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Not everyone is an investor. But thanks to platforms like Public and Robinhood , you do not have to have a degree in economics or work at Goldman Sachs to get in on the stock market action. Once reserved for only the most savvy of analysts and the wealthiest of investors, the playing field is far more level — at least in terms of accessibility. However, having access to opportunities and knowing what to do with them are two very different stories. In particular, there is something known as the Fear and Greed Index (developed by CNN) and it directly impacts how successful one can trade traditional stocks or even crypto currencies like Bitcoin. So, if traders are ready to dabble those toes into the stock market, crypto, or both, keep on reading to learn about this critical tool. What Is The Fear And Greed Index? Whether a person is trading crypto or traditional common stocks , the Fear and Greed Index is a trading tool that helps decide when to jump into a commodity, when to hold it...
Tyler Perry is known for bringing comedic relief to characters and situations that can be tough to navigate. This process is meant to make things that are hard to deal with more palatable. His character Madea is often the center of the comedy in Perry’s work. Ironically, one of Madea’s many funny but memorable moments is centered around death. In one of Perry’s productions, the outspoken grandmother was confronted with the end of a loved one and boldly stated a phrase that had people in stitches but also had them a little confused. “People dying that ain’t never died before.” And while that statement doesn’t make much sense in a structured way, the theory behind it alludes to the unpredictable nature of death. Although death is nothing new, the news of it still comes as a surprise. And when it happens back to back under unexpected circumstances like those of several leaders in the cryptocurrency industry, it makes you consider the validity of Madea’s statement. However, this is no...
Being in an industry where the short end of the stick is often given, artists need ways where they’re able to thrive without their counterparts, which is the void Alexander Yoseph came to help fill with his app. Inflow — a music platform described as “the first Black-owned cryptocurrency app for musicians” — wants to help its users not only launch their own cryptocurrency but also have “ new methods for independently monetizing.” “What artists like about Inflow is that you are not monetizing your music, you are monetizing access to you,” Yoseph told AfroTech. “So, if an artist is in a 360 deal and they can’t release exclusive music on inflow they can just monetize vlogs, live streams, meetups, etc., as rewards for their token holders. We also are the only app that rewards fans so it’s a win-win scenario.” After creating his idea, the founder’s app caught the attention of leading Ethereum software platform Consensys and open-source research and development laboratory Protocol Labs....
Black people have a long and complicated history with wealth. From free labor imposed by the shackles of slavery to the systemic challenges that still create hindrances to wealth accumulation, the complexity of money has become a pervasive norm for those in BIPOC communities. While there are countless examples of individuals who break down the barriers to accumulating wealth, there is still a hesitancy and trust with how Black people, particularly, deal with and invest their coin. Antiquated saving and investing methods, like a traditional corporate-sponsored 401k plan, still work. However, with the entry of digital currency and the technology of non-fungible tokens (NFTs), the options for investment are becoming more broad and accessible.
As the monetization of products, services, and untraditional items increases, so does the rise and popularity of non-fungible tokens (NFTs). Many people are going full force with developing NFTs for art, music, and even tweets . Whatever the subject of the NFT, it does not appear that the phenomenon is going to stop any time soon. While some financial experts are still on the fence about the long-term sustainability of NFTs, the continuing financial implications seem stable for the future. As the second quarter of 2022 carries on, the hype and fluidity of NFTs are strong as ever. Tap into these NFT collections and projects we’ve had our eyes on.
Talk about a way to watch the plot thicken in a business relationship gone awry. As previously reported by AfroTech, the ex-business partner of Akon claims that the singer still owes him four million dollars. In a new allegation, he now says that the Senegal native’s plans to build his own city could be a Ponzi scheme. AfroTech also shared the news of Akon’s plans to begin building a futuristic city in Africa. Per reports from Complex, Devyne Stephens has now asked a judge to freeze Akon’s New York assets in an effort to get his money more quickly. Those reports also reveal that the court documents say Akon is “flagrantly breaching two separate contractual promises.”
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...
