Twitter co-founder Jack Dorsey's payment company Block (SQ) plans to refocus on creating devices for Bitcoin (BTC) miners and its self-custody crypto wallet, partially funded by abandoning the creation of a new decentralized internet called 'Web5' (founded in June 2022) and reducing investment in the music streaming app Tidal. This decision was announced in the same week that Trump won the U.S. presidential election. Block also released its third-quarter financial results on Thursday. According to FactSet data, the company's revenue was $5.98 billion, below the average Wall Street analyst expectation of $6.24 billion. (Coindesk)