Jack Dorsey and Jay-Z to set up 500 BTC blind Bitcoin trust in India, Africa
Just hours after an anonymous source claimed India would issue a blanket ban on all cryptocurrencies, Jack Dorsey and Jay-Z announced a 500 Bitcoin development trust. Twitter CEO Jack Dorsey has announced the creation of a blind Bitcoin (BTC) development trust worth 500 BTC ($23.7 million), along with rapper Jay-Z, for teams working on the project in India and Africa. Dorsey revealed the creation of the trust on Feb. 12 while sending out a call for three board members to oversee the blind trust initially.JAY-Z/@S_C_ and I are giving 500 BTC to a new endowment named ₿trust to fund #Bitcoin....
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"It‘ll be set up as a blind irrevocable trust, taking zero direction from us," said Dorsey.
The 500 BTC blind trust announced its board of directors. Back in February, Jack Dorsey and Jay-Z created the ₿trust with a clear mission; to “make bitcoin the internet’s currency.” The four individuals in charge of making that happen are now public knowledge. Three of them are from Nigeria, a country that prohibited banks to process Bitcoin and other cryptocurrencies’ transactions. And is now one of the world’s leading P2P Bitcoin markets. Related Reading | Spiral BTC Releases Lightning Development Kit. Jack Dorsey’s Puppet Promotes It Bitcoin’s price was roughly $47K on....
Hip-hop mogul Sean Carter and Jack Dorsey are putting 500 BTC in a blind trust.
It’s time for the Btrust to start making moves. And they did so by announcing their “to-do list” and “high level goals.” A month ago, Block CEO Jack Dorsey and rapper and entrepreneur Jay-Z announced the members of the board for their 500 BTC blind trust. Btrust’s purpose is to “make bitcoin the internet’s currency” and their field of action is Africa and India. Hello World 👋 We’ve been working hard on getting ₿trust set up. To start out, we’ve broken up our to-do list into a set of high level goals. Each of these tasks require careful thought. We’ll be requesting feedback from the....
Jack Dorsey, CEO of Twitter, hinted at the possibility of integrating Lightning Network into Twitter yesterday. Dorsey answered a Tweet of a follower saying it was “just a matter of time” for this to be a fact. Dorsey is a big Bitcoin proponent and has extended Bitcoin functionality to another of his companies, Square. Jack Dorsey Hints at Twitter/Lightning Network Integration Jack Dorsey hinted yesterday at the possibility of integrating Lightning Network into Twitter. Dorsey stated it was “only a matter of time” for this to happen, answering a follower’s....