Lil Baby is joining the chorus of celebrities, athletes, and other high-end power players who prefer getting paid in cryptocurrency over cash. A recent Instagram video revealed the rapper talking about the value of the Web3 Metaverse, and on the video, he also spoke about wanting to get paid in cryptocurrency. “Metaverse,” he said in the recording. “I stay in the Metaverse from now on. I don’t even want no more cash.” You can check out the video below. View this post on Instagram A post shared by NFT (@nft) Lil Baby joins the likes of rapper Meek Mill in the chorus of those who want to get paid in cryptocurrency. As AfroTech previously reported, more music distributors are offering artists payment in cryptocurrency, and Meek Mill wants to join in after claims of poor business dealings with his label, Atlantic Records, through Maybach Music Group. Meek Mill aims to follow in the footsteps of Atlanta rapper Money Man, who announced he’d be receiving his album advance — $1,002,912...
Nas was in a Twitter Space earlier today talking about the importance of his partnership with Royal, and he explained how this partnership wasn’t about the money for him. Instead, it was about empowering people to make financial decisions best suited for them. Join the party and tune into @Twitter Spaces live today at 2PM ET / 11AM PT 🌐🔐 THE DROPS ⬇️ 💎 Ultra Black: 1PM ET / 10AM PT 💎 Rare: 9PM ET / 6PM PT pic.twitter.com/4TezZdC6RF — MASS APPEAL (@MassAppeal) January 11, 2022 “Fractional ownership probably means a lot more to a lot of other artists than it does for me, but this isn’t really for the money for me,” Nas said on Twitter Spaces. “This is just a way to see how doing something like this can build and expand with the core base that I got and encourage artists.” For Royal CEO, co-founder, and renowned electronic artist Justin “3LAU” Blau, the partnership with Nas also meant democratizing the opportunity for NFT ownership, which can prove cost-prohibitive for the average...
Cryptocurrency is still on the rise, especially the most notable of them all: Bitcoin. AfroTech previously reported on the basics of digital currency and debunked some myths about the growing market, and we’ll even explore this topic further at AfroTech 2021. View this post on Instagram A post shared by AfroTech (@afro.tech) Cryptocurrency expert Isaiah Jackson, author of “Bitcoin & Black America” and co-host of “The Gentlemen of Crypto,” is a huge advocate for bitcoin education, especially in the Black community. With nearly 19,000 subscribers, his YouTube show is a daily live stream that discusses Bitcoin and the cryptocurrency market from the lens of two Black men who are Certified Bitcoin Professionals. One of “The Gentlemen of Crypto’s” core values is bridging cryptocurrency and the community, its website reads. “We cannot miss, in my opinion, the biggest financial revolution of our lifetime,” Jackson told AT about Black people getting educated on bitcoin. “And we can’t be left...
TRiBL is a social networking platform on a mission to unite the diaspora. Beginning at the end of this month, TRiBL will rebrand its mobile application to include Pan-African commerce providing greater opportunities to circulate wealth within the Black community. With partnerships from Visa and cryptocurrency firms Circle Internet Financial & Paxos Brokerage, the company will soft launch digital wallets for users to access within the application to monetize approved group chats. Cryptocurrencies will provide Black creators and influencers an opportunity to gain income from fiat rates and greater visibility for fundraising opportunities.
Jay-Z’s Roc Nation is making more money moves and this time it’s in the virtual reality space. According to a press release, the entertainment company recently purchased tokens from Sensorium Corporation’s in-platform currency SENSO of Sensorium Galaxy — described as a digital metaverse that’s fusing together blockchain cryptocurrency tech with virtual reality (VR). Roc Nation’s purchase announcement suggests that the company is making active decisions to move it toward the digital future. Company CEO Desiree Perez confirmed this claim with a statement that reads, “Sensorium Galaxy is well-positioned to take the entertainment industry to the next level. Their digital metaverse has a strong focus on quality, which is exactly what we want for our extensive artist base.” Sensorium Galaxy was developed in partnership with several chart-topping artists and globally-recognized nightlife mogul Yann Pissenem in an effort to help music artists benefit more from global content distribution, a...