Jack Dorsey Focuses On Bitcoin After Stepping Down As Twitter CEO

2021-12-2 12:00

Jack Dorsey has shocked everyone when he announced on Monday that he would be stepping down as Twitter’s CEO. The long-time boss of the company which he had founded had herded it into new heights, making it one of the social media giants. However, it seemed his run had eventually come to an end when he announced that he was resigning and software engineer Parag Agrawal would be taking over from him.

There were speculations in the crypto space about the reason for this move on Dorsey’s part. Many put forward that the ex-CEO who has been heavily involved in the crypto space was stepping down as CEO of Twitter to focus more on his other ventures that are focusing on crypto, mainly Bitcoin. This has proven to be the case according to Square’s latest announcement.

Square Inc. Is Now Block

Just as Square Crypto is now Spiral, Square Inc. has also rebranded to Block. This name change was announced in a press release on Wednesday. This was done to separate the corporate entity from its other businesses. There will be no organizational changes with the name change. Square Inc. (now Block) will continue to operate as it always has, as will all the brands under its umbrella.

Related Reading | Payments Giant Stripe Is Not Ruling Out Crypto Payments, Says Co-Founder

Dorsey who recently left Twitter looks to have stepped into full capacity as CEO of Block. In the statement, Dorsey said, “We built the Square brand for our Seller business, which is where it belongs. Block is a new name, but our purpose of economic empowerment remains the same. No matter how we grow or change, we will continue to build tools to help increase access to the economy.”

Square Crypto Is Now Spiral

Square Crypto has announced that it is undergoing a total rebrand. Under this rebrand, the name of the company had been changed from Square Crypto, which has become a familiar name in the crypto space, to Spiral. In the announcement, the company stated that the rebrand had been long-overdue, adding that “Square Crypto was never the best name for our team.”

BTC price slumps to $57K | Source: BTCUSD on TradingView.com

The name change was done in an effort to break the direct line of connection between its corporate benefactor and the company. This will enable Spiral to standalone as its own without being associated at every turn with its corporate benefactor.

As for how the name was chosen, it turned out to be a much simpler process than most. There was no deep meaning behind the name beside the fact that “it looked and sounded the coolest.” In addition to the blue spiral being the favorite emoji of the company from the beginning.

Plans For Expansion

The year is almost at its close and as such companies have begun to make plans for the coming year. For Spiral, the year 2022 will be a year of expansion as it will be working on a number of projects in the new year. To do this, Spiral (formerly Square Crypto) plans to double the number of full-time developers in the coming year.

Related Reading | Billionaire Tells Investors; “Buy Bitcoin Right Now”

Some of the projects the devs will be working on include the Lightning Development Kit (LDK), the Bitcoin Development Kit (BDK), the grant program, and the Bitcoin Design Guide and Community. Spiral’s mission has always been to simplify adding the Lightning Network to anything and these projects contribute to that mission.

Featured image from MARCA, chart from TradingView.com

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twitter ceo → Результатов: 126


Джек Дорси: биткоин является лучшей реализацией онлайн-валюты

Интернет нуждается в собственной валюте и биткоин является ее лучшей реализацией. Об этом заявил CEO Twitter Джек Дорси в разговоре с Reuters. Twitter CEO @jack tells @Reuters #bitcoin is still the most viable internet-native currency pic.

2020-9-11 15:12


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2019-3-24 14:41


Twitter/Square CEO Jack Dorsey is Hiring Crypto Engineers – to Serve Him or the Bitcoin Ecosystem?

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2019-3-21 16:31


Глава Twitter будет платить биткоинами разработчикам блокчейн-решений

CEO платежной платформы Square и создатель Twitter Джек Дорси объявил о наборе сотрудников для разработки решений для экосистемы криптовалют и биткоина. #BitcoinTwitter and #CryptoTwitter! Square is hiring 3-4 crypto engineers and 1 designer to work full-time on open source contributions to the bitcoin/crypto ecosystem.

2019-3-21 13:48


Фото:

Jack Dorsey: Square Will Pay Bitcoin Devs To Build Open-Source Ecosystem

Twitter and Square CEO Jack Dorsey has revealed a major scheme to pay developers to build out the Bitcoin ecosystem with open source technology. Dorsey Plans To ‘Give Back’ To Open Source In a move which underscored the tech mogul’s appreciation of both cryptocurrency and freely accessible innovation, Dorsey said he will hire “3-4 crypto engineers and 1 designer” to contribute to crypto full time – and pay them in BTC.

2019-3-21 11:00


Adoption: Twitter CEO Wants to Push Bitcoin (BTC) to the Masses, Plans to Hire Crypto Engineers For His $2B Square Payment Company

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2019-3-21 09:10


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2019-3-20 12:50


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2019-3-18 11:54


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2019-3-10 21:06


What’s The Impact Of 4 Million Twitter Followers Being Exposed To CEO Purchasing Bitcoin Weekly

CEO Of Twitter Discloses His Trezor Hardware Purchase Powered By Bitcoin Jack Dorsey, Chief Executive Officer of social media giant – Twitter – and also of Square, a mobile payments company, has recently announced on Twitter that he has purchased a Trezor hardware wallet using Bitcoin (BTC) through the Square Cash app. Based on the […]

2019-3-10 16:15


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2019-3-10 23:03


Фото:

Jack Dorsey Praises Open Source, Buys Trezor Bitcoin Hardware Wallet

Twitter CEO Jack Dorsey has purchased what appears to be his first Bitcoin hardware wallet as his advocacy of the largest cryptocurrency continues.   Dorsey Chooses Trezor Over Ledger In a tweet published March 7, Dorsey — who has become vocal about Bitcoin’s benefits in recent weeks — confirmed he now owns a Trezor wallet, which he purchased using the Cash App by his other company, Square.

2019-3-8 15:00


Фото:

CEO Twitter Джек Дорси приобрел биткоинов на $10 000 всего за неделю

Джек Дорси, являющийся главой Twitter, потратил более 10 тысяч долларов на покупку биткоинов. По его словам, он превысил лимит сделок в приложении Cash App от Square, однако собирается продолжить инвестировать в криптовалюту.

2019-3-7 19:04


CEO Twitter рассказал о покупке биткоинов

Глава Twitter Джек Дорси проговорился о том, что на этой неделе уже превысил лимит на покупку биткоина в Cash App от Square. Об этом он заявил в подкасте Tales from the Crypt. Отвечая на вопрос, будет ли он участвовать в акции «Stacking Sat Saturday», которая предполагает покупку BTC на $25 каждую неделю, он сказал: Отметим, что еженедельный […] Запись CEO Twitter рассказал о покупке биткоинов впервые появилась Криптовалюта.Tech.

2019-3-7 12:32


Фото:

CEO Twitter Джек Дорси приобрел биткоинов на $10 000 всего за неделю. И он не собирается останавливаться

Глава Twitter Джек Дорси проговорился о том, что на этой неделе уже превысил лимит на покупку биткоина в Cash App от Square. Об этом он заявил в подкасте Tales from the Crypt. Отвечая на вопрос, будет ли он участвовать в акции «Stacking Sat Saturday», которая предполагает покупку BTC на $25 каждую неделю, он сказал: «Я […]

2019-3-7 12:04