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FinTech news in brooklyn category

Jack Dorsey and Jay Z back The Bitcoin Academy

Twitter co-founder and Block CEO Jack Dorsey is teaming up with artist Jay-Z (Shawn Carter) to launch The Bitcoin Academy at Marcy Houses, the public housing complex in Brooklyn, New York where Jay-Z grew up.

FinTech Entropy raised seed round of $25M led by Andreessen Horowitz

Pacific also attributes Entropy’s edge to their own willingness to deviate from the traditional business model for custodians, wherein users pay them a fee to safekeep funds, and to work towards finding a model that can generate revenue not just for the custodian but also for the protocol itself, as well as crypto users.