Jack Dorsey wants to decentralize Bitcoin mining with new investment

Twitter (now X) co-founder and Bitcoin (BTC) advocate Jack Dorsey is backing a new BTC mining pool to help miners regain control of block rewards and transaction fees.Dorsey has led a $6.2 million seed round for Mummolin, the parent company of the new decentralization Bitcoin mining pool c ...

CZ, Buterin, Dorsey top crypto social media popularity charts as SBF clings to 10th place

A mix of highly influential and controversial entrepreneurs make up the latest list of the ten most popular crypto entrepreneurs based on their social media presence, with Binance CEO Changpeng ‘CZ’ Zhao leading the pack in first place and convicted fraudster Sam Bankman-Fried trailing& ...

Jack Dorsey’s Block had $5.62B in revenue, $44M in Bitcoin profits in Q3

Jack Dorsey-led Block, a Bitcoin-focused fintech company, published its third-quarter earnings report on Nov. 2 that revealed a profitable quarter for the firm, surpassing analyst estimates. The firm saw $5.62 billion in revenue in the third quarter of 2023, boosted by strong revenue ...

Jack Dorsey’s ₿trust acquires African Bitcoin organization Qala

₿trust, a non-profit organization funded by Twitter (now X) co-founder and Bitcoin (BTC) advocate Jack Dorsey, is scaling up its programs in Africa with a new acquisition.The non-profit has acquired Qala, an organization dedicated to training Bitcoin and Lightning engineers in Africa. The ...

Block posts 34% increase in Bitcoin revenue in Q2 but shares stumble

Shares in payment technology firm Block Inc. tumbled after hours despite its second-quarter results beating earnings expectations, including a 34% year-on-year increase in Bitcoin (BTC) revenue.In a Q2 earnings call, Block reported a whopping $2.4 billion in Bitcoin sales on its Cash App p ...

Crypto offers Africans a ‘lifeline’ from inflation and corruption, say execs

While many investors in the West may look to crypto to speculate the next biggest trend, blockchain technology is actually solving “real-world problems” in Africa such as hyperinflation and "corruption," executives told Cointelegraph.Speaking to Cointelegraph, Chris Maurice, fo ...

Jack Dorsey courts controversy by claiming ETH is a security

Long-time Bitcoin (BTC) advocate Jack Dorsey has found himself in a Twitter war with several crypto industry pundits after he responded with “yes” to a question asking if Ether (ETH) was a security.The comment caught the attention of Udi Wertheimer, a Bitcoin Ordinals developer ...

Jack Dorsey tips pro-crypto candidate Robert Kennedy to win presidency

Twitter founder and current CEO of fintech firm Block Inc., Jack Dorsey has thrown his weight behind pro-crypto Democrat presidential candidate Robert F. Kennedy Jr. “He can and will,” wrote Dorsey, sharing a YouTube clip from Fox News, featuring Kennedy explaining how he ...

Block’s CEO Becomes Major Investor in Bitcoin Startup Azteco, Raises $6 Million

Block's CEO became the biggest investor during the investrun of bitcoin startup Azteco. In total, the company managed to raise $6 million. Azteco offers a simplified way to buy bitcoins for people who do not have bank accounts. ...

Azteco: Simplifying BTC Purchases for the Unbanked Population in Latin America

It's a startup for offline BTC purchases It's very popular in Latin America The company has raised $6 million in investment in a new round A former Twitter director (and current Block head) Jack Dorsey has led a funding round for startup Azteco. This ...

Cash App Earns $2.2 Billion from Bitcoin Trading in Q1 2023, Block’s Revenue Increases

Cash App sold $2.2 billion worth of bitcoins It brought Jack Dorsey $50 million in revenue Block grew revenue overall Fintech firm Block reported Q1 earnings. Here we see the brilliant results of the Cash App division. Bitcoin trading brought them $2. ...

In April, crypto-scanners collected a “catch” of $103 million

This is what the CertiK report Exploits played a special role here Let's explore in detail Analysts at CertiK presented the traditional report on cryptocurrencies. ...

Jack Dorsey’s Block Company Develops Prototype ASIC Chip for Decentralized Bitcoin Mining

Jack Dorsey's Block Company has completed development of a prototype ASIC chip that should accelerate the market entry of an open-source bitcoin mining rig. The Block team claims the new five-nanometer (5nm) chip will be the key to decentralizing bitcoin mining. It will ...