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. Fintech firm Block, owned by Twitter founder Jack Dorsey, has reported a staggering $2.16 billion in Bitcoin revenue on its bellwether product Cash App in Q1. According to a shareholder letter announcing its Q1 2023 earnings, Block (NYSE:SQ)…

    Jack Dorsey’s Block asks for input on proposed ‘mining development kit’

    Block’s mining hardware product lead, Naoise Irwin, has asked for pointers on a proposed hardware and software development kit for Bitcoin mining. Payments company Block, formerly known as Square, is delving deeper into the crypto mining industry with potential plans to build a “mining development kit.” A Mar. 7 blog post revealed that the Jack Dorsey-founded multinational technology…

    Will Twitter, Square and Jack Dorsey break new ground in the crypto industry?

    Twitter founder and Square CEO Jack Dorsey announced the creation and presented technical documentation of a new type of decentralized exchange. It is a fascinating project definitely worth paying attention to. Jack Dorsey, the creator of Twitter, co-founder and CEO of payment company Square, is a frequent guest on our pages. More than once have…

    Jack Dorsey introduces tbDEX – decentralized Bitcoin exchange proposal

    US Payment giant Square released Friday the whitepaper of its decentralized Bitcoin exchange proposal (tbDEX). Jack Dorsey’s tbDEX is proposed to offer a direct way for people to convert their fiat into Bitcoin without having to go through multiple platforms. According to a statement posted on the website, Square’s Bitcoin business TBD released the whitepaper…

    BTC and Twitter: what to expect from their cooperation?

    Twitter CEO Jack Dorsey has announced plans to integrate Bitcoin into Twitter’s existing products and services. In terms of mass societal acceptance, this could become a decisive breakthrough for the first cryptocurrency. Twitter CEO Jack Dorsey says his company plans to implement BTC support in several of its products and services, including subscriptions and e-commerce….

    Jack Dorsey sees integrating Bitcoin into Twitter services

    Twitter CEO Jack Dorsey hinted at integrating Bitcoin into Twitter services and new features, including Twitter Tip Jar and Super Follows. Jack Dorsey sees top cryptocurrency Bitcoin will be one of the key trends for the future of Twitter. During the second-quarter earnings call, the Twitter CEO suggested that Bitcoin will be a “big part”…