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Morning Minute: Jack Dorsey Slashes 40% of Block's Jobs Due to AI

Jack Dorsey has announced a significant reduction in workforce at Block, cutting 40% of jobs as part of a strategic shift towards artificial intelligence. This decision comes amid broader challenges in the tech industry and reflects a growing emphasis on AI technologies. The layoffs are expected to impact various departments within the company, which has been focusing on expanding its AI capabilities. Dorsey’s move highlights the ongoing transformation in the financial and tech sectors as companies adapt to new technological advancements.

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Banking Giant Barclays Mulls Crypto Payments Push: Bloomberg

Barclays is reportedly considering a move into the cryptocurrency payments sector, according to a Bloomberg report. The banking giant is exploring options to facilitate crypto transactions for its clients, reflecting a growing interest in digital assets among traditional financial institutions. This potential initiative comes as Barclays aims to enhance its

Citi and Morgan Stanley expand bitcoin and crypto custody, trading and tokenization efforts

Citi and Morgan Stanley are enhancing their services in the cryptocurrency space by expanding their custody, trading, and tokenization efforts for Bitcoin and other digital assets. Citi plans to offer a broader range of crypto custody services, while Morgan Stanley is increasing its investment in crypto-related offerings for its clients.

Trump Orders Federal Agencies to Dump 'Woke' Anthropic AI After Pentagon Dispute

Former President Donald Trump has directed federal agencies to discontinue their use of Anthropic's AI technology, labeling it as "woke" following a dispute involving the Pentagon. This decision comes amid ongoing debates about the influence of AI in government operations and concerns over its alignment with

Coinbase’s head of litigation says states are “gaslighting” on prediction markets

Coinbase's head of litigation, Paul Grewal, has accused state regulators of "gaslighting" regarding the regulation of prediction markets, asserting that their stance is inconsistent and misleading. He argues that the regulatory framework should be clearer to foster innovation in the crypto space. Grewal emphasizes that prediction

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Banking Giant Barclays Mulls Crypto Payments Push: Bloomberg

Citi and Morgan Stanley expand bitcoin and crypto custody, trading and tokenization efforts

Trump Orders Federal Agencies to Dump 'Woke' Anthropic AI After Pentagon Dispute

Coinbase’s head of litigation says states are “gaslighting” on prediction markets