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Crypto influencers are taking an extra cautious approach to endorsement deals since the collapse of crypto exchange FTX last year, which has seen several celebrities hit with a lawsuit for their alleged role in its promotion. In March, a $1 billion class-action lawsuit was filed alleging that eight influencers promoted “FTX
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As rumors intensified, pseudonymous crypto sleuth ZachXBT shared ETH addresses linked to the Pixel Penguin NFT collection, showing that the contract had amassed nearly 61.6 ETH, or about $117,000. Two hours later, ZachXBT shared that 63.5 ETH, nearly $119,000, of the funds earned from the project were distributed across two
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The former SEC chief hinted that influencers adopt various strategies to deceive and mislead their followers into making uncalculated investment decisions. The US Securities and Exchange Commission (SEC) is increasing its efforts to regulate and enforce compliance among crypto influencers, as former SEC Chief John Reed Stark issues a stern
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The United States Securities and Exchange Commission (SEC) is pursuing crypto influencers who have promoted scam projects and are found to be manipulating the prices of certain tokens via social media. Former SEC chief John Reed Stark took to Twitter to warn crypto influencers to be ready to face prosecution.Attention
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Kenya's lawmakers are considering the introduction of a 3% tax on cryptocurrency and nonfungible token (NFT) transfers and a 15% tax on monetized online content, according to a newly introduced bill.Introduced to the Kenyan parliament on May 4, The Finance Bill, 2023 would enact a digital asset tax on “income
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Committee on Economic Affairs in the French Senate has approved an amendment to pending legislation that will permit registered cryptocurrency companies to enlist social media influencers for promotional and advertising purposes. The new wording would enable
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The French Senate’s Committee on Economic Affairs recently approved an amendment to pending legislation allowing registered cryptocurrency companies to hire social media influencers for advertising and promotional purposes.According to a translation of the amendment provided by Bing, the new wording would allow companies that are registered with France’s Financial Markets
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Lawmakers in the French National Assembly are seeking to effectively ban promoting crypto on social media, but Senators appear to favor lighter restrictions Source
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The lawsuit blames crypto exchange Binance and its affiliates for illegally promoting unregistered securities and also engaging in the activities of BNB burn. Crypto exchange Binance and its CEO Changpeng Zhao (CZ) is facing another set of difficulties in a high-profile legal challenge. Just a few days after the US
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Two residents from Florida and a person from California are suing Binance US, the United States affiliate of Binance, the world’s largest cryptocurrency exchange by trading volumes; three Binance international entities; Changpeng Zhao, the Binance CEO; and three influencers, including Jimmy Butler of the Miami Heat, and vocal YouTube star,
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