Analysis Updated March 2026 Key Numbers Crypto firms cut approximately 9,500 jobs in 2022, with the largest spike following the FTX collapse in November. CoinDesk tracked nearly 30,000 crypto job losses through March 2023, spanning both the 2022 bear market…
Is Jack Dorsey’s Block cutting 10% staff after $5B buyback?
Block Inc., the fintech company led by jack dorsey and known for Cash App, Square and Afterpay, is preparing another round of job reductions as part of a wider restructuring. The planned cuts, which could affect as much as 10%…
Will Block Focus More on Bitcoin Mining Than on TIDAL Projects?
Block Inc. is redirecting its efforts toward developing tools for Bitcoin mining and enhancing its Bitkey self-custody wallet. This shift comes as the company reduces investments in TIDAL, its music streaming service, and winds down TBD, a project aimed at…
Block Projects Strong Growth with Bitcoin Revenue at $2.6B
Block Inc., under the leadership of Jack Dorsey, has raised its full-year Ebitda outlook following a strong second-quarter performance. Strategic investments in Bitcoin, key business segments like Cash App and Square, and the competitive landscape, highlighting the company’s focus on…
Jack Dorsey-led Block Exceeds Expectations After Revealing Over $200 Million Profit in Bitcoin Holdings
Fintech giant Block, led by former Twitter CEO Jack Dorsey, surpasses expectations, revealing a staggering $200 million profit in Bitcoin holdings. The company’s fourth-quarter 2023 earnings report unveiled impressive figures. Thus showcasing a 90% year-over-year increase in gross profit from…
Marathon Digital Mines Invalid Bitcoin Block Amid Heightened BTC Volatility
MARA Pool, a prominent Bitcoin mining pool operated under the umbrella of the publicly traded Marathon Digital Holdings, found itself entangled in a transactional quagmire on September 27th. User-Detected Anomaly: 0xB10C Sounds the Alarm This hiccup occurred subsequent to the…
Revolutionizing Mining Operations:Jack Dorsey’s Block Unveils Powerful Mining Development Kit to Empower Developers!
Block, founded by Jack Dorsey, introduces a new mining development kit to enhance accessibility and openness for novel Bitcoin mining use cases through multiple components. Block, a blockchain infrastructure firm, has recently announced the release of its Mining Development Kit…