Celebrities Endorsing Upcoming Cryptocurrency Ico
Akon launched his own cryptocurrency Akoin Paris Hilton endorsed Lydian ICO. According to an ICO advisory firm known as Satis Group at least 81 percent of ICOs.
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Jamie Foxx endorsed Cobinhood.
Celebrities endorsing upcoming cryptocurrency ico. Mike Tyson endorsed Bitcoin Direct. Boxer Floyd Mayweather backed several initial coin offerings ICOs dubbing himself as Floyd Crypto Mayweather last year. Some Big Names are Touting ICOs.
While SEC chairman Jay Clayton recently declared that not all ICOs are frauds studies show that an overwhelming majority are. According to the football legend he has so much believed in the project and thats what got him on board. The Securities and Exchange Commision released a public announcement that warns celebrities about endorsing potential unlawful ICOs and cryptocurrencies.
He is now the official ambassador for ALLme a crypto-based social networking platform. The latest football icon to endorse crypto this year is the Ivorian legend Didier Drogba. The Game endorsed Paragon the company owned by Jessica VerSteeg former Miss Iowa and Amazing Race contestant.
The SEC believes that the public will be more likely to be fooled into investing into a volatile market or outright scam because of the. Turning into a professional crypto scam scout. Snoop Dog sold his music albums at 03 BTC each in 2013.
Celebrities from boxing legend Floyd Mayweather to socialite Paris Hilton to producer and musician DJ Khaled have all associated their names with an ICO. DJ Khaled As mentioned above Rapper DJ Khaled was also involved in promoting Centra ICO. Ask these celebrities how to spot bad ICO.
81 Of Recent ICOs Are Scams. In January 2018 just as the cryptocurrency bubble was about to pop the celebrity showed off her brand new nails or crypto claws as she called them. More stars endorsing scam projects.
In the SECs Report of Investigation concerning The DAO the Commission warned that virtual tokens or coins sold in ICOs may be securities and those who offer and sell securities in the United States must comply with the federal securities laws. One of the most known endorsement was made by the well known Hollywood-star Jamie Foxx who promoted the Cobinhood ICO with a tweet. In the last couple of months many ICO projects have been publicly endorsed and promoted by very well known celebrities.
Katy Perry didnt end up in hot water with law enforcement due to endorsing an ICO but she didnt pick the best timing to jump on the cryptocurrency train either. People tend to forget that most celebrities who sign such a sponsorship deal do not even know what the project is about. Some endorsements have led regulators to fine the celebrities involved.
Both of these reached millions of his followers effortlessly proving to be a marketing platform for the tech company. Mayweather and Khaled both used their social media profiles to endorse Centra which did go on to raise millions in its ICO and launch a cryptocurrency debit card service before folding a few months later following an SEC investigation. Beth-ann Roth a one time SEC prosecutor who is now a partner at Capital Fund Law opined that there is a great need for celebrities to know the projects they are endorsing inside-out because they could as well be charged with aiding and abetting a crimeKnow what youre endorsing he said.
Actor Jamie Foxx recently tweeted an endorsement of an ICO on Twitter as did socialite Paris Hilton. All news about Bitcoin technology blockchain and cryptocurrency. Any celebrity or other individual who promotes a virtual token.
Celebrities and others have recently promoted investments in Initial Coin Offerings ICOs. There are some pretty famous people getting involved in ICOs lately. Whether or not the Stox ICO will fare any differently remains to be seen.
He shared a photo with a Centra card on his Instagram profile. He also posted a video talking about storing and using various cryptocurrencies. In late July 2017 he promoted a project called Stox an open-source prediction marketplace.
The ICO Craze ICOs or Initial Coin Offerings have become the new trending investment opportunity of the year. The Securities and Exchange Commision released a public announcement that warns celebrities about endorsing potential unlawful ICOs and cryptocurrencies. In fact her public enthusiasm for all things crypto dates back to 2016 when she featured in an Instagram post with Stephan Tual former CCO of cryptocurrency.
Rapper and producer DJ Khaled has been endorsing ICO of Centra. LydianCoin endorsed by Paris Hilton Bitcoin Direct endorsed by Mike Tyson and Cobinhood endorsed by Jamie Foxx have all failed. Not only did he post a photo with a Centra card on Instagram but he also posted a video in which he spoke about storing and using various cryptocurrencies.
Paragon a cannabis cryptocurrency endorsed by rapper The Game and Miss Iowa Jessica VerSteeg also announced bankruptcy this year. Celebrities and Cryptocurrencies. While it is true that cryptocurrency ICOs can spur a new wave of innovation paying a celebrity for a few hashtags will not make projects successful.
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