Cryptonews Tags Jack Dorsey

# Jack Dorsey

Jack Dorsey (born in 1976) is an American entrepreneur best known as the co-founder and CEO of the social networking site Twitter. He is also a founder and CEO of mobile payment company Square. Recently, Dorsey has become a sort of a crypto celebrity based on his strong support for the Bitcoin and the Lightning Network. Dorsey has background in programming and web development which helped him with founding Twitter back in 2006. Prior to this, he worked at the Missouri University of Science and Technology and designed cab dispatch software. Dorsey considers Bitcoin “the native currency of the internet”. Yet, according to him, the internet still needs a more accessible global financial infrastructure, which is why he recently announced his plans to assemble a team which will be solely dedicated to helping the crypto ecosystem and the community existing within it.

All #Jack Dorsey

Jack Dorsey’s Block Advances Bitcoin Mining Plans As Trump’s Crypto Policies Look Likely

Jack Dorsey's Block announced plans to boost investments in Bitcoin mining and its Bitcoin wallet by reallocating resources from its canceled "Web5" project and reducing Tidal investments.

, by Shalini Nagarajan

Jack Dorsey’s Block Strikes Deal to Supply Bitcoin Mining Chips to Core Scientific

Jack Dorsey's financial services company Block has sold its first 3 nanometer mining ASICs to Bitcoin miner Core Scientific, according to a July 10 statement.

, by Shalini Nagarajan

Jack Dorsey Forecasts Bitcoin Will Surge to $1 Million By 2030

Tech leader Jack Dorsey is betting big on Bitcoin, forecasting a price explosion to over $1 million by 2030. "I do think it hits that number and goes beyond," he said.

, by Shalini Nagarajan

Jack Dorsey Departs Bluesky’s Board, the Decentralized Social Media Platform He Co-Founded

Jack Dorsey has stepped down from Bluesky's board, the decentralized social media platform he funded back in 2019.

, by Ruholamin Haqshanas

Block to Reinvest 10% of Profits into Bitcoin Each Month

Jack Dorsey-led Block announced plans to allocate 10% of profits from its Bitcoin products toward buying more of the cryptocurrency each month, its quarterly report published Thursday showed. Block was one of the first public companies to add Bitcoin to its holdings in 2020. With an initial...

, by Shalini Nagarajan

Jack Dorsey’s Block’s Crypto Unit Under Investigation Over Compliance Practices: Report

Federal prosecutors have launched an investigation into Block, the financial technology company co-founded by Twitter's Jack Dorsey. The investigation focuses on alleged compliance lapses at its central units, Square and Cash App. Sources with direct knowledge of the matter revealed that...

, by Hassan Shittu

Jack Dorsey’s Block Expands Bitcoin Mining Ambitions, Develops 3nm Mining Chip

Jack Dorsey's payments company Block has shifted its focus from designing chips to developing a full Bitcoin mining system.

, by Ruholamin Haqshanas

Kenyan Volcano Turns on Lights in Rural Homes with Jack Dorsey’s Bitcoin Mining Support

In a remote region of Kenya, a group of Bitcoin miners has found an innovative way to power their operations and bring electricity to homes.

, by Ruholamin Haqshanas

Jack Dorsey-Led Block Witness High Profits on Bitcoin Sales Via Cash App

Block, a payment platform led by ex-Twitter boss Jack Dorsey, has made enormous Bitcoin gross profits in Q4 2023. Block earned $66 million from selling Bitcoin through Cash App, the firm’s recent Q4 2023 earnings report noted. The fintech firm’s gross profit is a 90% increase year...

, by Sujha Sundararajan

Jack Dorsey Evokes Bitcoin At Super Bowl Wearing “Satoshi” T-Shirt

Twitter co-founder and Block Head Jack Dorsey quietly brought Bitcoin to last night’s celebrity-filled Super Bowl event – though most average viewers may not have noticed. The tech billionaire was photographed in one of the stadium’s booths surrounded by artists like Jay-Z and...

, by Andrew Throuvalas

Jack Dorsey’s Decentralized Social Media Bluesky Removes Invite-Only Restrictions

Jack Dorsey-backed decentralized social media project Bluesky on Tuesday removed invite-only limitations and granted access to all users. Since its launch in Feb. 2023, the platform used invite codes while experimenting with features such as moderation tools and personalized feeds. Bluesky...

, by Shalini Nagarajan

Jack Dorsey’s Block Inc. Initiates Layoffs to Reach 12,000 Employee Cap

Block Inc., led by Jack Dorsey, has started implementing job cuts in a bid to reduce its workforce by the end of the year. According to a recent report by Business Insider, Block has commenced a gradual reduction of its workforce, aiming to decrease its current staff count of approximately...

, by Hongji Feng

Jack Dorsey’s Block Launches Self-Custody Bitcoin Wallet ‘Bitkey’ – Here’s What You Need to Know

Financial payment processor firm Block, co-founded by Jack Dorsey, is launching a self-custody Bitcoin wallet in more than 95 countries. On December 7, Block unveiled its self-custody Bitcoin wallet named "Bitkey." With Bitkey, investors can own, manage, and securely store their...

, by Hassan Shittu

Today in Crypto: Toniq Launches ‘First Ordinals-Specific NFT Marketplace Built on Bitcoin L2’, Neobank Brighty Reveals European B2B Platform Brighty Business

Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ NFT news Toniq, a company building professional tools and services on the decentralized web, today announced the launch of the...

, by Sead Fadilpašić

Jack Dorsey’s Block Reports Strong Q3 Earnings; Profits from Bitcoin Holdings Surge

Block, the Bitcoin-focused fintech company led by Jack Dorsey, reported robust financial results for the third quarter of 2023, surpassing analyst expectations and marking a profitable period. The firm recorded $5.62 billion in revenue for Q3 2023, a notable achievement driven by strong...

, by Hassan Shittu

Jack Dorsey’s Block Q2 Revenue Soars to $5.5 Billion, Led by Strong Bitcoin Sales

Jack Dorsey. Source: a video screenshotBlock, the payments firm led by Twitter founder Jack Dorsey, saw its revenue soar to $5.5 billion in the second quarter, partly thanks to strong growth in Bitcoin (BTC) sales on the platforms.Out of the total $5.5 billion in revenue, a whopping $2.4 billion...

, by Fredrik Vold

Apple vs. Zapple Pay: Bitcoin Tipping on Damus App Challenges App Store Policies

Source: Zapple Pay WebsiteIn June, Apple (AAPL) threatened to remove the Bitcoin-friendly social media app, Damus from its App Store, which led to the rise of Zapple Pay. The reason behind this threat is Damus' feature that allows users to tip each other with bitcoin (BTC) on the app, which Apple...

, by Hassan Shittu

Billionaire Jack Dorsey Challenges Tim Cook Over Apple Pay’s Lack of Bitcoin Support Amid Damus Controversy

Source: damus WebsiteFormer Twitter CEO Jack Dorsey has questioned Apple CEO Tim Cook about the lack of Bitcoin (BTC) support on Apple Pay, the firm's mobile payment service.This comes after Apple threatened to remove the Bitcoin-friendly social media...

, by Ruholamin Haqshanas

ARK Invest Buys $19.9 Million Block Shares as Cathie Wood Stands Firm on Crypto

Source: AdobeStock / TomCathie Wood's Ark Investment has purchased around $20 million worth of Block shares as the crypto investment firm stands firmly committed to crypto. According to data provided by ARK Invest Daily Trades, ARK Invest acquired a total of 305,573 shares of Block across...

, by Ruholamin Haqshanas

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