Bitcoin is the first successful application of blockchain technology, which made it possible to create the entire crypto ecosystem we see today. Satoshi Nakamoto created Bitcoin with a vision of creating an electronic peer-to-peer payment network. His main purpose was to create a digital currency that could be used for
Jack Dorsey’s payment venture, Block, formerly Square, is making strides in its commitment to Bitcoin mining and its self-custody wallet, Bitkey. In its Q3 2024 shareholder letter, the firm mentioned the demand for its mining initiative, described as having a “strong product market fit.” This announcement was followed by Trump
Jack Dorsey-backed Bitcoin mining pool Ocean has launched a “global hub” in El Salvador via its new entity. According to the X post, the new venture, Ocean Mining S.A. de C.V., headquartered in San Salvador, aims to leverage the favorable regulatory environment in El Salvador to expand its operations and
In an effort to facilitate more international commerce in Africa, TBD, a digital payment business backed by Jack Dorsey, has established a collaboration with Chipper Cash. The business has announced plans to increase its footprint across 40 African nations. Block, which TBD is a subsidiary of, was co-founded by Jack
Bluesky is a decentralized social media network that Jack Dorsey, co-founder of Twitter and Twitter CEO in 2019, created and financed. Dorsey has since resigned from his position on the board of directors. In a post on May 5, Bluesky acknowledged Dorsey’s departure, said that it was “searching for a
Bitkey, Block’s long-awaited Bitcoin hardware wallet, has been launched by the company run by Jack Dorsey. Bitkey, a cryptocurrency wallet that costs $150, is a giant leap forward in terms of self-custodial cryptocurrency storage. It aspires to provide consumers with a more secure means of storing their Bitcoin, away from
Public access to Bluesky, a decentralized social media platform backed by Twitter co-founder Jack Dorsey, has been made available. This platform for microblogging aspires to take on the X (twitter) platform, now owned by Elon Musk. Bluesky, a decentralized social media network, is opening up to the public and has
Block led by Jack Dorsey has released a self-custody Bitcoin wallet. The makers of the wallet, which goes by the name ‘Bitkey’, said on December 7 that it would be accessible in more than 95 countries via a smartphone app or hardware storage. A secure hardware device and recovery tools
Block Inc., a company that facilitates Bitcoin payments, has announced that its gross profit for the second quarter of 2023 was $1.87 billion, up 27% year over year. In addition, Bitcoin accounted for $2.4 billion of the firm’s reported $5.5 billion in net revenue during the second quarter. Bitcoin revenue
On Thursday, Jack Dorsey’s payments firm Block announced the launch of an open beta test for its Bitkey self-custodial Bitcoin wallet. To securely transfer Bitcoin from Coinbase or CashApp to the wallet “without the friction of standard ‘copy and paste,’” the beta already contains unique interfaces with both services. Block,
