RATE Group | Twitter CEO Invests In Cryptocurrency Startup
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Twitter CEO Invests In Cryptocurrency Startup

31 Oct Twitter CEO Invests In Cryptocurrency Startup

Posted at 17:14h in Cryptocurrency News by

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Twitter, Inc. (NYSE: TWTR) CEO Jack Dorsey has invested in startup CoinList, the Wall Street Journal reported Wednesday. 

What Happened

CoinList, founded in October 2017, helps digital asset startups raise money through token sales — a controversial method of fundraising that is largely unregulated.

The company intends to launch a cryptocurrency exchange with the $10 million it has raised in an initial round of investments from Polychain Capital, Dorsey and others. 

The exact amount Dorsey invested, out of these $10 million, hasn’t been disclosed.

“Crypto needs a trustworthy platform for launching new projects,” Dorsey said in a statement. “CoinList leads the industry in that role, and trading is a logical next step.”

Bitcoin Proponent

Dorsey has backed cryptocurrencies before. 

In March 2018, he expressed his belief that Bitcoin will become the world’s sole currency in less than 10 years.

Payments company Square Inc (NYSE: SQ) where Dorsey serves as the CEO, launched a…

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