Jack Dorsey’s Block had $5.62B in revenue, $44M in Bitcoin profits in Q3
Block didn’t incur any impairment loss on its Bitcoin holdings, and Bitcoin revenue contributed as much as 43% of its total revenue.
Auto Added by WPeMatico
Jack Dorsey’s ₿trust acquires African Bitcoin organization Qala
As part of the acquisition, Qala rebrands as the ₿trust Builders Programme and aims to drive the development and education across the Global South.
Crypto-centered public companies record profit beating Q2 estimates
The rise in crypto prices, as well as non-trading revenues, became key to profitability for many of these companies.
Block’s BTC Revenue Rises by Over 30% in Q2
The payment technology firm Block (formerly known as Square) revealed that its bitcoin revenue for the second quarter was approximately 34% more than the figure reported in Q2, 2022. The…
Bitcoin Lightning on Coinbase agenda, Brian Armstrong tells Jack Dorsey
Armstrong confirmed that Coinbase was looking into adding support for Bitcoin Lightning while reassuring his support for Bitcoin payments.
Jack Dorsey Calls Out Tim Cook: Why Doesn’t Apple Pay Support Bitcoin?
Block CEO Jack Dorsey is putting Apple CEO Tim Cook on blast for seemingly not supporting Bitcoin payments, per the app store’s policies. His comments follow Apple’s recent confirmation that…
Jack Dorsey’s Fund Pledges $5 Million to Bitcoin Developers
Billionaire Twitter co-founder Jack Dorsey plans to allocate more capital to the Bitcoin ecosystem after pledging $5 million to the network’s core developers through his grantmaking organization Start Small. The…
Jack Dorsey-Backed Damus Faces Explusion From Apple’s App Store Over Bitcoin Tipping Feature
Apple has issued a warning to the decentralized social networking company, Damus with expulsion from the App Store if it does not remove a feature that enables Bitcoin payments. Damus,…
Jack Dorsey Triggers Fresh Spat Between BTC Maximalists and ETH-Led Altcoin Tribe
In the heat of SEC’s enforcement actions against Binance and Coinbase, a simple “Yes” by Jack Dorsey on Twitter elicited a flurry of comments. It all started when a Twitter…
Cash App Bitcoin revenue tops $2 billion in the first quarter
Block’s Q1 earnings report reveals a 25% year-on-year increase in Bitcoin revenue from the fintech firm’s flagship product Cash App.