Published 3 years ago

Jack Dorsey and Jay Z announce bitcoin fund as cryptocurrency goes mainstream

Summary

Dorsey tweeted the news Friday, writing that they are taking applications for a "blind irrevocable trust" focused on Africa and India. He promises the fund will have "zero direction" from himself and Jay Z and that the partners are searching for three board members. Dorsey and Jay Z are investing 500 bitcoin into the project, currently worth roughly $23 million.

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Times of India

Jack may have 99 problems but a bitcoin ain’t one

Twitter CEO Jack Dorsey's push for bitcoin development in India comes at a time when the Indian government is looking to introduce a national cryptocurrency.

3 years ago·India

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Yahoo News

Jack Dorsey, Jay-Z Donate 500 BTC Towards Making Bitcoin 'The Internet's Currency'

Twitter Inc (NYSE: TWTR) and Square Inc (NYSE: SQ) CEO Jack Dorsey announced a 500 bitcoins (BTC) or $23.56 million worth of endowment to a trust that will fund the development of the apex cryptocurrency in Africa and India. What Happened: The fund will be set up as a blind irrevocable trust and take zero directions from the board members. Dorsey said that rap star and entrepreneur Shawn Corey Carter, better known as Jay-Z, is also contributing …

3 years ago·Los Angeles, United States

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The Hindu

Twitter’s Dorsey and Jay-Z starting Bitcoin Trust to promote Bitcoin Development in India, Africa

The single line job description said, “mission: make bitcoin the internet’s currency.”

3 years ago·India

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The Independent

Jack Dorsey and Jay-Z launch Bitcoin fund

Its mission statement is to ‘make Bitcoin the internet’s currency’

3 years ago·London, United Kingdom

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NDTV

Twitter Chief Jack Dorsey Teams With Jay-Z To Back Bitcoin

Twitter chief Jack Dorsey on Friday put out word that he and rap mogul Jay-Z are creating a fund devoted to making bitcoin digital money "the internet's currency."

3 years ago·New Delhi, India

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CNN

Jack Dorsey and Jay Z announce bitcoin fund as cryptocurrency goes mainstream

Bitcoin's big week got bigger with an announcement from rapper Jay Z and Twitter CEO Jack Dorsey that the pair are establishing a bitcoin development fund.

3 years ago·Atlanta, United States

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