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The duo is putting 500 bitcoin, which is currently worth $23.6m, in the endowment called ₿trust. The fund will be set up as a blind irrevocable trust, Dorsey said, adding that the duo won’t be giving any direction to the team.
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“Even though India is the software development capital of the world, we haven’t contributed to bitcoin core development in any significant way,” explained Varun Deshpande, co-founder of OnJuno, which is building a digital banking platform from India for Asian Americans, to TechCrunch.
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