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Block Agrees to $764 Million DOJ Settlement as Bitcoin Profit Drops 50%
(5 hours ago) · 2 sources · Summarized by CryptoBipto
Block, the financial technology company founded by Jack Dorsey, is facing a $764 million settlement with the U.S. Department of Justice. At the same time, the company has reported a roughly 50% decline in its bitcoin-related profit.
WHY IT MATTERS
Block is one of the largest companies that lets everyday people buy bitcoin through its Cash App.
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SOURCES
- coindesk.com
- cryptonews.com
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BTCDOJ SettlementBlockCash AppComplianceCorporate Crypto
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