Crypto

Mega millions – concern over unregulated crypto commercials

Published

1 year ago

April 4, 2022

William Howard

With ads for cryptocurrency trading continuing to pop up on billboards and sporting arenas right around the world, there are growing concerns for the unregulated sector.

Hundreds of millions of dollars being poured into advertising campaigns, in a bid to “normalise” the digital sphere.

Crypto.com’s CEO told The Age sport is particularly appealing because it allows the company to connect with lots of normal, everyday people at one time.

But consumer advocates warn the “mainstreaming” of crypto trading apps is worrying.

Singapore-based Crypto.com has recently launched a massive campaign in every corner of the globe, vying to become the most recognised trading platform.

https://t.co/6ywYxLlTol is the company responsible for making the crypto use more popular, it's officially the sponsor for the World Cup.
This announcement creates a huge proportion to the market of digital assets, for being in one of the most famous competitions in the world. pic.twitter.com/TJbxCkNnVF
— FINBY JUICE COIN (@juicecoins) April 3, 2022

In 2021, the company paid more than US $700 million to change the name of the Los Angeles arena once known as Staples Centre, to the Crypto.com arena.

The app was also one of four major sponsors of the recent Oscars ceremony.

This all has experts concerned about the way companies are trying to appeal to mainstream audiences who likely have a minimal understanding of crypto.

Related Topics:Business crypto Politics sport trending

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Crypto

Why is the world’s largest crypto exchange battling U.S. regulators?

Published

4 months ago

June 15, 2023

ticker NEWS

U.S. regulators have filed charges against Binance, the world’s largest crypt exchange

Is the idea of a financial world that operates outside of the global banking system and eludes the reach of regulations a possibility or a pipe dream?

The Securities and Exchange Commission has filed 13 charges against the Bianace, world’s largest crypt exchange and its billionaire founder, Changpeng Zhao.

The SEC alleges that the crypto exchange worked to attract U.S. customers to its unregulated international exchange, commingled investor funds with their own and violated securities laws.

In addition, the SEC is also alleging that Binance and Zhao used market-making companies—that they controlled—to inflate trading prices and profit from of their customers.

Zhao has publicly dismissed the allegations.

Stefan Rust, the former CEO of Bitcoin.com joins us to discuss. #crypto #cryptocurrency #StefanRust #veronicadudo #Binance #ChangpengZhao

Crypto

Is the metaverse the future of social network?

Published

4 months ago

May 30, 2023

ticker NEWS

U.S. firms like Meta, the parent company of Facebook and Microsoft are going all in on the metaverse. Meanwhile, Chinese companies appear to be taking a more cautious approach amid tighter regulation.

#metaverse #china #unitedstates #tech #veronicadudo #ozsultan #crypto

Crypto

Who will win the global metaverse race?

Published

4 months ago

May 30, 2023

ticker NEWS

China is looking to invest in the metaverse market as numerous cities rollout policy proposals.

Technology continues to change our lives forever.

As new advancements are released to the public—safety continues to be a major concern.

People are interacting with computers in a different way, with the word Metaverse becoming a buzzword in both the tech and business industries.

While the term, “metaverse” is broad, it refers to a set of digital spaces online—including 3D—that allows people to do many things from socializing and learning to interacting and collaborating.

Analysts say it’s the next evolution in social connection and the successor to the mobile internet.

According to Morgan Stanley, the metaverse market could be worth $8 trillion in the future.

China’s technology giants are investing in the metavese and recently, numerous Chinese cities have announced policy proposals to attract and support metaverse companies.

This comes after tense year of regulatory scrutiny on the countries tech sector.

The Chinese city of Zhengzhou recently announced a series of policy proposals to support metaverse companies operating in the region.

The initiative involves the municipal government establishing a nearly $1.5 billion dedicated fund in an effort to foster growth and development in the industry.

So, is the metaverse taking the world by storm?

Oz Sultan from the Sultan Interactive Group joins us to discuss. #china #metaverse #veronicadudo #ozsultan #regulation #crypto #tech