Paid shills are nothing new to crypto. Now they’re on the cap table, driving growth for protocols and leaving retail traders in the dark.
Nifty News: 3 Bored Apes gone phishing, fantasy.top fees beat Tron and more
One unlucky BAYC holder just lost $167K in Bored Ape NFTs, Ronaldo’s still on the hook for Binance NFTs, and a fantasy influencer NFT game has topped Tron in fees.
The Funniest Anon on Crypto Twitter
Gwart has the ear of DeFi’s elite. What they don’t know is that crypto’s truth-telling, funnyman is secretly a Bitcoiner.
Will Crypto Ever Be Rid of Influencers Like BitBoy?
Even Unpaid Social Media Crypto Promotions May Breach UK Ad Rules: Financial Regulator
The Financial Conduct Authority (FCA) gained oversight of crypto promotions with the approval of the Financial Services and Markets Act in June.
Crypto memes can be considered financial promotions, says UK watchdog
Memes found to be non-compliant with financial promotion rules could carry up to two years in jail under a proposal from the FCA.
Social Media Targeted in EU Consumer Group Complaint About Crypto Ads
BEUC wants Instagram, YouTube, TikTok and Twitter to prohibit influencers from promoting crypto
French Lawmakers Strike Softer Deal on Crypto Influencer Law
A final compromise appears to allow registered crypto firms to advertise through social media influencers, potentially easing industry fears.
Allow Influencers to Promote Registered Crypto Firms, French Senators Say
Lawmakers in the French National Assembly are seeking to effectively ban promoting crypto on social media, but Senators appear to favor lighter restrictions
‘Rug Radio’ Founder Farohk Talks Fame, Fortune and Decentralization
In an interview ahead of Consensus the mononymed podcaster discusses how he built the foundation to collaboratively build a Web3 media empire.
French Lawmakers Agree to Effectively Ban Crypto Influencer Promotions
Social media stars wouldn’t be allowed to shill unlicensed crypto under anti-scam plans voted on by the National Assembly’s Economics Committee Wednesday
Meta pulling the plug on NFTs across Instagram and Facebook
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.
The ‘Elon Effect’ shows how opinion leaders shape the FinTech market
Crypto “influencers” wield considerable influence over markets, particularly cryptocurrency markets — which hasn’t been positive for everyone over the last two years.
Potential US ban is a reminder that influencers should dump TikTok
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.