• Parler expects the completion of the deal with the American rapper before the end of this year.
• The right-leaning social network rose to prominence after launching Donald Trump’s NFTs.

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On Monday, Parlement Technologies, the parent company to Parler (a social media platform popular among US conservatives), announced that it had reached an in-principle agreement with top American rapper Kanye west for him to purchase the social networking site. The statement added that the deal with the rapper should be completed before the end of this year.

Like Gettr, Truth Social, and Gab, Parler is a social media platform that positions itself as a free speech alternative to Twitter. In an interview with Reuters after the recent Paris fashion week, Parlement Technologies CEO, George Farmer, said the discussion regarding the takeover with Kanye (also known by his stage name, Ye) was brief.

As a fashion designer, in addition to being a rapper, Kanye wore a t-shirt on October 3 during the Paris fashion event with the inscription “white lives matter.” Four days after, some Jewish groups called his Instagram posts anti-semitic. Hence, the meta platform (owners of Instagram and Facebook) denied the rapper access to his Instagram account because of those posts.

Since he could no longer post on Instagram, Kanye started posting on Instagram. However, the bird platform also locked him out of his account even though that was his first post there in two years. The Parlement CEO said the deal to purchase Parler came together quickly because Kanye saw the opportunity in the deal after he could no longer post on Instagram.

The Kanye-Parler Match

Parler became famous for launching an NFT marketplace featuring an NFT collection of former us president Donald Trump. Also, Kanye is no stranger to cryptocurrencies. While appearing on a popular TV show, The Joe Ragan Experience, in October 2020, Kanye was full of praise for the technology.

He commented that “the bitcoin people have a true understanding of freedom for America and humanity.” A few days ago, Kanye wore a “Satoshi Nakamoto” face cap following reports that JPMorgan (his bank account) restricted him from access to his bank account. Despite the sale, Parlement Technologies would still provide continued technical support for Kanye’s new social networking site.

Parler CEO Farmer said the platform has over 16 million registered users. However, a research analytics firm, AppTopia, estimates that Parler has 40,000 daily active users with about 12 million installs. In a statement shared by Parler, Kanye said people must have the right to express themselves freely, especially in a world where many consider conservative opinions controversial.

Google and Apple Inc. removed the Parler app from their app stores after January 6, 2021, US Capitol riots. Amazon Web Services also removed the Parler app over violent content and the app owners’ lack of policing questionable content.

However, Apple returned the app to its app store on May 17, 2021, while Google did likewise early last month. Within the same month, Parler revealed a raise of $16 million from Series B funding.

Cardano founder Charles Hoskinson stated that American banks have helped to market crypto better than the industry players, according to an Oct. 17 tweet.

People keep asking why isn’t the cryptocurrency space doing a better job at marketing, the answer is that every bank in America does a pretty good job of doing it for us pic.twitter.com/OANsCCDPMw

— Charles Hoskinson (@IOHK_Charles) October 17, 2022

Hoskinson made the statement in reaction to a picture of Kanye West wearing a cap with a Satoshi Nakamoto inscription after he was de-banked by JPMorgan.

JPMorgan cut ties with Kanye West

Media reports revealed that U.S. banking giant JPMorgan had cut ties with the legendary rapper earlier in the month and had given him until Nov. 21 to move his assets to another financial institution.

The bank reportedly did not give a reason for its decision.

Many people have assumed that the bank made its decision after West’s recent anti-semitic statement. Before then, the rapper had criticized the bank’s leadership and had frayed relationships with several prominent business partners, including Adidas.

Kanye West says he broke no law

In a widely circulated video on Twitter, Kanye West said he did not break any law, adding that JPMorgan’s decision was surprising.

Kanye West speaks out after getting debanked: “I put $140 million into JP Morgan and they treated me like sh*t. So if JP Morgan Chase is treating me like that, how are they treating the rest of y’all?” pic.twitter.com/YYuMgqfqT5

— Benny Johnson (@bennyjohnson) October 16, 2022

West said:

“I put $140 million into JP Morgan and they treated me like sh*t. So if JP Morgan Chase is treating me like that, how are they treating the rest of y’all?”

