dorsey

Согласно сообщению Bitcoin Magazine, платежная компания Block, принадлежащая Джеку Дорси, объявила о запуске своей первой рекламной кампании для потребителей биткойнов, целью которой является продвижение использования биткойна в качестве средства обмена, чтобы сделать биткойн "повседневной валютой". Слоган кампании: "Некоторые вещи не имеют смысла. Биткойн имеет." Рекламный контент показывает, как американцы жалуются на рост стоимости жизни и на то, что банкиры Уолл-стрит получают помощь от правительства.Майлс Сутер, руководитель биткойн-бизнеса Block, заявил, что компания сосредоточена на создании финансовых продуктов, которые делают повседневную жизнь более удобной, и эта рекламная кампания является первой масштабной демонстрацией централизованной финансовой системы биткойна. Кампания начнется в четверг и будет транслироваться на YouTube, X, Meta, Instagram и телеканале Fox Sports до 31 декабря, а также будет показана перед некоторыми сеансами фильмов "Мстители: Финал" и "Дюна 3".Дорси покинул Twitter в 2021 году, чтобы сосредоточиться на платежном бизнесе и принятии биткойна, и ранее заявлял, что надеется, что биткойн станет мировой валютой. Cash App, принадлежащий Block, позволяет пользователям покупать, продавать и отправлять биткойны, а Square принимает биткойн-платежи через сеть Lightning. В прошлом году компания также выпустила биткойн-майнер с заменяемыми компонентами, чтобы снизить затраты майнеров на обслуживание и замену оборудования.

According to The Bitcoin Historian, billionaire Jack Dorsey's cryptocurrency financial application platform Cash App officially launched its Bitcoin reserve proof feature this week, verifying that over 60 million users' Bitcoin holdings on its platform are fully backed 1:1.The market views this move as an important step for the cryptocurrency industry in terms of transparency, user trust, and self-custody standards, and it is also seen as a positive signal for promoting the long-term healthy development of the industry.

Twitter co-founder Jack Dorsey's Bitcoin at Block will launch a free Bitcoin faucet, marking the return of Bitcoin faucets after 16 years. Jack Dorsey has disclosed the faucet site "btc.day" on the X platform.It is reported that the total distribution pool is approximately 1 million USD equivalent in BTC (about 15 BTC), funded by the Bitcoin treasury of Jack Dorsey's Block company.

According to CoinDesk, Square, led by Jack Dorsey, has begun automatically enabling Bitcoin payment features for millions of U.S. merchants, with transactions instantly converted to dollars at checkout. Merchants can receive Bitcoin without additional setup and do not bear the risks of price volatility and custody.This feature includes near-instant settlement and waives processing fees until 2026. Square stated that this is an important step in integrating Bitcoin into everyday business, with merchants defaulting to receive dollars without needing to change their accounting practices or hold crypto assets. It is reported that 78% of Square's users are from the U.S., while 22% are from international markets. Previously, PayPal launched the dollar-pegged stablecoin PYUSD to tens of thousands of users across its 70 global markets, promoting digital payment applications.

In response to the community's statement that "the main reason for Block's layoffs is the over-hiring and mismanagement during the COVID-19 pandemic," former Twitter founder Jack Dorsey posted on the X platform, stating, "Yes, we over-hired due to mistakenly establishing two separate company structures (Square and Cash App) during the pandemic, but this issue has been corrected by mid-2024.However, this does not cover all the complexities we face in lending, banking, and BNPL. Our current goal is to achieve a gross profit of over $2 million per person, reaching four times the efficiency of pre-pandemic levels, which has remained at about $500,000 from 2019 to 2024. In fact, we operate a more efficient company than most."

According to Cointelegraph, Jack Dorsey's Bitcoin payment company Block is undergoing a broader restructuring, and the company has begun notifying hundreds of employees that their positions may be cut during the annual performance review, with the layoff rate potentially reaching 10%.Block has launched a restructuring plan in 2024 aimed at improving efficiency and adjusting its product line, as the company is working to more closely integrate its peer-to-peer payment platform Cash App with its merchant services division Square.It is reported that Block plans to release its quarterly financial report on February 26. Analysts predict that Block's fourth-quarter profit will reach $403 million, with revenue expected to hit $6.25 billion.

