News · Cryptocurrency & Blockchain
Jack Dorsey's Block faces $764 million DOJ settlement as bitcoin profit plunges 50%
The proposed agreement would resolve a federal anti-money-laundering investigation, while lower Cash App trading fees halved Block's quarterly bitcoin gross profit.
This is a short summary of a report by a third-party publisher. Newsline Press did not produce the original reporting.
Read the full story at CoinDeskOriginal publisher: CoinDesk
This content is for information only and is not investment advice. See our disclaimers.
Spotted an error? Request a correction · Corrections Policy
Related stories
Ethereum dev targets 2028 for quantum resistance, a year early
Ethereum researcher Justin Drake said it is their “hope” that Ethereum will achieve its post-quantum and post-AI transition by December 2028.
Cointelegraph ·
U.S.-sanctioned Moscow Exchange to list bitcoin and Tether’s USDT in December
Russia’s main bourse wants back the crypto trading Russians do abroad, and one of the coins it's listing is issued by a company that freezes wallets on the U.S. sanctions list.
CoinDesk ·
N Korea fires multiple missiles, denies US claims on Binance hack
Kim Yo Jong refuses dialogue with US after denying responsibility for theft of more than $6bn in crypto assets.
Al Jazeera ·
South Korea's ruling party wants to delay its crypto tax again
South Korea's ruling party wants to delay crypto tax by about two years, as it waits for global tax-sharing rules and new digital assets law.
CoinDesk ·
Democrats surge toward Senate, House majorities, with crypto braced for new direction
The dominance of Republicans in all three government branches has been broken by the midterms, and the industry will feel the result as Congress changes hands.
CoinDesk ·
Bitcoin briefly sinks to $75,700 as bets on a Democratic sweep rattle markets
Stock futures and the dollar slid and Treasuries rallied as early U.S. midterm returns pointed to Democrats taking both chambers of Congress.
CoinDesk ·