Block shares fell Friday after the payments processing company took a second-quarter impairment charge related to bitcoin’s crash during the so-called crypto winter for digital assets.
Shares fell … [read more]
Block slides as drop in bitcoin revenue dents 2nd-quarter earnings for the Cash App parent
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/cloudfront-us-east-2.images.arcpublishing.com/reuters/KGBQSYSMQRO47BZLCENBDEJYZA.jpg "Bitcoin rises 3.4% to $24584; up 39.7% from year low in June – Reuters")
/cloudfront-us-east-2.images.arcpublishing.com/reuters/VEMNAX3DIBMGZGCA5HIDFVEFVM.jpg "Crypto derivatives volumes surge to $3.12 trillion in July – CryptoCompare – Reuters")
/cloudfront-us-east-2.images.arcpublishing.com/reuters/KK6EBWEIDBOHZJJDF3XGYIPGWY.jpg "Crypto lender Celsius gets court sign-off to sell bitcoin but not stocks or debt – Reuters")