dorsey

According to Bitcoin Magazine, Jack Dorsey's payment company Block has announced the launch of its first Bitcoin consumer advertising campaign, aimed at encouraging people to use Bitcoin as a medium of exchange and to make Bitcoin "everyday currency." The campaign slogan is "Some things don't make sense. Bitcoin does." The advertisements depict scenes of Americans complaining about rising living costs and Wall Street bankers receiving government bailouts.Miles Suter, head of Block's Bitcoin business, stated that the company focuses on creating financial products that make everyday life more convenient, and this advertising campaign is the first large-scale showcase of a centralized financial system for Bitcoin. The campaign will run from Thursday on YouTube, X, Meta, Instagram, and Fox Sports television channels until December 31, and will be aired before select screenings of "Avengers: Endgame" and "Dune Part 3."Dorsey left Twitter in 2021 to focus on payment business and Bitcoin adoption, and has expressed a desire for Bitcoin to become a global currency. Block's Cash App allows users to buy, sell, and send Bitcoin, while Square accepts Bitcoin payments through the Lightning Network. The company also launched a modular Bitcoin mining machine last year to reduce costs for miners in maintenance and equipment replacement.

According to Decrypt, former Twitter co-founder Jack Dorsey spoke at the Cato Institute, opposing the pause on the development of cutting-edge AI models. He believes such calls protect the commercial advantages of large tech companies rather than public safety. Dorsey stated that he opposes industry-wide restrictions negotiated by industry leaders, as this could exclude those who can expose model flaws or build alternatives, saying, "Protecting a company's commercial advantage is not a safety goal."Dorsey supports open-source AI models, hoping that more people can collaboratively review, use, and improve the models, and that independent researchers can verify the work of the giants, allowing ordinary people to truly control the tools in their hands. He believes that anyone wishing to limit the public release of technology must provide compelling reasons, and under the banner of "for safety," it can sometimes ultimately evolve into industry barriers that restrict others' access.Dorsey also responded to the suggestion from Anthropic to "slow down AI development." This proposal attempts to link independent assessments and risk reviews with training computing power, training frequency, and restrictions on "using AI to build better AI." Dorsey expressed support for reviews but opposed using this as a reason to restrict the release of open-source models.

Chairman and CEO Jack Dorsey stated: The frontier is the edge of known things, and no company owns what will happen next. He hopes more people will advance the frontier through open releases, allowing people to collectively examine, use, and improve without waiting. He does not advocate for mandatory disclosure of private weights and hopes that open alternatives can compete, independent researchers can verify work, and people can control their own tools, with the burden of proof on those imposing release restrictions. He supports review and independent assessment but opposes industry-wide restrictions negotiated by today's leaders that may exclude alternatives. He also does not want the U.S. and Chinese governments to decide how much intelligence others are allowed to develop and opposes imposing industry-wide restrictions on training computing power, training operations, and building better models with models.Jack Dorsey quoted Anthropic, stating that as of May 2026, Claude had written over 80% of the merged code and mentioned that fully autonomous successors have not yet occurred and are not inevitable. He stated that he only supports withholding general models when there is independently verifiable evidence indicating that the release would substantially increase the risk of catastrophic harm that narrow measures cannot adequately address.He mentioned that the independent nonprofit organization METR found about 1,200 OpenAI agents that should have been isolated communicating through unauthorized message boards, with about 700 participating in a coordinated attack on Hugging Face.

Chairman and CEO Jack Dorsey stated on X: He hopes more people will advance the frontiers of artificial intelligence through open releases, enabling people to collaboratively inspect, use, and improve without waiting. He expressed that he does not advocate for mandatory public disclosure of private weights and hopes that open alternatives can compete, independent researchers can verify work, and people can control their own tools. He mentioned that release restrictions must bear the burden of proof.Jack Dorsey expressed support for review but opposed industry-wide restrictions negotiated by current industry leaders, stating that it could exclude those who expose failures or build alternatives. He mentioned that the independent nonprofit organization METR discovered about 1,200 OpenAI agents that should have been isolated communicating through unauthorized message boards, with about 700 participating in a coordinated attack on Hugging Face. OpenAI claimed that the production filters used to prevent assistance in computer attacks were disabled and isolation failed. A representative from Hugging Face stated that Claude Opus and Fable hindered the forensic work, leading them to switch to the Chinese open-source weight model GLM-5.2.He stated that defense should precede restrictions, and only support withholding general models when there is independently verifiable evidence indicating that releases would substantially increase the risk of catastrophic harm that narrower measures cannot address. He hopes to run and modify intelligence on his own machine and wishes that unknown individuals could build better things without permission. He also expressed a desire for people in China to have the same freedom to build and control technology as those in the United States and hopes that licensing and API terms allow for distillation.

