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

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

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

The large story: Jack Dorsey and Jay Z put money into bitcoin growth

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

He additionally mentioned the endowment will focus initially on bitcoin growth in Africa and India — India’s authorities has been reluctant to embrace cryptocurrencies to this point, 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 forex.”

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The tech giants

Datadog to accumulate utility safety administration platform Sqreen — Originally 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 mentioned he’s hoping this would be the first in a collection of “stunt-y experiments.”

Startups, funding and enterprise capital

Online 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 shopper CEO, because the startup seems past the good mug — Ember is finest recognized for its good, heated mugs.

Advice and evaluation from Extra Crunch

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

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

Read More:  Daily Crunch: Target acquires Deliv’s delivery tech

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

(Extra Crunch is our membership program, which helps founders and startup groups get forward. You can join right here.)

Everything else

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

Use right now’s tech options to fulfill the local weather disaster and do it profitably — As we enter probably the most essential decade of local weather motion, we have to be certain that clear applied sciences turn out to be the one acceptable norm.

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

The Daily Crunch is TechCrunch’s roundup of our greatest and most vital tales. If you’d prefer to get this delivered to your inbox day-after-day at round 3pm Pacific, you possibly can subscribe right here.

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