What you need to know: Jay-Z and Jack started a 500 bitcoin endowment

Just last week, Jay-Z partnered with Twitter founder Jack Dorsey to put 500 bitcoin (currently worth $23.6 million) into an endowment initially aimed at supporting those in Africa and India. Jack tweeted last Friday that they started the trust endowment and are seeking board members to oversee the “blind irrevocable trust” that takes “zero direction” from either party.