JPMorgan Chase, the biggest U.S. bank by assets, is cutting ties with rapper Kanye West. This comes after West shared anti-Semitic conspiracy theories in a series of social media ramblings in recent weeks, and his appearance on FOX’s “Tucker Carlson Tonight,” at times the most watched infotainment/evening news program in the U.S.
You’re reading this story on CoinDesk.com, a publication that’s sometimes called the “paper of record” for the cryptocurrency industry. Our mission is to provide balanced reporting and keen insights on the ongoing financial revolution kick-started by Bitcoin. The angle here, you can probably intuit just by context, is that this is why crypto matters.
Decentralized financial networks are color-blind, accessible to anyone with capital and a computer. Ye, as the artist and fashionista calls himself, has until Nov. 21 to find a new place to park his fortune. Maybe he’ll choose BTC or some yield-bearing decentralized finance (DeFi) program. There are also plenty...
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