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Block reportedly greenlit transactions involving terrorist groups and sanctioned nations
Block appears to be squarely in the government’s sights. Prosecutors from the Southern District of New York are reportedly probing extensive compliance lapses at the parent company of Square and Cash App.
Block is reportedly laying off around 1,000 workers
Block is the latest major tech company to conduct large-sale layoffs. The company is reportedly letting go around 1,000 workers, with Cash App, Foundational and Square bearing the brunt of the impact.
Police arrest suspect in killing of Cash App founder Bob Lee (updated)
A suspect in the murder of Cash App founder Bob Lee has been arrested, and may be a tech executive Lee knew.
Cash App creator Bob Lee reportedly killed in San Francisco stabbing
Lee's most recent employer MobileCoin confirmed his passing.
Cash App breach impacted over 8 million users
A former employee downloaded reports with US customer information.
Square makes its Cash App available for teen use
But they'll need parental permission to use it and there's no bitcoin trading allowed.
The Cash app's parent company is now running its own bank
Square Financial Services is bringing financing for Square sellers in-house.
Square could be trying to buy Tidal from Jay-Z
The outlet is reporting that Square, the payments company run by Twitter co-founder and CEO Jack Dorsey, has discussed a potential acquisition with Jay-Z, the rapper and entrepreneur who bought Tidal in early 2015. Bloomberg cites an unnamed source and has emphasized that a deal isn’t guaranteed. Tidal is a direct competitor to Spotify, Apple Music, YouTube Music and Amazon Music Unlimited.
Square enables free stock trades using Cash App
Square kept introducing new features for its Cash app over the past years until it's no longer just meant for sending and receiving money from friends. Last year, the company launched the ability to instantly buy and sell bitcoin, allowing users to take a chance on cryptocurrency if they want to. Now, Square has revealed that it's rolling out the ability to buy stocks from within the Cash app. Users don't even have to invest money they can't afford losing -- say, over $1,000 to buy a single Google share -- because it'll allow them to buy fractions of stocks for as little as $1.