Jack Dorsey and Jay Z invest in bitcoin development – TechCrunch

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Jack Dorsey and Jay Z create a bitcoin endowment, Datadog acquires a Startup Battlefield firm and BuzzFeed experiments with AI-generated quizzes. That is your Each day Crunch for February 12, 2021.

Oh, and earlier than we get began: Contemplate making use of to the Early Stage pitch off and submitting a pitch deck for suggestions on Additional Crunch Reside!

The large story: Jack Dorsey and Jay Z spend money on bitcoin growth

The Twitter founder and rapper/entrepreneur have put 500 bitcoin (presently value greater than $23 million) into an endowment known as ₿belief, which Dorsey stated is being arrange as a blind belief.

He additionally stated the endowment will focus initially on bitcoin growth in Africa and India — India’s authorities has been reluctant to embrace cryptocurrencies so far, whereas Africa (particularly Nigeria) has had a surge in transactions.

A job description for ₿belief’s board members says that the group’s mission is to “make bitcoin the web’s foreign money.”

The tech giants

Datadog to accumulate utility safety administration platform Sqreen — Initially based in France, Sqreen participated in TechCrunch’s Startup Battlefield in 2016.

BuzzFeed makes use of AI to create romantic companions in its newest quiz — Director of Product for Quizzes Chris Johanesen stated he’s hoping this would be the first in a sequence of “stunt-y experiments.”

Startups, funding and enterprise capital

On-line workspace startup Notion hit by outage, citing DNS points — Notion’s service was not loading as of round 9 a.m. ET on Friday.

Ember names former Dyson head as client CEO, because the startup appears past the good mug — Ember is greatest recognized for its good, heated mugs.

Recommendation and evaluation from Additional Crunch

2 years in, Additional Crunch helps readers construct and develop corporations around the globe — You don’t want a membership to examine what Additional Crunch has completed and what’s subsequent.

Felicis’ Aydin Senkut and Guideline’s Kevin Busque on the worth of easy pitch decks — Regardless that Busque is a co-founder of TaskRabbit, he didn’t get the response he hoped for the primary time he pitched Senkut.

Will ride-hailing income ever come? — A detour into Uber and Lyft’s numbers.

(Additional Crunch is our membership program, which helps founders and startup groups get forward. You may enroll right here.)

The whole lot else

Minneapolis bans its police division from utilizing facial recognition software program — 13 members of the town council voted in favor of the ban, with no opposition.

Use immediately’s tech options to satisfy the local weather disaster and do it profitably — As we enter essentially the most essential decade of local weather motion, we have to be sure that clear applied sciences grow to be the one acceptable norm.

Sweden’s information watchdog slaps police for illegal use of Clearview AI — Earlier this month Canadian privateness authorities discovered Clearview had breached native legal guidelines.

The Each day Crunch is TechCrunch’s roundup of our largest and most essential tales. Should you’d wish to get this delivered to your inbox daily at round 3pm Pacific, you may subscribe right here.

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