Daily Crunch - Jack Dorsey and Jay Z invest in bitcoin development

TechCrunch Newsletter [TechCrunch logo]( [The Daily Crunch logo]( Friday, February 12, 2021 • By [Anthony Ha]( 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! [The big story: Jack Dorsey and Jay Z invest in bitcoin development]( 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]( [The big story: Jack Dorsey and Jay Z invest in bitcoin development image] Image Credits: Dan Kitwood / Getty Images [Unleash your creativity this Presidents Day]( Sponsored by [Dell for Entrepreneurs]( [Take advantage of these amazing deals and save up to 50% on select Dell products! You are destined to do great things so why shouldn’t your technology? Check out Dell technologies’ new XPS 13, it just may change the way you work.]( [Read more]( The tech giants [Datadog to acquire application security management platform Sqreen]( — Originally founded in France, Sqreen participated in TechCrunch’s Startup Battlefield in 2016. [BuzzFeed uses AI to create romantic partners in its latest quiz]( — Director of Product for Quizzes Chris Johanesen said he’s hoping this will be the first in a series of “stunt-y experiments.” [The tech giants image] Image Credits: BuzzFeed Startups, funding and venture capital [Online workspace startup Notion hit by outage, citing DNS issues]( — Notion’s service was not loading as of around 9 a.m. ET on Friday. [Ember names former Dyson head as consumer CEO, as the startup looks beyond the smart mug]( — Ember is best known for its smart, heated mugs. [Startups, funding and venture capital image] Advice and analysis from Extra Crunch [2 years in, Extra Crunch is helping readers build and grow companies around the world]( — You don’t need a membership to read about what Extra Crunch has accomplished and what’s next. [Felicis’ Aydin Senkut and Guideline’s Kevin Busque on the value of simple pitch decks]( — Even though Busque is a co-founder of TaskRabbit, he didn’t get the response he was hoping for the first time he pitched Senkut. [Will ride-hailing profits ever come?]( — A detour into Uber and Lyft’s numbers. (Extra Crunch is our membership program, which helps founders and startup teams get ahead. [You can sign up here](.) [Advice and analysis from Extra Crunch image] Image Credits: Bryce Durbin / Bryce Durbin Everything else [Minneapolis bans its police department from using facial recognition software]( — Thirteen members of the city council voted in favor of the ban, with no opposition. [Use today’s tech solutions to meet the climate crisis and do it profitably]( — As we enter the most crucial decade of climate action, we need to ensure that clean technologies become the only acceptable norm. [Sweden’s data watchdog slaps police for unlawful use of Clearview AI]( — Earlier this month Canadian privacy authorities found Clearview had breached local laws. [Everything else image] Image Credits: Design Cells / Getty Images [Read more stories on TechCrunch.com]( Newest Jobs from Crunchboard - [Senior Associate, Project Management at The Pew Charitable Trusts (Washington, D.C., USA)]( - [Technical Project Manager at Siren Marine (Newport, RI, USA)]( - [Software Engineer at Fountain Therapeutics (San Francisco, CA, USA)]( - [Front End Developer at Basil Systems (Boston, MA, USA)]( - [Sr Backend Engineer at Basil Systems (Boston, MA, USA)]( [See more jobs on CrunchBoard]( [Post your tech jobs]( and reach millions of TechCrunch readers for only $200 per month. [Facebook]( [Twitter]( [Youtube]( [Instagram]( [Flipboard]( [View this email online in your browser]( [Privacy Policy]( | [Terms of Service]( | [Unsubscribe]( © 2021 Verizon Media. All rights reserved. 110 5th St, San Francisco, CA 94103