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Trump Bitcoin Sneakers Sell Out Immediately

August 1, 2024 by newhiphopnews

Former U.S. presidential candidate Donald Trump has shown his support for Bitcoin in a new and unexpected way. Speaking to over 3,000 attendees at the Bitcoin Conference on Saturday, Trump made his stance on the cryptocurrency crystal clear. Now, he’s taking things a step further by launching a line of Bitcoin-themed sneakers. Trump Sneakers, a brand under the Trump-owned website, recently listed a limited edition range of high-top sneakers priced at $499 per pair on pre-order. The bright orange version, limited to just 1,000 pairs, sold out quickly.

The high-tops, which sold out by Thursday morning, are already being flipped on eBay for prices as high as $2,500. Owned by CIC Ventures LLC, a company fully owned by Trump as disclosed in his 2023 financial report, the Trump Sneakers website states that these products are independent of Trump’s political campaign. The Bitcoin-themed sneakers were added to the site shortly after Trump’s speech at the Nashville conference. He pledged to make significant changes to the SEC and establish a strategic Bitcoin reserve if elected.

“Bitcoin Orange” Trump Crypto President High Tops

The Trump Bitcoin Sneakers come in two distinct styles: the high-top and the low-top. Both feature the same bold, bright orange and sleek black colorways. Further, the orange pairs are designed to grab attention, symbolizing the vibrant and forward-thinking nature of the cryptocurrency world. The black pairs offer a more subdued, classic look, making them versatile for everyday wear. Both colorways proudly display the Bitcoin symbol, merging fashion with crypto culture in a unique way. These sneakers are not just a nod to the future of finance, but also a statement piece for those who are passionate about Bitcoin and support Trump’s vision.

Unfortunately for those hoping to cop a pair, the Trump Bitcoin sneakers are already sold out. The retail price for the shoes was $499. Further, make sure to let us know what you think about these kicks in the comments below. Additionally, stay tuned to HNHH for the most recent updates and news from the sneaker community. We’ll make sure to offer you the newest products from the most notable brands.

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Rich The Kid Reveals He Is Starting A New Cryptocurrency

May 27, 2024 by newhiphopnews

Rich The Kid is an artist who is going through a bit of a renaissance right now. Overall, this is mostly due to his inclusion on the Kanye West track “Carnival.” It has subsequently led to renewed interest in his music. In fact, RTK came through with a couple of new songs last Friday, which certainly helped get fans reinvested in the Rich The Kid ethos. An album should be coming soon, and fans are definitely excited. Although as it turns out, he also has some unique new projects on the horizon.

We know this because earlier today, Rich took to his Twitter account to speak on a recent situation that happened on his Twitter account. As he notes, someone hacked him and promoted a cryptocurrency scheme. The scammer drained the funs and scammed fans out of a whole bunch of money. However, to make up for this, Rich The Kid claims that he has a token that will be coming out soon. In fact, he claims that the token will “go the moon,” which is crypto slang for make a lot of money.

Rich The Kid Coin

There is no timetable for the crypto’s release. Moreover, it is unknown what the logo will be or what the ticker symbol will be. 2024 has seen a crypto renaissance of sorts, which makes sense given the halving took place a few months ago. With that being said, you can expect more artists to get into the crypto game over the coming months.

Let us know what you think of this move from Rich The Kid, in the comments section down below. Do you believe that it makes sense for artists to turn themselves into cryptocurrency? Do you see any sort of use case for something like this? Additionally, stay tuned to HNHH for the latest news and updates from around the music world. We will continue to keep you informed on all of your favorite artists and other upcoming projects.

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What is Causing the Current Bitcoin Surge?

February 29, 2024 by newhiphopnews

In case you have missed it, Bitcoin is going crazy. Last month, Bitcoin passed up the $45,000 mark. Now, it is headed past $60K, following a 20% jump in just five days.

According to CNN Business, the bitcoin surge is a product of billions pouring into the cryptocurrency after the US Securities and Exchange Commission approved bitcoin exchange-traded funds in January.

