Stories
Slash Boxes
Comments

SoylentNews is people

Wu-Tang Clan's Ghostface Launches Cryptocurrency Firm

posted by Fnord666 on Sunday October 08 2017, @12:43PM   Printer-friendly
from the making-a-killing dept.

MrPlow writes:

Submitted via IRC for AndyTheAbsurd

Wu-Tang Clan rapper Ghostface Killah has co-founded a cryptocurrency firm and hopes to raise $30 million during its initial coin offering, according to a CNBC report Wednesday.

Killah's firm, Cream Capital, apparently takes its name from Wu-Tang Clan's 1993 classic song "C.R.E.A.M." But instead of standing for "Cash rules everything around me," the acronym this time represents the trademarked Crypto Rules Everything Around Me, Cream Capital Chief Executive Brett Westbrook told CNBC.

The burgeoning market for cryptocurrencies, which has grown so quickly that one bitcoin was worth more than an ounce of gold in March, has seen digital currency entrepreneurs flocking to ICOs to create and sell digital tokens to investors, who include celebs such as Paris Hilton.

Still, regulators aren't taking to ICOs well. The practice, which Bloomberg said netted $1.6 billion in the last year, has prompted security concerns from the US Securities and Exchange Commission.

I hear the Wu-Tang clan ain't nothing to &$@^%*[NO CARRIER]

Source: https://www.cnet.com/news/wu-tang-clans-ghostface-launches-cryptocurrency-firm/

Original Submission

 
This discussion has been archived. No new comments can be posted.
Wu-Tang Clan's Ghostface Launches Cryptocurrency Firm | Log In/Create an Account | Top | 11 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 1, Funny) by Anonymous Coward on Sunday October 08 2017, @01:37PM (1 child)

    by Anonymous Coward on Sunday October 08 2017, @01:37PM (#578870)

    ... decentralized cryptos with pre-mine were still considered risky and not worth speculating in. Now we have semi-decentralized "ICOs", 100% pre-mined promises that some day it will be something with value. All the things cryptos were supposed to fix/workaround, now nicely packed in a speculation vehicle.

    Starting Score:    0  points
    Moderation   +1  
       Funny=1, Total=1
    Extra 'Funny' Modifier   0  
    Total Score:   1  

  • (Score: 0) by Anonymous Coward on Monday October 09 2017, @04:47AM

    by Anonymous Coward on Monday October 09 2017, @04:47AM (#579129)

    Agreed. I'm optimistic about and a fan of the the idea cryptocurrency, but unfortunately the success of a few have caused a lot of people to think that as long as it's a digital currency it will make you rich if you buy in.

    I don't know what this is about. I have mad respect for Wu-Tang members as artists but I'm afraid to read the details because I can't imagine it being anything but a bucket of bad ideas.