While Jack Dorsey cites AI-enabled productivity gains as the reason for Block's cuts, the deeper shift is in payments plumbing: stablecoin settlement threatens to compress the fee stack that fintech ...

Block said the restructuring will cost up to $500 million and be largely completed by mid-2026, as investors embraced the move.

Proof-of-activity is a blockchain consensus that combines proof-of-work and proof-of-stake to enhance security and ...

CEO cited AI advances in cutting 4,000 workers, but a weak crypto market and declining stock price may also be at play ...