Jack Dorsey’s Block is developing an open-source Bitcoin mining system

    Block, the Jack Dorsey-led payments company (formerly known as Square), wants to democratize access to Bitcoin mining by building an open mining system. This comes amidst fears that Bitcoin mining is becoming too centralized. Block is building an open Bitcoin mining system as it continues to expand beyond its core payments business and embraces CEO…

    Jack Dorsey believes Bitcoin will replace the US dollar

    Crypto enthusiast and ex-Twitter CEO believes Bitcoin will replace the dollar. Jack Dorsey also said crypto users don’t own Web3, implying that the so-called decentralized internet is actually in the hands of venture capitalists. Jack Dorsey, the former Twitter CEO and chief of fintech firm Block (formerly Square), had a tweet exchange Monday evening with…

    Square changes its name to Block after Dorsey steps down as Twitter CEO to focus on Bitcoin

    A few days after Jack Dorsey’s resignation as Twitter CEO, payments giant Square announced changing its name to Block Inc., the company said in a statement. Jack Dorsey’s Bitcoin funding initiative Square Crypto has rebranded to Spiral and is aimed to focus on “making Bitcoin the planet’s preferred currency.” The corporate rebrand, announced in a…

    Jack Dorsey says Square to create a clean-energy, open-source Bitcoin mining system

    Jack Dorsey wants to build a single system that can improve accessibility to Bitcoin mining and further decentralize the BTC network. According to Twitter and Square CEO, his new Bitcoin mining system would be ‘more decentralized’ and accessible to individuals and businesses around the world. Dorsey revealed his intentions in a series of tweets posted…

    Twitter enables Bitcoin payments via Tips, NFT authentication to come

    Twitter users on Apple’s iOS will now be able to connect third-party tipping services to their profile on the social media site. That will include the ability to link both Bitcoin addresses and Lightning Network addresses. Twitter also announced that it will add non-fungible token (NFT) verification features to the platform. The social media giant…

    Bitcoin and major cryptocurrencies upturn on good news, adding $114B to the crypto market

    Bitcoin surged above $39,000 on Sunday for the first time since mid-June after recent bullish comments from Twitter CEO Jack Dorsey and Tesla CEO Elon Musk. Experts attributed the moves to the lowering concerns over the environmental impact of Bitcoin mining and China’s regulatory crackdown. Despite a recent fall below $30,000, Bitcoin surged up nearly…