Financial censoring

Several traditional financial institutions have recently wielded the big stick, cutting ties with different individuals and institutions without giving a specific reason.

Portuguese banks closed accounts of several crypto firms, including CriptoLoja and Mind the Coin, without giving any reason. The same scenario played out in the United States, with JP Morgan Chase closing the account of Uniswap founder Hayden Adams last year without notice or explanation. Before that, it closed Bitcoin miner Compass Mining accounts in 2019.

Apart from these traditional financial institutions, PayPal was recently in the news over a now-canceled misinformation policy that would fine its users up to $2500 for misinformation.

Meanwhile, several sexual content creators revealed traditional financial institutions like  PayPal, Venmo, Circle, Square, and Cash App had prevented them from using their services because it is a violation of their terms of use,

Financial censors could boost crypto adoption

The traditional financial institutions’ penchant for the arbitrary closure of user accounts could boost crypto adoption.

Protesters in Canada and Nigeria had used the censorship-resistance nature of crypto to their advantage when the traditional financial institutions clamped down on their fundraising activities.

Ukraine had also used crypto for fundraising for its defense against the Russian invasion of its border.

For those who don’t know, many Hollywood celebs are active in the crypto community. Some invest in NFT collections like the Bored Apes Yacht Club, and others pour millions into metaverse projects. Celebrities have a massive impact on the public, so whenever someone famous endorses a crypto project, new investors flock in huge numbers the next day.

Cryptos have been a popular investment option in Hollywood for years. Snoop Dogg was the first celeb to buy a virtual plot of land in Decentraland, and Kanye West is a spokesman for Bitcoin and decentralized finance. So let’s see what they think about the new King of Memes – Tamadoge.

What Cryptos Are Popular Among Celebrities?

As mentioned above, investing in cryptos is popular among celebrities worldwide. In fact, some blockchain projects experienced colossal growth as soon as a celebrity mentioned them in public. Think back to how Elon Musk’s Tweet on Shiba Inu and Dogecoin resulted in massive bull runs for both cryptos. Let’s see which celebs are the most active in the crypto ecosystem.

Snoop Dogg – Huge Supporter of NFT Drops

Snoop Dogg turned out to be the most successful crypto trader in Hollywood. He was among the first celebs to jump on the crypto train and became a real expert over the years. He poured millions of dollars into multiple NFT collections and is one of the rare celebs to support emerging artists through digital currency and NFT donations.

Snoop is well aware of the current crypto market trends and believes there are still plenty of growth opportunities. He said that the entire industry entered a new level of uncertainty, but he also noted that depression is and has always been a part of every other industry. Snoop compared the current situation with the downfall of alcohol, tobacco, and even food industries. Snoop Dogg is also one of the advocates of introducing NFT technology into the music industry and is working as a contributor on numerous crypto projects.

Hollywood News – Crypto and Celebs:

Well, by now, we are all accustomed to the ties that interlace Hollywood with the cryptocurrency industry. I mean, we all know about it. A big part of the “job” of being a celebrity is, in fact, to influence the public and to ultimately “sell” the “dream.” The connection between the prominent and powerful of the world, the general public, social media, and financial products or services are strong and everlasting. Whether we’re talking about tangible commodities or abstract fantasies, there’s always something to sell, there’s always someone willing to sell it, and there’s always someone interested in buying it.

So let’s dive straight into it. Who’s selling what, where, and most importantly, to whom?

Well, Cryptocurrency has been a “thing” in Hollywood for quite some time now, with celebrities swearing by their digital currency and Web.3 investments. Kanye West and Snoop Dogg are, of course, leading the “pack” with their efforts and full involvement in the NFT and Metaverse sectors.

