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If You Invested $1000 In Bitcoin When Jack Dorsey And Rapper Jay-Z Establish A Bitcoin Non-Profit, Here's How Much You'd Have Today

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If You Invested 00 In Bitcoin When Jack Dorsey And Rapper Jay-Z Establish A Bitcoin Non-Profit, Here's How Much You'd Have Today

Jack Dorsey, who co-founded social media giant Twitter, now known as X, is among the handful of tech honchos to publicly champion Bitcoin BTC/USD and its underlying technology.

However, apart from words, his actions also reflect his commitment to leading the cryptocurrency industry. 

What happened: Dorsey, who’s currently at the helm of Block, Inc., once famously said that Bitcoin had the potential to become the internet’s native currency, owing to its fundamentals. 

On Feb. 12, 2021, he, along with rap star Jay-Z, established a Bitcoin non-profit to fund the development of the apex cryptocurrency, initially targeted at Africa and India. The duo invested 500 BTC to support the fund.

During this time, one BTC was valued at $47,504, meaning that an investment of $1,000 would have fetched 0.021 units of the coin.

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At the time of writing, the value of one BTC has swelled to $63,948.02, boosting the portfolio value to $1,346, which is a significant return of nearly 35%.

See Also: Pay Taxes With Bitcoin? Ohio Senator Proposes Bill For Crypto Tax Payments, But There’s A Catch

Why It Matters: In line with the initial objective, the non-profit trust, called Btrust, continues to provide financial backing and training to Bitcoin developers in the Global South.

Earlier this month, it acquired Qala, a platform that shared its vision of advancing Bitcoin development in Africa, reported Forbes.

Bitcoin BTC/USD exceeded expectations in September, surging 7.29% in a month that has averaged negative returns of 3.77% in the cryptocurrency’s brief history.

The market’s expectations were high from the fourth quarter, which has historically witnessed strong uptrends.  

Price Action: At the time of writing, Bitcoin was exchanging hands at $63,948.02, down 1.10% in the last 24 hours, according to data from Benzinga Pro. 

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Market News and Data brought to you by Benzinga APIs

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Solana-Based Bonk, Dogwifhat Outshine Dogecoin And Shiba Inu Amid Broader Market Retrace — What You Should Know – Emeren Group (NYSE:SOL)

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Solana-Based Bonk, Dogwifhat Outshine Dogecoin And Shiba Inu Amid Broader Market Retrace — What You Should Know – Emeren Group (NYSE:SOL)

Memecoins created on the Solana SOL/USD blockchain withstood the overall market drop on Monday to post encouraging gains. 

What happened: Dog-themed Bonk emerged as the best-performing billion-dollar capitalization meme coin in the last 24 hours and the third-best cryptocurrency overall, surging over 8%. 

The token’s trading volume soared 92% to $486 million, indicating heightened demand. 

Dogwifhat, the largest memecoin on Solana by market capitalization, jumped 4.6% to extend its weekly gains past 40%. In fact, both BONK and WIF were up more than 40% over the week.

Cryptocurrency Gains +/- Price (Recorded at 11:15 p.m. EDT)
Bonk BONK/USD +8.06% $0.00002485
dogwifhat (WIF) +4.66% $2.51
Popcat (POPCAT) +1.08% $1.01

Popcat, the cryptocurrency market’s biggest gainer this year, also traded in the green. The feline-themed coin was up a massive 12317% year-to-date.

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Meanwhile, blue-chip meme currencies like Dogecoin DOGE/USD and Shiba Inu SHIB/USD retraced 3.90% and 1.68%, respectively. The total meme coin market valuation shrank nearly 5% in the last 24 hours.

See Also: Pay Taxes With Bitcoin? Ohio Senator Proposes Bill For Crypto Tax Payments, But There’s A Catch

Why It Matters: The strong performance of Solana-based meme coins coincided with the broader market decline owing to an escalation in geopolitical tensions in the Middle East.

Bitcoin BTC/USD, the market bellwether, was down 1.36% in the last 24 hours, while Ethereum ETH/USD traded flat as of this writing. SOL, Solana’s native coin, lost 1.35% from yesterday.

Image via Shutterstock

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AT&T Customer Revives Suit Over $24 Million Cryptocurrency Hack

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AT&T Customer Revives Suit Over  Million Cryptocurrency Hack

An AT&T Mobility customer’s lawsuit over $24 million in cryptocurrency losses he sustained after the company allegedly allowed hackers to gain control of his phone number—and with it his crypto accounts—was revived by a federal appeals court Monday.

Plaintiff Michael Terpin’s claims under the Federal Communications Act survived dismissal because he raised a triable issue over whether AT&T gave a hacker access to information protected by the act when it enabled the hacker to carry out a “SIM swap” involving Terpin’s phone number, the US Court of Appeals for the Ninth Circuit said.

