Black communities must be cautious of cryptocurrency hype

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“The long run is crunk!” declares a digital re-creation of a younger LeBron James within the ubiquitous TV industrial selling

That’s, hype.

Wild. Thrilling.

Cryptocurrency is scorching, particularly for African People. I’m nonetheless making an attempt to determine it out.

The net Oxford Dictionary defines “cryptocurrency” as “a digital forex during which encryption methods are used to manage the era of models of forex and confirm the switch of funds, working independently of a central financial institution.”

Everybody has heard of essentially the most broadly used model, Bitcoin.

LeBron James, the Los Angeles Lakers icon, has connected with to show kids about crypto blockchain expertise, in accordance with a January report by CBS Information. will work with James’ basis to supply academic and workforce growth alternatives in rising applied sciences, together with in underserved neighborhoods, the report acknowledged.

Others leaping into crypto embrace the producer Jay-Z, rappers Ice Dice and Snoop Dogg, famed filmmaker Spike Lee, boxing legend Floyd Mayweather Jr. and so forth.


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