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Jay-Z And Jack Dorsey's Btrust Acquires African Bitcoin Firm Qala

It looks like Jack Dorsey and Jay-Z are keeping their word on the endowment fund Btrust’s mission.

Ngozi Nwanji

Sep 5, 2023

Learn The Fundamentals Of Blockchain, Bitcoin, And Crypto

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...

Josh Rodgers

Apr 19, 2023

NFT Strategist And Saint Rock Media Founder Kalah Haley Believes 'Cryptocurrency Is Not Going Anywhere'

As the buzz around cryptocurrency continues, one leader in the industry has opened up about why she believes it is here to stay.

Shanique Yates

Feb 7, 2023

Author And CEO Justin Rhedrick Went From Behind Bars To Teaching About Bitcoin At Jay-Z's Academy

BitcoinVegan CEO and “From Bars to Bitcoin” author Justin Rhedrick is a supporter of Bitcoin, but his journey had various obstacles before the digital currency.

Samantha Dorisca

Dec 15, 2022

Afropolitan Is Building The First-Ever Internet Country To Create Opportunities For The African Diaspora

Many believe Black communities will find freedom in a digital world. Community-as-a-service company Afropolitan is creating its own to support the masses in building abundant lives.

Samantha Dorisca

Jul 22, 2022

Jay-Z And Jack Dorsey Join To Fund 'The Bitcoin Academy' To Provide Financial Education For Marcy Houses Residents

Jay-Z wants to teach cryptocurrency to the community where he grew up. The mogul has joined Twitter founder Jack Dorsey for The Bitcoin Academy — a financial literacy program for residents of the Marcy Houses in Brooklyn, New York — Complex reports.  

Ngozi Nwanji

Jun 9, 2022

Lil Durk Gives Away Over $7,220 In Bitcoin With New Album Drop

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

Samantha Dorisca

Mar 11, 2022

10 Black Celebrities Who Are Getting Paid In Bitcoin

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 Is Ready To Be Paid In Bitcoin — 'If I Get $300K For A Show, Send Me, Like, $100K In 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...

Money Man, The First Artist To Receive An Album Advance In Bitcoin, Gives Meek Mill Advice

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...

Drake Tells Kodak Black To 'Set Up A Bitcoin Wallet' Then Sends Over $300K In The Digital Currency

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...

Did Odell Beckham Jr. Lose A Large Portion Of His Rams Salary Thanks To Bitcoin?

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...

UFC Fighter Francis Ngannou Joins The 'Paid In Bitcoin' Revolution

Francis Ngannou wants to pay you in Bitcoin. The UFC heavyweight men’s champion announced that he’s teaming up with CashApp to give away $300,000 in Bitcoin to his lucky fans and followers. “I believe bitcoin can empower people everywhere. So I’m excited to partner w/@CashApp to take half my #UFC270 purse in bitcoin. I want to make bitcoin more accessible to my fans, so I’m giving out $300K in bitcoin! Follow @CashApp + drop your $cashtag w/ #PaidInBitcoin,” he wrote in the tweet, which you can see below. I believe bitcoin can empower people everywhere. So I’m excited to partner w/ @CashApp to take half my #UFC270 purse in bitcoin. I want to make bitcoin more accessible to my fans, so I’m giving out $300K in bitcoin! Follow @CashApp + drop your $cashtag w/ #PaidInBitcoin pic.twitter.com/8JEvJ1UYu1 — Francis Ngannou (@francis_ngannou) January 18, 2022 Francis Ngannou is the first UFC fighter to team up with the popular payment app for a Bitcoin giveaway. But, as AfroTech previously...

Golden State Warriors' Klay Thompson, Andre Iguodala To Take Part Of Their Salaries In Bitcoin

Klay Thompson and Andre Iguodala just became the latest professional athletes to get paid in Bitcoin, joining others like Odell Beckham Jr. I’m BACK and changing it up: excited to take part of my paycheck in bitcoin thanks to Cash App! I’m with bitcoin because I believe it’s the future of money 🌚 Plus I’m giving out $1M in btc with @andre right NOW. Just follow @CashApp + drop your $cashtag below w/ #PaidInBitcoin pic.twitter.com/bUYC6SxkMj — klay thompson (@KlayThompson) January 10, 2022 “I’m BACK and changing it up: excited to take part of my paycheck in bitcoin thanks to Cash App! I’m with bitcoin because I believe it’s the future of money,” Klay Thompson wrote on Twitter. “Plus I’m giving out $1M in btc with @andre right NOW. Just follow @CashApp + drop your $cashtag below w/ #PaidInBitcoin.” His teammate Andre Iguodala echoes the same sentiment as Klay Thompson and adds that he, too, will receive a portion of his salary in Bitcoin. And, what’s more, is that the move marks a...

Samantha Dorisca

Jan 11, 2022

Here's How Crypto Scammers Managed To Steal Over $14B In 2021

Crypto scammers certainly made 2021 their year. According to a new report from CNBC, the trifling thieves took a gobsmacking $14 billion (with a B!) from their unsuspecting victims last year. That’s a 79 percent jump from the amount of money they stole in 2020 — the year the pandemic began. Analysts for CNBC blame the rise of DeFi — decentralized finance — platforms for this record-breaking uptick in theft from crypto scammers. In a nutshell: more platforms equals more opportunities for wannabe scammers to rip you off. The outlet also referred to Chainanalysis’s annual CryptoCrime report (yes, this is a thing) to analyze the trends in thievery. “DeFi is one of the most exciting areas of the wider cryptocurrency ecosystem, presenting huge opportunities to entrepreneurs and cryptocurrency users alike,” Chainalysis wrote in its annual Crypto Crime report. “But DeFi is unlikely to realize its full potential if the same decentralization that makes it so dynamic also allows for widespread...