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Square Outage Update; Crypto Firm LBRY to Challenge Ruling It Violated U.S. Securities Law

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto-related headlines today, including an update on Cash App and Square, after some users reported issues accessing their accounts or being able to send money. A former FTX executive could forfeit over $1.5 billion after pleading guilty to federal criminal charges. And, crypto startup LBRY will challenge a ruling it violated U.S. securities law.

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Meta Joins Block’s Crypto Open Patent Alliance as Diem Reportedly Winds Down

Meta (formerly Facebook) is joining the Crypto Open Patent Alliance (COPA), a consortium of tech and crypto companies led by Jack Dorsey’s payments company, Block (formerly Square). This comes as Meta winds down its Diem project, reportedly selling its intellectual property to Silvergate Bank for $200 million to pay back investors.

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Could Jack Dorsey Be Taking Square Deep Down the Bitcoin Rabbit Hole?

Following the announcement payments giant Square will be changing its corporate name to Block, CoinDesk's David Z. Morris shares insights into his article examining Jack Dorsey's bitcoin trajectory. Could Jack Dorsey be moving to transform Square into a crypto and blockchain firm?

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Payments Giant Square Is Changing Its Name to Block

Fintech and digital payments giant Square Inc. has changed its name to Block in a move that reflects changes to its business. This comes just two days after CEO Jack Dorsey told investors he would be resigning as the CEO of Twitter.

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I/O Fund Founder: 'Square's Name Change to Block Is a Defensive Move'

Digital payments giant Square Inc. has changed its name to Block. I/O Fund Founder & CEO Beth Kindig discusses the significance underlying this name change, saying, "It's a defensive move ... [and] not a move coming from strength." Plus, evaluating the next big tech stocks and the importance of keeping a "large allocation of bitcoin" in one's financial profile. "Bitcoin is an amazing hedge for inflation," Kindig said.

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Is Jack Dorsey Bitcoin's Unsung Hero?

New ByteTree data reveals Square's Cash App has raised $13 billion for the Bitcoin network, suggesting CEO Jack Dorsey is bitcoin's unsung hero. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Twitter CFO: Buying Crypto Assets ‘Doesn’t Make Sense Right Now’

"The Hash" hosts react to Twitter CFO Ned Segal saying investing in cryptocurrencies “doesn’t make sense right now,” citing volatility concerns. Meanwhile, Twitter CEO Jack Dorsey ​is a supporter of decentralized technology, including bitcoin and other cryptocurrencies. His fintech firm Square also holds crypto on its balance sheets. What do we make of the disconnect?

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Rapper Money Man Becomes the First Artist to Receive Advances in Bitcoin

Atlanta-based multi-platinum rapper and entrepreneur Money Man has become the first artist to receive advances in bitcoin. Music label Empire paid its first artist advance in BTC to Money Man worth $1 million through Square's Cash App. Money Man, along with Empire CEO and founder Ghazi, share their insights.

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Craig Wright to Take Stand Monday in Trial

CoinDesk's Christie Harkin discusses what to expect next week as the crypto industry anticipates Craig Wright, best known for his widely disputed claim to be Satoshi Nakamoto, to testify in a Miami court Monday. Plus, CoinDesk's Damanick Dantes discusses his crypto markets outlook following Square's bitcoin revenue and gross profit falling in the third quarter.

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