Friday, 4 Jul 2025
America Age
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Font ResizerAa
America AgeAmerica Age
Search
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 America Age. All Rights Reserved.
America Age > Blog > Money > How Influencers Hype Crypto, Without Disclosing Their Financial Ties
Money

How Influencers Hype Crypto, Without Disclosing Their Financial Ties

Enspirers | Editorial Board
Share
How Influencers Hype Crypto, Without Disclosing Their Financial Ties
SHARE

Some of the projects that Mr. Armstrong promoted were small-time, experimental crypto ventures that eventually encountered problems. In those cases, he said, he considered himself a victim, too.

“They’re preying on the novice crypto influencer who just got popular and is trying to figure out what they should and shouldn’t be doing,” he said. “It’s hard to go from 12,000 followers to a million in one year and make all the right decisions.”

Expand Your Cryptocurrency Vocabulary


Card 1 of 9

Bitcoin. A Bitcoin is a digital token that can be sent electronically from one user to another, anywhere in the world. Bitcoin is also the name of the payment network on which this form of digital currency is stored and moved.

Blockchain. A blockchain is a database maintained communally and that reliably stores digital information. The original blockchain was the database on which all Bitcoin transactions were stored, but non-currency-based companies and governments are also trying to use blockchain technology to store their data.

Coinbase. The first major cryptocurrency company to list its shares on a U.S. stock exchange, Coinbase is a platform that allows people and companies to buy and sell various digital currencies, including Bitcoin, for a transaction fee.

Web3. The name “web3” is what some technologists call the idea of a new kind of internet service that is built using blockchain-based tokens, replacing centralized, corporate platforms with open protocols and decentralized, community-run networks.

DAOs. A decentralized autonomous organization, or DAO, is an organizational structure built with blockchain technology that is often described as a crypto co-op. DAOs form for a common purpose, like investing in start-ups, managing a stablecoin or buying NFTs.

Mr. Paul rose to fame as a video blogger and an occasional actor; YouTube once reprimanded him for publishing footage of a dead body he found in a Japanese forest. Over the years, he has parlayed his internet fame into an eclectic array of entrepreneurial pursuits, including a line of energy drinks.

Mr. Paul became interested in crypto last year as the market for NFTs started booming. In a recent interview, he acknowledged that he was still learning how to navigate the crypto market, even as he tried to profit from the technology. “I’m an extreme ideas person, not much of an executor,” he said.

Mr. Paul was involved in some of the initial brainstorming for the Dink Doink project. But the venture was ultimately spearheaded by one of his roommates, Jake Broido, who gave Mr. Paul 2.5 percent of the tokens that were initially issued.

In a tweet last June, Mr. Paul called it one of the “dumbest, most ridiculous” cryptocurrencies he had encountered, and circulated a video of a cartoon character singing sexually explicit lyrics. “That’s why I’m all in,” he added. He also appeared in a shaky-cam video on Telegram in which he hailed Dink Doink as possibly his favorite crypto investment.

The campaign was a flop, and Mr. Paul was pilloried by YouTube critics. The price of Dink Doink hovered well below a cent, before falling even further in value over the summer. Mr. Paul said he had never sold his tokens or profited from the project. But he said he regretted promoting the coin without disclosing his financial stake. “I definitely didn’t act as responsibly as I should have,” he said.

TAGGED:Advertising and MarketingCelebritiesComputers and the InternetCurrencyMayweather, Floyd JrNonfungible Tokens (NFTs)Online AdvertisingPaul, Logan (1995- )Social MediaThe Washington MailVirtual Currency
Share This Article
Twitter Email Copy Link Print
Previous Article Ex-Transnet CEO Arrested as South Africa Acts on Graft Findings Ex-Transnet CEO Arrested as South Africa Acts on Graft Findings
Next Article 11 Families in Senegal Welcomed Newborns. A Fire Left Them Devastated. 11 Families in Senegal Welcomed Newborns. A Fire Left Them Devastated.

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
TwitterFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

Popular Posts

UAE to send astronaut on 6-month mission to space station

DUBAI, United Arab Emirates (AP) — The United Arab Emirates has purchased a seat on…

By Enspirers | Editorial Board

2 Palestinians killed in flare-up as Israel counts votes

TEL AVIV, Israel (AP) — Israeli forces killed a Palestinian in the West Bank on…

By Enspirers | Editorial Board

Megan Thee Stallion takes out restraining order against her label

Megan Thee StallionAwards season can make or break an artist’s career, even one as established…

By Enspirers | Editorial Board

TMZ TV Sizzling Takes: Donald Trump’s Lisp, Taste Flav, Michael Corridor Jr.

Donald Trump's lisp is stealing Elon Musk's thunder, Taste Flav is hooking up an Olympic…

By Enspirers | Editorial Board

You Might Also Like

Retirement Financial savings Waterfall: In What Order to Make Your Financial savings Contributions
Money

Retirement Financial savings Waterfall: In What Order to Make Your Financial savings Contributions

By Enspirers | Editorial Board
Variety of new UK entry-level jobs has dived since ChatGPT launch – analysis
Money

Variety of new UK entry-level jobs has dived since ChatGPT launch – analysis

By Enspirers | Editorial Board
How To Make A Price range: 12 Straightforward Methods To Do It (The Full Information) – Dollarsanity
Money

How To Make A Price range: 12 Straightforward Methods To Do It (The Full Information) – Dollarsanity

By Enspirers | Editorial Board
Younger carer who unwittingly breached allowance guidelines compelled to repay £2,000
Money

Younger carer who unwittingly breached allowance guidelines compelled to repay £2,000

By Enspirers | Editorial Board
America Age
Facebook Twitter Youtube

About US


America Age: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Terms of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 America Age. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?