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Crypto

The cryptocurrency market has drastically fallen over the years, with the market decreasing in value by more than $1 trillion. The recent downfalls have shaken the entire cryptocurrency market and resulted in many Black investors experiencing severe losses. One of the most popular cryptocurrencies, Bitcoin, fell below $20,000 for the first time in 2020 and has been steadily declining by more than 70%. Over the past seven months, its value has shrunk more than ever, consequently impacting millions of investors in the cryptocurrency market. According to the Financial Times, 25%

U.S. Immigration and Customs Enforcement (ICE) can now track and identify cryptocurrency users using a new software program, Coinbase Tracker.  The software, offered on a subscription basis, allows the government and private sectors to trace incoming and outgoing funds made through various digital currencies, including Bitcoin, Ether, and Tether. Last year, Intercept revealed that Coinbase had sold its analytics software license to ICE for $29,000. The analytics program, which provides ICE with crypto users’ “historical geo-tracking data,” is one of several small contracts between Coinbase and the U.S. government. In April 2021,

Cryptocurrency platform Binance has joined forces with TikTok star Khaby Lame for the launch of their new NFT series. The influencer, who will join the team as a brand ambassador, will use his signature moves to debunk myths surrounding crypto and the blockchain space.  The partnership will see Lame create content that helps clear up any misconceptions people may have around Web3 and cryptocurrencies. As a result, fans will not only be able to purchase exclusive Khaby Lame NFT collections, but they will also have access to educational resources to

Media company, HARTBEAT, founded by comedian and actor Kevin Hart, has announced the launch of their new TV special, “Confessions from the Hart.” The series, which will be the first Web3 experience produced by the media company, is set to premiere on July 6, exclusively on Roku.  The program will be released in partnership with the Web3 platform, Moonwalk. The special will kick off the first of many more episodes throughout the year, honoring the company’s mission to globalize its content and reach a wider audience.  “My favorite thing to do

After shooting his music video “House I Built in the metaverse, Snoop Dogg has decided to explore a series of new ventures.  According to a tweet by trademark attorney Michael Kondoudis, Snoop Dogg, real name Calvin Broadus, applied for new trademarks for his new digital cannabis project.   The musician filed a claim under the brand names “UNCLE SNOOP” and “UNCLE SNOOP’s.” The virtual business will provide various products, including virtual clothing, headwear, footwear, energy drinks, and pre-rolled hemp cigarettes. Users can also purchase virtual cannabis and downloadable cannabis products authenticated

As cryptocurrency adoption gains steam on the African continent, it will be important for potential investors—and ultimately, regulators—to learn from the scams that have come before. Some high-profile examples of these scams include; back in 2019, Uganda’s Dunamiscoin Resources closed suddenly with $2.7 million in investor money. Dunamiscoin Resources had taken money from more than 4,000 people, promising them returns of 30% returns in 21 days by investing it in bitcoin. The returns never came. Kenya Another is Velox 10 Global, a pyramid scheme with roots in Brazil, in which Kenyans lost

Jack Dorsey, the former CEO and co-founder of Twitter Inc and the founder of Block Inc, has teamed up with rapper Jay-Z to launch and self-fund The Bitcoin Academy. The 12-week program will take place in Brooklyn for Marcy House residents with the aim to provide the community with all the necessary tools to gain financial independence, inclusion, and literacy in the childhood place of Jay-Z.  It will consist of a series of online and in-person classes focusing on Bitcoin, and the classes will take place twice per week. Notably, the participants of The

Binance, the world’s largest cryptocurrency exchange, this week announced the news that it is linking up with the Canadian performer, The Weeknd, for his After Hours Til Dawn Tour to provide “an enhanced fan experience.” The so-called ‘experience will reportedly manifest in a number of ways, including via a collaboration with The Weeknd’s creative incubator HXOUSE to produce an exclusive NFT collection and co-branded branded merch. “Binance is all about the community, about people, about inclusion. I was impressed by their focus on users and innovative edge,” said The Weeknd. “It made perfect

Web3 platform, HEIR, co-founded by Michael Jordan and his son Jeffrey Jordan, is set to introduce its first athlete membership NFTs. On the Magic Eden NFT marketplace, NBA player Lonzo Ball will be featured in an NFT collection dubbed “Zo.” HEIR launched its first NFTs in March — a collection called “6 Rings” that paid homage to MJ’s six titles. They sold out the initial 5,005 allotments for 2.3 SOL each, worth roughly $221. How does it work? Rather than simply acquiring digital collectibles of their favorite athletes, HEIR enables fans to gain membership to

At VeeCon 2022 — the first-ever NFT-ticketed conference — music mogul Pharrell Williams shared with attendees his belief that Web3 could hold the power to create real global change. During an onstage interview with entrepreneur and event creator Gary Vaynerchuk, he said: “You come here talking to the people about the blockchain and Web3. What you should know is, this is a moment in time where everything is changing right now. “You all are looking at these old systems—you know that they’re antiquated, you know that they don’t work. And you

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