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Crypto News Roundup: Jack Dorsey Announces Bitcoin Legal Defense Fund, US Banks Offer USDF Stablecoin and More

Block CEO Jack Dorsey is proposing the Bitcoin Legal Defense Fund to defend developers from lawsuits about their activities in the Bitcoin ecosystem. A group of U.S. banks to offer its own stablecoin "USDF" in a move to tackle concerns regarding reserves behind nonbank-issued equivalents. Investors are suing Kim Kardashian and Floyd Mayweather over an alleged EthereumMax scam. CoinDesk's Galen Moore weighs in on the top crypto headlines.

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Dorsey Proposes Non-Profit Bitcoin Legal Defense Fund for Developers

Block founder and CEO Jack Dorsey proposed creating a legal defense fund for Bitcoin developers as the community faces “multi-front litigation” and “threats” that have forced some without legal support to “capitulate.” “The Hash” panel discusses what this means for the bitcoin community following Dorsey’s continued BTC advocacy.

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Jack Dorsey Goes on Unfollowing Frenzy After Web 3 Beef

Since Jack Dorsey's controversial tweet on Dec. 20, declaring venture capitals (VC), not users, control Web 3, Dorsey has gone on to unfollow some of the biggest players in crypto, including Andressen Horowitz (a16z) co-founder Marc Andreessen and Coinbase CEO Brian Armstrong. Andreessen later blocked Dorsey. "The Hash" panel breaks down the latest feud between bitcoin maximalists and Web 3 advocates. 

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Victory Capital Exec. on Web 3 Decentralization: ‘It’s Not All or Nothing’

Mannik Dhillon, president of Victory Capital, shares his take on Square CEO Jack Dorsey’s statements about venture capital’s control over Web 3 initiatives and the reality of bitcoin maximalism. Plus, Dhillon’s analysis on the current BTC market and price predictions for 2022. 

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Jack Dorsey Backs Bitcoin as Dollar’s Replacement but Questions Web 3

Responding to Cardi B on whether crypto would replace the U.S. dollar, Twitter co-founder Jack Dorsey replied, “Yes, Bitcoin will.” Separately, Dorsey also voiced concerns about the lack of ownership in Web 3. “The Hash” panel breaks down Dorsey’s statements, questioning his bitcoin maximalism and the role of venture capitalism in the wider development of a decentralized internet ecosystem.

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Jack Dorsey's Puppet Promotes Spiral's Lightning Development Kit

Jack Dorsey and the team at Spiral, formerly known as Square Crypto, have released a mini-documentary featuring a puppet Dorsey to explain their Lightning Development Kit (LDK). "The Hash" hosts discuss the latest project turning heads in the crypto community as part of Dorsey's ongoing bitcoin advocacy.

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Could Jack Dorsey Be Taking Square Deep Down the Bitcoin Rabbit Hole?

Following the announcement payments giant Square will be changing its corporate name to Block, CoinDesk's David Z. Morris shares insights into his article examining Jack Dorsey's bitcoin trajectory. Could Jack Dorsey be moving to transform Square into a crypto and blockchain firm?

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