From Snoop Dogg to Eminem, we take a look at the musicians who have spent the most money acquiring NFTs, according to a new study. A recent study from CoinGecko utilized transaction data from OpenSea, SuperRare, and Etherscan to find the most expensive…
Category archives: Crypto Currency and Blockchain
Ripple Exec Working on Platform to Sell Music Where Artists Keep ‘100% of Revenue’
Ripple Director of Product, Craig DeWitt, is working on a new music-selling platform called xSongs. The platform allows artists to sell their music using the XRP cryptocurrency. DeWitt is ‘personally funding’ the project and says he’s…
Spotify CEO Daniel Ek Says Artists May Get Paid Better Using Facebook’s Cryptocurrency, the Libra
Several days ago, and confirming a previously leaked report, Facebook unveiled its new cryptocurrency project – the Libra – which Spotify readily supported. The social media company also introduced the Calibra, its new global subsidiary. The subsidiar…
Spotify Officially Signs On to Support Facebook’s New Cryptocurrency — the Libra
According to a leaked report from the Wall Street Journal last week, Spotify had signed on to support Facebook’s cryptocurrency project. Over two dozen other companies were rumored to be supporting the cryptocurrency, dubbed the ‘Libra.’ Each company …
Spotify Reportedly Signs On to Support Facebook’s New Cryptocurrency, the Libra
Spotify has reportedly jumped on the lengthy backers’ list for Facebook’s new project. For more than a year, Facebook has quietly worked on a new cryptocurrency dubbed the Libra. Now, the company has prepared to formally unveil the project this week. …
The Bitfury Group Unveils Music Industry Open-Source Blockchain Platform
Will The Bitfury Group’s blockchain ‘solution’ succeed where many other companies have yet to do so? Global Bitcoin mining giant The Bitfury Group has broken into the music industry. Earlier today, the company confirmed the launch of Bitfury Surround, …
SEC Fines DJ Khaled for Promoting Fraudulent ICO
How much did it cost Floyd Mayweather and DJ Khaled to promote Centra Tech’s ICO? Over $750,000. You’ve likely heard of the ‘endless benefits’ of cryptocurrency. Blockchain technology could allow for an unprecedented level of transparency. On streami…
Investors Claim T.I. Scammed Them Out of Millions With a Worthless Cyptocurrency
T.I.-backed FLiK had an admirable mission. Only problem: it’s now worthless, and investors want their millions back. We’ve documented a few rapper-backed cypto-collapses over the past year, including Ghostface Killah’s now-worthless CREAM currency. 5…
Audius, the ‘Blockchain-based SoundCloud Alternative,’ Raises $5.5 Million
Audius is a new blockchain-based music platform that wants to revolutionize the way artists get paid by cutting out the middlemen. Audius’ CEO, Ranidu Lankage, has set his sights on services like SoundCloud, with a direct payment twist powered by…
Ghostface Killah’s ‘CREAM’ Cryptocurrency Has Plunged 96.3% Since January
Back in January, a cryptocurrency company called Cream Capital hoped to raise $30 million through an initial coin offering (ICO). The company was named after the Wu-Tang Clan’s 1993 song, ‘C.R.E.A.M.’, which stands for ‘Cash Rul…