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  4. Celebrity Endorsements in Cryptocurrency Have Backfired in 2022
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Celebrity Endorsements in Cryptocurrency Have Backfired in 2022

Bloomberg reports that most celebrity crypto endorsements have backfired.Celebrities face huge losses and expensive lawsuits.Several sportspersons have jumped on the crypto...
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Celebrity Endorsements in Cryptocurrency Have Backfired in 2022 Celebrity Endorsements in Cryptocurrency Have Backfired in 2022

  • Bloomberg reports that most celebrity crypto endorsements have backfired.

  • Celebrities face huge losses and expensive lawsuits.

  • Several sportspersons have jumped on the crypto bandwagon.

According to a Bloomberg story, the collapse of cryptocurrency has affected not just retail traders but numerous celebrity endorsers. The report said that nearly all endorsers had experienced financial losses or pricey lawsuits.

Matt Damon was one of the first widely recognized figures to support cryptocurrency publicly. His efforts on behalf of the Crypto.com exchange transpired when the bull cycle was at its peak. Since the ads began airing, the value of cryptocurrencies has dropped by more than 70%.

In March, Paris Hilton did a celebrity DJ set on The Sandbox metaverse platform. Since then, both the platform’s popularity and the value of its SAND coin have plunged. Meanwhile, Kim Kardashian was sued in January for allegedly promoting the cryptocurrency fraud EthereumMax on her Instagram account.

Actress and “Legally Blonde” star Reese Witherspoon’s December 2021 statement that “crypto was here to stay” is another example of a celebrity endorsement that backfired. The Hello Sunshine media firm she founded also partnered with the World of Women NFT group in February. Prices for NFTs have dropped by about 75% since then.

The post Celebrity Endorsements in Cryptocurrency Have Backfired in 2022 appeared first on Coin Edition.

See original on CoinEdition

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

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↑ Sell

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EUR/USD

1.0658

-0.0008 (-0.07%)

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GBP/USD

1.2475

-0.0015 (-0.12%)

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USD/JPY

157.91

+0.12 (+0.07%)

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↑ Buy

Moving Avg:

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Indicators:

Buy (9)

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AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

Neutral

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USD/CAD

1.3780

+0.0003 (+0.03%)

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EUR/JPY

168.32

+0.10 (+0.06%)

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EUR/CHF

0.9808

+0.0001 (+0.01%)

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Gold Futures

2,295.80

-7.10 (-0.31%)

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Silver Futures

26.677

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Copper Futures

4.5305

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Crude Oil WTI Futures

81.14

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Brent Oil Futures

85.62

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Natural Gas Futures

1.946

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US Coffee C Futures

213.73

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Euro Stoxx 50

4,920.55

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S&P 500

5,035.69

-80.48 (-1.57%)

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DAX

17,921.95

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FTSE 100

8,144.13

-2.90 (-0.04%)

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Hang Seng

17,763.03

+16.12 (+0.09%)

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US Small Cap 2000

1,973.05

-42.98 (-2.13%)

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IBEX 35

10,854.40

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BASF SE NA O.N.

49.155

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Bayer AG NA

27.35

-0.24 (-0.87%)

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Allianz SE VNA O.N.

266.60

+0.30 (+0.11%)

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Adidas AG

226.40

-5.90 (-2.54%)

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Deutsche Lufthansa AG

6.714

-0.028 (-0.42%)

Summary

Neutral

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Siemens AG Class N

175.90

-1.74 (-0.98%)

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Deutsche Bank AG

15.010

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
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SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
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SJC 99%7,196/ 7,396
(0/ 0) # 386
Cập nhật 01-05-2024 10:45:19
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Cập nhật lúc 10:45:15 01/05/2024
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