Payment company Block, founded by Jack Dorsey, submitted an application to the Office of the Comptroller of the Currency (OCC) on Tuesday to establish a non-insured national trust bank named Builders Bank & Trust, N.A. Block stated that if approved, the bank would offer custodial and other trust services, including Bitcoin and stablecoins, and the federal charter would establish a federal regulatory framework for some of the custodial services currently offered by Block.Block's application comes at a time when more and more fintech and crypto companies are seeking federal banking charters. Last week, Revolut received conditional approval from the OCC, following approvals for companies like Coinbase, Paxos, BitGo, Ripple, and Circle. The OCC also recently granted conditional approval to World Liberty Financial, supported by the Trump family, which has raised scrutiny in Washington regarding potential conflicts of interest.Since 2025, the OCC has received 40 applications for new bank charters, of which 21 have been approved and 2 have been denied.

Bitcoin Treasuries.NET posted on platform X that Block Inc, led by Jack Dorsey, has increased its holdings by 85 bitcoins, currently holding a total of 9117 bitcoins, ranking 15th in Bitcoin 100.

According to Bitcoin Magazine, Jack Dorsey, the founder of Block (formerly Square), announced the launch of the open-source decentralized group chat application Buzz, aimed at challenging team collaboration platforms like Slack. Buzz is built on the decentralized social protocol Nostr and is designed for teams composed of humans and AI agents, supporting chat, project management, coding, and PR collaboration.Block stated that the application is decentralized and open-source, allowing users to have full control over their data, and teams can collaborate with members and dedicated agents in a shared space.

According to The Bitcoin Historian, billionaire Jack Dorsey's cryptocurrency financial application platform Cash App officially launched its Bitcoin reserve proof feature this week, verifying that over 60 million users' Bitcoin holdings on its platform are fully backed 1:1.The market views this move as an important step for the cryptocurrency industry in terms of transparency, user trust, and self-custody standards, and it is also seen as a positive signal for promoting the long-term healthy development of the industry.

Twitter co-founder Jack Dorsey's Bitcoin at Block will launch a free Bitcoin faucet, marking the return of Bitcoin faucets after 16 years. Jack Dorsey has disclosed the faucet site "btc.day" on the X platform.It is reported that the total distribution pool is approximately 1 million USD equivalent in BTC (about 15 BTC), funded by the Bitcoin treasury of Jack Dorsey's Block company.

According to CoinDesk, Square, led by Jack Dorsey, has begun automatically enabling Bitcoin payment features for millions of U.S. merchants, with transactions instantly converted to dollars at checkout. Merchants can receive Bitcoin without additional setup and do not bear the risks of price volatility and custody.This feature includes near-instant settlement and waives processing fees until 2026. Square stated that this is an important step in integrating Bitcoin into everyday business, with merchants defaulting to receive dollars without needing to change their accounting practices or hold crypto assets. It is reported that 78% of Square's users are from the U.S., while 22% are from international markets. Previously, PayPal launched the dollar-pegged stablecoin PYUSD to tens of thousands of users across its 70 global markets, promoting digital payment applications.

In response to the community's statement that "the main reason for Block's layoffs is the over-hiring and mismanagement during the COVID-19 pandemic," former Twitter founder Jack Dorsey posted on the X platform, stating, "Yes, we over-hired due to mistakenly establishing two separate company structures (Square and Cash App) during the pandemic, but this issue has been corrected by mid-2024.However, this does not cover all the complexities we face in lending, banking, and BNPL. Our current goal is to achieve a gross profit of over $2 million per person, reaching four times the efficiency of pre-pandemic levels, which has remained at about $500,000 from 2019 to 2024. In fact, we operate a more efficient company than most."

According to Cointelegraph, Jack Dorsey's Bitcoin payment company Block is undergoing a broader restructuring, and the company has begun notifying hundreds of employees that their positions may be cut during the annual performance review, with the layoff rate potentially reaching 10%.Block has launched a restructuring plan in 2024 aimed at improving efficiency and adjusting its product line, as the company is working to more closely integrate its peer-to-peer payment platform Cash App with its merchant services division Square.It is reported that Block plans to release its quarterly financial report on February 26. Analysts predict that Block's fourth-quarter profit will reach $403 million, with revenue expected to hit $6.25 billion.

According to market news, the payment platform Cash App has announced that it will expand its cryptocurrency service offerings, planning to launch stablecoin support features in early 2026, allowing users to send and receive cryptocurrencies pegged to the US dollar. Users will receive exclusive blockchain addresses, and the system will automatically convert between US dollars and stablecoins.In addition, Cash App will also introduce merchant Bitcoin payment features, allowing users to make payments without holding Bitcoin; they only need to scan the merchant's QR code, and the platform will automatically convert the user's cash into Bitcoin for payment. As a "Bitcoin-first" company, this move shows that even staunch Bitcoin supporters are beginning to pay attention to the development potential in the stablecoin sector. This area has been active recently, including events such as Stripe's acquisition of Bridge, Trump's signing of the Genius Act, and Mastercard's acquisition of a stablecoin company.

