square
San Francisco (AFP) - Jack Dorsey on Thursday announced that his digital payments firm Block is building a system to make it easier for people to mine bitcoin. Dorsey said in a tweet that Block, formerly known as Square, is "officially building an open bitcoin mining system," following through on an idea floated publicly late last year. In November, Twitter co-founder Dorsey announced his departure from the social media platform, allowing him to concentrate on his digital payments firm as it expands into cryptocurrency. Block changed its name from Square late last year to denote a broader miss...
AFP
New York (AFP) - New York's famous New Year's Eve celebration in Times Square will be drastically scaled back due to the pandemic, Mayor Bill de Blasio said Thursday, as the Omicron variant fuels a "staggering" surge in Covid cases. Typically some 58,000 New Yorkers gather to watch a giant ball drop marking the arrival of a new year, but next week the capacity will be reduced to 15,000, with each attendee required to wear a mask and prove they have been vaccinated. The additional safety measures "will keep the fully vaccinated crowd safe and healthy as we ring in the New Year," said de Blasio....
AFP
It used to take acquirers roughly three months to ring up $100bn worth of tech M&A spending. In the current post-pandemic shop-a-thon, buyers are regularly blowing through that threshold in just a single month. Q2 2021 hedge fund letters, conferences and more Total Spending On Global Tech Acquisitions SoarsIn August, total spending on tech acquisitions around the globe soared to $108bn, according to 451 Research's M&A KnowledgeBase. It marked the fifth of eight months so far in 2021 that the value of announced transactions has topped $100bn. Before this year, monthly spending had eclipsed $100...
ValueWalk
Following is the unofficial transcript of a CNBC interview with Square Inc (NYSE:SQ) CFO Amrita Ahuja and Afterpay (OTCMKTS:AFTPY) co-founder & co-CEO Nick Molnar on CNBC’s “Squawk on the Street” (M-F 9AM – 11AM ET) today, Monday, August 2. Following is a link to video on CNBC.com: Q2 2021 hedge fund letters, conferences and more Square CFO And Afterpay US CEO On $29B AcquisitionJIM CRAMER: Joining us is Amrita Ahuja, who has been on “Mad Money” many times, chief financial officer at Square and Nick Molnar, Afterpay co-founder and CEO. Congratulations to you both. I mean I have a lot of people...
ValueWalk
San Francisco (AFP) - Financial payments startup Square was at work Friday on a real-world wallet for safely pocketing bitcoin cryptocurrency. Square founder and chief Jack Dorsey, who is also the top executive at Twitter, had tweeted last month asking for feedback on the notion. "This community's response to our thread about this project has been awesome -- encouraging, generous, collaborative and inspiring," Jesse Dorogusker of the Square hardware team tweeted on Thursday. "We have decided to build a hardware wallet and service to make bitcoin custody more mainstream." Dorsey endorsed Dorogu...
AFP
New York (AFP) - Digital payments company Square has held talks to acquire Jay-Z's Tidal music streaming service, Bloomberg News reported late Wednesday. Square chief executive Jack Dorsey, who also leads Twitter, aims to expand and diversify the company, according to the report, which was based on an unnamed source. Bloomberg said the talks may not result in a transaction. Jay-Z bought Tidal from Europe-based Aspiro in 2015 year in a deal valued at slightly more than $56 million. Owners include several other high-profile artists, including Madonna, Rihanna and Jay-Z's wife, Beyonce. But Tidal...
AFP
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