SAN FRANCISCO (CBS SF / CNN) — Bitcoin’s big week got bigger with an announcement from rapper Jay Z and Twitter CEO Jack Dorsey that the pair are establishing a bitcoin development fund. Dorsey tweeted the news Friday, writing that they are taking applications for a “blind irrevocable trust” focused on Africa and India. He promises the fund will have “zero direction” from himself and Jay Z and that the partners are searching for three board members. Dorsey and Jay Z are investing 500 bitcoin into the project, currently worth roughly $23 million. Source: https://sanfrancisco.cbslocal.com/2021/02/12/jay-z-twitter-ceo-jack-dorsey-announce-bitcoin-development-fund/