Jack Dorsey says Square may build a bitcoin mining system, adding to bitcoin price surge

Square CEO Jack Dorsey said late on Friday the company might jump into the bitcoin mining business. Dorsey tweeted that the company is considering a “bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide.” The price of bitcoin rose above $62,000 following Dorsey’s string of tweets, as the world’s … Read more

European rival to PayPal and Square makes $317 million acquisition to expand in the U.S.

A customer uses a SumUp payment card reader in Lisbon, Portugal, on Sept. 13, 2019. Angel Garcia | Bloomberg via Getty Images LONDON — SumUp, a U.K.-based payment processor, has acquired marketing start-up Fivestars in a bid to expand its reach across the U.S. and take on giants like PayPal and Square. The company said … Read more

Twitter sells MoPub mobile ad network to AppLovin for $1.05 billion

Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Florida, on June 4, 2021. Marco Bello | AFP | Getty Images Twitter on Wednesday announced the sale of its MoPub mobile advertising network to AppLovin, a game developer … Read more

Ethereum founder is skeptical of Dorsey’s and Zuckerberg’s plans

Jack Dorsey and Mark Zuckerberg may be making big plans in the cryptocurrency space, but Vitalik Buterin doesn’t see them as likely to gain much traction. The engineer widely recognized as the inventor of Ethereum, the world’s most-used blockchain, cast doubt on Square Inc. chief executive officer Dorsey’s plan for the company to create a … Read more

Bitcoin tops $39,000 for the first time in nearly 6 weeks, adding $114 billion to the crypto market

An illustration showing the cryptocurrency bitcoin with a price chart in the background. STR | NurPhoto via Getty Images Bitcoin surged Sunday evening topping $39,000 for the first time since mid-June as sentiment turned bullish following a recent sell-off. The cryptocurrency was trading at around $38,059.84 at 11:05 p.m. ET, according to CoinDesk data, up … Read more

Square is building a decentralized finance business using bitcoin

Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Payments company Square is launching a business dedicated to “decentralized … Read more

Elon Musk and Jack Dorsey agree to talk about bitcoin at an event in July

Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Tech billionaires Elon Musk and Jack Dorsey have agreed to discuss bitcoin with each other at an event in July. In a bizarre Twitter thread, Musk responded to a tweet … Read more

Square CEO Jack Dorsey says the company is considering a new hardware bitcoin wallet

Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square speaks on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Square CEO Jack Dorsey said Friday the company is looking … Read more

Here’s who runs Twitter under Jack Dorsey

Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, March 25, 2021. CNBC After setting ambitious user growth and revenue goals last month, Twitter is gearing up for what could … Read more

Coinbase CEO Brian Armstrong owns close to $14 billion of company stock ahead of market debut

Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch When Coinbase hits the public market in the coming weeks, CEO Brian Armstrong is poised to rank among the wealthiest people in tech. Armstrong, who co-founded the cryptocurrency exchange in 2012 after working for a year … Read more