The Chair of the Financial Conduct Authority (FCA), Charles Randell, singled out Kim Kardashian for her role in promoting Ethereum knock-off EthereumMax (EMAX).In this respect, Randell admitted the FCA’s reach only extends to “registering UK-based cryptoasset exchanges for anti-money laundering purposes.” As such, Randell is calling for greater regulatory powers to deal with … [Read more...] about UK calls out Kim Kardashian for promoting knock-off Ethereum, but fails to take action
Promoting
Logan Paul called out for promoting alleged crypto scam Dink Doink
Popular YouTuber Logan Paul catches heat for promoting a dubious crypto sh*tcoin known as Dink Doink.Earlier this month, several influencers, including members of FaZe Clan and Ricegum, were accused of hyping a pump and dump token called Save The Children.Paul’s efforts have triggered a further discussion on the role played by social media celebrities within the crypto space. … [Read more...] about Logan Paul called out for promoting alleged crypto scam Dink Doink
U.S. feds bust Instagram star for promoting Bitcoin scams
Federal prosecutors in Brooklyn bust one ‘Jay Manzini’ yesterday on charges of perpetuating a wire fraud using Bitcoin, city outlet Daily News said this morning.Buying Bitcoin over InstagramIdentified as Jebara Igbara, the man hunted for potential victims on social app Instagram and marketed a fiat-to-BTC scheme to his millions of followers. Bitcoin, the world’s largest … [Read more...] about U.S. feds bust Instagram star for promoting Bitcoin scams