Fri, March 29

Jack Dorsey’s Block Develops High-Performance Bitcoin Mining ASIC

The prototype design of a high-performance Bitcoin mining ASIC at 5 nanometers has been completed by Jack Dorsey’s business, Block. On April 28, 2023, the corporation updated its website with the news. The American company acknowledged the technological and financial difficulties of manufacturing bitcoin mining ASICs. As a result, there

April 30, 2023 1 min read

Decentralized Twitter Rival ‘Bluesky’ Releases Android App

Bluesky, backed by Twitter’s former CEO Jack Dorsey, is a decentralized Twitter rival that has just released an Android app. The Android release of the platform follows the March app released for iOS. For the time being, access to Bluesky is limited to those who have been invited by an

April 21, 2023 1 min read

Cathie Wood Led Ark Invest Buys Block Inc Shares Amid 15% Price Plunge

On Thursday, March 23, in the wake of the short seller report by Hindenburg Research, Block Inc. (NYSE: SQ) stock was bought in large quantities by Ark Investments founder and CEO Cathie Wood. The prices of the stock fell 15% amid the recent Hindenburg report on Jack Dorsey-led Block. Ark

March 24, 2023 2 mins read

Web5 Obtains Trademark by Jack Dorsey’s TBD

Jack Dorsey has been engaged in a label project called ‘Web5’, since resigning from his position as CEO of Twitter in November 2021. As TBD, the bitcoin-focused subsidiary of Dorsey’s Block is seeking to trademark the word “Web5” to avoid confusion regarding the term’s meaning and prevent unauthorized usage of

November 30, 2022 2 mins read

Jack Dorsey Beta-Testing “Bluesky” App Amid Elon Musk’s Twitter Deal

Bluesky, a decentralized social network, is aiming for the beta test. Bluesky would act as a robust and transparent norm for public conversation. Jack Dorsey, the co-founder and former CEO of Twitter is beta-testing a new social networking platform. Dorsey had announced that his decentralized social service Bluesky was calling

October 29, 2022 1 min read

‘Block’ Under Scrutiny by Consumer Financial Protection Bureau

Cash App’s handling of customer complaints and disputes is the subject of the probe. The deadline for 2021 compliance was also December 5, 2021. Block Inc., founded by Jack Dorsey, is being sued by the Consumer Financial Protection Bureau (CFPB). The Consumer Financial Protection Bureau claims that Block did not

August 21, 2022 2 mins read

Jack Dorsey’s Block Inc Registers $1.5B in Q2 Profits

The American-based Block Inc, reports $1.5B in Q2 profits. The firm generated only $41 million, through the BTC trading service. The digital payments company, Block Inc., formerly Square, has released its Q2 result. The financial service, owned by former Twitter CEO, Jack Dorsey saw its year-over-year (YoY) profits jump 29%

August 5, 2022 1 min read

Blocks ‘TBD’ Division Announces Plans to Construct Bitcoin Lightning Network

Nick Slaney discussed how worldwide payments might be made at low costs. The plan to construct a lighting network architecture would include community plans. The TBD business unit of Block, led by Jack Dorsey, has revealed plans to construct a bitcoin lightning infrastructure. When asked about his plans, Block’s product

June 15, 2022 1 min read

Popular Rapper Jay Z and Jack Dorsey Announce Bitcoin Academy

The students’ meals will be served during class time. Jay-Z and Dorsey have invested in other blockchain firms, including Alchemy. On Jay-Z’s home turf of Brooklyn, New York City, Jack Dorsey and Jay-Z collaborated to develop the Bitcoin Academy. The community of Marcy Houses will soon be able to learn

June 10, 2022 1 min read

Jack Dorsey Owned Block Partners With Apple to Offer ‘Tap to Pay’

A contactless payment system does not need extra hardware. Block’s shares rose by 7% to a new 52-week high of $89. Apple’s iPhone will be able to use Square’s ‘tap to pay’ payment function. The new technology is still being developed and will only be tested with a small number

June 4, 2022 2 mins read