Category: influencers

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Fact or Fiction? Theories Littered Across Social Media About Blackrock’s Alleged Bitcoin Buying Spree

September 3, 2023

This past week, the U.S. Securities and Exchange Commission (SEC) delayed seven spot bitcoin exchange-traded funds (ETFs), including Blackrock’s proposed Ishares Bitcoin Trust. Alongside this news, Into The Block metrics indicate that from August 13 to the 31st, large BTC holders dubbed ‘whales’ increased their caches by $1.5 billion. Amidst the price consolidation and accumulation,…
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European Consumer Organization Calls for Curbing Crypto Promotion on Twitter, Tiktok

June 11, 2023

BEUC, the European Consumer Organization, has urged Brussels to clamp down on the promotion of crypto assets on social media. The umbrella group calls for implementing stricter advertising rules on major platforms like Twitter and Tiktok as well as preventing influencers from misleading investors. BEUC Complains About Promotion of Risky Crypto to European Consumers on…
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Meta pulling the plug on NFTs across Instagram and Facebook

March 14, 2023

The short-lived NFT features were first launched in May 2022, but Meta’s financial technology lead said it’s “winding down” the tools to focus elsewhere. Big Tech firm Meta is scrapping its nonfungible token (NFT) feature across its social media platforms Facebook and Instagram just under a year after it launched. Stephane Kasriel, Meta’s head of…
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The ‘Elon Effect’ shows how opinion leaders shape the FinTech market

January 9, 2023

Crypto “influencers” wield considerable influence over markets, particularly cryptocurrency markets — which hasn’t been positive for everyone over the last two years. The power that influencers have in affecting public perception and therefore causing alterations in the value of a product, service, asset or currency has increased to the point where they can crash or…
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Spanish Securities Regulator CNMV Warns About Crypto Investments; Calls for Caution After FTX Downfall

November 29, 2022

The Spanish securities regulator (CNMV) has warned investors against putting funds in crypto-related companies. Montserrat Martinez Parera, vice president of the organization, stated that lack of control is one of the causes of the downfall of the crypto exchange FTX, and that anyone looking at crypto as an investment must be very careful due to…
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Potential US ban is a reminder that influencers should dump TikTok

October 26, 2022

With TikTok facing the prospect of removal from the United States, users should realize that traditional tech companies are far less reliable than the decentralized web. With a recent proposal by a member of the United States Federal Communications Commission (FCC) to ban TikTok, influencers are scrambling. If the FCC makes good on the ban,…
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Russian Police Arrest 2 Women, High-Ranking Members of Finiko Crypto Pyramid

September 11, 2021

Law enforcement in the Russian republic of Tatarstan have made new arrests in connection with the crypto Ponzi scheme Finiko. Two women detained this week are believed to have attracted millions of dollars to the pyramid. The now collapsed Finiko lured investors from a number of countries in the post-Soviet space and around the world,…
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