Jack Dorsey Archives

Block Inc. Settles with New York Regulators for M Over Cash App Compliance Violations

Block Inc. Settles with New York Regulators for $40M Over Cash App Compliance Violations

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Digital payments company Block Inc. has agreed to a $40 million settlement with the New York Department of Financial Services (NYDFS) following allegations of compliance failures tied to its popular Cash App platform, according to a report from Bloomberg on April 10. The settlement stems from a NYDFS investigation into the app’s anti-money laundering (AML) […]

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Block Inc faces million fine for lax Bitcoin transactions oversight

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

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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 champions Bitcoin payments for Signal’s secure messaging

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Twitter founder Jack Dorsey has publicly supported the idea of integrating Bitcoin into Signal Messenger for direct peer-to-peer (P2P) payments. On April 10, Dorsey posted on X, suggesting that the encrypted messaging app should consider using Bitcoin to power its financial transactions. He wrote: “Signal should use bitcoin for p2p payments.” His remark was a

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

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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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Bitcoin At Risk? Jack Dorsey Says It Must Be More Than A Store Of Value

Leave a Comment / Bitcoin, Bitcoin News, BTC, btcusd, crypto, digital gold, Jack Dorsey, store of value, Twitter / best time

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Jack Dorsey, co-founder of Twitter and CEO of Block Inc., has warned that Bitcoin could face failure if it doesn’t become a widespread payment method. His comments challenge the popular view of Bitcoin as “digital gold.” Dorsey Pushes For Everyday Use Speaking

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Bitcoin At Risk Of Institutional Capture, Warns Jack Dorsey

Leave a Comment / Bitcoin, Bitcoin News, bitcoin price, Blackrock, BTC, BTC news, btc price, Jack Dorsey / best time

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In a “21 and 21” rapid-fire interview with Haley Berkoe at San Francisco’s Presidio Bitcoin workspace, Jack Dorsey—CEO of Block and former Twitter chief—cautioned that BTC’s growing popularity among major financial institutions could threaten the open ethos that gave rise to the

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