According to an NBC report, federal prosecutors have initiated an investigation into Block, the financial technology company founded by Twitter co-founder Jack Dorsey, following allegations of compliance failures and links to terrorist networks through alleged crypto transactions. Notably, a former employee of Block has provided documents to the Southern District of New York, revealing compliance […]
Jack Dorsey’s Block, the payments company riding the wave of digital innovation, reported a stellar Q4 2023, fueled by a 37% year-over-year surge in Bitcoin sales and strong performances from both Cash App and Square. Bitcoin Bonanza: Sales Skyrocket, Holdings Strengthen Bitcoin continues to be a bright spot for Block, with total sales reaching a […]
As the U.S. Securities and Exchange Commission (SEC) nears its decision on the approval of spot bitcoin exchange-traded funds (ETFs), asset managers, including industry giants like BlackRock, Ark Investments, and 21Shares, are on high alert, according to Reuters. Financial Titans Unshaken By Bitcoin ETF False Report As Bitcoinist reported yesterday, the US Securities and Exchange […]
Mummolin, Inc. has successfully raised $6.2 million in seed funding to kickstart OCEAN, a project aimed at decentralizing Bitcoin mining on a global scale. The funding round, headlined by Block CEO Jack Dorsey, also drew support from notable entities such as Accomplice, Barefoot Bitcoin Fund, MoonKite, NewLayer Capital, and the Bitcoin Opportunity Fund. New Push […]