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Following an announcement that he’d be launching his own cryptocurrency, social media users are accusing rapper Gunna of being involved in a crypto scam , according to new reports from XXL. “Ay @pushinpeth making a crypto metaverse for us,” wrote the Atlanta rapper on Twitter. “@shanemooncharts backing the project, I know this is gonna fly. IM TAKING THIS TO THE MOON JOIN THE TELEGRAM HERE.” It’s alleged that Gunna is involved in what is referred to as a “rug pull.” This is a financial term that coins what happens when an asset’s initial price (in this case, a cryptocurrency) is driven up prior to going live, and then the investments are quickly pulled out. From there, the price of the crypto heads toward zero which in turn makes the asset worthless. Self-proclaimed “on-chain sleuth” and Twitter user @zachxbt shed light on the incident Wednesday (February 3). “Nice scam @1GunnaGunna didn’t even last 8 hrs,” read the user’s tweet. The message also included a screenshot of PushinP...
If you’ve grown up in the digital age , you likely have some understanding of how unreliable information spreads across the net. Millennials far and wide have been inundated with enough YouTube troll comments, Nigerian prince emails and “free iPhone” pop-ups to build a healthy skepticism of internet browsing. Now, it seems that this learning curve has become a perennial part of growing up, as Gen Z and Gen Alpha are surmising that social media apps like TikTok are rife with terrible financial advice. New studies from researchers at Intuit Credit Karma estimate that over 77 percent of Gen Z kids are looking to influencers on the short-form video app for money management, while roughly 61 percent of millennials are doing the same on YouTube and Facebook . In order to understand just how damaging these financial words of wisdom can be to a growing audience of youngsters, lets take a moment to briefly run through the data, and see exactly where young people are being led astray. After...
Elon Musk wants rappers to take his advice on cryptocurrency. In a social media post shared by French Montana, the Tesla capo shared his thoughts about rappers investing in the crypto market — and he cautioned them against doing so. “I definitely wouldn’t bet the farm on crypto,” he said in the video, while seemingly wearing a crypto T-shirt. Rick Ross can also be seen, briefly, in the video, which you can check out below. Elon Musk at Kanye’s event pic.twitter.com/Dx1kDwRiib — DatPiff (@DatPiff) February 23, 2022 According to Indy100, Elon Musk was at a star-studded event in Miami which was hosted by Kanye West. The Hip-Hop producer-turned-billionaire mogul held a listening party for his new album, “Donda 2.” As AfroTech previously reported, rappers are quickly getting involved in the crypto game. As was reported yesterday, Drake recently gifted Kodak Black more than $300,000 in Bitcoin — and this came after the “Controlla” rapper’s Super Bowl wins with the popular crypto coin. As...