Jack Dorsey’s Block sues Bitcoin.com for trademark infringement
Digital payments company Block Inc. is pursuing legal action against Roger Ver’s Bitcoin.com over alleged trademark infringement involving its newly launched Verse token, which concluded a $33.6 million private sale in May 2022. In a letter addressed to Bitcoin.com CEO Dennis Jarvis and the company’s legal counsel Joseph Collement, lawyers representing Block claimed that Bitcoin.com’s […]
FTX just imploded, and Jack Dorsey wants to talk about the next stage for crypto?
It’s barely been a decade since the launch of Web3, and some are already talking about the next generation of the web Web5. The concept of Web5 first emerged earlier this year with Jack Dorsey’s announcement about plans to build a decentralized web on Bitcoin’s blockchain through Block subsidiary TBD. According to Dorsey’s TBD white […]
Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down
Former Twitter CEO Jack Dorsey’s digital payments firm Block Inc. saw its year-on-year (YoY) profits soar 29% to $1.47 billion in Q2, though its Bitcoin business slumped on decreased customer demand and a fall in Bitcoin (BTC) prices. The financial services firm primarily generates Bitcoin revenue by providing BTC trading services via its digital payments […]
Jack Dorsey is building ‘Web5’ powered by Bitcoin
Block subsidiary TBD has announced plans to build a new decentralized web centered around Bitcoin (BTC), underscoring founder Jack Dorsey’s belief that the largest blockchain network will play a major role in the internet’s evolution. The new project, called “Web5,” represents the latest Bitcoin-centric endeavor to be pursued by Dorsey since stepping down as CEO […]
Jack Dorsey and Jay-Z collaborate on Bitcoin Brooklyn educational program
Legendary New York hip-hop artist and producer, Jay-Z has joined forces with the founder of Cash App, Jack Dorsey, to launch “The Bitcoin Academy,” an educational program advocating for the democratic vision that “education is power.” Exclusively available for residents of the Marcy Project public housing complex in New York City, the scheme will commence […]
Jack Dorsey’s Block hits $1.3B in Q1 profits, $43M in BTC trading revenue
Block, the pro-Bitcoin (BTC) umbrella company that hosts Cash App, Square and Afterpay, continues its growth in 2022. According to its Shareholder letter, in the first quarter of 2022, gross profits are “up 34% year over year.” In total, the group netted $1.29 billion in gross profits. However, operating costs were also up “$1.52 billion […]
‘Decentralized Twitter’ Bluesky releases code, outlines content moderation
Twitter’s decentralized social media project Bluesky has released its first batch of code, and also committed to content moderation on the network. Former Twitter CEO Jack Dorsey first announced Bluesky back in late 2019, but the project went independent in February after receiving $13 million worth of funding from Twitter. However, Dorsey is still a […]