What Hindenburg Research’s Takedown of Block Says About Money and Crime
Expecting centralized money services to halt crime only helps politicize money and disempower users.
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Mar 31, 2023 at 5:01 p.m. UTC
Mar 31, 2023
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ARK Uses 'Wells Dip' to Stock Up Again on Coinbase Shares, Two Days After Selling
Coinbase shares tumbled 16% Thursday after the company disclosed late Wednesday it had received a Wells Notice from the Securities and Exchange Commission.
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Mar 24, 2023 at 3:34 a.m. UTC
Mar 24, 2023
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Jack Dorsey's Block Tumbles 17% After Short-Seller Hindenburg's Report
The company accuses Block of "wildly" overstating user counts while understating customer acquisition costs.
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Mar 23, 2023 at 1:22 p.m. UTC
Mar 23, 2023
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Jack Dorsey's Block Launches Service Provider to Make Lightning More Reliable
The new entity dubbed “c=” aims to improve liquidity and routing on Bitcoin’s Lightning Network. The name references the speed of light in Einstein's famous equation E=MC2.
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Mar 2, 2023 at 4:00 p.m. UTC
Mar 2, 2023
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Block’s Q4 Bitcoin Revenue Fell 7% Year Over Year to $1.83B
For the full year, Block’s bitcoin revenue declined 29% from 2021 due to the fall in the price of bitcoin, the company said.
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Feb 23, 2023 at 9:36 p.m. UTC
Feb 23, 2023
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Block Manager Sees Self-Custody as Future of Crypto Post-FTX
The payments company is working on a product to allow customers to hold bitcoin directly.
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Jan 6, 2023 at 6:31 p.m. UTC
Jan 6, 2023
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Jack Dorsey-Backed East African Bitcoin Miner Gridless Raises $2M
Dorsey’s Block and bitcoin venture-capital firm Stillmark co-led a seed funding round.
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Dec 6, 2022 at 7:45 a.m. UTC
Dec 6, 2022
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Jack Dorsey's Block Sees Drop in Bitcoin Revenue as Consumer Demand, Crypto Prices Slump
Block cited declines in consumer demand and the price of bitcoin for its bitcoin-based revenue decline.
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Nov 3, 2022 at 8:38 p.m. UTC
Nov 3, 2022
Block Notifies 8.2M Customers After Breach of Cash App Investing
A former employee improperly accessed reports related to U.S. customer accounts. The reports did not contain personally identifiable information.
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Apr 6, 2022 at 1:44 p.m. UTC
Apr 6, 2022
Jack Dorsey, Block and the Perils of Making Crypto User-Friendly
Everyone seems to agree that crypto needs to improve its user experience. But at what cost?
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Mar 14, 2022 at 8:43 p.m. UTC
Mar 14, 2022