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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/

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  • (Score: 3, Funny) by looorg on Sunday October 08 2017, @02:24PM (2 children)

    by looorg (578) on Sunday October 08 2017, @02:24PM (#578883)

    "By 2020, we intend to capture more than half of the global cryptocurrency ATM market and make cryptocurrencies more accessible to the general public than ever before," Cream Capital said in a press release.

    Oh so in about 2.5 years you are going to own half the market, a market that doesn't really seem to exist at the moment. Sure. OK. Sounds legit. Still open tho is the question of what I can buy for these creamcoins? Is it just for buying Wu Tang music or is it going to be mostly for drugs and stuff like the other CCs? But then considering how he looks like some 60's pimp I'm left to wonder if his coins are meant to be used to pay for hoes and their services.

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  • (Score: 0) by Anonymous Coward on Sunday October 08 2017, @03:37PM

    by Anonymous Coward on Sunday October 08 2017, @03:37PM (#578894)

    Other coins are trying the same... for already a longer time than their expected 3 years. Yeah, good luck with that.

  • (Score: 4, Funny) by Gaaark on Sunday October 08 2017, @03:43PM

    by Gaaark (41) on Sunday October 08 2017, @03:43PM (#578895) Journal

    You use Wu Tang coins for buying Poontang.

    (You will also get crypto-crabs: while supplies last!)

    --
    --- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---