It seems like Bitcoin is a popular topic in many rap songs – just like it is a very popular topic on many news sites covering Bitcoin news and the latest price movements. In the latest crypto news, the famous rapper Soulja Boy is mentioning Bitcoin for a few times.
The 28-year old rapper, known for his debut single “Crank That” has debuted a new song about Bitcoin in his latest album called “Young Draco”. The track is called “Bitcoin” and describes how Soulja made $1 million off of Bitcoins after seemingly buying them at $6,000.
As the lyrics begin:
“Man, this going crazy the cryptocurrency man,
I made 100 racks off of bitcoin (bit)
You can catch me trapping with the bitcoin (bit)
You can catch me running up the bitcoin (yeah)
I spent 6,000 on the bitcoin”
In the urban dictionary, 100 racks are equal to $100,000. In the song, Soulja later indicates that he may be paying bands using the cryptocurrency or at least the gains from his holdings, referencing transactions through PayPal and the Cash App.
Soulja is the latest musician in the list to sing about Bitcoin, after Mims, Snoop Dogg, 3lau and Young Dirty Bastard all mentioned the crypto space through various projects or performances.
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Brokerage Giant TP ICAP Opens Its Doors To Bitcoin Trading
“We want to be close to what’s happening within this nascent asset class because we believe it’s important to invest in the early stages of a growing market.”The brokerage giant TP ICAP hopes that the new bitcoin trading option will attract the new clients’ money and will diversify its offering. The company which operates as an intermediary to financial, commodity and energy markets has seen a slight slump in revenue since the 2008 meltdown. Brokerage companies like ICAP mainly make trades for its banking partners but the volumes show that the company was forced to issue a profit warning in 2018. The initiative will be conducted from London by Duncan Trenholme and Simon Forster who have plans to expand in the United States and in Asia. The ICAP services will provide derivatives trading but they won’t turn their eyes from the option to hold digital assets directly in the future. Forster admitted that the number one cryptocurrency poses a threat to traditional assets so the finance executives can’t really afford to stand on the sidelines:
“TP ICAP also understands that this technology could disrupt or impact other asset classes where we currently operate, so we feel it’s important to be informed.”The traditional finance firms are slowly getting into crypto as well. At the start of the year, Fidelity launched bitcoin custody services for their clients. The multi-million asset management company will also facilitate bitcoin trading in the upcoming months. Also as noted in some of the best cryptocurrency news sites, the Intercontinental Exchange (ICE), which is the parent company of the New York Stock Exchange is preparing to launch Bakkt which is a physically-settled bitcoin futures and custody offering. In the meantime, Nasdaq will launch its own platform for bitcoin derivatives in 2019.
Bitcoin Ignores Correction Calls: Where Is BTC Headed?
“$BTC – found resistance right at the lower cloud and has opened the weekly candle inside the cloud. This represents the highest time frame that #bitcoin has breached into the cloud…with resistance at just above $10K…”An analyst named Chonis Trading then took to Twitter with the following statement: https://twitter.com/BigChonis/status/1140410183665049603 He also added:
“One more step up the mountain as #bitcoin hits right at the 38.2% fib resistance making it the next target for the bulls to close over and also makes maintaining the 23.6 fib support that much more important for overall continuation…”As Bitcoin ignores correction calls, many believe that the $10,000 mark could be achieved very soon.
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