Jack Dorsey’s co-founded digital payments business, Block Inc., revealed a $36 million loss on the devaluation of its Bitcoin holdings in the second quarter, which it ascribed to “broader uncertainty about crypto assets.” Block stated in a shareholder letter on Thursday that its Cash App, an online payment system that enables bitcoin purchases, produced $1.79 […]Read full post Block by Jack Dorsey Reports $36M Loss on Bitcoin Holdings on Chaintimes.com.
