Jack Dorsey’s Block—a founding member of Crypto Open Patent Alliance—has been forced to cite one of Dr. Wright’s foundational blockchain patents in one of their own recently-approved smart contract patents.
Legal counsel for Block sent letters to Bitcoin.com in July and August 2022 informing the company it was infringing on trademarks under German law, according to reports.
Block's gross profits rose 38% to $1.57 billion, but expenses rose by nearly one-half, resulting in a net loss of $18.7 million, significantly worse than the $3 million loss in Q3 2021.
MicroStrategy's three-month revenue suffered a 2.1% slump from last year as the BTC token, which founder Michael Saylor heavily bet on, found itself in the doldrums following an epic 'crypto' crash.
According to reports on October 25, Block had tapped Perry Hothi, former chief technology officer for Argo Blockchain PLC, to help spur Block’s BTC mining ambitions.
The only purpose of running a 'node' that doesn't create blocks is to monitor and receive transactions quickly and validate transactions receipt faster. There is no benefit to the network overall.
Jack Dorsey’s digital payments company Block (formerly Square) is generating tons of BTC-related revenue but channeling only a tiny portion of that to the company’s bottom line.
Block, if it's allowed to keep that name, could soon find itself competing in court over the name "Bitcoin," which forms the most public and best-known aspect of its blockchain-related businesses.
Days after quitting Twitter as CEO, Jack Dorsey has renamed his payments company Square to "Block," while its blockchain-related project Square Crypto changes its name to "Spiral."
Antpool just lost $150,000 in Bitcoin Core (BTC) after a block it had been mined was rejected by the BTC blockchain.