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Block

Block received $1.96 billion from the sale of bitcoin in the quarter

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In the fourth quarter of 2021, Block (formerly Square) generated $1.96B in bitcoin sales through the Cash App, developing a gross profit of $46M for the firm. The company's total revenue for the period reached $4.08 billion, up 29% year on year. In 2021, Block's revenue increased by 86% to $17.66...

Bitcoin mining block hiring

Jack Dorsey’s Block Is Hiring To Build BTC Mining System

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Financial services company Block (previously Square) is looking for specialists to launch the next-gen bitcoin mining ASIC (application-specific integrated circuit) system. The company posted several job announcements on Linkedin looking for a custom digital design lead and digital product...

Jack Dorsey Square Block

Square, a Company Owned by Jack Dorsey, Is Renamed Block

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California-based financial services provider Square, owned by Jack Dorsey, has a new name, "Block". It will come into effect on Dec. 10. Accordingly, the name Square Crypto is changed. Now it is Spiral. As the team explains, the news indicates that Square gives the full brand to their...

Republic of Venezuela

Venezuela unables Coinbase and MercaDolar

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One of the digital outreach groups in Venezuela announced that the authorities have prevented user entrance to Coinbase and open currency market MercaDolar. The reasons aren't clear yet, but internet service providers (ISPs) were involved in these actions as their IPs are included in a DNS...

YouTube blocks crypto bloggers

YouTube began blocking sensational cryptocurrency videos

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The video bloggers Ivan on Tech, Chico Crypto and CryptoWendyO were blocked by the YouTube hosting administration after the publication of regular videos about bitcoin. And some got a “strike" during the live broadcast. “Our channel has a strike as soon as I started a new live stream. This...