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Jack Dorsey and Jay Z create a bitcoin endowment, Datadog acquires a Startup Battlefield company and BuzzFeed experiments with AI-generated quizzes. This is your Daily Crunch for February 12, 2021.
Oh, and before we get started: Consider applying to the Early Stage pitch off and submitting a pitch deck for feedback on Extra Crunch Live!
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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.”
Read more
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Image Credits: Dan Kitwood / Getty Images
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Image Credits: BuzzFeed
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Image Credits: Bryce Durbin / Bryce Durbin
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Image Credits: Design Cells / Getty Images
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