And it illustrates the need to be especially cautious if you’re following celebrity crypto advice. We’ve found one company that’s positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market — Bitcoin, Dogecoin, and all the others. In fact, you’ve probably used this company’s technology in the past few days, even if you’ve never had an account or even heard of the company before. https://cryptolisting.org/ has captured the attention of the cryptocurrency world for all the wrong reasons. People are wondering if the coin, which was recently promoted by TV personality and socialite Kim Kardashian, is all front and no substance.
The suit also named Kim Kardashian, Floyd Mayweather and Paul Pierce as defendants. PCMag.com is a leading authority on technology, delivering lab-based, independent reviews of the latest products and services. Our expert industry analysis and practical solutions help you make better buying decisions and get more from technology. On the CryptoCompare information portal, the value of EMAX is stated in USDT stablecoins, which are roughly equal to the U.S. dollar. Needless to say, it would take a lot of EMAX tokens to buy a cup of coffee.
EthereumMax Recent Tweets
As a result, celebrities such as Kardashian have the power to influence millions of individuals to make uninformed decisions solely based on their admiration, trust and loyalty. With such disclosures, the appeal of investing in the same companies as their favorite celebrities and influencers might be lost if fans realized the only connection between a celebrity and a promoted product was a hefty check. On the other hand, if followers are aware of a “material connection” between a celebrity and an endorsed product, they may be even more inclined to invest. Regardless, the argument remains — the more information disclosed to the investing public, the more educated their decision-making can be. On Monday, it was announced that reality star Kim Kardashian had chosen to settle the lawsuit with the Securities and Exchanges Commission for a reported $1.2 million.
Links provided to third-party sites are also not under Binance’s control. Binance is not responsible for the reliability and accuracy of such third-party sites and their contents. Market cap is calculated by multiplying the asset’s circulating supply with its current price.
However, silencing those voices for simply their airing of grievances is seen as a non-starter, the manager said. A prominent crypto Discord community manager who has worked with multiple high profile Ethereum non-fungible token groups told CoinDesk that the philosophy of “crypto communities” is to unite a group of individuals around a common cause. A CoinDesk reporter searched the EMAX website for information about how to unlock those purported cultural perks with 1 billion EMAX tokens purchased Monday for $5, but was unsuccessful.
Kim Kardashian pumps EMAX
While Kim Kardashian had gone the settlement route and Floyd Mayweather continues to fight, they remain a part of the class action lawsuit which was filed back in January. Comparing EthereumMax’s whitepaper to the similar sounding Ethereum reveals stark differences. Ethereum’s whitepaper is technical, encourages community engagement and contribution, and explains how changes to the protocol are made.
Despite the hefty settlement, Instagram queen Kim—who has 333 million followers on the platform—neither admitted to nor denied the regulator’s charges. The super rich celebs were sued in January for allegedly pumping and dumping an obscure Ethereum-based token. Select your Ethereum as the payment and select the EthereumMax as the coin you want to acquire. The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading. I will soon post further insights in particularly adding additional protocols like Solana, Cardano and various Polka chains.
Any cryptocurrency worth its salt will publish a whitepaper that tells you what problem it plans to solve and how it’s going to do it. For a coin that’s only a month old, Etherem Max has already racked up several celebrity endorsements. Many or all of the products here are from our partners that pay us a commission. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation.
Crypto trader exploits GMX, manipulates AVAX price to remove $565K
New BNB addresses per dayNew ETH addresses per dayHowever Ethereum is more than just its mainnet as more transaction capacity is outsourced to the L2 layers like Polygon. We don’t know whether Pierce and Mayweather were paid for their promotions, but Kardashian certainly was. It is part of the reason why the endorsements had little impact on the price — they simply aren’t credible. Celebrity endorsements aren’t new, but the Musk effect has been unprecedented. The thing is, whatever you may think about Elon Musk and Doge, there’s no evidence he was paid to adopt Doge as his pet coin.
