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Культовый журнал о биткоине, технологии блокчейн и цифровой экономике. forklog hub Площадка для общения криптосообщества. Соединяем компании и пользователей.

#Block

Block-related news and updates.

Core Scientific and Block's $300 Million Deal for Bitcoin Mining Chips
ForkLog 91 12.07.2024

Core Scientific and Block’s $300 Million Deal for Bitcoin Mining Chips

The transaction for Core Scientific’s acquisition of 3-nanometer chips for bitcoin mining from Jack Dorsey’s Block is estimated to be around $300 million, according to analysts from Bernstein, as reported by The Block. On July 10, the companies announced a partnership to develop a cryptocurrency mining device based on a chip created by the Proto […]
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Core Scientific to Acquire 3nm Bitcoin Mining Chips from Block
ForkLog 24 11.07.2024

Core Scientific to Acquire 3nm Bitcoin Mining Chips from Block

Mining firm Core Scientific will be the first to purchase 3nm chips for bitcoin mining from Jack Dorsey’s Block. The deal’s hash rate context amounts to 15 EH/s. Today, Core Scientific and @blocks announced an ongoing project involving Block’s latest bitcoin mining chip. -Core Scientific and Block will work together on a new miner to […]
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Block to Allocate 10% of Profits for Bitcoin Purchases Until Year-End
ForkLog 23 03.05.2024

Block to Allocate 10% of Profits for Bitcoin Purchases Until Year-End

Jack Dorsey’s payment company Block has initiated the use of 10% of its monthly gross profit related to bitcoin for acquiring additional coins. This practice will extend through the end of 2024. The firm is implementing a dollar-cost averaging strategy. In the first quarter, Block’s gross profit from bitcoin sales amounted to $80 million (+59% […]
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US Prosecutors Investigate Jack Dorsey's Square and Cash App for Suspicious Crypto Transactions
ForkLog 76 02.05.2024

US Prosecutors Investigate Jack Dorsey’s Square and Cash App for Suspicious Crypto Transactions

The US federal prosecutors are scrutinising the financial operations of the cryptocurrency divisions of Jack Dorsey’s company, Block, for compliance with regulations. This was reported by NBC News, citing sources. According to these sources, the divisions Square and Cash App are suspected of long-standing and widespread compliance procedure violations, which allegedly allowed the companies to […]
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Jack Dorsey's Block Develops Bitcoin Mining Chip
ForkLog 35 24.04.2024

Jack Dorsey’s Block Develops Bitcoin Mining Chip

Jack Dorsey’s payment company, Block, has completed the development of a 3-nm chip for mining the leading cryptocurrency. we’re building a mining rig https://t.co/IKOQHNSHgO — jack (@jack) April 23, 2024 In May 2023, the firm announced the creation of a prototype ASIC for bitcoin mining based on a 5-nm process. According to the statement, in […]
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Jack Dorsey's Block Undergoes Significant Layoffs
ForkLog 31 31.01.2024

Jack Dorsey’s Block Undergoes Significant Layoffs

Block, the company founded by Twitter’s Jack Dorsey, has executed substantial layoffs, dismissing over 1,000 employees, according to Business Insider. A company memo seen by the publication revealed that Block reduced a “large number of team members” in a single day to streamline operations. The layoffs affected employees in the Cash App, Foundational, and Square […]
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Block launches Bitkey hardware wallet sales
ForkLog 29 08.12.2023

Block launches Bitkey hardware wallet sales

Block, Jack Dorsey's company, opened pre-orders for the Bitkey hardware Bitcoin wallet in more than 85 countries worldwide. Shipments will begin in 2024.
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ARK Invest's Cathie Wood buys Block shares for $6.4 million
ForkLog 16 14.03.2023

ARK Invest’s Cathie Wood buys Block shares for $6.4 million

Three Ark Invest funds bought an additional 92,165 shares of Jack Dorsey’s Block for about $6.4 million.
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