Controversial musician Kanye West has agreed a deal to buy the right-wing Web3 social media platform Parler.
West has been banned from Twitter and Instagram for anti-Semitic posts. After facing criticism for posing next to far-right political commentator Candace Owens at Paris Fashion Week wearing a ‘White Lives Matter’ shirt, he posted that he would “Go death con 3 on JEWISH PEOPLE”.
“In a world where conservative opinions are considered to be controversial we have to make sure we have the right to freely express ourselves,” he said.
The deal for Parlement Technologies – the parent company behind the Parler app as well as Web3 and secure cloud services DeepRedSky and Dynascale – is expected to close during the fourth quarter of 2022.
The terms include ongoing technical support from Parlement and the use of private cloud services via Parlement’s private cloud and data centre infrastructure.
Parler has been removed from the Google Play and Apple App Stores.
The company stated: “Ye has become the richest black man in history through music and apparel and is taking a bold stance against his recent censorship from Big Tech, using his far-reaching talents to further lead the fight to create a truly non-cancelable environment.
“The company is a guiding force in the fight against Big Tech, Big Government, censorship and cancel culture.”
Parlement is based in Nashville, Tennessee. Its CEO George Farmer – who is married to Owens – added: “This deal will change the world, and change the way the world thinks about free speech.
“Ye is making a groundbreaking move into the free speech media space and will never have to fear being removed from social media again.
“Once again, Ye proves that he is one step ahead of the legacy media narrative. Parlement will be honoured to help him achieve his goals.”
Crypto tool ‘which beat bear market’ launches
A cryptocurrency asset management tool which claims to have ‘beaten the bear market’ has fully launched.
SingularityDAO’s DynaSets tool uses data-science based signals, indicators and in-house artificial intelligence to monitor market sentiment, economic events, politics and other influencing factors to identify the optimal moment to execute trades.
DynaSets are dynamically managed based on these insights, allowing for quick reaction to potential crashes.
The tool was designed to give everyday users access to the same tools as large hedge funds, offering them the same passive income opportunities that wealthier, traditional investors have access to.
The beta period for DynaSets beat returns on Bitcoin and Ethereum by 32% and 45% respectively.
The AI underpinning DynaSets was also developed in conjunction with SingularityDAO’s parent company, SingularityNET, working with its industry-leading AI which powers the brain of Sophia, the world’s first robot citizen.
“The crypto market is volatile and difficult for participants to navigate. They need tools to assist their decision making, but reliable portfolio management tools are only accessible to the wealthy and institutions,” said Marcello Mari, CEO of SingularityDAO.
“Until today, hedge fund quality trading tools were only accessible to those with enough network and liquidity. This launch marks an important step in democratising access to sophisticated trading tools – anybody can add liquidity to our DynaSets and let our expert trading desk do the job while remaining in total control of their crypto.”
Cryptocurrency shorts
Singapore tops the list as the country most interested in the Ethereum Merge, followed by Switzerland and Canada, according to data from CoinGecko.
Mastercard has launched Crypto Source, a new program that brings crypto trading capabilities to banks.
Suresh Kumar, global CTO of US retail giant Walmart, says cryptocurrency will transform how customers pay for virtual and physical goods in the future.
South Korea aims to introduce blockchain-based digital IDs for smartphone-owning citizens by 2024, according to Bloomberg. The government says it would not have direct access to the decentralised identity system or its usage.
The judge ruling in the bankruptcy proceedings around crypto lending platform Celsius says the court may consider the UK’s provisional ‘Digital Assets: Consultation Paper’ in the absence of US guidance.
Sportsmania is launching a decentralised sports prediction platform on Binance Smart Chain.
Crypto prices
The overall market cap of the more than 21,300 coins is at $936 billion at the time of writing (7am UK), a 1.3% increase in the last 24 hours.
For round-ups of recent cryptocurrency news developments, click here.
For valuations of the top 100 coins by market cap in US dollars, plus 24-hour price change, see below.