Jack Dorsey’s Square Rebrands To “Block” Days After Twitter Resignation

After stepping down as Twitter’s CEO, rumors flourished about Jack Dorsey doubling down on building the Bitcoin network. Greater evidence of those suspicions has just emerged.  Dorsey’s digital payments company “Square” just announced a Facebook-esque rebranding to “Block”. The Bitcoin community has interpreted this as a public commitment to Bitcoin's “blockchain”. Square Goes Three-Dimensional The financial services company revealed its new name in a Twitter thread earlier today. Apparently, the company is preparing to give “the full square brand” to…

Jack Dorsey’s Square Considers Building A Global Bitcoin Mining System

Bitcoin-loving-billionaire Jack Dorsey is working on more projects to help protect and scale Bitcoin. His financial services company “Square” might start building consumer-friendly mining machines for use by the general population. Making Bitcoin Mining Accessible Dorsey announced his company’s plans over Twitter earlier today. He followed with a long thread explaining the current problems in the mining industry and why it needs reconstruction. [caption id="" align="aligncenter" width="911"] Jack Dorsey, CEO of Twitter and Square. Source: New York Times[/caption] Twitter's CEO…

The Top 7 Cryptocurrencies Promoters of 2021

A decade into their existence, cryptocurrencies are starting to come into their own. For long shunned as a fad that would pass with time, they've withstood the skepticisms to gain currency in financial conversations. Today, they attract the attention of individual citizens and corporations that had dismissed them before.  2021 has witnessed a significant jump in the crypto holdings of fortune 500 companies, with some indicating a willingness to buy further into the sector. The question is, which companies have…

Square Purchases Afterpay to Offer Settlement in Installments Services

On Sunday, Square announced that it has plans to buy Afterpay, an Australian fintech company. The company centers around allowing customers to make payments in four-free installments, and if they miss an automatic payment, they pay. Over the 16 million customers Afterpay has access and manage their installments over the Square Cash App. However, it is still not possible until the final transfer takes place over the first quarter of 2022. Square is Advancing its Payments Option Square, founded by…

Square Follows Tesla’s Suit: Could it be a BTC Price Dump Strategy?

Earlier this week, the CEO of Tesla said his company would no longer accept payment for cars in Bitcoin, which led to its price crashing and took down other cryptos with it. A day after, Square also revealed it did not intend to purchase more Bitcoin from its corporate treasuries after losing 20 million dollars on its $220 million investment last quarter in the cryptocurrency. Mr. Musk said the environmental issues of cryptocurrency were too strong, but he did not…

Social Media Giant Twitter Could Add Bitcoin To Portfolio Says CFO

Twitter CFO Ned Segal has hinted that the Social Media giant could add bitcoin to its balance sheets. This comes on the back of increasing demand for bitcoins from institutions in recent weeks.  Twitter could join Bitcoin Train Segal revealed this stance in an interview with CNBC on February 10, 2021, when quizzed about cryptocurrencies. The Twitter chief stated that the tech giant might consider bitcoin depending on a few factors.  Segal explained that if Twitter employees and clients request…

Twitter CEO Jack Dorsey Now Runs A Full Bitcoin Node

Twitter CEO and Bitcoin enthusiast Jack Dorsey have set up his bitcoin node to validate the bitcoin network's transactions. Dorsey shared an image on Twitter that showed the node in the synchronization phase alongside the quote "Running #bitcoin."  https://twitter.com/jack/status/1357588751757627393 To complete the synchronization with the Bitcoin blockchain, Dorsey will have to download the chain's entire history. Bitcoin blockchain has a total block size of around 325GB, and synchronization could take weeks to complete depending on the internet speed and computing…

Jack Dorsey’s Square Launches $10M Clean Energy Initiative For Bitcoin Mining

U.S.-based payment and financial services company Square Inc has announced a $10 million clean energy initiative for Bitcoin mining. The company disclosed this as part of its plans to go carbon neutral for its operations by 2030. According to the announcement, the Bitcoin Clean Energy Investment Initiative will support companies promoting green energy tech and renewable energy within the Bitcoin mining ecosystem. Square has also collaborated with Watershed as a measure in reducing the carbon footprint of the Bitcoin network.…

Analyst Reveals Why Current Bull Run is Different from 2017 Bull Run

The current Bitcoin (BTC) bull run has been remarkable, with the leading coin surging in recent weeks and hitting milestones. Bitcoin recently broke its all-time high, and bets are open when it finally crosses the symbolic $20,000 mark. Different Reasons Unlike In 2017 influence Bitcoin Bull Run Although Bitcoin is hitting similar highs of 2017, the bull run is different, according to Pierce Crosby, CEO of TradingView. In a recent interview, Crosby shared his thought on the current bullish run…