Category: Cryptocurrency News

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American Rapper Lil Baby On Holding Bitcoin And Ethereum Over Fiat

For years now, some investors have preferred to hold their wealth in cryptocurrencies like bitcoin and ethereum as opposed to cash. As cryptocurrencies become more popular, this school of thought has become more widely shared to the point where even billionaires and celebrities have publicly come out to say that they would rather hold their wealth in digital assets rather than fiat. One of the latest celebrities to profess their support for bitcoin and ethereum is American rapper, Lil Baby. The rapper who rose to prominence in the last couple of years has said that he would rather hold his wealth in cryptocurrencies such as bitcoin and ethereum as opposed to holding cash. Lil Baby Wants His Money In Bitcoin And Ethereum American rapper Lil Baby was shopping on Icebox when he was asked about where he puts his money. The rapper is known to be a regular at the luxury jeweler with a running internet joke that people will “run into Lil Baby” when they visit the jeweler. Related Reading | What’s In Store For MicroStrategy Going Forward? CEO Michael Saylor Reveals While shopping, the rapper expressed his displeasure with cash. When asked what he would prefer to cash, Lil Baby explained that he would rather have all of his money in bitcoin and ethereum, the top 2 cryptocurrencies currently in the space. Pointing to the bag of cash he brought with him to purchase jewelry, he said that was the last bit of cash he had. The rapper is known to drop thousands of dollars at a time for some ‘iced out’ jewelry, which has grown to be somewhat of a status symbol among famous people. BTC trading at $41K | Source: BTCUSD on TradingView.com Lil Baby also expressed his interest in the metaverse. He told the attendant that he didn’t live in the real world, living instead in the metaverse. As for cash, he said that he wasn’t carrying any more cash, stating “I ain’t walking around with cash no more.” Celebrities Dive Into Cryptocurrencies Lil Baby is not the first to show support for cryptocurrencies such as bitcoin and ethereum. Some might even say he’s a little late to the game. 50 Cent made headlines in the 2017/2018 bull market when he revealed that he had found 700 bitcoins generated from album sales which were then worth millions. Related Reading | Altcoins Are Encroaching On Bitcoin’s Dominance On Digital Payments Rapper Busta Rhymes showed interest in the market last year during the peak of the Dogecoin hype. After what seemed to be a rollercoaster of a learning curve, he had finally settled on investing in bitcoin, later revealing his intention to charge bitcoin for future deals. Hip Hop star Megan Thee Stallion teamed up in August with Cash App to educate fans on cryptocurrencies. The partnership involved video tailored towards her fanbase, as well as a $1 million in bitcoin giveaway on the app. Featured image from XXL Mag, chart from TradingView.com

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Early birds: U.S. legislators invested in crypto and their digital asset politics

United States lawmakers remain underinvested in crypto, but this is likely to change in 2022.

Tonga receives hundreds of bitcoin donations after volcano devastation

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Blossom Capital’s Newly Launched $432 Million Fund to Focus on Crypto Startups

Blossom Capital, the London-based venture capital firm founded by Candice Lo, Imran Ghory, Mike Hudack, and Ophelia Brown plans to dedicate more funds to the growing cryptocurrency ecosystem. On January 18, Blossom announced a new fund worth $432 million, and a third of the capital will be distributed to early-stage crypto firms. A Third of […]

Best ethereum youtuber?

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$10,210,188,549 lost in crypto and DeFi in 2021…wow

The highlights: Global crypto market value in 2021 was approximately $3 trillion $10B+ lost Immunefi has protected $20B from hacks and paid out more than $10M to white hats. See the full report and breakdown of the top hacks and exploits in 2021 in the link below: Immunefi Crypto Losses Report 2021 submitted by…
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El Salvador’s Bitcoin wallet onboards 4M users with Netki partnership

Chivo, El Salvador’s official Bitcoin wallet, has managed to onboard 70% of the unbanked population in El Salvador, partner says.