{"id":52093,"date":"2023-06-14T19:04:18","date_gmt":"2023-06-14T23:04:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=52093"},"modified":"2023-06-14T20:08:40","modified_gmt":"2023-06-15T00:08:40","slug":"jack-dorsey-makes-new-pledge-to-support-bitcoin-developers","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/jack-dorsey-makes-new-pledge-to-support-bitcoin-developers\/","title":{"rendered":"Jack Dorsey Makes New Pledge to Support Bitcoin Developers"},"content":{"rendered":"\n

Twitter founder Jack Dorsey has strengthened his support to the Bitcoin ecosystem<\/a> with a new financing pledge to Brink.<\/p>\n\n\n\n

\"Jack
Jack Dorsey Makes New Pledge to Support Bitcoin Developers<\/figcaption><\/figure>\n\n\n\n

Twitter founder Jack Dorsey <\/a>has pledged additional funding to Brink, a Web3.0 center that supports network engineers, as part of his ongoing commitment to the Bitcoin ecosystem. Dorsey pledged a total amount of $5 million, and it will be distributed in five equal installments of $1 million each.<\/p>\n\n\n\n

\n

Honored to receive a very generous $5,000,000 pledge to our developer funding efforts from @jack\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> and #startsmall<\/use><\/svg><\/span><\/a>

Brink will receive $1,000,000 per year for the next 5 years.

Thank you for supporting #bitcoin<\/use><\/svg><\/span><\/a> developers!<\/p>— Brink (@bitcoinbrink) June 14, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

Dorsey, well-known in the IT industry, is the founder and CEO of Block Inc.<\/use><\/svg><\/span><\/a>, a payments firm that powers CashApp and facilitates Bitcoin trading. <\/p>\n\n\n\n

He has been investing millions of dollars over the past three years to promote the use and adoption of Bitcoin. This made him one of the prominent Bitcoin maximalists.<\/p>\n\n\n\n

In a CNBC interview from 2021, Dorsey expressed his dedication to Bitcoin, stating that there was nothing more important for him to work on in his lifetime. <\/p>\n\n\n\n

His involvement with Bitcoin and the cryptocurrency ecosystem<\/a> has a significant impact on the stock price of Block Inc. This is notable even though the company has a diverse business focus as a payment provider.<\/p>\n\n\n\n

Block Inc.'s stock experienced a downgrade by Mizuho analyst Dan Dolev in December of the previous year, reflecting the volatility of the market and its impact on related stores. <\/p>\n\n\n\n

Other companies in the crypto industry, such as Microstrategy Inc. and Coinbase Global Inc., also face similar challenges due to their connection to Bitcoin<\/p>\n","protected":false},"excerpt":{"rendered":"

Twitter founder Jack Dorsey has strengthened his support to the Bitcoin ecosystem with a new financing pledge to Brink. Twitter founder Jack Dorsey has pledged additional funding to Brink, a Web3.0 center that supports network engineers, as part of his ongoing commitment to the Bitcoin ecosystem. Dorsey pledged a total amount of $5 million, and […]<\/p>\n","protected":false},"author":43,"featured_media":52095,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[152,481],"class_list":["post-52093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-jack-dorsey"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/croc_1686782561351.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/52093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=52093"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/52093\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/52095"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=52093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=52093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=52093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}