Jack Dorsey's Square to Invest More in Bitcoin Mining and Shut Decentralized 'Web5' Venture
Jack Dorsey's payment firm Block (SQ) plans a renewed focus on building equipment for bitcoin {{BTC}} miners and its self-custody crypto wallet, funded partly by giving up on creating a new decentralized internet dubbed "Web5" and investing less in music streaming app Tidal.
Jack Dorsey’s Block Bitcoin Mining Push Prompts Tidal and Web5 Wind Down
Block will place more resources into building equipment for Bitcoin miners. Jack Dorsey’s payment company is scaling back its investments into Tidal and creating Web5.
Jack Dorsey’s Block Exits Web5, Focuses on Mining Hardware Development
Block is redirecting resources toward Bitcoin mining hardware development and away from Web5 and TIDAL initiatives, announcing strong Q3 profits despite missing revenue targets, while securing a major deal with Core Scientific for its new 3nm mining chips.
Jack Dorsey’s Square shifts focus to Bitcoin Mining, shuts down Web5 venture
Square shifts focus to Bitcoin mining amid Trump’s crypto-friendly election win, potentially boosting BTC mining stability.
Jack Dorsey dramatically scales back crypto ambitions for Block
Block said Thursday that it was “winding down” its TBD division, which had sought to create an open-source crypto development platform.
Jack Dorsey’s Block Advances Bitcoin Mining Plans As Trump’s Crypto Policies Look Likely
Jack Dorsey's Block is boosting investments in Bitcoin mining by reallocating resources from its canceled "Web5" project.
Block scales back TIDAL investment and shutters TBD in favor of Bitcoin mining
Jack Dorsey's Block is scaling back its investment in TIDAL, the music streaming platform once owned by Jay-Z, according to a shareholder letter on
Jack Dorsey’s Block ramps up Bitcoin mining plans after Trump elected
Jack Dorsey, the ex-Twitter CEO company Block is shifting its focus to mining Bitcoin, as prices jumped after Trump became president-elect.
Jack Dorsey’s Block Inc Doubles Down on Bitcoin Mining, Shifts Focus Away from Music Streaming
Jack Dorsey's Block is intensifying Bitcoin mining operations and initiatives as it navigates a shifting landscape in the crypto industry.
Jack Dorsey’s Block commits to Bitcoin mining and self-custody wallet, Bitkey
According to a shareholders’ letter from the Jack Dorsey-led payment company Block, from November 7, the company will venture more into Bitcoin mining and the Block self-custody wallet, Bitkey. The company will abandon its Web5 internet project,
Music Ally3d
Block confirms: ‘We are scaling back our investment in Tidal’
Tidal’s parent firm Block recently warned staff at the streaming service of layoffs. Now there is further context for that.
thesiliconreview3d
Block Shifts Focus: Dorsey Scales Back TIDAL Investment and Closes TBD to Dive Deep into Bitcoin Mining
Jack Dorsey’s Block refocuses its efforts, scaling back on TIDAL and shutting down TBD to concentrate on Bitcoin mining and ...
The Star2y
How Web5 wants to put data back into the hands of Internet users
While the idea of a decentralised Web3, based on blockchain technology, is becoming more and more attractive, the famous American entrepreneur Jack Dorsey is now proposing the concept of Web5.