Block was one of the first public companies to integrate Bitcoin into its balance sheet, a move noted by the firm's co-founder, Jack Dorsey.
Block did not correct its processes when it was alerted to the alleged breaches of compliance, the former employee alleged.
Block announced the completion of the development of a three-nanometer chip specifically designed for BTC mining.
Dorsey’s Bitcoin-focused TBD business unit, a part of Block, is focused on building on this new venture of the firm called Web5.
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