Adding to the rise is “halving,” which is a feature of bitcoin that reduces the rate of new coins in circulation every year, making the price go higher.

Conversely, investors are optimistic that halving won’t lead to a positive period and are looking to cash out on the surge. The surge has led to an impact on Coinbase.

“Some users may see a zero balance across their Coinbase accounts & may experience errors in buying or selling,” Coinbase Support wrote on Wednesday. “Our team is investigating this & will provide an update shortly. Your assets are safe.”

You can find out more here.

The post What is Causing the Current Bitcoin Surge? first appeared on The Source.

The post What is Causing the Current Bitcoin Surge? appeared first on The Source.

N.O.R.E.’s Bitcoin “Ain’t Worth S**t” Now, He Shares

October 9, 2023 by newhiphopnews

“Yo my bitcoin or whatever it’s called ain’t worth s**t!!!” N.O.R.E. ranted in a tweet on Monday (October 9). With that, he seemed to admit that he got caught up in the crypto craze in the 2020s decade, and like so many other, took some losses when the market plummeted. Of course, it’s not dead and buried by any means, but it’s fair to say that these “Web3” practices, currencies, and online investments like NFTs don’t have the same hype around them that they used to. In fact, the Drink Champs host is far from the only hip-hop figure to feel the sting of this, as the rap world went wild with them a while back.

Still, it’s at least good to know that Noreaga has some other endeavors to make his money through, and to nurture and grow with his own vision. Drink Champs became a very successful series, and one that resulted in a lot of important news and entertaining commentary. While this choice is eventually up to him, it would be great to see him tap back into this space as an MC once again. That’s up in the air, but hopefully N.O.R.E. didn’t tie that possibility to his cryptocurrency prospects.

N.O.R.E. Reveals His Cryptocurrency Is Worthless

Yo my bitcoin or whatever it’s called ain’t worth shit!!!

— N.O.R.E (@noreaga) October 9, 2023

However, this career is something that he clearly looks back on fondly. Recently, to celebrate the 25th anniversary of his self-titled debut album, the 46-year-old held a dinner party with his loved ones. “I got to celebrate 25 years of my first album !!!” N.O.R.E. captioned his commemorative post. “I cried in the bathroom didn’t want anyone to see !!! I’m so thankful and greatful and humble !!! If u a cnn fan, a Nore fan or drinkchamps fan I LOVE U AND THANK U!!!”

Meanwhile, it’s clear that even if he would have to pay to keep his worthless cryptocurrency, that’s not stopping the Queens native. There will likely be much more greatness to come, whether in tangible terms or with Internet content. On that note, let’s just hope that his next financial investment won’t bite him in the buttocks. For more news and updates on N.O.R.E., check back in with HNHH.

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Swedish Gang Members Are Apparently Using Spotify Streams To Launder Money, Somehow

September 6, 2023 by newhiphopnews

Getty Image

A newspaper in Sweden titled Svenska Dagbladet has recently claimed that gang members are using Spotify as a tool to launder money. The paper had sources of four Swedish gang members and an anonymous police offer.

The laundering is apparently done by converting money into Bitcoin through Facebook, using the cryptocurrency to purchase fake streams for artists tied to the gangs, and then cash out the money made from said streams.

“Spotify has become an ATM for them,” the cop said (via Music Business Worldwide.) “There is a direct connection to the gangs and therefore also to the deadly violence.”

“If you’re a network and you want to attract kids and you have a rapper who’s going big, that’s half the job for you,” he added. “It is very good for recruiting purposes.”

In a recent study from France’s Centre National de Musique, they noted that only 3% of streams across platforms are fake — with MBW noting that this accounts for the ones they actually find. And, considering how little the streaming services pay artists for single streams, it seems difficult to be able to get a large return.

The paper also reached out to Spotify for the chance to comment on the matter. While they declined an interview, a spokesperson did offer a statement.

“We have no evidence that money laundering occurred via Spotify,” they said. “Less than one percent of all streams on Spotify have been determined to be tampered with.”

