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

cryptovert November 8, 2024 1 min read

Square
is
also
focusing
more
on
its
self-custody
wallet,
Bitkey,
which
the
company

started
shipping

in
March.
At
the
time,
the
company
said
that
Bitkey
will
not
only
provide
standard
wallet
functionality,
but
also
connect
to
Block’s
payments
platform
Cash
App
and
crypto
exchange
Coinbase
(COIN)
to
allow
buying
and
selling
BTC.

TBD
was

started
by
Block
in
June
2022

to
create
Web5
(not
to
be
confused
with
the
better-known
notion
of

Web3
)
as
“a
group
of
technologies
that
enhance
the
Web
with
decentralized
identity,
personal
data
storage
and
verifiable
data
exchange
capabilities.”
Meanwhile,
the
company

bought
Tidal
,
a
music
and
entertainment
platform,
in
2021
for
nearly
$300
million.

Continue Reading

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