Jack Dorsey
Bitcoin purist Jack Dorsey says that his firm is reluctantly giving in to stablecoin craze
The shift comes as stablecoins surge in popularity and competitors like Stripe and PayPal add stablecoin options, increasing market pressure.
MARA and Block jump double digits in pre-market trading while CoreWeave sinks
Mixed fourth quarter results highlight divergence between AI expansion plays and margin pressure.
The Protocol: Vitalik Buterin's Latest Proposal – Transaction Gas Cap
Also: Jack Dorsey’s Bitchat, Volkswagen and Hivemapper Team Up, and EigenLabs Layoffs.
Jack Dorsey Unveils Bitchat: Offline, Encrypted Messaging Inspired by Bitcoin
Much like Bitcoin eliminates reliance on centralized intermediaries in finance, Bitchat would removes central authorities from digital communication.
Block Agrees to $40M Settlement With New York Over Faulty Money-Laundering Controls
The payments and blockchain firm has agreed to an outside monitor as it resolves its compliance with New York regulations.
Jack Dorsey Says Bitcoin Price Will Go Beyond $1 Million in 2030
Dorsey, who led the social media platform from 2015 to 2021, developed a strong interest in crypto during that time and is now fully focused on the sector.
Jack Dorsey Leaves BlueSky Board, Touts 'Freedom Technology' of X and Nostr
The former Twitter CEO announced its backing of the social networking startup in December 2019 in an effort to decentralize social media.
Coinbase's Blowout First Quarter; Could Hong Kong ETFs See $1B AUM by 2024 End?
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including the blowout first quarter of Coinbase where the crypto exchange reported net income of $1.2 billion. Plus, Kraken's indices provider predicts that spot ETF products in Hong Kong will reach $1 billion in AUM by the end of 2024. And, Jack Dorsey's Block doubles down on bitcoin.
Jack Dorsey's Block Adding More Bitcoin to Balance Sheet, Presents Road Map for Others
The company announced the news alongside its first quarter earnings report on Thursday afternoon.
Jack Dorsey’s Block Is Building a Bitcoin Mining System
The firm also completed the development of its three-nanometer mining chip, which it had been working on since April 2023.