Kodak Black Says He Got $600K In Bitcoin From Drake, Salutes 1090 Jake At RL Miami

July 22, 2023 by newhiphopnews

Kodak Black is having one wild weekend, as he just performed as one of the biggest artists at Rolling Loud Miami on Friday (July 21). While his set was quite bizarre, what with him rambling on and refusing to leave the stage until the last second, it was nonetheless very entertaining and held many of his big hits. In fact, he even took the time to debut his verse on his new collaboration with 6ix9ine and his girlfriend Yailin la Mas Viral, “Shaka Laka.” Of course, a lot of people aren’t happy with this collab since the rainbow-haired rapper is shunned as a snitch in the hip-hop community, but Kodak doesn’t care. Interestingly enough, Yak also took the time to salute another figure in the rap world that faces similar accusations- and exposes people for it, too.

“That’s why I salute 1090 Jake, for putting all these f**k n***as out there,” Kodak Black said onstage. “I got s**t to do, I got people to take care of, you heard me?” For those unaware, 1090 Jake often makes headlines by posting alleged paperwork of rappers online, which always causes a lot of debate. One recent hip-hop affiliate who faced this was Quality Control CEO Pierre “P” Thomas.

Kodak Black Shows Love To 1090 Jake Onstage

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A post shared by No Jumper (@nojumper)

However, that wasn’t all the Rolling Loud-related Kodak Black content that graced this week. Another was an interview that MONTREALITY did with him at Rolling Loud Portugal, an animated conversation that held a behind-the-scenes look at his industry relationships. At one point, the Florida MC shouted out a certain Canadian superstar for his generosity and support. “That boy Aubrey!” he exclaimed. “That’s my dog. Drake sent me like 600 bands in Bitcoin. Drake dropped that s**t on me. He said I’m his favorite rapper. I love that n**a.”

Yak Shouts Out Drake

Meanwhile, Kodak may have just done a 6ix9ine collab, but he has bigger dreams to pursue. Recently, he expressed his belief that he and Katy Perry, who are on the same label, could cook up some real heat together. Hopefully that wild crossover arrives one day, and if not, a Drake feature will certainly do the trick. Regardless, check back in with HNHH for the latest news and updates on Kodak Black, Drake, and 1090 Jake.

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Money Man Drops Gems On New “Red Eye” Mixtape

March 17, 2023 by newhiphopnews

Money Man stands as one of the most underrated rappers in the game and it’s evident on Red Eye. Not just because of his output and consistency but his business acumen that’s turned him into one of the most successful independent rap artists. From signing with Cash Money to later buying himself out of his own contract, he developed a cult-like following of fans who look to him for inspiration, motivation, and gems on getting rich (i.e. $1M Bitcoin advance).

Over the past few years, fans have grown accustomed to receiving numerous projects from Money Man. During the pandemic, he came through with back-to-back releases. He dropped Epidemic, followed it up with an extended version then blessed fans with State Of Emergency. Even though each of the titles reflected the COVID state everyone was stuck in, Money Man brought motivational music to help people get through it. Last year, he blessed fans with two of his best project to date: Big Money and Blackout, as well as its extended version.

Money Man Taps Babyface Ray, Peezy For “Red Eye”

Though he kept lowkey since the top of 2023, Money Man came through with a statement with his latest project, Red Eye. The rapper’s new project consists of fourteen songs in total with a select few features, largely from Detroit counterparts. Babyface Ray helps kick the project off on Money Man’s “Drums,” which led to the album’s release. Then, Peezy comes through with an impressive verse for “Latest Gen.” Additionally, Juney Knotzz appears on “Atmosphere.”

The production of the project also helps showcase Money Man’s versatility. Though his muddy trap efforts helped build his empire, his latest project finds him exploring different genres. Perhaps, that’s as evident as the collaborations on the project. Blameswagg holds down the majority of the production on Red Eye. However, Money Man also connects with CorMill, Alawais, ProdTao, Flexotb, Oj beatz, Cubeatz, and more to flesh out his latest project. Check out Money Man’s new album, Red Eye above. Is Money Man the most consistent rapper in the South right now? Let us know in the comment section below.