A jury could find that that …

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The Race Is On: Cardano, Solana, And XRP Battle For The Next Spot ETF Approval – Brave New Coin

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The Race Is On: Cardano, Solana, And XRP Battle For The Next Spot ETF Approval – Brave New Coin

Cardano (ADA), Solana (SOL), and Ripple (XRP) seek ETF approval, while ETFSwap’s (ETFS) presale makes investors rich.

Following Ethereum’s bold Spot ETF move in July, altcoins like Cardano (ADA), Solana (SOL), and Ripple (XRP) are beginning to follow suit. According to experts, the race is on as these cryptos seek approval for their Spot ETFs from the SEC. Meanwhile, another ETF-related cryptocurrency, ETFSwap (ETFS), sparks debate as its presale promises 40,000% ROIs by mid-October.

ETFSwap (ETFS) Set To Transform Investors’ Portfolios With Amazing Rewards

ETFSwap (ETFS) has topped major crypto news outlets since its launch in Q1. This next-gen cryptocurrency offers an ecosystem where traditional and digital finance investors can coexist. With ETFSwap (ETFS), traders can comfortably swap tokenized ETFs for regular crypto tokens.

As Exchange-traded funds (ETFs) lead the cryptocurrency scene, it is clear that ETFSwap (ETFS) is the best investment in the market today. This is because it offers a range of tokenized ETFs like Futures and Commodity ETFs. Also, the team has announced that alongside trading external ETFs, ETFSwap (ETFS) will release its line of ETFs in due time.

ETFSwap (ETFS) is one of the most lucrative ventures in the metaverse because it is community-centered. Aiming to make trading easy for its investors, ETFSwap (ETFS) offers advanced AI trading tools. With these tools, investors can track their investments and get investment recommendations corresponding to sentimental analysis.

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Following the thorough testing and development of the Phase 1 mainnet, ETFSwap’s (ETFS) team has announced its launch. This phase of the mainnet launch will allow ETFSwap (ETFS) traders to participate in various liquidity pools and staking programs to earn an 87% APR yield. The AI tools, ETF Tracker, Screener, and Filter, will be unveiled once phase 2 of the mainnet launch kicks off.

To ensure asset safety, this cryptocurrency platform has taken high-level security measures. A smart contract audit from CyberScope and a KYC verification audit from SolidProof were executed to improve the platform’s security. This further proves the website is free from hackers, bugs, and scam attacks.

For willing investors, the ticket to generational wealth costs $0.03846 per token. Trading at this amount, the ETFS presale has raised almost $6 million. According to experts, the launch of Cardano (ADA), Solana (SOL), and Ripple (XRP) Spot ETFs and the presale of the ETFS token will yield up to 40,000% returns for investors.

News Of Cardano’s (ADA) Spot ETF Filing Yields 15% Spike in 7 Days

Cardano (ADA) is one of the few cryptos that has continued to remain above bearish signals. Cardano (ADA) surprised investors with a shocking 15% surge in one week. This upshoot follows the buzz around the Cardano (ADA) Spot ETF launch. With the performance of Bitcoin and Ethereum Spot ETFs, many altcoins have begun to follow suit. While Cardano (ADA) awaits approval from the SEC, pundits say its Spot ETFs launch will improve its price.

Solana (SOL) Enters The Greenzone Amid Spot ETF Filing 

After many months, Solana (SOL) has returned to its trading value of $150. This leaves investors excited as analysts make new forecasts for the leading cryptocurrency. They believe a $200 trading value is around the corner for Solana if the SEC approves its Spot ETFs. Solana excited its investors with a 16% upswing recently. Many are optimistic that the launch of its Spot ETFs will usher countless Solana investors into generational wealth.

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What’s In Store For Ripple (XRP) Once The SEC Gives Approval?

For months now, Ripple’s (XRP) price has suffered from the platform’s hot water with the Securities and Exchange Commission (SEC). However, things are beginning to look up for Ripple (XRP) as speculations concerning its Spot ETF launch make headlines. Some experts believe an ETF approval from the SEC could transform Ripple’s (XRP) trajectory.

Final Thoughts On The Future Of Cardano (ADA), Solana (SOL), Ripple (XRP), And ETFSwap (ETFS) Amid ETF Craze

As the race for the next Spot ETF approval begins, investors wait eagerly to see which crypto will get there first. Cardano (ADA), Solana (SOL), and Ripple (XRP) are top altcoins that are working toward their ETF releases. However, ETFSwap (ETFS) outshines them with incredible presale success. This ETF-centered cryptocurrency promises 40,000% profits by mid-October to investors who purchase its token today.

For more information about the ETFS Presale:

Visit ETFSwap Presale
Join The ETFSwap Community


This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.

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