Policy
Jack Dorsey’s Block (XYZ) Sets Aside $764 Million for DOJ Settlement as Bitcoin Profit Halves
Bitcoin Magazine·November 4, 2026·1 min read
Block (XYZ) agreed in principle to a $764 million deferred-prosecution deal with the DOJ over anti-money-laundering failures at Cash App. The sum exceeds Block's $566 million Q3 profit. Bitcoin gross profit fell 50% after the company cut trading fees, impacting earnings.
Read at Bitcoin MagazineDaily crypto arcade
Read the news, then play it.
Chainshorts turns crypto headlines into a daily game. Catch up in 60 words, then jump into daily lucky draws for a shot at the pot.