Bitcoin24h $61,756.64-0.51%

Ethereum24h $1,628.23-1.86%

BNB24h $587.20-1.61%

XRP24h $1.10-3.84%

Solana24h $63.40-3.30%

TRON24h $0.3216-0.52%

Hyperliquid24h $53.74-9.25%

Dogecoin24h $0.0829-2.99%

UNUS SED LEO24h $9.46+0.09%

Zcash24h $414.03-7.72%

Crypto firms cut jobs as bear market and AI shift bite

An ongoing bear market combined with wider global economic struggles has hit crypto firms hard, causing delays, staff layoffs, and AI pivots.

Jack Dorsey and Block abandon Web5 to mine bitcoin

Block, the Jack Dorsey-led firm behind Cash App, has announced that it is winding down TBD, its ‘Web5’ initiative.

Transactions from Jack Dorsey’s Block, Cash App, and Square are reportedly being investigated by federal prosecutors over compliance lapses.

Elon Musk is using corporate funds from Twitter, the company he acquired from Jack Dorsey, to sue Dorsey’s crypto company, Block.

Jack Dorsey’s Block has partnered with Blockstream to break ground on an off-grid, solar-powered Bitcoin mining project in Texas.