Hip-Hip mogul Sean Carter, or as he is better known Jay Z, and Twitter Inc CEO Jack Dorsey have set up an endowment fund for crypto-entrepreneurs in Africa and India, they announced on Friday. Together they have provided 500 BTCs, or a little over Rs 172 crore, which will be used to fund Bitcoin development in the two regions. [embed]https://twitter.com/jack/status/1360114881978982403[/embed] The duo are also looking for three board members to join the ₿trust, which aims to make "bitcoin the internet's currency" Dorsey and Jay Z are the latest in a long line of celebrities and entrepreneurs backing crypto-currency development and trading in recent weeks. In fact, Dorsey, who heads Twitter and fintech company Sqaure added "#bitcoin" to his Twitter description. This week Dorsey made a $1 million cash donation to Coin Center, a non-profit crypto-currency think tank, CNBC reported. According Bitrates, notable celebrities and entrepreneurs who have invested in crypto-currencies or crypto-firms include Richard Branson, Serena Williams, R&B star Akon, boxer Mike Tyson, actor Jamie Foxx and hip-hop moguls Kanye West and Snoop Dogg. Earlier this week, Tesla Inc. purchased around $1.5 billion worth of Bitcoins this week and will start accepting the crypto-currency as a payments instrument. With Tesla’s latest investment, listed corporates, private companies and exchange-traded funds now own over $60.7 billion worth of Bitcoins as of date, according to Bitcoin Treasuries. Fate of India's crypto-industry uncertain Meanwhile, two weeks ago, the Indian government announced that it would introduce The Cryptocurrency and Regulation of Official Digital Currency Bill,…
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