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Jay-Z And Jack Dorsey's Btrust Acquires African Bitcoin Firm Qala

It looks like Jack Dorsey and Jay-Z are keeping their word on the endowment fund Btrust’s mission.

Sep 5, 2023

Author And CEO Justin Rhedrick Went From Behind Bars To Teaching About Bitcoin At Jay-Z's Academy

BitcoinVegan CEO and “From Bars to Bitcoin” author Justin Rhedrick is a supporter of Bitcoin, but his journey had various obstacles before the digital currency.

Dec 15, 2022

Jay-Z And Jack Dorsey Join To Fund 'The Bitcoin Academy' To Provide Financial Education For Marcy Houses Residents

Jay-Z wants to teach cryptocurrency to the community where he grew up. The mogul has joined Twitter founder Jack Dorsey for The Bitcoin Academy — a financial literacy program for residents of the Marcy Houses in Brooklyn, New York — Complex reports.  

Jun 9, 2022

Rihanna's Foundation Pledges $15M To Climate Justice, Joins Jack Dorsey's #StartSmall Initiative

Rihanna’s foundation is continuing its mission to advocate for policy and systems change. According to a press release, The Clara Lionel Foundation has partnered with Jack Dorsey’s philanthropic initiative, #StartSmall, to pledge $15 million toward the climate justice movement within the United States and the Caribbean.

Jan 26, 2022

Cardi B Wants To Know Whether Crypto Will Replace The Dollar — And Jack Dorsey Has An Answer

Cardi B and her inquisitive nature often spark topics of conversation on social media. For the latest trending topic, former Twitter CEO Jack Dorsey entered the chat with the rapper. On Dec. 20, Cardi B opened up the floor for her followers’ input regarding a question she had about cryptocurrency. “Do you think crypto is going to replace the dollar?” she wrote via Twitter. The tweet brought in a wave of responses including one from Dorsey.

Dec 21, 2021

Jack Dorsey Reveals Diverse Line Up Of Board Members For Bitcoin Endowment With Jay-Z

Twitter co-founder and Block CEO Jack Dorsey just announced the official board members of his bitcoin development endowment in collaboration with Hip-Hop royalty Jay-Z. As previously reported by AfroTech, Dorsey has expressed interest in the power of bitcoin and other forms of cryptocurrency. He will now put some action behind the talk of using the digital form of currency to leverage his business. Jack Dorsey is following through on his commitment with Jay-Z to pledge 500 BTC to set up ₿trust, an endowment to fund bitcoin development focusing on teams based in Africa and India. When AfroTech first told you the news in February 2021, Dorsey mentioned needing three board members, but he’s now announced four. The team will take zero direction from Dorsey and Jay-Z when getting started.

Dec 16, 2021

Jack Dorsey Steps Down As Twitter's CEO, 'I'm Really Sad...Yet Really Happy'

Jack Dorsey announced on Twitter Monday that he is resigning as CEO of the social networking company after nearly 16 years. not sure anyone has heard but, I resigned from Twitter — jack (@jack) November 29, 2021 Dorsey has been leading Twitter in various roles since the social media giant was founded in 2006. He went from co-founder to CEO before being pushed out in 2008. Dorsey rejoined Twitter in 2011 as executive chair before taking over as CEO again in 2015. Twitter’s CTO Parag Agrawal has been named Dorsey’s successor, effective immediately, and Bret Taylor, Salesforce President, COO, and Twitter chairman, has been promoted to Twitter’s board chair. “I want you all to know that this was my decision, and I own it. It was a tough one for me, of course. I love this service and company…and all of you so much. I’m really sad…yet really happy,” Dorsey said in an email he shared on Twitter. “There aren’t many companies that get to this level. And there...

Nov 29, 2021

Jay-Z To Sit Down With Twitter CEO Jack Dorsey To Discuss TIDAL And The State Of Music

If you’ve ever wanted to have a virtual brunch with Jay-Z, Twitter CEO Jack Dorsey is here to make your dreams come true. In a tweet, Dorsey announced that on Monday, June 28, 2021, he would be sitting down with Jay-Z to “discuss TIDAL and music.” Dorsey also said that the duo would be joined by other “special guests,” though he wasn’t clear on who those special guests would be. Jay-Z (real name: Shawn Carter) isn’t known to do much talking, but he’s willing to speak with Dorsey, his longtime friend and business collaborator. In April 2021, Jay-Z sat down with Louis Wise for England’s Sunday Times where he talked “fame, fortune and lockdown life with Beyoncé and the kids.” Now that we’re in a new season, it’ll be interesting to see what Hov will share this time around. You can check out the tweet announcement below. We’re talking @TIDAL and music on Monday! With Jay/ @sc and some special guests. Reply with any questions you have and we’ll pick some to answer live. 10a Pacific...

