Commentary: Cryptocurrency is a peril for the Black community

Published by
Chicago Tribune

“The future is crunk!” declares a digital re-creation of a young LeBron James in the ubiquitous TV commercial promoting Crypto.com. That is, hype. Wild. Exciting. Cryptocurrency is hot, especially for African Americans. I am still trying to figure it out. The online Oxford Dictionary defines “cryptocurrency” as “a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.” Everyone has heard of the most widely used version, bitcoin. LeBron James, the Los Angeles Lakers ico…

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