Jack Dorsey and Jay Z invest in bitcoin development – TechCrunch

Jack Dorsey and Jay Z form a bitcoin endowment, with Datadog acquiring Buzzfeed experiments with a startup Battlefield company and AI-generated quizzes. This is your daily crunch for February 12, 2021.

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Big Story: Jack Dorsey and Jay Z Invest in Bitcoin Development

Twitter founder and rapper / entrepreneur has put in 500 bitcoins (currently over $ 23 million) An endowment called owtrust, Which Dorsey said is being established as a blind faith.

He also said that the endowment will initially focus on the development of bitcoin in Africa and India – India’s government is thus far reluctant to embrace cryptocurrency, while transactions in Africa (especially Nigeria) have increased .

‘A job description for Strust’s board members says the organization’s mission is to “make bitcoin the currency of the Internet”.

Tech giants

Datadog application security management platform to acquire 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 – Chris Johanson, director of product for the quiz, said he is hoping it will be the first in a series of “stunt-y experiments”.

Startup, Funding and Venture Capital

Online workspace startup notation struck by outage citing DNS issues – Noon’s service was not loading around 9 am on Friday.

Ember names former Dyson Head as consumer CEO, as startup goes beyond smart mug – Amber is known for its smart, warm mugs.

Additional crisis advice and analysis

In 2 years, Xtra Crunch is helping readers build and grow companies around the world – You do not need a subscription to complete an additional crunch and read about what’s next.

Aydin Senkut of Felicitas and Kevin Busk of Guideline on the value of simple pitch decks – Even though Bush is the co-founder of Tuskrabbit, he did not get the response he was expecting when he first pitched Senkut.

Will Ride-Healing’s profits ever come? – A round in the number of Uber and Lyft.

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Everything else

Minneapolis prohibits its police department from using facial recognition software – Thirteen members of the city council voted in favor of the ban, without protest.

Use today’s technology solutions to meet and benefit the climate crisis – As we enter the most important decade of climate action, we need to ensure that clean technologies only become acceptable standards.

Sweden’s data watchdog slaps police for illegal use of Clearview AI – Earlier this month Canadian privacy officials found that Clearview had violated local laws.

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