Block
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.
Polymarket users profit from ZachXBT's investigation
After blockchain sleuth ZachXBT teased an investigation into a crypto firm, insiders seemingly bet heavily on Axiom before the news broke. With wallets netting 7x returns and Axiom admitting they were contacted beforehand, did the subjects of the investigation profit from their own exposure? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
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.
Analysis: Block’s retreat to 2019 scale could be a hint of deeper shifts in payments economics
While Jack Dorsey cites AI-enabled productivity gains as the reason for Block's cuts, the deeper shift is in payments plumbing: stablecoin settlement threatens to compress the fee stack that fintech acquirers have relied on for years.
Block weighs cutting up to 10% of jobs: Bloomberg
The company has told hundreds of employees their jobs are at risk as part of a broader overhaul.
Cathie Wood's Ark Invest Adds $30.9M of Shares in Jack Dorsey's Block
The buys were made across three Ark's ETFs.
Square Launches Bitcoin Payment Tools for Small Businesses
The features allow U.S. sellers to accept BTC, convert fiat sales automatically and manage crypto alongside traditional finances.
Square Begins Rollout of Bitcoin Payments for Sellers, Targets Full Availability by 2026
Payments are settled in real-near time using Bitcoin layer-2 Lightning, with Square processing the exchange into fiat
Shares of Jack Dorsey’s Block Jump 8.5% on S&P 500 Inclusion
Inclusion in the S&P 500 index will increase Block's visibility and exposure to institutional investors, who will indirectly gain exposure to bitcoin.
Square Flies the Flag for the Lightning Network With 9.7% Yield on Bitcoin Holdings
Block's Miles Suter said that the firm is earning "real BTC returns from our corporate holdings...by efficiently routing real payments across Lightning"
