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Bitcoin has surged to its highest level since April, reaching $73,544. Forbes reported that the Nov. 5 presidential election is among several market factors affecting the $1.4 trillion cryptocurrency, contributing to the 6% increase recorded around 3 p.m. EDT (7 p.m. GMT) on Tuesday, Oct. 29. The rise puts Bitcoin’s October gains at 13%, outpacing the S&P 500, which advanced 1% this month. Several other major cryptocurrencies and shares of companies involved in Bitcoin mining — the energy-intensive process of unlocking bitcoins from the digital blockchain — also saw significant gains Tuesday. Ethereum jumped 4% to reach a 10-day high of $2,637, while Binance Coin increased 2% to an eight-day high of $608. Solana climbed 2%, reaching a three-month high of $182. Prominent investors, including hedge fund billionaire Paul Tudor Jones, are promoting Bitcoin as protection against inflation, particularly as government policies from presidential candidates Kamala Harris and Donald Trump are...
50 Cent claims his social accounts fell victim to a cryptocurrency scheme. Fox News reports the rapper’s X account had been hacked to promote a cryptocurrency token called $GUNIT. The token’s name suggests his former Hip-Hop group G-Unit. On Friday, June 21, 2024, the scammer allegedly wrote on 50 Cent’s account, “$GUNIT for winners only…” Complex reports 50 Cent’s Instagram account included screenshots of the $GUNIT crypto, which showed under $1 million in market value, and that number quickly increased. The message gained popularity, accumulating 57,000 likes on June 22 and drawing hundreds of users to the comments section, with some even making purchases. Despite this, 50 Cent stated he was not associated with the venture, and his accounts were later locked, Fox News notes. 50 Cent claims the hacker made $3 million within 30 minutes from the scam. It’s not possible to verify 50 Cent’s assertions, nor is there a way to confirm if the hacker earned the alleged $3 million. “My...
Canza Finance’s co-founders are leaning into Web3 to financially empower the African continent. Pascal Ntsama IV and Oyedeji Oluwoye are looking to create “the world’s largest non-institutional-based financial system” through the creation of Canza Finance, the company website mentions. They both share distinct journeys on how they arrived to the company’s inception. For Chief Technology Officer Oluwoye — born in Nigeria, Africa, and raised in Sydney, Australia, before moving to the United States at 14 — he began taking various CompTIA Certifications, early-career data analytics certification, during his senior year of high school. After graduation, he headed to the Alabama Agricultural and Mechanical University to obtain a Bachelor of Science degree in computer science. While in college, he was able to secure a position with Adtran, a networking and telecommunications company based in the U.S., as a co-op engineer. He then transitioned to work at AT&T as a senior specialist-network...
Getting to the money is an idea that most people can get behind. From becoming a social media influencer to navigating a traditional job or even jumping into entrepreneurship, people are looking for ways to secure the bag and maximize wealth. One of the ways people are expanding their worth is through investments and alternative forms of traditional currency like cryptocurrency. And although cryptocurrency has become more and more popular, the reality of it still makes people scratch their heads a little bit. While crypto has been around since 2009, it has evolved. The digital currency market is expansive, and conversations around its use and inclusion in everyday life have become increasingly routine. And with such evolution comes questions about its usage and what it means for the future. Even the IRS requires users to claim crypto on their taxes, but it’s categorized as property. With so many uses, how can a person determine the best use of the currency? It is at this...
Another day, another rap artist taps into Bitcoin. On March 11, rap artist Lil Durk dropped his “7220” album which featured 17 tracks and features from heavy hitters including Gunna, Future, and Summer Walker. To coincide with the drop, Durk announced on Twitter he was giving away $7,220 in bitcoin. “7220 the album at midnight. Drop your #cashapp and #lildurk and imma give away $7,220 in #Bitcoin,” Durk wrote on the app. 7220 the album at midnight. Drop your #cashapp and #lildurk and imma give away $7,220 in #Bitcoin 🥶💰 — THE VOICE (@lildurk) March 10, 2022
There was a time when getting paid in Bitcoin was a revolutionary concept. Today, however, more and more people — and places — are accepting both Bitcoin and other forms of cryptocurrency, leading experts to believe that this once-innovative (and controversial) method of payment would become just as common as the USD, the EUR, and the GBP. CNBC reports that the first-ever Bitcoin was mined on January 3, 2009. And though the outlet reports that the market is extremely volatile — and the cryptocurrency is subject to bans from China, periodically — even the wealthiest of the wealthy want to be paid in Bitcoin. In 2021, Morgan Stanley made the coveted crypto-coin available to its wealthy investors for the first time in history. Naturally, this also means celebrities, themselves, want to be paid in Bitcoin. Whether they’re in hip-hop, pop, or playing on the basketball court, celebrities love them some cryptocurrency — and who can blame them? Even in the most volatile of markets, Bitcoin...
