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dYdX's domain suffered multiple DNS hijacking attacks due to vulnerabilities in Squarespace's OAuth and account recovery protocols, highlighting broader security concerns. (Read More)
In a major win for the crypto industry, a federal court ruled that cryptocurrency tokens themselves are not securities.
The app, one of the products of payments firm Block, has been operating in the United Kingdom since 2018.
Cash App, a popular mobile payment platform, will cease operations in the United Kingdom by September 15. Block, the fintech company behind Cash App, announced the closure on Thursday. The decision to withdraw from the UK market comes as part of Block’s strategy to prioritize its focus on the United States and deprioritize global expansion.
The post Cash App to shut down in the UK, citing focus on US market appeared first on Crypto Briefing.
Crypto investigator ZachXBT has warned users to avoid the Compound Finance website, which appears to have been hijacked and may be redirecting visitors to a phishing site.
Judge Amy Berman Jackson, however, dismissed the SECs claim that BNB is traded illegally on secondary markets, citing the Ripple decision.
Bitcoin lightning payments app Strike expanded into the UK, enabling residents to easily buy, sell, and transfer Bitcoin globally.
Rapper 50 Cent informed his 32.8 million Instagram followers that hackers used his X account to carry out a multimillion-dollar memecoin rug pull.
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.
As Jack Dorsey bids farewell to Blueskys board, the social network seeks new leadership aligned with its vision of user-driven experience.
The post Jack Dorsey parts ways with Bluesky, leaves board of directors appeared first on Crypto Briefing.
Dorsey explained that Bitcoin is the best and only candidate for a decentralized open protocol for transactions on the internet.
Launched in late 2024, Ocean Mining has now established an international hub and headquarters in El Salvadors capital city, San Salvador.
Block, formerly known as Square, has embarked on an ambitious initiative to further integrate Bitcoin into its ecosystem, reinforcing its commitment to cryptocurrency and blockchain innovation. This strategic move is outlined in their recently released Bitcoin Blueprint, which details the company’s vision and efforts to leverage BTC to enhance financial systems globally. The blueprint showcases […]
Former Consensys employee Jack Jia, co-founder of Stable.com, launches new stablecoin USD3 amid regulatory uncertainty and shifting stablecoin narratives.
Jack Dorsey, co-founder of Twitter, endorsed BIP 177, which proposes a radical rebranding of Bitcoin’s base unit. Dorsey supported the proposal on X and spread the new idea with 1 million views. A software developer, John Carvalho, published BIP 177 titled Refine Bitcoin’s Base Unit, arguing that the BTC currency could be simplified by removing […]
In a shocking revelation, Jack Dorsey’s Block is facing serious compliance issues after a disgruntled former employee submitted about 100 pages of documents revealing alleged yearslong lapses in the companys major divisions, Square and Cash App. The documents also outlined details on how the lack of vigilance led to processing thousands of transactions involving countries […]
Jack Dorsey's Block will allocate 10% of its Bitcoin product profits to monthly BTC purchases as part of its commitment to the flagship crypto.
The post Jack Dorseys Block doubles down on Bitcoin, commits 10% of product profit to monthly BTC purchases appeared first on Crypto Briefing.
In an effort to facilitate more international commerce in Africa, TBD, a digital payment business backed by Jack Dorsey, has established a collaboration with Chipper Cash. The business has announced plans to increase its footprint across 40 African nations. Block, which TBD is a subsidiary of, was co-founded by Jack
Twitter founder and Block CEO Jack Dorsey warned investors on Tuesday about weakening consumer discretionary spending. It can be good for BTC.
Jack Dorsey, the former CEO of X (formerly Twitter) has predicted when Bitcoin will reach $1 million. The tech entrepreneur is a familiar figure in the crypto space and is known to be heavily invested in the flagship crypto. When Bitcoin Will Hit $1 Million In an interview with Pirate Wires, Dorsey mentioned that BTC could hit $1 million in 2030 and beyond. In addition to predicting Bitcoins future trajectory, Dorsey took time to appreciate the Bitcoin ecosystem. He remarked that besides its history, the most amazing thing about Bitcoin is how those who work on it, earn from it or invest in it all contribute to making the ecosystem, which in turn causes Bitcoins price to go up. Related Reading: Ethereum Foundation Moves 1,000 ETH Is The Top In? Dorsey further claimed that Bitcoin is a fascinating ecosystem and movement and that he has learned a lot from it. Based on his assertion, the tech entrepreneur is undoubtedly one of those contributing to the growth of the Bitcoin ecosystem. Dorsey and his digital payments company, Block, already hold over 8,000 BTC. His company also recently announced plans to begin investing 10% of its monthly Bitcoin-related gross profits in buying more BTC. This investment plan could lead to the company investing as much as $24 million in BTC one year from now. It is also worth mentioning that Dorsey has been actively looking to build in the Bitcoin ecosystem. It was previously reported that the former Twitter CEO was planning on building a decentralized exchange (DEX) for Bitcoin. More recently, Dorseys Block announced that they had completed a BTC mining system they had been working on since April 2023. BTC Hitting $1 Million Could Be This Year The CEO of Jan3 and Bitcoiner Samson Mow shares a contrary opinion with Dorsey. He predicted before now that Bitcoin could reach $1 million before the end of this year. Mow alluded to the increasing demand for Bitcoin as why he holds such a belief. The crypto founder suggested that this prediction would likely be attained next year if it didnt happen this year. Related Reading: Crypto Analyst Sets $10 Price Target For Cardano As Volume Jumps 90% Crypto analyst PlanB also believes that next year is a more feasible timeline for BTC to reach this price level. He stated that $1 million could be the market top for BTC in this bull run based on the Bitcoin stock-to-flow (STF) indicator, which hinted at $500,000 being the average price for BTC in this market cycle. Other crypto analysts have given more conservative price predictions for this bull run. CryptoQuants CEO Ki Young Ju recently predicted that BTC could hit $265,000. Meanwhile, Anthony Scaramucci, the founder of SkyBridge Capital, predicted that BTC could peak at $170,000 in this market cycle. At the time of writing, Bitcoin is trading at around $60,800, down over 3% in the last 24 hours, according to data from CoinMarketCap. BTC price maintains support above $60,000 | Source: BTCUSD on Tradingview.com Featured image from Bitcoin News, chart from Tradingview.com
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