Showing 92 results for:
cryptocurrency
Popular topics
All results
A cryptocurrency token tied to Ripple Labs is on the rise. What’s more, if you were compelled to invest in XRP following a private Consensus conference after-party hosted by Ripple Labs and featuring Snoop Dogg in May 2018, you’re likely on cloud nine. ICYMI: Snooperang @SnoopDogg #XRPCommunity pic.twitter.com/RWjBsKUVhI — Ripple (@Ripple) May 16, 2018 According to Forbes, the token has been fairing well, particularly after Donald Trump was elected as the 47th president of the United States. It also highlights optimism stemming from Gary Gensler’s planned departure as chair of the U.S. Securities and Exchange Commission in 2025, with anticipation for him to be replaced by a U.S. President-Elect Donald Trump appointee. The SEC sued Ripple in 2020, alleging that the company failed to register its XRP token as a security before selling it, reports Business Times. Benzinga states that XRP had seen a rise of 87% between Nov. 27 and Dec. 3, 2024. In a 24-hour period ending Dec. 3, it...
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...
A class action lawsuit continues to loom over Shaquille O’Neal. As AFROTECH™ previously reported, he was named in a class-action lawsuit filed against the Astrals Project, which he created alongside Music Manager Brian Bayati, who serves as the CEO, and his son Myles O’Neal, who is the head of investor relations. They launched to the public the “Shaq Signature Pass,” a non-fungible token (NFT) series that was labeled as the “first consumable NFT of its kind, and the signing technology is one that we think will have wide-ranging applications.” Coindesk mentions Astrals consisted of 10,000 NFT 3D avatars and a decentralized autonomous organization (DAO) for “incubating innovative projects” with the Galaxy token serving as the governance token. In a class action filed in Florida federal court in 2023, it stated the project was in violation of securities law as the company sold unregistered Astrals tokens, according to The Hollywood Reporter. Investor Daniel Harper, who allegedly lost...
Amid the 2024 presidential race, Donald Trump is singing a different tune regarding a certain technology. On July 27, 2024, the former president stated during the Bitcoin Conference hosted in Nashville, TN, that he is set on transforming the U.S. into a “Bitcoin superpower,” The New York Times reports. “I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world,” Trump said, per the outlet. He continued, “…America will once again be a nation that protects property rights, privacy, freedom of transaction, freedom of association, and freedom of speech.” At the conference, Trump also claimed that President Joe Biden and Vice President Kamala Harris are part of “an anti-crypto crusade.” Moreover, he promised the conference’s attendees that he would end the “persecution” of cryptocurrencies. “Sadly, we see the attacks on crypto,” he said. “It’s a part of a much larger pattern that’s being carried out by the...
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...
If you accidentally transferred millions to your account, what would you do with the money? One woman wasted no time after receiving millions of dollars from Crypto.com. Now, she is the center of a very serious lawsuit, Complex reports. The money was received when the company attempted to process a refund in May 2021.
Over the past few years, Snoop Dogg has proven to have an affinity for more than just rap music and cannabis. He is a man of business and a significant player in the digital space. With web3 content and collections of non-fungible tokens (NFTs), Snoop demonstrates that he believes the future of work and business is in the metaverse. However, the future of digital assets has recently come into question. Despite the challenges many financial experts have identified, Snoop is not concerned.
Fresh off her match at the French Open, Coco Gauff is giving her fans more to look forward to with the launch of her new non-fungible token (NFT) collection with Autograph. As AfroTech previously told you, the Tom Brady-backed platform connects brands and high-profile individuals in sports, entertainment, and culture. The platform has already welcomed Naomi Osaka, Simone Biles, and Usain Bolt and now, Gauff is taking a seat at the table.
When it comes to finding innovative ways to connect with fans, The Weeknd continues to be on top of it. According to a press release, the musician has teamed up with Binance — a cryptocurrency exchange company — for “the first global concert tour to integrate Web 3.0 technology for an enhanced fan experience.”