Kodak Black may be joining the “Paid in Bitcoin” revolution. In a recent interview with the Full Send Podcast, the rapper explained the difference between his fees when he goes on tour with individual shows, vs. when he goes on tour with festivals. Regardless of which type of show he does, however, he wants to get crypto payments from now on. “I swear that’s what I was saying, bro,” said Kodak Black, when asked by the hosts whether he’d want to be paid in Bitcoin. “That’s what I was telling fam and them to tell the people, like, ‘Ok, if I get $300K for a show, send me, like, $100K in Bitcoin.’ I’ma start doing that now.” View this post on Instagram A post shared by Full Send Podcast (@fullsendpodcast) Fans of the show will recall that the Full Send Podcast has been doing a lot of cryptocurrency conversation lately. This is the same podcast where it was revealed that Lil Uzi Vert used Ethereum crypto to pay for his girlfriend, JT of the City Girls’ birthday gift (a McLaren). “He just...
On Nov. 11, 2021, Meek Mill took to his Instagram story to manifest that he would follow in fellow rapper Money Man’s footsteps — and he sparked a larger conversation. “Ima get my next record deal paid in bitcoin [ sic ] behind @moneyman,” he previously wrote in his story, per Vibe. Then in February 2022, Meek once again took to social media to ask for advice about crypto investing — and the “Dreams and Nightmares” rapper got some sage advice from Money Man himself, who tempered the excitement of the buy with the reality of the risk. View this post on Instagram A post shared by 2Cool2Blog (@2cool2bl0g) “You were suppose to stabilize your crypto a month or 2 ago before the 50 percent dip and buy back in close to the bottom,” wrote Money Man on Twitter. “Always take profits in crypto on some of these coins because trust me the big dawgs are taking there’s. Being greedy and thinking everything will moon. Can get you REKT.” Indeed, Money Man’s sage advice belies the volatile nature of...
We need more people like Drake in our lives. HipHopDX reports that the rapper recently sent Kodak Black more than $300,000 in Bitcoin, the popular cryptocurrency. Kodak Black dropped the dime on the rapper during an appearance on The Breakfast Club. “Drake and I do a lot behind the scenes talking and s—t,” he said. “I ain’t tell nobody this, but the other week that n—a sent me a quarter-million dollars, for no reason. Me and my brother Lance, we in the car and this n—a text me like, ‘You got Bitcoin?’ I was like, ‘Nah.’ He was like, ‘Set up a Bitcoin wallet.’ So I’m putting two and two together, that’s four! S—t, and then over time, those coins got up to like 40 bands a coin. So then that s—t came in and it’s really like $300,000 in my Bitcoin wallet right now.” You can check out the full Breakfast Club interview with Kodak Black below. Kodak Black’s math aside, the news about Drake’s generous gift comes amidst rumors that the two are forming a collaboration or a partnership...
Odell Beckham Jr. might have lost his money in Bitcoin. According to a new report from Total Sports, the Rams player may currently be feeling the burn from the current Bitcoin crash. “On November 12, Odell Beckham Jr. signed a deal with the Rams worth $750,000. He announced he would take that in Bitcoin,” reports the outlet. “At the time, Bitcoin was worth $64,293. Today, it is worth $35,400. Today, that deal is worth $412,953. Odell will be taxed on $750,000. Federal & CA state tax will be 50.3% That means Odell, as of now, has netted $35,703 from the Rams contract this year.” Back in August of 2021, AfroTech reported that Odell Beckham Jr. entered t he cryptocurrency world after purchasing a CryptoPunk 3365. Then, in November 2021, we also reported that he would be taking his NFL salary in Bitcoin. Odell made the deal in partnership with CashApp. And he’s far from the only professional athlete to take a salary in Bitcoin. As AfroTech also previously reported, Russell Okung made...