jay z backs new youth coding initiative amid online scam rumors
A viral rumor claiming rap mogul Jay Z is launching a cryptocurrency called "HovCoin" is FALSE. The rumor, spread via manipulated screenshots, falsely stated he partnered with a sketchy exchange. In reality, Jay Z's official Roc Nation team confirmed on social media that he is instead funding a new coding program for underserved youth in Brooklyn. All crypto-related claims are fake; no new coins or endorsements exist.