ChainCatcher news, according to analysis by HODL15Capital, the payment service provider Block, founded by Twitter's Jack Dorsey, reported that as of June 30, its Bitcoin revenue reached $5.34 billion. If this pace continues, it is expected to sell $10 billion worth of Bitcoin this year. Note: Bitcoin revenue refers to the total sales of cryptocurrency sold to customers.It is reported that the payment service provider Block's net revenue for the second quarter was $6.16 billion, while the market expected $6.27 billion, compared to $5.535 billion in the same period last year; the adjusted EBITDA for the second quarter was $759 million, with analysts expecting $685.7 million; the Bitcoin revenue for the second quarter was $2.61 billion, with analysts expecting $2.73 billion. The adjusted EBITDA for the third quarter is expected to be $695 million, with analysts expecting $669.5 million; the adjusted EBITDA for the full year is expected to be $2.9 billion, up from a previous estimate of $2.76 billion, with analysts expecting $2.8 billion.

ChainCatcher news, according to Bloomberg, the digital payment company Block (formerly Square), founded by Twitter co-founder Jack Dorsey, announced that it has completed the development of Bitcoin mining chips. The 3-nanometer chip is expected to become one of the most advanced Bitcoin mining chips in the industry.Block stated that this is an important milestone for its Bitcoin mining project, and it is currently working with a leading global semiconductor foundry to finalize the chip design's tape-out.

ChainCatcher news, the decentralized Bitcoin mining pool Mummolin, based in Wyoming, announced the completion of a $6.2 million seed round financing, led by Block CEO Jack Dorsey, with other notable investors including Accomplice, Barefoot Bitcoin Fund, MoonKite, NewLayer Capital, and Bitcoin Opportunity Fund. This funding will drive the launch of the OCEAN mining pool.The OCEAN mining pool is the first transparent and non-custodial platform, allowing miners to receive block rewards directly from coinbase transactions, thereby eliminating the risks associated with traditional pools withholding payments from individual miners.

ChainCatcher news, former Twitter CEO and current Block CEO Jack Dorsey expressed after receiving a reply from Coinbase CEO Brian Armstrong to his tweet: "There’s no doubt that Coinbase has introduced Bitcoin to more people, for which I am grateful. It would be amazing to put more resources into the Bitcoin and Layer 2 technologies you initially focused on, and we would love to collaborate. We want an open internet currency transfer protocol that is not controlled by any single individual, company, or government."Previous report, Jack Dorsey had tweeted asking "Why does Coinbase continue to ignore Bitcoin Lightning Network payment solutions," to which Armstrong replied, "We are exploring how to integrate the Lightning Network, and Coinbase is willing to move towards supporting Bitcoin payments."

ChainCatcher news, Coinbase announced a partnership with Bitkey, which will allow users to buy and trade Bitcoin through Coinbase Pay in the Bitkey wallet.Bitkey is a self-custody Bitcoin wallet launched by Block, a cryptocurrency company under former Twitter CEO Jack Dorsey, aimed at promoting and facilitating the large-scale adoption of cryptocurrency technology. (Source link)

ChainCatcher news, Bitcoin voucher company Azteco announced the completion of a $6 million seed funding round, led by Jack Dorsey, with participation from Lightning Ventures, Hivemind Ventures, Ride Wave Ventures, Aleka Capital, Visary Capital, Gaingels, David Van Der Weele, Sunil Rajaraman, and others.It is reported that Azteco vouchers can be used for online payments and can also be used at hundreds of thousands of retail stores in over 195 countries, allowing people to spend, save, and send small amounts of Bitcoin to friends, family, and merchants. The company plans to use the funds from this round of financing for product development and market expansion in Latin America and Europe. (source link)

ChainCatcher news, former Paxful CEO Ray Youssef is collaborating with Jack Dorsey's Bitcoin company TBD to launch a plug-and-play P2P marketplace that allows anyone to create permissionless P2P markets using Nostr and the Lightning Network.It is reported that Paxful is a well-known P2P Bitcoin marketplace that operated globally for nearly 10 years before shutting down in April this year. Shortly after Paxful's closure, Ray Youssef released the Civ Kit whitepaper, outlining a P2P electronic marketplace system that combines Nostr architecture and the Bitcoin Lightning Network to resist censorship and promote permissionless transactions. (source link)

ChainCatcher News: A document from the U.S. Securities and Exchange Commission shows that after Twitter was acquired by Musk, Twitter founder Jack Dorsey still holds 2.4% of the shares.Jack Dorsey left the company in November 2021 and stepped down from the board in May this year, having previously revealed his intention to focus on cryptocurrency and charitable projects after leaving Twitter. He had publicly stated: "Twitter should be a protocol-level public good, and Elon Musk is the only solution I trust." (source link)