Snoop Dogg

Image source axs.com

 

Rapper, actor, and businessman (who, as reported by CNN, has just dropped his very own brand of breakfast cereal – Snoop Loopz) is a real crypto-aficionado. What am I saying, the man is literally building a crypto-empire with his NFT collections and his strive to support young, emerging artists through digital currency. NFTs, or non-fungible tokens, are one-of-a-kind blockchain tokens that can represent ownership of a digital or physical asset, usually in the form of a unique art piece.

The “Drop it Like it’s Hot” singer has recently talked about what’s happening in the crypto markets lately and how he feels that the cryptocurrency winter “may actually do the industry some good in the long run.”

The artist went on to state that he believes crypto is a “beautiful industry” with plenty of potential and plenty of opportunities too. He added that he personally feels that the industry’s temporary swinging position is not here to stay, “there is always a depression in every industry,” he says, comparing the current downfall of the crypto markets to those of alcohol, tobacco, fashion, and even food.

 

The statement comes just after major news broke out about:

• One, is that the world’s main record label companies, Universal, Warner Music Group, and Sony Music, have all investigated the possibility of employing NFT technology in the near future, which would in return, attract even more artists to join the cause.

 

• Two, after partnering with Bored Ape (and creating its very own Taco Truck business – Bored Taco), Snoop might be thinking of partnering with yet another animal-themed project. Dogs? Nah, Cats!

The Starsky & Hutch actor is allegedly in talks with the developers of Big Eyes for the creation of a “top-secret” project involving unique NFTs which will stimulate and benefit young, emerging artists.

Kanye West

 

Another talented artist, rapper, and businessman. Kanye West (who has recently been spotted out with a “mystery brunette”), famous for his Yeezy lifestyle brand and of course, his relationship with modern-day starlet Kim Kardashian (formerly Kim Kardashian West), is not new to making “shocking” claims.

(image source The Indian Express)

This time, the 21-time Grammy winner has spoken in favour of cryptocurrency, saying that the “True Liberation of America” (Forbes) might actually come from Bitcoin (BTC) and the cryptocurrency industry at large. Well that’s a bold claim, Kanye! But could he have spoken some truth there?

(Kanye on the Joe Rogan Podcast)

 

In the age of the digital, having the opportunity to create “self-wealth” through decentralised finance (DeFi) and consequently eliminating the need for intermediaries (such as banks) has been a blessing for many, celebrities included.

Any, (or almost any) crypto projects hold the space and the freedom to generate passive income for their users in a convenient and straightforward way.  For the most part, the DeFi protocol works as follows: You get to stake your “magic” token to earn yield in digital currency that you may then trade on margin for derivatives of even more digital tokens. In a sense, this process constitutes a remarkable accomplishment for our society – as a (now) large sector of the economy, we have finally developed a distinct financial system that is, for the most part, functioning, (very) profitable, and also almost entirely disconnected from the physical world.

The Billionaire and (controversial) MAGA supporter, after having had some concerns about NFTs (non-fungible-tokens) bidding them volatile “objects” with no foundations or intrinsic purpose in the “real world,” has turned around. He has now warmed up to the idea of having his own NFT collections, following in the footsteps of fellow rapper Snoop Dogg.

According to over 15 new trademark cases submitted around the rapper’s alter-persona, “Yeezus”, Kanye West may be getting ready to mint his very own NFTs.

These speculations are based on the fact that “Ye” (Kanye’s new legal name) is now exploring “blockchain-based non-fungible assets,” currencies, and tokens, trying to possibly open up an online Metaverse retail store that would feature digital art as well as items from his Yeezy fashion house. All of this, it is rumoured, will be created in partnership with Big Eyes, an up-and-comer in the world of cryptocurrency and digital art.

Other Celebrities

If you thought that Mr “Ye” or “Big Unc Snoop” were the only superstars to have ventured into the wonderful, wonderful world of digital products and investment, well you are very wrong my friend!

In the cryptocurrency endorsement expedition, alongside the before-mentioned duo, other very prominent names come up.