Jay-Z Finalizes Deal, Sells TIDAL To Square For $302M

Jay-Z no longer owns TIDAL. According to Rap-Up, the hip hop great-turned-business mogul has finalized the deal to sell the streaming service to the Jack Dorsey-owned Square for a hefty $302 million. The deal turns over the majority of the shares of TIDAL to Square, thus fully releasing Hova of all financial responsibilities of the app. Dorsey first announced that Square would be acquiring TIDAL last month. So now that Jay-Z no longer owns TIDAL, what does that mean for his interest in the company? Well, for starters, even though he no longer owns the majority stake in the company (Square got 80 percent of the company in the deal), Hova (real name: Shawn Carter) will join Square’s Board of Directors, while Square executive Jesse Dorogusker will lead in the interim until a new Head of TIDAL is found. And even though Square will now own the licensing deals with the major record labels, the existing shareholders — a music industry who’s who that includes the likes of Beyoncé, Rihanna,...

Jay-Z's Tidal Sells $297M Majority Stake to Square to Find New Ways to Support Music Artists

Jay-Z’s music streaming giant Tidal is joining forces with Jack Dorsey’s financial services company Square in a monumental move that’s innovating the music industry for artists’ benefit. Billboard broke the news this morning after reporting that Square will be paying $297 million in a mix of cash and stock to acquire a majority stake in the company. In exchange, Jay-Z will join Square’s board of directors while Square’s hardware lead Jesse Dorogusker will serve as the interim head of Tidal once the deal is finalized. At the close of this deal, artist stakeholders who initially partnered with Jay-Z and Tidal will maintain ownership stakes in the streaming service. According to a series of tweets from Dorsey, this deal allows both parties to brainstorm new ways to support artists in a time where touring is not able to resume at regular capacity amid the pandemic. It comes down to a simple idea: finding new ways for artists to support their work. New ideas are found at the...

Mar 4, 2021

Is Jay-Z Selling Tidal to Jack Dorsey's Square?

Not many heads turned when Jack Dorsey and Jay-Z were spotted hanging out in the Hamptons this past August. However, now, there’s much talk about Dorsey’s Square, Inc. reportedly acquiring Jay-Z’s music streaming service Tidal. According to Bloomberg, negotiations are being held to push for diversity for the platform. The music mogul acquired Tidal for $56 million in early 2015, and an unidentified source believes the sale to be imminent. Currently, Tidal struggles to outpace or even keep up with other music-streaming services. Its main draw, besides Hov’s extensive catalog, is its exclusive access to runway shows, the RapRadar podcast, and other live stream series. Still, it hasn’t gained massive popularity like Spotify and Apple Music.   View this post on Instagram   A post shared by TIDAL (@tidal) Bloomberg reports that Dorsey’s intentions are to develop several stand-alone brands under the Square umbrella. As a result, if Square acquires Tidal, it will only help broaden the...

Dec 29, 2020

Twitter CEO Jack Dorsey Set to Move to Africa in 2020

Twitter and Square CEO Jack Dorsey has his sights set on Africa. The tech big name announced his plans to move to Africa in 2020 via Twitter. Sad to be leaving the continent…for now. Africa will define the future (especially the bitcoin one!). Not sure where yet, but I’ll be living here for 3-6 months mid 2020. Grateful I was able to experience a small part. 🌍 — jack (@jack) November 27, 2019 “Sad to be leaving the continent…for now. Africa will define the future (especially the bitcoin one!),” Dorsey tweeted. “Not sure where yet, but I’ll be living here for 3-6 months mid 2020.” Dorsey had been visiting Ethiopia for a business meeting with entrepreneurs and cryptocurrency professionals. His trip to Ethiopia was not Dorsey’s first trip to Africa. According to his Twitter account, Dorsey has been touring the continent making stops in Nigeria, Ghana, and South Africa, before heading to Ethiopia for bitcoin and blockchain talks. Based on Dorsey’s Twitter...

Nov 29, 2019