Event JSON
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"kind": 1,
"tags": [
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"r",
"https://www.cnbc.com/2024/11/08/jack-dorsey-dramatically-shutters-blocks-tbd-crypto-unit.html"
],
[
"subject",
"Jack Dorsey dramatically scales back crypto ambitions for Block"
],
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"1731100843"
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[
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"Block, formerly known as Square, has announced that it is winding down its TBD efforts, which were focused on creating decentralized financial services. The company's CEO, Jack Dorsey, had previously stated that the goal of TBD was to make it easy to create non-custodial, permissionless, and decentralized financial services. Despite this, Block is continuing to invest in bitcoin mining and its bitcoin wallet, and will allow users to buy bitcoin through Cash App. The company's decision to wind down TBD comes as it faces pressure from Wall Street to deliver quicker returns on its investments."
]
],
"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpq82wpnq993qplxz5rgvt9p3jradl33tpk3sduun3amu5eznccvt7q27mumq\nhttps://image.cnbcfm.com/api/v1/image/106893738-1623155438178-gettyimages-1233274915-BITCOIN_2021.jpeg?v=1731095196\u0026w=1920\u0026h=1080\nBlock said on Thursday that it was \"winding down\" its TBD division, which had sought to create an open-source crypto development platform.\nhttps://www.cnbc.com/2024/11/08/jack-dorsey-dramatically-shutters-blocks-tbd-crypto-unit.html",
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