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Jack Dorsey’s Block (XYZ) Sets Aside $764 Million for DOJ Settlement as Bitcoin Profit Halves
Judul dari Bitcoin Magazine
Poin penting
- Block has reached an agreement in principle for a $764 million deferred-prosecution settlement with the Department of Justice regarding anti-money-laundering shortcomings at Cash App.
- This penalty sum surpasses the firm's $566 million third-quarter profit.
- Additionally, Block experienced a 50% drop in its gross profit from bitcoin following recent reductions to its crypto trading fee structure.
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- Bitcoin MagazineJack Dorsey’s Block (XYZ) Sets Aside $764 Million for DOJ Settlement as Bitcoin Profit Halves · 1 jam yang laluBaca di Bitcoin Magazine
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