{
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001122334455554433221100

jack dorsey scales back crypto plans as block shifts focus to lending

Jack Dorsey is scaling back his crypto ambitions at Block, previously focused on decentralized financial services and Web5. The company is winding down its TBD efforts while maintaining a significant bitcoin investment and exploring bitcoin mining and wallet initiatives. Amidst a challenging market and declining stock value, Dorsey has shifted focus to lending products, notably the buy now, pay later service from Afterpay, without mentioning crypto in his recent communications.
CNBC
Afterpay Ltd. Portsmouth Square, Inc. Block, Inc. Twitter Inc. USA Amrita Ahuja Jack Dorsey Jay-Z Show more
Finance & Economy, Market Report
22:18 08.11.2024
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