Fintech Block laid off 931 people, roughly 8% of the company’s staff, on Tuesday, according to a leaked message from the company seen by TechCrunch. The news was announced to staff in an email from Block’s co-founder and CEO, Jack Dorsey. Dorsey told staff that on Tuesday, Block will be “making some org changes, including eliminating roles and beginning the consultation process in countries where required.” These are the latest changes to hit Block, Dorsey’s financial services giant that owns Cash App and Square. The company provides mobile payments services for consumers, as well as point-of-sale hardware and software for businesses. In the email, Dorsey explained that Block is cutting roles across three broad buckets. The first he lists is 391 people being cut for “strategy” reasons. Read more on Block's layoffs at the link in the bio 👆 Article by Charles Rollet and Maxwell Zeff Image Credits: MARCO BELLO / AFP / Getty Images #TechCrunch #technews #fintech #layoffs #exclusive

The adoption of cryptocurrency-linked consumer products continues to gain momentum as traditional payment networks and fintech providers expand their reach into digital assets. Fold Holdings Inc. (Nasdaq: FLD), a bitcoin-focused financial services company, announced on Sept. 23 that it has partnered with Stripe and Visa to introduce the Fold Bitcoin Rewards Credit Card. The new offering aims to make bitcoin accumulation a natural extension of everyday spending, highlighting broader demand for simplified access to digital currencies in mainstream finance.

Free UPI May Not Last Forever India’s favourite payment method could soon come with a price tag. RBI Governor hints: “Someone has to bear the cost.” Does this mean charges for sending or receiving money? 📌 Nothing confirmed yet, but the message is clear — free may not be forever. 💬 What’s your take? Should UPI remain free? 👇 Comment your thoughts. 📲 Follow @marketing.growmatics for daily business & money updates. #UPI #DigitalPayments #RBINews #FintechIndia #MoneyMatters #FinanceUpdates #IndiaBusiness #RBI #DigitalIndia #Economy #MarketingGrowmatics #StartupIndia #FintechNews

India is expected to publish a long-awaited Crypto Discussion Paper by July, spearheaded by the Department of Economic Affairs and aligned with G20 and U.S. frameworks. This initial draft will spotlight stablecoin integration—particularly U.S. dollar‑linked tokens like USDT—and their potential to revolutionize remittances, while maintaining a neutral stance pending public and multi‑regulator feedback. According to sources on X, the paper is “backed by U.S. & G20 frameworks” and may introduce “unique norms for Bitcoin and stablecoins” aimed at modernizing India’s digital asset ecosystem. Insiders emphasize this will be the first of multiple iterations—intended to stimulate consultation across ministries, the Reserve Bank of India, SEBI, exchanges, fintechs, and the public—rather than imposing immediate regulation. The discussion paper arrives amid global momentum: the U.S. Senate recently greenlit stablecoin oversight, while under India’s 2023 G20 leadership, it endorsed the IMF–FSB roadmap for crypto governance. India will leverage these international precedents—while considering its own $130 billion annual remittance flow—and weigh how stablecoin adoption could reduce transfer costs by up to 90%. Join the free memecoin discord in my bio for alpha 📲 #crypto #bitcoin #btc #cryptocurrency #cryptonews

Vietnam has officially launched a national blockchain-based payments infrastructure, becoming one of the first Southeast Asian countries to do so. The system aims to modernize government financial operations and enhance transparency. Built in collaboration with local fintech firms and universities, the platform uses a permissioned blockchain to process transactions. Early trials showed faster settlement and lower fraud rates compared to legacy rails. This development aligns with Vietnam’s 2030 digital economy roadmap and its goal of 50% of all public services online. Join the free memecoin discord in my bio for alpha 📲

David Marcus, former head of PayPal and current CEO of Lightspark, said “the world needs Bitcoin” in a recent interview. He emphasized BTC’s neutrality, security, and potential as a global settlement layer. Marcus argues that Bitcoin is uniquely positioned to provide financial inclusion without dependence on nation-state infrastructure. He’s currently building products using Bitcoin’s Lightning Network. His comments signal growing support from fintech leaders for Bitcoin’s long-term utility. Join the free memecoin discord in my bio for alpha 📲

A San Francisco jury has found Nima Momeni guilty of second-degree murder in the stabbing death of Bob Lee, the Cash App creator and former CTO of Block. The jury found Momeni not guilty of first-degree murder, meaning jurors decided the murder of Lee was not premeditated. Lee was fatally stabbed on the streets of downtown San Francisco in April 2023. Lee was 43 and the chief product officer at the cryptocurrency company MobileCoin at the time of his death. Prior to that, he led technology development at Jack Dorsey’s Block, where he created the mobile payment service, Cash App, and was also an investor in SpaceX, Clubhouse, Tile, and Figma. Initially after Lee’s murder, many speculated that the tech executive’s death was random and related to San Francisco’s homelessness and crime problem. In fact, it turned out that Lee knew the killer. Read more at the link in the bio. Article by Maxwell Zeff Image Credits: MobileCoin #TechCrunch #technews #fintech #CashApp #founder

Germany’s largest banking group, Sparkassen-Finanzgruppe, plans to offer direct Bitcoin and crypto trading to its 50 million retail customers by mid-2026. The move is being led by DekaBank and enabled by the EU’s MiCA regulatory framework. It represents a major reversal for Sparkassen, which previously called crypto “highly speculative.” Now, it’s embracing digital assets to meet growing demand and compete with fintech challengers. The new platform will feature built-in risk warnings and a self-service model, allowing customers to invest independently. This aligns with a broader European push to integrate crypto into mainstream finance. Join the free memecoin discord in my bio for alpha 📲 #crypto #bitcoin #btc #cryptocurrency #cryptonews #bitcoinnews #cryptotips #ripple #xrp

Dubai’s Roads and Transport Authority (RTA) has begun accepting crypto payments in BTC, ETH, and USDT across its taxi network. The pilot program launched in Dubai will expand nationwide by year-end. Passengers can scan a QR code and pay with their crypto wallets via a government-partnered platform. This initiative aligns with the UAE’s vision to become a global crypto hub. The program is backed by a collaboration between the RTA and local fintech firm Koinex. UAE regulators confirmed compliance with AML/KYC guidelines for crypto transactions. Join the free memecoin discord in my bio for alpha 📲 Folllow for more crypto content posted every day ☑️ #crypto #bitcoin #btc #cryptocurrency #cryptonews #bitcoinnews #cryptotips #ripple #xrp

Trump Media & Technology Group has filed to register up to $12 billion in new securities, signaling a strategic push into cryptocurrency and fintech sectors. This substantial capital raise positions the company to explore mergers, acquisitions, and innovative crypto-related financial products. The company recently closed a $2.44 billion fundraising deal to establish a Bitcoin treasury and subsequently registered to list a Bitcoin ETF. These moves reflect the company’s bullish stance on Bitcoin and its commitment to expanding its presence in the crypto market. This initiative aligns with a broader trend among media and tech firms to integrate cryptocurrency strategies into their business models. Join the free memecoin discord in my bio for alpha 📲 Folllow for more crypto content posted every day ☑️ #crypto #bitcoin #btc #cryptocurrency #cryptonews #bitcoinnews #cryptotips #ripple #xrp