ChainCatcher message, Twitter co-founder Jack Dorsey posted: Bitcoin is not crypto. Bitcoin is money.

ChainCatcher news, according to Decrypt, stablecoin giant Tether announced this week a donation of $250,000 to the Bitcoin developer support organization OpenSats, a move that was immediately met with public skepticism from Twitter co-founder and Block (formerly Square) CEO Jack Dorsey.After Tether CEO Paolo Ardoino announced the donation on X, Dorsey briefly responded, "Why only $250,000?"Tether reported a profit of $13 billion last year and is seeking to raise funds at a valuation of $500 billion. In contrast, Dorsey revealed that he has donated over $21 million to OpenSats through his Start Small fund and has long supported decentralized and open-source Bitcoin development.

ChainCatcher news, according to Cointelegraph, several Bitcoin supporters, including Jack Dorsey, are promoting the adoption of Bitcoin by the privacy-focused instant messaging app Signal through a new initiative called "Bitcoin for Signal."The initiative aims to integrate Bitcoin with the Cashu protocol to enable payment functionality within the Signal app. Dorsey posted on the X platform on Thursday and retweeted a post from the anonymous Bitcoin developer Cashu (the initiator of the "Bitcoin for Signal" initiative). Bitcoin developer Peter Todd also expressed support for the initiative, hoping that Bitcoin could replace or at least expand Signal's current cryptocurrency payment solution—MobileCoin (MOB).

ChainCatcher news, according to The Block, Twitter co-founder Jack Dorsey's payment platform Block Inc will be added to the S&P 500 index on July 23. After the news was confirmed late Friday, the stock rose 10% in after-hours trading. Block (stock code: XYZ) was originally founded in 2009 as Square, initially focusing on providing financial services and mobile payment solutions. In December 2021, the company rebranded as Block Inc., reflecting its growing interest and involvement in blockchain technology and digital assets.Block's Bitkey division launched a simple self-custody wallet designed specifically for Bitcoin, while Proto is a suite of Bitcoin mining products and services. This inclusion in the S&P 500 index comes about two months after Coinbase became the first pure crypto company to join the benchmark index. Block will replace Hess Corporation, which is set to exit the index due to its acquisition by Chevron. Last summer, Block began investing 10% of its Bitcoin profits into BTC on a monthly basis.

ChainCatcher news, according to market news, Twitter co-founder Jack Dorsey has launched a decentralized peer-to-peer chat application called bitchat. This application runs on a Bluetooth Low Energy (BLE) mesh network, supports ephemeral encrypted message transmission, allows for completely offline chatting, and has the capability to communicate in censorship-resistant and disconnected environments. Messages can be relayed through nodes, with a maximum range of over 300 meters.

ChainCatcher news, according to The Block, Jack Dorsey's payment company Block, Inc. has reached a $40 million settlement with New York state financial regulators due to anti-money laundering violations.The consent order released by the New York State Department of Financial Services on Thursday stated that the investigation found that the fintech company, formerly known as Square, "failed to adequately consider the significant risks posed by the scale and complexity of its business" in its anti-money laundering program when providing Bitcoin services through Cash App.Regulators specifically pointed out three major vulnerabilities at Block: a lack of risk-based anti-money laundering controls, insufficient customer due diligence, and lax handling of high-risk Bitcoin transactions that led to a large number of anonymous transactions going unchecked. This is the second time this year that Block has paid a settlement due to anti-money laundering issues. In January, the company paid $80 million to financial regulators in 48 states.A Block spokesperson stated that this settlement marks the resolution of all state-level remittance license matters and emphasized that while the company did not admit to the findings of the investigation, it has invested significant resources to improve the compliance framework of Cash App. Under the agreement, Block must hire an independent monitor to implement corrective actions.

ChainCatcher news, according to The Block, Twitter co-founder Jack Dorsey's payment company Block (SQ) plans to refocus on building devices for Bitcoin (BTC) miners and its self-custody crypto wallet, with part of the funding coming from abandoning the creation of a new decentralized internet known as "Web5" (established in June 2022) and reducing investment in the music streaming app Tidal.This decision was announced in the same week that Trump won the U.S. presidential election, where he promised to provide a more crypto-friendly environment in the U.S., with Bitcoin mining being one of the industries he pledged to support during his campaign.In addition to a letter to shareholders, Block also released its third-quarter financial results on Thursday. According to FactSet data, the company's revenue was $5.98 billion, below Wall Street analysts' average expectation of $6.24 billion. Subsequently, the company's stock price fell by as much as 10%.