Jack Dorsey's Block (formerly Square) is scaling back its investments in TIDAL, the music streaming platform, and winding down TBD, its Bitcoin-focused division that aimed to create a decentralized internet. Instead, Block will redirect its efforts and resources into Bitcoin mining and its Bitkey crypto wallet, which are seen as having strong market demand. This shift comes alongside recent cost-cutting measures, including layoffs and increased internal scrutiny, as the company refines its focus on crypto and blockchain initiatives. Continue here.
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