Jack Dorsey dramatically scales back crypto ambitions for Block

Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021.During the crypto-crazed summer of 2021, when memecoins like dogecoin and Shiba Inu were rocketing alongside bitcoin and ethereum, Square founder Jack Dorsey announced that his payments company was starting a new business unit, with the goal of "making it easy to create non-custodial, permissionless, and decentralized financial services.""Our primary focus is #Bitcoin," Dorsey ...