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Short Seller Hindenburg Research Targets Billionaire Jack Dorsey's Payments Group, Block – What's Going On?
24.3.2023
Shares of Twitter founder Jack Dorsey’s fintech firm Block fell 15% on Thursday after the company was targeted by professional short sellers.
The fall in Block’s share price came as short selling firm Hindenburg Research announced that they had taken a short position in Block, Inc., a company...
Hindenburg Research reports Block short position, claiming fraud facilitation and inflated metrics
23.3.2023
"Block has wildly overstated its genuine user counts and has understated its customer acquisition costs," said the report
Jack Dorsey's Block Tumbles 17% After Short Seller Hindenburg's Report
23.3.2023
Notable short seller Hindenburg Research accuses Block of "wildly" overstating user counts, while understating customer acquisition costs
FTX seeks to claw back $460M from Bankman-Fried-backed VC firm
23.3.2023
While the funds represent a small portion of FTX’s overall asset shortfall, the settlement means the firms can avoid a costly legal battle
Balaji Srinivasan Says Hyperinflation Happening Now — Makes Million-Dollar Bets on Bitcoin Price Exceeding $1M in 90 Days
19.3.2023
Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now. Expecting the price of bitcoin to soon hit $1 million, he is making million-dollar bets that it will happen in 90 days. Srinivasan also advised investors to buy bitcoin, which he believes to be “a...
Jack Dorsey’s Block asks for input on proposed ‘mining development kit’
8.3.2023
Block’s mining hardware product lead, Naoise Irwin, has asked for pointers on a proposed hardware and software development kit for Bitcoin mining
Jack Dorsey’s TBD launches ‘C=’ to improve Bitcoin Lightning Network
4.3.2023
C= (pronounced C equals) aims to further the reach of the Bitcoin Lightning Network through added liquidity and routing services
Crypto Biz: Did crypto winter scare off Visa and Mastercard?
3.3.2023
Visa's head of crypto has pushed back against the notion that the credit card giant is getting cold feet because of the bear market
Block remains on the hunt for wallet partners nearly two years later
2.3.2023
The firm plans to partner with companies that are already experienced in local fiat payment processing
Twitter down the same day Jack Dorsey launches decentralized alternative
1.3.2023
Thousands of Twitter users were unable to view tweets while Jack Dorsey’s decentralized social network Bluesky grabbed attention online
Jack Dorsey’s decentralized Twitter rival enters App Store
1.3.2023
The interface of Jack Dorsey’s decentralized Twitter alternative Bluesky very much resembles the look of Elon Musk’s social media platform
Block’s Q4 Bitcoin Revenue Fell 7% Year-Over-Year to $1.83 Billion
23.2.2023
For the full year, Block’s bitcoin revenue declined 29% from 2021 due to the fall in the price of bitcoin, the company said
Bitcoin Lightning Network growth is organic, coming from real-world adoption
22.2.2023
Bitcoin Lightning Network adoption receives a boost with the launch of USD payments and decentralized social media platform, Nostr
FTX Bankruptcy Judge Denies US Trustee’s Request for Independent Examiner
16.2.2023
The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns that the examiner could cost creditors tens...
FTX Bankruptcy: Judge Delays Decision on Appointing Independent Examiner Amid Cost Concerns
7.2.2023
Judge John Dorsey has delayed his decision on whether to appoint an independent examiner in the FTX case. At the latest hearing, Dorsey acknowledged that the cost to debtors could reach tens of millions of dollars. Currently, the bankruptcy judge is hopeful that the issue will be resolved through...
Jack Dorsey-Based Social Network Nostr Gets Damus App Banned From China App Store
3.2.2023
A notification from Apple says that Damus “includes content that is illegal in China.”
Report: Elon Musk’s Payments Vision for Twitter Takes Shape, Small Team Tasked to Build Infrastructure
30.1.2023
Seven months ago, current Twitter owner Elon Musk said, prior to acquiring the social media giant, he would integrate cryptocurrency payments. According to sources, a team is working on the infrastructure for a payment platform, and Twitter is proceeding with regulatory approvals and registrations....
FTX lawyers: Examiner could cost $100M and ‘provide no benefit’
26.1.2023
FTX lawyers, joint provisional liquidators of FTX.US and the Bahamas and a committee of creditors have all opposed the appointment of an independent examiner
Objections Raised Over Appointment of Sullivan & Cromwell as Debtors’ Counsel for FTX
21.1.2023
On Friday, bankruptcy judge John Dorsey approved the law firm Sullivan & Cromwell (S&C) to be appointed as the debtors’ counsel for FTX, despite an objection from Daniel Friedberg, a former FTX US compliance officer. During a Zoom presentation, Friedberg claimed there was a conflict...
FTX CEO fights to keep lawyers as calls for removal intensify
19.1.2023
Numerous parties have objected to the retention of Sullivan & Cromwell as lead counsel to FTX, citing conflicts of interest and insufficient disclosures