Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Crypto influencers"


4 mentions found


A parade of powerful legal minds has gathered over the last three weeks at the criminal trial of Sam Bankman-Fried, the disgraced cryptocurrency mogul. A prolific YouTuber with a channel devoted to crypto, Taco, 39, has become an unlikely staple in the crowd of lawyers, reporters and curious observers who line up every morning before sunrise to get a seat at Mr. Bankman-Fried’s trial in downtown Manhattan. “Everyone talks about how important crypto is to them,” Taco said. “But then they don’t go to any events.”Taco declined to reveal his real name, citing privacy concerns. But he said he felt compelled to show up for “technically sort of like the trial of the century.”
Persons: Sam Bankman, Damian Williams, Robert Mueller III, Donald J, Taco, Bankman, regaling, ” Taco, I’m, Organizations: Trump, Mr Locations: Manhattan
Crypto influencers seized on BlackRock's application to launch a bitcoin exchange-traded fund. Some said it sends a bullish sign to the wider crypto market; others spread conspiracy theories. The attention underscores the relatively new scrutiny BlackRock faces in the mainstream. "So BlackRock, Citadel, Deutsche Bank and NASDAQ have all started to enter the crypto space in the last week. Citadel, BlackRock, Schwab JPMorgan…" (These tweets refer to Citadel, the hedge fund founded and led by billionaire Ken Griffin.
Persons: Crypto influencers, BlackRock, Matt Hougan, Michael Novogratz, Brian Armstrong, Morgan Chittum, permissioned blockchains, Fink, bitcoin, Crypto, They've, Schwab JPMorgan …, Ken Griffin, Griffin, That's, Rich Latour, Latour Organizations: BlackRock, Morning, US Securities and Exchange Commission, Coinbase, Bitwise Asset Management, Galaxy Digital, SEC, Citadel, Deutsche Bank, NASDAQ, Citadel Securities Locations: bitcoin, BlackRock, cryptoland
Bitcoin's price has rallied, up by 30% since its December low. This reduces the number of new coins being created, which tightens supply and kicks up demand, sending bitcoin's price spiking. He added that a real bull rally will only kick off within six months of the next bitcoin halving. Since market trading volume has been low relative to 2021, it doesn't take much to push the market in any direction, he said. Bitcoin's price plunged by 3.4% that afternoon before slightly recovering on Thursday.
Together, these revenue streams mean cryptocurrency influencers profit off their viewers no matter which way the market turns. Of course, crypto YouTube is a far cry from the regulated world of traditional finance. Armstrong told the Post that he made "maybe close to a million" from before dropping sponsored content in January 2022. A price list leaked by ZachXBT appears to show that dozens of small crypto influencers also have menus for similar undisclosed deals. But with little regulatory oversight, crypto influencers show little sign of slowing down — despite the precipitous decline of the crypto market.
Total: 4