Celebrity News

Twitter boss Jack Dorsey collaborates with Jay-Z

Twitter chief Jack Dorsey on Friday put out the word that he and rap mogul Jay-Z are creating a fund devoted to making bitcoin digital money “the internet’s currency.

Dorsey, who is also founder and chief of financial services and mobile payments firm Square, said in a tweet that he and Jay-Z are giving 500 bitcoin to fund an independent endowment called “Btrust. That amount of the cryptocurrency was worth about $24 million (about R350 million) on Friday.

“It will be set up as a blind irrevocable trust, taking zero direction from us,” Dorsey said, adding that the fund would initially focus on bitcoin development teams in Africa and India. He said three board members were being sought, adding a link to an online application that stated the mission is to “make bitcoin the internet’s currency.

Jack Dorsey Jack Dorsey and Jay Z

Launched in 2009, bitcoin has been on a meteoric rise since March, when it stood at $5 000, spurred by online payments giant PayPal saying it would allow account holders to use cryptocurrency.

On Friday, Canada’s main securities regulator cleared the launch of the world’s first exchange-traded bitcoin fund, giving retail investors greater access to the booming cryptocurrency.

Skeptics say bitcoin is highly volatile and regulators warn it is vulnerable to illicit use.

Bitcoin on Friday touched a new high of $48 930 after MasterCard and US bank BNY Mellon moved to make it easier for people to use the cryptocurrency.

In other news – I want the one I love – Kelly Khumalo slams Men sliding in her DMs: Video

As Valentine’s Day is upon, many will be celebrating the day by exchanging gifts and lovebirds will certainly pull out all the stops for fancy vacations, gifts and romantic outings.

Kelly Khumalo

To those who haven’t found love, the day could possibly bring loneliness and heartache and Kelly Khumalo is not in a rush to be in a relationship, merely for Valentine’s Day. Learn more

Source: IOL