Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down - Cointelegraph

The firm however emphasized that while its BTC trading business saw a decline in profits in the quarter, it doesn’t reflect the broader performance of the business.

Former Twitter CEO Jack Dorseys digital payments firm Block Inc. saw its year-on-year (YoY) profits soar 29% to $1.47 billion in Q2, though its Bitcoin business slumped on decreased customer demand a… [+2622 chars]

full article...