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Jack Dorsey’s Block to raise $1.5B in senior notes offering

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Jack Dorsey’s Block to raise $1.5B in senior notes offering 2024-05-06 at 21:02 By Cointelegraph by Ana Paula Pereira Fitch Ratings notes that Block has used convertible debt for external funding since its IPO and is well-positioned to exploit the growth in payments and consumer financial services. This article is an excerpt from Cointelegraph.com News […]

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Jack Dorsey’s Block to use 10% of Bitcoin profit to buy BTC every month

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Jack Dorsey’s Block to use 10% of Bitcoin profit to buy BTC every month 2024-05-03 at 03:01 By Cointelegraph by Jesse Coghlan Block, Inc. co-founder Jack Dorsey told shareholders its Bitcoin-buying plan during an earnings call, saying its an “investment in a future where economic empowerment is the norm.” This article is an excerpt from

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US probes Jack Dorsey’s Block, Inc. over financial transactions: Report

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US probes Jack Dorsey’s Block, Inc. over financial transactions: Report 2024-05-02 at 06:02 By Cointelegraph by Tom Mitchelhill U.S. prosecutors are reportedly investigating the fintech firm after a whistleblower claimed it processed thousands of transactions for users from sanctioned countries and terrorist groups. This article is an excerpt from Cointelegraph.com News View Original Source React

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Square merchants can now convert up to 10% of sales to Bitcoin via Cash App

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Square merchants can now convert up to 10% of sales to Bitcoin via Cash App 2024-04-26 at 00:01 By Cointelegraph by Tristan Greene Block gets 1% of every conversion. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Jack Dorsey’s Block had $5.62B in revenue, $44M in Bitcoin profits in Q3

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Jack Dorsey’s Block had $5.62B in revenue, $44M in Bitcoin profits in Q3 03/11/2023 at 14:02 By Cointelegraph By Prashant Jha Block didn’t incur any impairment loss on its Bitcoin holdings, and Bitcoin revenue contributed as much as 43% of its total revenue. This article is an excerpt from Cointelegraph.com News View Original Source React

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