Twitter CEO Jack Dorsey backs cryptocurrency startup after turning down Facebook’s Libra

Twitter and Square CEO Jack Dorsey, who recently said his company would never get involved with Facebook‘s Libra, has backed a cryptocurrency startup. Dorsey, a longtime Bitcoin advocate, participated in CoinList’s $10 million funding round, alongside several other investors. CoinList, which helps startups raise money through token sales, will use the cash to build CoinList Trade, a new exchange platform, and a cryptocurrency wallet, the Wall Street Journal reports. This is the first time Dorsey invests in CoinList, which closed a Series B in 2018 from backers including Digital Currency Group and Polychain Capital. Several months ago, Dorsey said he…

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