We could call this Jack Dorsey week. We woke up Monday morning to the news that Jack Dorsey would be resigning as Twitter CEO. We all wondered what this would mean for Square. We got some idea on Wednesday when Square announced it was changing its name to Block. Also making news this week was Capital One for eliminating overdraft fees, New York Community Bank for minting stablecoins, David Marcus for quitting Facebook, and much more. Here are what I consider to be the top ten fintech news stories of the past week.
Jack Dorsey’s Square changes corporate name to Block from CNBC – Just two days removed from his decision to quit Twitter, Jack Dorsey decides to change Square’s name to Block, effective December 10. At the same time, Square Crypto will change its name to Spiral.
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Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.