United States Providers

CoinDesk

CryptoSlate

Jack Dorsey's Block faces $764 million DOJ settlement as bitcoin profit plunges 50%

CoinDeskBy Shaurya Malwa

11/4/2026, 6:06:04 AM

Share:WhatsApp Facebook X (Twitter)Telegram

Jack Dorsey's Block faces $764 million DOJ settlement as bitcoin profit plunges 50% — Photo / Coverage: CoinDeskCredit: Shaurya Malwa

EXECUTIVE SUMMARY

The proposed agreement would resolve a federal anti-money-laundering investigation, while lower Cash App trading fees halved Block's quarterly bitcoin gross profit.

Key Takeaways

Jack Dorsey's Block faces $764 million DOJ settlement as bitcoin profit plunges 50%.
The proposed agreement would resolve a federal anti-money-laundering investigation, while lower Cash App trading fees halved Block's quarterly bitcoin gross profit.
The proposed agreement would resolve a federal anti-money-laundering investigation, while lower Cash App trading fees halved Block's quarterly bitcoin gross profit.

The proposed agreement would resolve a federal anti-money-laundering investigation, while lower Cash App trading fees halved Block's quarterly bitcoin gross profit.

Share:WhatsApp Facebook X (Twitter)Telegram

Read Complete Original Article

Published originally on CoinDesk

Visit Publisher Site →

Related News

🇺🇸 United States

Crypto40m ago

Liquid restores 1:1 Bitcoin backing, but wallet refills remain manual

SideSwap reports full L-BTC backing, while customer payouts still depend on its own Bitcoin wallet and manual refills. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

CryptoSlate

Crypto54m ago

Bitcoin knocks on $78,000 in V-shaped comeback as midterm election uncertainty fades

BTC is steaming higher as U.S. midterm election uncertainty fades.

CoinDesk

Crypto1h ago

Ethereum dev targets 2028 for quantum resistance, a year early

Ethereum researcher Justin Drake said it is their “hope” that Ethereum will achieve its post-quantum and post-AI transition by December 2028.

Cointelegraph

Crypto1h ago

U.S.-sanctioned Moscow Exchange to list bitcoin and Tether’s USDT in December

Russia’s main bourse wants back the crypto trading Russians do abroad, and one of the coins it's listing is issued by a company that freezes wallets on the U.S. sanctions list.

CoinDesk

Multikhabar App

All Information In One Place

Real-time headlines from trusted sources. Get the app now — stay updated, inspired, and ahead with breaking news!