Jack Dorsey’s Square to Invest More in Bitcoin Mining and Shut Decentralized ‘Web5’ Venture

November 7, 2024 Leave a Comment

The company’s shares fell after reporting third quarter sales that missed estimates by 4%.

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Scottie Pippen and the heady rise of the athlete turned crypto bro December 13, 2024
Sports stars are rushing to promote coins and exchanges. But they are stepping into a world of which they often have scant knowledgeScottie Pippen is selling out his NBA legacy again, to be world champion of crypto.In his heyday, the hall of famer was happy to be the Robin to Michael Jordan’s Batman. But time, […]
‘It’s a pure form of gambling’: memecoins boom after Trump election December 12, 2024
‘Hawk tuah girl’ Haliey Welch’s coin fails amid new wave of hype around crypto-related assetsIt is a parable for the attention economy. A celebrity created entirely by social media, “hawk tuah girl” Haliey Welch, helps launch a crypto asset that stokes a viral frenzy and then flames out.The Hawk memecoin was worth $490m (£385m) hours […]
How Trump’s victory sparked a crypto boom – podcast December 9, 2024
Guardian US tech editor, Blake Montgomery, explains what the US president-elect’s embrace of the cryptocurrency world might mean for his second termBitcoin has never been more valuable. Last week, it reached a record $100,000 (£79,000) per bitcoin – the climax of a surge in cryptocurrencies overall since the election of Donald Trump in November.As Guardian […]
Revealed: the tech bosses who poured $394.1m into US election - and how they compared to Elon Musk December 7, 2024
FEC filings offer only a glimpse of the money tech is pouring into Washington as it seeks to influence governmentSilicon Valley poured more than $394.1m into the US presidential election this year, according to a Guardian analysis, the bulk of it coming from an enormous donation of about $243m Elon Musk made to Donald Trump’s […]
Investors up bets on Federal Reserve interest rate cut after US jobs data – as it happened December 6, 2024
Live, rolling coverage of business, economics and financial markets as American private sector adds 227,000 jobs in NovemberThe sale of the Observer, the world’s oldest Sunday newspaper, to Tortoise Media has been agreed in principle.The announcement by the Scott Trust, the ultimate owner of the Guardian and Observer, came as it also revealed that it […]

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TikTok’s annual carbon footprint is likely bigger than Greece’s, study finds December 12, 2024
Average user generates greenhouse gases equal to driving an extra 123 miles in gasoline-powered car a year, data showsTikTok’s annual carbon footprint is probably larger than that of Greece, according to a new analysis of the social media platform’s environmental impact, with the average user generating greenhouse gases equivalent to driving an extra 123 miles […]
Currys says price rises ‘inevitable’ as it faces £32m profits hit from budget December 12, 2024
Electronics retailer says national insurance increase will add costs and depress investment and hiringCurrys said price rises were “inevitable” as it told shareholders that it expected to face £32m in extra costs due to policies from the budget.The electronics retailer, which runs 715 stores, revealed that group revenues increased by 1% to £3.92bn for the […]
UK financial watchdog delays Shein listing amid supply chain scrutiny December 12, 2024
Concerns also raised over allegations about labour practices at fast-fashion retailer’s suppliers Continue reading...
British energy firms told to offer ‘zero’ standing charge tariff by next winter December 12, 2024
Ofgem aims to provide choice as Martin Lewis describes daily fees as a ‘poll tax’ on gas and electricity billsEnergy suppliers will have to offer customers a “zero” standing charge tariff by next winter to address criticism of the daily fees described by the consumer champion Martin Lewis as a “poll tax” on gas and […]
‘It’s a pure form of gambling’: memecoins boom after Trump election December 12, 2024
‘Hawk tuah girl’ Haliey Welch’s coin fails amid new wave of hype around crypto-related assetsIt is a parable for the attention economy. A celebrity created entirely by social media, “hawk tuah girl” Haliey Welch, helps launch a crypto asset that stokes a viral frenzy and then flames out.The Hawk memecoin was worth $490m (£385m) hours […]
Labour’s 2030 green energy goal faces ‘significant challenges’, experts warn December 12, 2024
UK Energy Research Centre says there is ‘very little room for error’ to avoid delays and protect vulnerable peopleLabour’s plan to switch to a clean power system by 2030 faces “significant challenges” to avoid delays and prevent vulnerable households paying higher bills, experts have warned.The UK Energy Research Centre (UKERC) has said there is “very […]
The Guardian view on politicians using business logic: public services aren’t startups | Editorial December 11, 2024
When an insecure government borrows credibility from business leaders, a lot can go wrongA new government, anxious over economic policy and fretful about its polling, invites business leaders to whip Whitehall into shape. That was Rachel Reeves, ordering ministers a few days ago to submit their spending plans to corporate executives. Among those wielding an […]
It’s not bigotry to worry about migration – the latest figures tell a complex story | Larry Elliott December 11, 2024
Large parts of Britain would not function without migrants, but there are consequences for housing, GDP and productivityRecord NHS waiting lists. Flatlining living standards. Rising levels of long-term sickness. The dire state of the public finances. The list of problems inherited from the Conservatives by Keir Starmer is long, but near the top is how […]
Does the bizarre reaction to the killing of a health insurance boss make sense? Only in America | Emma Brockes December 11, 2024
Joyful memes, novelty merch, gushing support: it’s undeniably callous, but points to a deeply dysfunctional systemFor the almost two decades I lived in the US, my approach to medical bills was always the same. First invoice, ignore. Second invoice, ignore. Third invoice, written entirely in capital letters and in red, kick back to my insurer […]
Euston station is incredibly unpopular – but is there light at the end of the tunnel? December 11, 2024
After a barrage of criticism, Network Rail is reversing its decision to replace Euston’s train information boards with adverts – with more changes to comeName: Euston station.Age: 187 years. Continue reading...

Jack Dorsey’s Square to Invest More in Bitcoin Mining and Shut Decentralized ‘Web5’ Venture

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