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Block scales back TIDAL investment and shutters TBD in favor of Bitcoin mining

Jack Dorsey’s Block is scaling back its investment in TIDAL, the music streaming platform once owned by Jay-Z, according to a shareholder letter on Thursday. Block is also shutting down TBD, a Bitcoin-focused arm of the business that previously set out to build a decentralized internet, dubbed β€œWeb5.” These cuts will free up the company […]

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Crypto CEO kidnapped in Toronto, released after paying $1M ransom

The CEO of Canadian cryptocurrency firm WonderFi was kidnapped and held for ransom on Wednesday, according to CBC. Dean Skurka was reportedly shoved into a vehicle in downtown Toronto during rush hour, only to be released uninjured after electronically sending $1 million (presumably CAD) to his captors. The WonderFi CEO is the latest crypto celebrity […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

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