Jack Dorsey Cuts Over 4,000 Jobs as Block Shrinks Workforce Nearly in Half
Block Inc. will cut more than 4,000 jobs, reducing its workforce by nearly half as CEO Jack Dorsey calls it one of the hardest decisions in the company’s history. Block…
Jack Dorsey’s Block to cut 4,000 jobs in AI-driven restructuring
Bloomberg reported earlier this month that 10% of Block’s workforce could be cut during annual performance reviews as part of a broader overhaul.
Jack Dorsey says Block to cut over 40% of workforce as stock surges 25% after earnings
Jack Dorsey says Block will cut over 40% of its workforce as shares surge 25% post earnings despite strong profit guidance. The post Jack Dorsey says Block to cut over…
Nvidia shares slide 5% as AI spending concerns overshadow earnings beat
Nvidia shares slide 5% a day after beating earnings estimates and guiding higher, as investors question AI spending momentum. The post Nvidia shares slide 5% as AI spending concerns overshadow…
BSC Fees Hit Multi-Month Lows as History Signals Bitcoin Rebound Ahead
The total fees paid on the Binance Smart Chain (BSC) recently fell to approximately $593,000, marking the network’s lowest usage cost since at least August 2025. This collapse in transaction…
Senator Blumenthal Demands Binance Records Over Alleged $1.7B Iran Sanctions Breach
A U.S. Senator has launched a formal Senate Homeland Security Committee inquiry into Binance following reports that the exchange facilitated $1.7 billion in cryptocurrency transfers to Iranian entities linked to…
Bitcoin futures, options market flash caution even as BTC chases $70K
Bitcoin bulls are chasing after $70,000 but cautious signals from the futures and derivatives market could explain why success remains elusive.
US lawmakers move to protect blockchain devs from prosecution
The industry-supported Promoting Innovation in Blockchain Development Act could be a solution by Congress to push back against criminalizing writing code.
Lawmakers introduce bill to shield crypto developers after Tornado Cash prosecutions
Lawmakers introduce a bipartisan bill to protect crypto developers after Tornado Cash prosecutions sparked debate over coder liability. The post Lawmakers introduce bill to shield crypto developers after Tornado Cash…
AI Frenzy: 15 Breakthroughs That Shook Wall Street This Week
A torrent of artificial intelligence (AI) breakthroughs, billion-dollar deals and regulatory maneuvers flooded the final week of February, sharpening Wall Street’s debate over whether AI will usher in abundance or…