Jack Dorsey, Twitter's Founder Picks three Nigerians as Head of his Bitcoin Fund out of 7,000 Applicants
- In February, Jack Dorsey announced a Bitcoin Trust (BTrust) fund in collaboration with rapper Jay-Z worth over N10bn for development in Africa and India
- He had called for application into the board of the fund and received over 7,000 application but the three Nigerian youths stood out and a South African
- The youth will now be involved in deciding who among the applicants from Nigeria and India deserves to benefit
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Jack Dorsey, the founder of Twitter, has appointed three Nigerians and one South African to the board of his Bitcoin Trust (BTrust) fund, which will be used to fund development in Africa and India.
In February, Dorsey announced a BTrust in collaboration with rapper Jay-Z.
BTrust is a fund with 500 BTC capital base worth N10,014,265,775.40 ($24,426,230), when pegged to late Monday’s market price $48,815.35, and will be managed by four Africans, without oversight from Dorsey or Jay Z.
Source: Facebook
In a statement shared on Twitter on Wednesday, Dec. 15, Dorsey revealed the identities of the BTrust board, three of whom are Nigerians; Abubakar Nur Khalil, Obi Nwosu, Ojoma Ochai, and South African, Carla Kirk-Cohen.
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Source: Twitter
Who are BTrust board members?
Obi Nwosu is the Co-founder of Coinfloor, a serd-level cryptocurrency startup, which has raised $300,000 in funding round.
Ojoma Ochai is the Managing Partner at CcHUBCreative (Co-Creation Hub), a technology innovation workspace, accelerating startup growth in Nigeria and selected part in Africa – CcHUB has raised $5.5 million to aid its operation.
Abubakar Nur Khalil is a bitcoin core contributor, and had received $50,000 in BTC for his work on Bitcoin wallet software from Human Rights Foundation (HRF) in May 2021.
Khalil is also the CTO of Recursive Capital, an earlyon-stage crypto VC fund, supporting founders building critical web 3.0 infrastructure.
Investors are in tears as over N3 trillion worth of bitcoin is wiped out
Investors of bitcoin saw over N1 trillion wiped off their investment as the cryptocurrency crashed within the last 24hours
At its lowest on Saturday, one unit of Bitcoin sank below the $42,000 mark, losing as much as 22%, as per a Reuters report
The fall comes as amid Christmas risk-off taking cue from the global stock markets, which remained volatile for the same reason
Source: Legit.ng
