla's boss Elon Musk decides not to join the board, who recently become the biggest shareholder in Twitter. Meanwhile, Tesla, Blockstream, and Jack Dorsey-owned Block have teamed up to power a bitcoin mining facility with solar energy.
Block's Cash App to Allow Free Bitcoin Transactions With Lightning Network
Block, formerly known as Square, owned Cash App will now allow US users to send bitcoin for free globally following its integration with the Lightning Network.
Dorsey's Payments Firm Block Starts to Begin Mining Bitcoin
Block Inc, formerly known as Square, will begin mining Bitcoin with its mining system based on custom silicon and open source for individuals and businesses worldwide.
Public Will Not Confuse Name With H&R Block, Says Block
Block Inc, formerly known as Square, has made a formal argument at a Missouri federal court stating that its new name won't confuse potential customers with tax-preparation giant H&R Block who had filed a trademark infringement lawsuit against the financial-services company.