Block faces $764 million DOJ settlement as quarterly bitcoin profit halves
The proposed AML agreement comes as lower Cash App trading fees cut Block's bitcoin gross profit by 50%, though the company raised its full-year profit forecast.
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- TheblockBlock Inc. shares rise 6% after-hours as it raises full-year profit forecast
- Bitcoin MagazineJack Dorsey’s Block (XYZ) Sets Aside $764 Million for DOJ Settlement as Bitcoin Profit Halves
- Yahoo FinanceJack Dorsey-led Block’s DOJ settlement overshadows Q3 profit
- CryptonewsBlock DOJ Settlement: Jack Dorsey’s Company Faces $764M Deal as Bitcoin Profit Plunges 50%
- The DefiantBlock Reaches $964 Million DOJ Deal in Principle Over AML Lapses
- Bloomberg.comJack Dorsey’s Block Modestly Beats Third-Quarter Expectations
- The CryptonomistBlock’s proposed $764M DOJ deal exceeds quarterly profit as Bitcoin gross profit halves
- grafa.comBlock faces proposed $764 million DOJ payment
- BitKEREGULATION | Jack Dorsey’s Block Agrees to Pay Over $750 million in a DoJ Money Laundering Settlement
- Altcoin BuzzBlock Accrues $764M for DOJ Deal as Bitcoin's Profit Share Halves
- Payments DiveBlock reaches $964M DOJ pact
- 24/7 Wall St.Block Expects to Pay $764 Million to Settle a Justice Department Money-Laundering Probe
- WHTCBlock lifts profit outlook on Cash App strength, reaches preliminary DOJ settlement
- IncryptedJack Dorsey’s Block Set Aside $764 Million to Settle Case with DOJ