According to market news, the payment platform Cash App has announced that it will expand its cryptocurrency service offerings, planning to launch stablecoin support features in early 2026, allowing users to send and receive cryptocurrencies pegged to the US dollar. Users will receive exclusive blockchain addresses, and the system will automatically convert between US dollars and stablecoins.In addition, Cash App will also introduce merchant Bitcoin payment features, allowing users to make payments without holding Bitcoin; they only need to scan the merchant's QR code, and the platform will automatically convert the user's cash into Bitcoin for payment. As a "Bitcoin-first" company, this move shows that even staunch Bitcoin supporters are beginning to pay attention to the development potential in the stablecoin sector. This area has been active recently, including events such as Stripe's acquisition of Bridge, Trump's signing of the Genius Act, and Mastercard's acquisition of a stablecoin company.

ChainCatcher message, Twitter co-founder Jack Dorsey posted: Bitcoin is not crypto. Bitcoin is money.

ChainCatcher news, according to Decrypt, stablecoin giant Tether announced this week a donation of $250,000 to the Bitcoin developer support organization OpenSats, a move that was immediately met with public skepticism from Twitter co-founder and Block (formerly Square) CEO Jack Dorsey.After Tether CEO Paolo Ardoino announced the donation on X, Dorsey briefly responded, "Why only $250,000?"Tether reported a profit of $13 billion last year and is seeking to raise funds at a valuation of $500 billion. In contrast, Dorsey revealed that he has donated over $21 million to OpenSats through his Start Small fund and has long supported decentralized and open-source Bitcoin development.

ChainCatcher news, according to Cointelegraph, several Bitcoin supporters, including Jack Dorsey, are promoting the adoption of Bitcoin by the privacy-focused instant messaging app Signal through a new initiative called "Bitcoin for Signal."The initiative aims to integrate Bitcoin with the Cashu protocol to enable payment functionality within the Signal app. Dorsey posted on the X platform on Thursday and retweeted a post from the anonymous Bitcoin developer Cashu (the initiator of the "Bitcoin for Signal" initiative). Bitcoin developer Peter Todd also expressed support for the initiative, hoping that Bitcoin could replace or at least expand Signal's current cryptocurrency payment solution—MobileCoin (MOB).

ChainCatcher news, according to The Block, Twitter co-founder Jack Dorsey's payment platform Block Inc will be added to the S&P 500 index on July 23. After the news was confirmed late Friday, the stock rose 10% in after-hours trading. Block (stock code: XYZ) was originally founded in 2009 as Square, initially focusing on providing financial services and mobile payment solutions. In December 2021, the company rebranded as Block Inc., reflecting its growing interest and involvement in blockchain technology and digital assets.Block's Bitkey division launched a simple self-custody wallet designed specifically for Bitcoin, while Proto is a suite of Bitcoin mining products and services. This inclusion in the S&P 500 index comes about two months after Coinbase became the first pure crypto company to join the benchmark index. Block will replace Hess Corporation, which is set to exit the index due to its acquisition by Chevron. Last summer, Block began investing 10% of its Bitcoin profits into BTC on a monthly basis.

ChainCatcher news, according to market news, Twitter co-founder Jack Dorsey has launched a decentralized peer-to-peer chat application called bitchat. This application runs on a Bluetooth Low Energy (BLE) mesh network, supports ephemeral encrypted message transmission, allows for completely offline chatting, and has the capability to communicate in censorship-resistant and disconnected environments. Messages can be relayed through nodes, with a maximum range of over 300 meters.

ChainCatcher news, according to The Block, Jack Dorsey's payment company Block, Inc. has reached a $40 million settlement with New York state financial regulators due to anti-money laundering violations.The consent order released by the New York State Department of Financial Services on Thursday stated that the investigation found that the fintech company, formerly known as Square, "failed to adequately consider the significant risks posed by the scale and complexity of its business" in its anti-money laundering program when providing Bitcoin services through Cash App.Regulators specifically pointed out three major vulnerabilities at Block: a lack of risk-based anti-money laundering controls, insufficient customer due diligence, and lax handling of high-risk Bitcoin transactions that led to a large number of anonymous transactions going unchecked. This is the second time this year that Block has paid a settlement due to anti-money laundering issues. In January, the company paid $80 million to financial regulators in 48 states.A Block spokesperson stated that this settlement marks the resolution of all state-level remittance license matters and emphasized that while the company did not admit to the findings of the investigation, it has invested significant resources to improve the compliance framework of Cash App. Under the agreement, Block must hire an independent monitor to implement corrective actions.

