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

T1Covered by 1 source · first reported by CoinDesk at 04 Nov, 06:06 UTC

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

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• T1Jack Dorsey's Block faces $764 million DOJ settlement as bitcoin profit plunges 50%CoinDesk04 Nov, 06:06