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House votes to block GOP senators from suing regarding Jack Smith documents

House votes to block GOP senators from suing regarding Jack Smith documents

The House recently voted unanimously to eliminate a controversial provision that aimed to give Republican senators the ability to sue the federal government if their phone records were obtained by former special counsel Jack Smith. This provision was part of a new legislation signed into law by President Trump last week, which also ended a […]

Court rules that the administration cannot block $4 billion in food assistance.

Court rules that the administration cannot block $4 billion in food assistance.

Federal Court Upholds Food Aid Decision Amid Government Shutdown A federal appeals court late Sunday supported a judge’s directive requiring President Donald Trump’s administration to fully fund this month’s food assistance for 42 million low-income Americans, despite the ongoing government shutdown. The Boston-based U.S. Court of Appeals for the First Circuit chose not to interfere […]

Bitcoin accounts for almost a third of Jack Dorsey’s Block revenue in Q3, Kazakhstan is set to start a $1 billion crypto reserve, and more.

Bitcoin accounts for almost a third of Jack Dorsey’s Block revenue in Q3, Kazakhstan is set to start a $1 billion crypto reserve, and more.

Bitcoin Still Strong Despite Volatility Happy Friday! Bitcoin continues to trade above $100,000, having navigated a rough patch recently. However, there’s a glimmer of hope as institutional investors are increasingly showing interest and there are signs of accumulation among major holders. Analysts suggest that this indicates a quiet resurgence of confidence in Bitcoin, the largest […]

Block, founded by Jack Dorsey, Generates Almost $2B from Bitcoin Earnings in Q3

Block, founded by Jack Dorsey, Generates Almost $2B from Bitcoin Earnings in Q3

Block’s Third Quarter Financial Report Block reported nearly $2 billion in Bitcoin revenue for the third quarter, which represents about a third of its total revenue of $6.11 billion. According to its recent filing with the Securities and Exchange Commission, the fintech company achieved a net income of $461.5 million. In a letter to shareholders, […]

Democrats block Republicans’ attempt to reopen the government for the ninth time.

Democrats block Republicans' attempt to reopen the government for the ninth time.

Senate Republicans’ Ninth Attempt to Reopen Government Fails Senate Republicans have once again failed to reopen the government, marking their ninth unsuccessful attempt. Senate Democrats, it seems, are leaning towards delaying any movement until next week. Senate Majority Leader Chuck Schumer and his Democratic colleagues blocked another House-approved continuing resolution aimed at extending expired Obamacare […]

Dorsey and Lummis Advocate for Bitcoin Tax Relief as Block Grows BTC Payments

Dorsey and Lummis Advocate for Bitcoin Tax Relief as Block Grows BTC Payments

Simply put Jack Dorsey, the founder of Block, recently tweeted about the need for a minimal tax exemption on regular Bitcoin transactions, prompting a response from Senator Cynthia Lummis, who stated, “We’re working on it.” Lummis has encouraged supporters of the tax exemption to reach out to their representatives. This exemption was part of broader […]