Artist and influencer Paris Hilton has made NFTs “hot” by introducing to the market a series of “iconic” digital art pieces which sold for millions of dollars. The heiress to the Hilton Hotels “Empire” has repeatedly applauded the industry for the way it has helped democratising art and empower women.

Good Will Hunting actor and Academy Award winner Matt Damon has also expressed his full commitment to the cryptocurrency industry. In recent months Damon has been stating that “Fortune Favours the Brave” and that investing in digital currency should be a priority for anyone looking to make passive income.

Last but not least, British Supermodel Kate Moss has used cryptocurrency to make some good. The businesswoman and fashion Icon got in on the NFTs trend, presenting something wholly original. She created a video showing her in bed, sleeping, and released it as a non-fungible token titled “Sleep with Kate,” which then sold for over $17,000. All proceeds have gone to the non-profit organisation “Gurls Talk.”

Other notable personalities involved in cryptocurrency include Kim Kardashian, entrepreneur Elon Musk, Bella Hadid, Eminem, and comedian Ellen DeGeneres.

Now, who’s going to be the next big celeb to endorse Big Eyes?

“Certified Cuteness”: Big Eyes

Okay, so we have been mentioning the possibility of celebrities like Kanye and Snoop endorsing Big Eyes. Cool! But you may be wondering, what is Big Eyes? Well here is what we know about the new “certified cuteness” meme coin and NFT-based cryptocurrency.

First of all, Big Eyes (BIG) has been fully developed to be the cutest meme coin in the cryptocurrency sphere. It has been said that the creators of Big Eyes – a cute ginger kitten bearing sparkly eyes – have been elaborating the project to be the best possible alternative to the prominent (silly-looking) Shiba-inspired meme currency already present on the market (Dogecoin rings a bell).

Big Eyes (BIG) is a full-fledged community token that has the explicit objective of creating and then transferring income from the Defi ecosystem into individual’s wallets, while also preserving the essential component of global community interconnections.

Tokens issued by the community can generate significant riches for both individuals and charitable organisations. Big Eyes strives to expand its endeavours even more by developing a blockchain ecosystem that can self-propagate for hypergrowth using non-fungible tokens (NFTs) – You can see why the two rappers, which have always been interested in developing community ties and helping the younger generations, are allegedly thinking about getting involved in the Big Eyes ecosystem and efforts.

In order to assure the longevity and sustainability of the project, to guarantee an investors-come-first ecosystem, and also to keep great ideas flowing, the ecosystem has implemented reactions that are quick and smooth, just like the ones of a cat, of course.  A tax system that is both straightforward and dynamic will permit adjustments to be made to fees with Auto Burn features, Marketing Wallet, and LP Acquisition.

Big Eyes plans to go big on NFT creation, with a creative marketplace waiting to open – the NFT Sushi Crew. The NFT collection will aim at bringing joy to the community while also increasing the value of the token, benefiting all holders in return. In addition, all revenue made through the NFT events will be contributed to a vote on whether or not to burn currency.

Big Eyes is also planning on giving its community access to many other in-house projects such as contests, rewarding systems and a shop where Big Eyes aficionados can purchase cool merch designed by the hottest artists in the business; this “wear the stare” venture is aimed at attracting even more individuals to join the “family” and expand Big Eyes’ reach (together with holder’s wallets).

The cutest project in DeFi is aiming at raising 50 million USD by the end of the year. According to data, the Big Eyes presale so far has managed to raise a whopping 1 million dollars.

The Big Eyes platform is going to be a place for creatives, artists, and anybody who is really “hungry for a change.”

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Shiba Inu founder Shytoshi Kusama just posted a cryptic tweet featuring Kanye West, leaving fans scratching their heads.

Investors of the cryptocurrency have taken to Twitter in an attempt to work out what it all could mean. We’re breaking down the puzzling post.

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What is Shiba Inu?

If you’re not familiar with the cryptocurrency world, Shiba Inu is the 11th-biggest cryptocurrency by market value, as per Bloomberg.

The token, themed after a Japanese hunting dog, is now worth a hefty $30 billion. Interestingly enough, however, Bloomberg reports that you can buy a lot of Shiba Inu for not very much money.

