Technet: Daily Crunch - Jack Dorsey and Jay Z invest in bitcoin development

Friday, February 12, 2021

The big story: Jack Dorsey and Jay Z invest in bitcoin development

The Twitter founder and rapper/entrepreneur have put 500 bitcoin (currently worth more than $23 million) into an endowment called ₿trust, which Dorsey said is being set up as a blind trust.

He also said the endowment will focus initially on bitcoin development in Africa and India — India’s government has been reluctant to embrace cryptocurrencies thus far, while Africa (especially Nigeria) has had a surge in transactions.

A job description for ₿trust’s board members says that the organization’s mission is to “make bitcoin the internet's currency.”

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Image Credits: Dan Kitwood / Getty Images

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The tech giants

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Startups, funding and venture capital

Online workspace startup Notion hit by outage, citing DNS issues — Notion’s service was not loading as of around 9 a.m. ET on Friday.

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Advice and analysis from Extra Crunch

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Everything else

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