Afternoon version

Former Twitter CEO Jack Dorsey has been spending his time on NOSTR, an open-source social media protocol popular with Bitcoin enthusiasts. Dorsey has become increasingly focused on NOSTR as a potential vehicle for his decentralized internet vision, and has been posting prolifically on the network. In a recent interview, Dorsey revealed that his payments startup Square, rebranded as Block, is working on NOSTR-compatible products.

News of his death has shocked and saddened the industry, with many expressing their condolences on social media. Dorsey called Lee a "true friend" and said that he was "heartbroken" by the news.

Lightning Development Kit, also known as LDK, is a project from Bitcoin open-source development entity Spiral, which is funded by Jack Dorsey’s Block.

Bitcoin is set to become the go-to currency for moving money between African countries, according to a new report by CNBC.

After a 2-year investigation, Hindenburg concluded Block (previously known as Square) “systematically took advantage of the demographics it claims to be helping.” The report accused the firm of facilitating “fraud against consumers and the government” as well as “avoiding regulation.” It further called Block’s loans and fees to be “predatory” in nature and designed to “mislead investors with inflated metrics.”

Hindenburg Research, a financial research firm, has issued a report claiming that Jack Dorsey’s Block, formerly known as Square, has facilitated fraud for criminals, allowing them to conduct criminal activities using the platform. The report alleges that the company failed to exert know-your-customer (KYC) procedures, leading to inflated user metrics. (Bitcoin.com)

Block Inc. co-founder Jack Dorsey’s net worth was hammered after Hindenburg Research’s latest report, which alleged the payments company ignored widespread fraud. 

Fintech payments company Block (SQ) is down 17% after being the subject of the latest attack from notable short seller Hindenburg Research.

Cathie Wood's Ark Invest purchased shares in Jack Dorsey's Block for the third day.