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Jack Dorsey dramatically scales back crypto ambitions for Block

By CNBC   |   Nov 8, 2024 at 04:21 PM EST
Jack Dorsey dramatically scales back crypto ambitions for Block

Jack Dorsey, co-founder of Twitter, introduced a new business unit aimed at decentralized financial services with a focus on Bitcoin. Square Inc. rebranded to Block, emphasizing blockchain technology. However, recent decisions have led to winding down the TBD efforts.

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