Block

Block Inc faces  million fine for lax Bitcoin transactions oversight

Block Inc faces $40 million fine for lax Bitcoin transactions oversight

Block Inc., the company behind Cash App and led by Jack Dorsey, has been fined $40 million by the New York Department of Financial Services (NYDFS). The penalty, announced on April 10, stems from widespread lapses in the company’s anti-money laundering (AML) and compliance systems related to its virtual currency operations. NYDFS Superintendent Adrienne Harris […]

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Jack Dorsey’s Block Launches Open Source Tools To Simplify Bitcoin Treasury Management

Jack Dorsey’s Block Launches Open Source Tools To Simplify Bitcoin Treasury Management

Block announced it has released a new open source toolkit designed to help companies manage their Bitcoin treasury holdings more efficiently. The release includes a corporate Bitcoin holdings dashboard and a BTC-to-USD real-time price quote API, now available for all companies and developers via Block’s public GitHub repository under the Block Open Source initiative. As

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