Happy Friday, Blockfolians
You read that right. Late last night, Jack Dorsey announced that he and the impressario Sean Carter himself were starting a blind bitcoin trust to fund bitcoin development around the world.
The fund is starting with 500 BTC (worth around $24m) and will focus initially on Africa and India. Coincidentally, two locations that have been dealing with potential crypto bans this week.
It’s a breath of fresh air to see celebrities rally around bitcoin, especially after the last bull cycle that was just about how much ICO money they could grab.
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Highly Relevant Reading
Grayscale is building a Yearn Finance trust
JPMorgan COO says they’ll offer bitcoin trading if there is enough customer demand
Miami Commissioners vote to study and educate on crypto
The first North American Bitcoin ETF is approved
Pour one out for fallen comrades
The accumulation continues
A Really Big Number We Should Be Paying Attention To
That’s the pre-money valuation rumored in a new Series D raise for BlockFi