Twitter CEO Jack Dorsey took his love of cryptocurrency to the next level this week, showing off a watch that shows the prices of cryptocurrencies.
Dorsey was at the helm of the House Energy and Commerce Committee on Thursday, one of several prominent technology figures talking about social media misinformation, especially regarding the Capitol attack.
But it appeared remotely, the way most congressional audiences are held during the pandemic.
So people watching the stream could see empty glass bottles behind Dorsey’s head, as well as stacks of plates and bowls and something that looked like a clock beside her.
During his appearance Thursday in the House Energy and Commerce Committee, Jack Dorsey’s BlockClock Mini (circled) was shown in full screen for cryptocurrency lovers.
Pictured: The BlockClock Mini sells on the Coinkite website for $ 399
According to Gizmodo, the device said “1952” at one point, which could be interpreted as military time (although it would not have been accurate depending on the time of the hearing).
But then the numbers went to “676274,” which isn’t a moment.
The device is a BlockClock Mini, which Coinkite sells online for $ 399.
The 30x10cm device can “track exchange prices, view blogs as published by miners, and connect Opendime to display balance, fiat value, and deposit QR codes,” according to its description.
Some people on Dorsey’s social media platform couldn’t help but laugh at the strange background element.
“It’s the F number you gave today,” one user said.
“Forget the clock … look at the head of the cult leader of the type,” said another, pointing to Dorsey’s discouraged appearance.
The device, which almost looks like a final judgment clock, fits the broader narrative of Dorsey’s obsession with cryptocurrency.
The CEO’s Twitter biography is short and concise, just read “#bitcoin” with the symbol at the end.
Earlier this week, Dorsey sold her first tweet, “just setting up my twttr,” as NFT for just over $ 2.9 million.
The non-consumable witness (NFT), a unique digital asset that has become popular in 2021, was bought on Monday by Sina Estavi, the CEO of Malaysia Bridge-based blockchain company.
The sale came two weeks after Dorsey included the March 21, 2006 tweet on a platform called Valuables, which auctions auctions as NFT.
He said in a tweet on March 9 that he would convert the auction proceeds into bitcoin and give them to people affected by COVID-19 in Africa, quickly securing bids of at least $ 88,888.
On Monday, Dorsey announced that it had donated more than $ 2.787 billion of Bitcoin to the Africa Fund of Give Directly.
In January, Christie’s became the first major auction house to release a piece of digital art with a testimonial.
Beeple’s “Everydays – The First 5000 Days” was sold for $ 69 million.
Dorsey is also partnering with rapper Jay-Z on a new Bitcoin fund, with plans to move the cryptocurrency to India and Africa.
‘JAY-Z / @ S_C_ and I donate 500 BTC to a new endowment called ₿trust to fund the development of #Bitcoin, initially focused on teams from Africa and India. It will be constituted as a blind and irrevocable trust, which will have no direction. We need 3 board members to get started, ”Dorsey tweeted on Feb. 12.
A week later, he revealed that more than 6,600 people applied for seats on the board and that interviews would begin soon.
The 500 Bitcoin they donated to the fund were worth approximately $ 24 million at the time.
According to Variety, Dorsey’s other company, Square, which recently bought a majority stake in Jay-Z’s TIDAL, has been able to support Bitcoin for more than three years.
Dorsey’s Twitter profile prominently shows her love for all things Bitcoin
Dorsey included her famous first post (pictured) on March 21, 2006 on a platform called Valuables, which auctions auctions as NFT.
On Monday, Dorsey announced that it had donated more than $ 2.787 billion to Bitcoin to give the fund Africa Directly
Twitter is also exploring the possibility of paying employees who use Bitcoin.
It is possible that Dorsey and Jay-Z will face an upward battle to help usher in a new era of cryptocurrency in India.
Reuters reports that India plans to propose a law banning cryptocurrency and fining digital traders and currency holders.
The law would make possession, issuance, mining, trade and transfer of assets a crime in the country.
Cryptocurrency holders would have up to six months to liquidate their assets before fines begin.
Mining and trading in cryptocurrencies are also illegal in China, although possession of cryptocurrencies is not.
Dorsey has been looking to incorporate more cryptocurrency into its business, including the ability to pay Twitter employees for Bitcoin