- American rapper Kanye West was seen carrying a Satoshi Nakamoto hat following the termination of his account by JPMorgan Chase.
- West has not publicly said any help for Bitcoin, however the controversial determine could also be trying elsewhere after he was canceled as a consumer. The rapper’s current controversial statements led to the termination.
- West had filed for a trademark regarding NFTs and the metaverse earlier this yr.
In what can solely be described as an attention-grabbing flip of occasions, American rapper and superstar Kanye West was noticed carrying a “Satoshi Nakamoto” hat — not lengthy after funding financial institution, JPMorgan Chase ended its relationship with him.
Photos of West carrying the Satoshi which might be making the rounds on social media, and naturally, the crypto neighborhood is abuzz with dialogue. The event is particularly attention-grabbing given the truth that JPMorgan Chase cut ties with the rapper following some controversial statements that he made.
West has till November 21 to switch his funds, although it stays to be seen if crypto might be concerned in any method. Following the financial institution’s determination, he mentioned that he was “the richest Black man in American historical past, that put $140m in JPMorgan” and that “they handled [him] like s***.”
West has at all times been a controversial determine, however he has appreciable affect over social media and is a advertising alternative most crypto tasks would eagerly wish to faucet into. Whether or not he truly broadcasts one thing associated to Bitcoin stays to be seen, however the crypto neighborhood is on tenterhooks.
It wasn’t lengthy earlier than the crypto neighborhood had its say on the matter. Cardano founder Charles Hoskinson commented on the information by saying that banks do a “fairly good job” of selling crypto for the business.
By the way, Kanye’s ex-wife Kim Kardashian has additionally been concerned within the crypto house, albeit not for good causes. She promoted what the SEC known as a safety over Instagram, for which she was fined $1 million.
Crypto Neighborhood Argues Crypto Can Stop Censorship
After all, the crypto neighborhood was fast to level out that the termination of West’s account by JPMorgan Chase is just not one thing that may have occurred with crypto. The crypto market and its brethren have ceaselessly touted an absence of censorship and decentralization as the very best options, they usually see West’s cancelation as a working example.
Monetary platforms have been receiving an rising quantity of criticism currently for censorship and harsh insurance policies, as within the case of PayPal. It’s partly why Bitcoin was created, and whereas not everybody within the crypto neighborhood helps West unequivocally, they do see the significance of crypto stopping censorship.
Apparently, West has dabbled with blockchain-related endeavors earlier than. In June 2022, he filed a trademark with the patent workplace associated to NFTs and the metaverse.