What did Shiba Inu’s founder tweet to Kanye West?

Crypto investors have been left baffled after Shiba Inu’s founder posted somewhat of a mysterious tweet involving rapper Kanye West, otherwise known as Ye.

The tweet, written by @ShytoshiKusama, read: “Good choice @kanyewest.”

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At the time of publishing, Ye is yet to reply to the cryptic tweet and, according to The Sun, the price of the coin stayed relatively unaffected following the post.

Kusama’s tweet sure has gained a lot of traction, though. At the time of writing, the ‘good choice’ post boasts over 5k likes and over 1000 retweets.

Twitter theories following mysterious post

Investors of the cryptocurrency have taken to Twitter to theorize the connection between the Good Morning rapper and Shiba Inu.

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I’m lost

— Ulises Gamez (@cubancameraman) November 10, 2021

One person wrote: “So what happened with kanye?… I’m lost…lol.”

Another tweeted: “You killn me!!!!! What’s the TEA WITH @kanyewest.”

Somebody else theorized that it could be to do with the fact that Ye was recently spotted with model Vinetria, writing: “Kanye was seen out at a b-ball game with Model Vinetria. They may be dating …Shytoshi thinks she’s [fire].”

Another wrote: “What did Yeezy do? Get into some SHIB?”

This content could not be loaded

What’d I miss

— FeeFee Manuel (@FinanceFee) November 9, 2021

Others guessed that Kanye had started to invest in the currency, whereas another wrote: “Y’all can’t tell me he if he not shytoshi he damn sure knows who is!!!!”

It’s not currently clear what the connection is between Ye and Shiba Inu, but hopefully we’ll find out soon.

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In other news, How much has Travis Scott made from his Astroworld tours?

SHIBA Inu investors are in meltdown after the cryptocurrency’s founder sent a mysterious tweet to Kanye West.

The digital currency is one of the most popular cryptos – with the price skyrocketing in value since its inception last year.

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Last night, Shiba’s founder Shytoshi Kusama caused a stir when he tagged in Kayne to a tweet.

He wrote: “Good choice @kanyewest.”

This sparked thounsands of retweets and likes with some followers admitting “I’m lost” while trying to figure out the significance of the post.

Another tweeted: “No matter how long you scroll, you will not find the answer.”

A third claimed that Kanye IS the mysterious fonder of Shiba Inu.

They wrote: “Y’all can’t tell me he if he not shytoshi he damn sure knows who is!!!!”

The price of the coin was left relatively unaffected by the tweet which rap megastar Kanye did not reply to.

Cryptocurrencies are extremely volatile and can be very risky to invest in.

Unlike other types of investment, crypto is not regulated so you don’t have protection if things go wrong.

Another concern for anyone considering investing is there’s no guarantee you’ll be able to convert your assets back to cash when you need to.

This is not the first time Kanye’s name has been used in connection with a cryptocurrency.

In 2014, a US development team created Coinye using a likeness of the rapper as a fish as its mascot.

However, Kanye’s legal team quickly took action against the currency prompting its developers to abandon the project.

Two contrasting stories have shown the volatility in investing in Shiba Inu.

One trader reportedly bought £5,800-worth of the coin in August last year – and it’s now worth a whopping £4billion.

The mystery billionaire purchased a mammoth 70 trillion coins shortly after the currency was created 14 months ago, according to their crypto wallet.

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According to Etherscan, the anonymous investor started trading on August 1, 2020, when they bought about 70 billion Shiba coins in one day.

But another Reddit user has claimed he convinced his aunt to invest $200,000 in Shiba – only for her lose tens of thousands of dollars in 24 hours.

The anonymous poster says his relative, 47, was inspired by him bragging about the fortune he was making before dumping her savings into the meme cash.

We recently compared the differences between Dogecoin and Shiba.

And we rounded up five things you need to know about the Shiba Inu tokens.

Plus, check out four things you need to know about Dogecoin.