Wu-Tang Clan’s Ghostface Killah co-founded a cryptocurrency venture — now it wants to raise $30 million

  • A cryptocurrency firm co-founded by U.S. rapper Ghostface Killah hopes to raise $30 million in a digital coin sale.
  • Ghostface Killah is the latest in a long line of celebrities — from Paris Hilton to Jamie Foxx — who have put their names behind ICOs and crypto ventures.
  • “I think the interest of celebrities is a bit of a double-edged sword,” Brett Westbrook, chief executive at Cream Capital, told CNBC via email.
  • Westbrook said that celebrities should be cautious of the influence they have when promoting cryptocurrencies, and should understand the blockchains (distributed ledger technologies) that underpin them.
  • “The last thing we need is a household name promoting what turns out to be a scam ICO.”

A cryptocurrency firm co-founded by U.S. rapper Ghostface Killah hopes to raise $30 million in a digital coin sale.
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Tackling Financial Exclusion With Biometric Technology

  • The underdeveloped world is home to over two billion unbanked people, many of which lack basic formal identification and cannot acquire finance through legitimate, ethical methods.
  • But perhaps we’ve been looking in the wrong direction all along; perhaps it’s the tech sector that has the answer… With the right platform, biometric identification has the potential to fill the missing voids and establish a role as a formidable force within the financial services industry.
  • However, in today’s digital age, with smart phones dominating the telecoms sector – and affordable for citizens of developing countries – biometric identification technology has found its way into the hands of everyday people.
  • New tech startup, Humaniq, which is powered by blockchain technology, is hoping to solve this problem by providing an easy-to-use interface that can be understood by anyone, regardless of language or educational background.
  • If just a fraction of the market could be replaced with peer-to-peer transactions and cryptocurrencies there could be huge potential benefits: smart power grids, devices connected to the Internet of Things that automatically pay off bills, no more human error, and most importantly, new opportunities for the developing world.

The underdeveloped world is home to over two billion unbanked people, many of which lack basic formal identification and cannot acquire finance through l…
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