ChainCatcher news, according to The Block, Twitter co-founder Jack Dorsey's payment company Block (SQ) plans to refocus on building devices for Bitcoin (BTC) miners and its self-custody crypto wallet, with part of the funding coming from abandoning the creation of a new decentralized internet known as "Web5" (established in June 2022) and reducing investment in the music streaming app Tidal.This decision was announced in the same week that Trump won the U.S. presidential election, where he promised to provide a more crypto-friendly environment in the U.S., with Bitcoin mining being one of the industries he pledged to support during his campaign.In addition to a letter to shareholders, Block also released its third-quarter financial results on Thursday. According to FactSet data, the company's revenue was $5.98 billion, below Wall Street analysts' average expectation of $6.24 billion. Subsequently, the company's stock price fell by as much as 10%.

ChainCatcher news, according to Fortune magazine, Block CEO and co-founder Jack Dorsey is restructuring Block, the company behind the popular payment services Cash App and Square, as well as the music streaming service Tidal.In a notice to employees this week, Jack Dorsey stated that the internal reporting structure of the company will undergo a complete overhaul, breaking down the barriers between various business lines and instead reorganizing employees based on roles such as engineering, design, and sales.Dorsey stated in the notice: "We will reorganize the entire company by function, dissolving our business unit reporting structure." He added that this move will bring Block back to "the state we were in when we first started as a company." The subject line of the notice was "fn block."This planned restructuring is the latest initiative in a series of transformation efforts by Block over the past year, including laying off about 10% of its workforce, ending performance evaluations, and appointing a new chief technology officer. The announcement of the plan coincides with Block's reporting of its latest quarterly earnings on August 1. Block (formerly Square) shares are currently trading about 30% lower than their 52-week high of $87.52.Dorsey stated that this restructuring aims to address what he identifies as "three issues" within Block: "collaboration, craftsmanship, and flexibility."

ChainCatcher news, Jack Dorsey responded to the reason why Block is venturing into the Bitcoin mining hardware space, stating: "The reason we are building this system is that it ensures network security. This is not just about mining new bitcoins, but about verifying transactions. If we have a secure network, we have secure money. Secure money is something that people trust. Businesses can trust it. People can trust it."

ChainCatcher news, according to Cointelegraph, Twitter co-founder Jack Dorsey stated that by 2030, the price of Bitcoin could reach $1 million, adding that its value may continue to grow from that point onward.Dorsey pointed out that the price of Bitcoin is not actually the most interesting aspect of it, but rather the collaborative nature of the ecosystem and the way it incentivizes collective efforts to enhance the network.

ChainCatcher news, Jack Dorsey's payment company Block Inc. announced on May 6 its plan to issue $1.5 billion in senior notes through a private placement to qualified institutional investors.The company stated in a statement that the terms of the notes, including the interest rate and maturity date, will depend on negotiations with the initial purchasers. Investors approved to participate in this round of financing include pension funds, banks, mutual funds, and high-net-worth individuals.Previous news, Block Inc. co-founder Jack Dorsey announced that starting in April 2024, Block will allocate 10% of the gross profits from Bitcoin-related products each month to purchase Bitcoin.

ChainCatcher news, according to Bloomberg, Jack Dorsey has left the board of the decentralized social network Bluesky. A year ago, he helped fund and promote the service out of regret over Twitter's sale to Musk. The Twitter co-founder has been promoting his new charitable donation for open internet protocols on the platform owned by Musk (now renamed X), which he describes as "freedom technology." He also added X to such technologies, simply detailing that businesses can also build on open protocols.Dorsey has narrowed down his list of people he follows on X to three: Musk, Edward Snowden, and Stella Assange, the wife of the imprisoned WikiLeaks publisher. This indicates a noticeable warming of the relationship between X's owner and Dorsey, who posted on Bluesky a year ago that "everything got worse" after Musk took over Twitter and completely transformed it.

ChainCatcher news, according to Bitcoin Magazine, Twitter founder Jack Dorsey donated $21 million to the nonprofit organization OpenSats, which focuses on projects like Bitcoin, to support open source and Bitcoin development.Previously, on May 5, 2023, the nonprofit organization OpenSats announced that it had received a $10 million donation from Jack Dorsey's charitable initiative, which will be used to support the development of free and open-source software and projects focused on Bitcoin, the decentralized social protocol Nostr, and related technologies.