Block Inc. paid $40 million to settle Cash App crypto compliance failures as it pushes to become a full-service bank.

In Austin, Apple, Google, and Cash App alums ditch big paychecks for bitcoin, backed by VCs, crypto friendly policy and belief that this time, it is different.

Announcing the fine on Thursday, New York's Department of Financial Services faulted "critical gaps" in the Bank Secrecy Act.

Lisa Neigut started as a back-end engineer at Cash App, where she worked on their internal bitcoin product, before moving to Blockstream and spending six years as an open-source developer on the ...