CoinDesk journalists are not allowed to purchase stock outright in DCG. In Monday’s written order, Judge Fitzgerald explained the lawyers representing the investors are “trying to act like” the U.S. Securities and Exchange Commission , the publication conveyed. He added that they “haven’t chosen to view the tokens as a security” and didn’t invoke a standard securities fraud claim in their case. Fitzgerald also noted that the celebrities did not “care to label the tokens as a security for obvious reasons.” The judge said he will issue a final written order later.
- It screams that vision to the world with flashy ads and sidewalk spray paint stencils that implore readers to buy in.
- We’ve found one company that’s positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market — Bitcoin, Dogecoin, and all the others.
- I am trying to start an open source project to provide data insights into blockchain adoption and development activities and would like to encourage everyone who is interested to join the cause.
- The trading volume of Ethereummax is 1,132.21 in the last 24 hours.
- Data is provided by CoinMarketCap, Coinpaprika and TradingView.
If you’re wondering whether celebrities are allowed to promote coins without disclosing their interest, the answer is no. Something Mayweather ought to know since the SEC fined him in 2018 for failing to be open about the crypto money he’d received. More than $63,000 of the tokens traded, the highest single-day volume since March. If EthereumMax’s Twitter is meant to broadcast to the world, then its Discord server is where the projects’ true believers roam. There, some 2,300 members can talk about EthereumMax’s crypto partnerships, its forays into gaming, its price action – pretty much anything – with fellow investors.
Nevertheless also the following queries indicate a high user activity on the BNB Chain. Hi everyone, some weeks ago I did some posts on GitHub repository data to get indications on chain developer activities. I now did some further research on on-chain data and made a statistic on Active Dapp Users per Chain per Day (20.Oct.2022) that I would like to share with you. Specifically, I used the data engines from Footprint.network to make the aggregations.
EMAX is a long-term project with a bold vision, strategic roadmap, and united community to accomplish lofty goals few have ever imagined, let alone conquered – and we plan on doing just that. Change the wallet network in the MetaMask Application to add this contract. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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For example, if you use Metamask wallet, you can go to 1inch to make the transaction. Once you buy your Ethereum, go to your Binance wallet section and look for the Ethereum you purchased. Set the network to Ethereum, provide your wallet address and the amount you want to transfer. Click the withdraw button and wait for your Ethereum to appear in your Metamask.
But instead of buying the tokens from the open market, they burn them. As long as demand for the token remains stable, he said, the price will rise. The SEC on Monday fined Kardashian for shilling EMAX to her 225 million Instagram followers in June 2021 without disclosing she was paid $250,000 to do so. It was one of the biggest financial promotions in history, opined one British finance regulator at the time. If you would like to know where to buy What is EthereumMax at the current rate, the top cryptocurrency exchanges for trading in EthereumMax stock are currently Uniswap , and SushiSwap .
Kim Kardashian Looks Set to Win Investor Lawsuit Over EthereumMax: Report
Kim Kardashian disclosed that she was paid for promoting Ethereum Max — but didn’t tell her followers the exact amount. The SEC did the right thing when it fined her for that oversight. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Powered and implemented by Interactive Data Managed Solutions.
Nearly every cryptocurrency project touts its “community” of investors who believe this token or that NFT will somehow change the world. EthereumMax, whose website promises to “disrupt history,” is no different. It feeds its most accessible community streams of educational and partnership content to keep them engaged.
However, whether or not a particular disclosure is material to a potential investor is a question best answered by the investor in question. The SEC’s existence is predicated on protecting the investing public. To do so, potential investors should receive as much information as possible to assist them in their decision-making. EthereumMax is a progressive ERC-20 token built on the secure Ethereum network and enhanced on the Arbtirum network. Kim Kardashian on Monday said she would pay more than $1 million to settle allegations that she promoted EthereumMax without disclosing she was paid for it. Boxer Floyd Mayweather is reportedly refusing to go down without a fight, and a motion to dismiss has been filed by his attorneys in the Central District of California.