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Jack Dorsey

A collection of 6 posts

Square Launches Integrated Bitcoin Wallet and Payment System for Merchants

Square Launches Integrated Bitcoin Wallet and Payment System for Merchants

Square, the payments platform under Jack Dorsey and Block Inc., unveiled its new Bitcoin solution on Wednesday, marking a significant step toward mainstream cryptocurrency adoption for small businesses. The product, known as Square Bitcoin, equips merchants with tools to accept Bitcoin payments directly at the point of sale while managing

Exploring Jack Dorsey’s Proto Rig and Its Impact on Bitcoin Mining

Exploring Jack Dorsey’s Proto Rig and Its Impact on Bitcoin Mining

Block Inc has introduced the Proto Rig, a modular Bitcoin mining system designed to address longstanding challenges in the industry. Unveiled last month at a facility in Dalton, Georgia, the product comes from the company led by Jack Dorsey, which holds around 8,700 BTC in its treasury as of

Jack Dorsey’s Vision for Bitcoin Sparks Debate Over Its Future

Jack Dorsey’s Vision for Bitcoin Sparks Debate Over Its Future

Jack Dorsey, co-founder of Twitter and CEO of Block Inc., ignited a firestorm of discussion in the crypto community with a bold statement this morning, when he declared his vision for Bitcoin to evolve into a peer-to-peer (P2P) electronic cash system, echoing the original intent outlined in Satoshi Nakamoto’s

Jack Dorsey's Block Faces Massive $175 Million Settlement Over Cash App Fraud Issues

Jack Dorsey's Block Faces Massive $175 Million Settlement Over Cash App Fraud Issues

Jack Dorsey’s company, Block, has been slapped with a $175 million settlement related to fraud management failures within its Cash App platform by the Consumer Financial Protection Bureau (CFPB). This action was one of the last major regulatory decisions of the Biden administration, known for its stringent policies in

Cash App Discontinues Bitcoin Peer-to-Peer Transfers

Cash App Discontinues Bitcoin Peer-to-Peer Transfers

In an unexpected move, Cash App, the popular mobile payment platform under Block, Inc., which is owned by Jack Dorsey, has decided to end its peer-to-peer Bitcoin transfer feature using $cashtags by December 20, 2024. This decision follows months of federal investigations into Block's compliance practices, spotlighting the