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Block Inc rises 8% as Q1 gives ‘earnings surprise’ despite Bitcoin dip

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Block’s Q1 earnings beat estimates despite Bitcoin revenue falling 26% on changing Bitcoin “trading dynamics” and reducing fees on Cash App transactions.

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Coin Market

How AI became crypto’s favorite reason to cut staff

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Coinbase, Block and Crypto.com have all cited AI to justify recent cuts, though Scale AI’s Jason Droege suspects companies are using the technology as cover.

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Coin Market

Australian police seize $4.1M in Bitcoin tied to darknet market

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NSW Police said the Bitcoin was allegedly linked to illegal darknet marketplace activity involving drugs and weapons.

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Coin Market

Europe sees ‘hyperconcentration’ of crypto wrench attacks as losses hit $101M

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Criminal teams behind wrench attacks usually consist of three to five people, often posing as delivery drivers or luring victims into ambushes, said CertiK.

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