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Jack Dorsey’s Block commits to build an ‘open’ bitcoin mining ecosystem

Block, the payments-focused company formerly known as Square, is officially throwing its hat into the bitcoin mining game. Dorsey initially teased such a move last fall, highlighting a possible bid “based on custom silicon and open source for individuals and businesses worldwide.” Now, statements from Block executives as well as recent job postings offer more specifics on what that venture will look like.  In a tweet thread, the company’s general manager for hardware, Tom Templeton, doubled down on the decentralization …

Square changes its name to ‘Block’ as part of broader push into crypto

Jack Dorsey’s payment firm Square is rebranding the name of its corporate entity to “Block,” according to a company announcement on Wednesday. The change will become official on December 10.  The name change stems from the firm’s desire to become more deeply embrace decentralized and blockchain technology, citing that the name change has been in the works for the past year.  “We built the Square brand for our Seller business, which is where it belongs,” said Jack Dorsey, co-founder and …