Blogs

Kim Kardashian has agreed to pay a $1.26 million fine after federal regulators said she unlawfully promoted a cryptocurrency on Instagram without disclosing the sum she was paid for the promotion, Securities and Exchange Commission officials announced Monday morning.

Federal regulators said the reality TV star failed to disclose she was paid $250,000 to publish an Instagram post about EMAX tokens, a crypto asset offered by EthereumMax.

She shared the post in June last year, asking her millions of followers: “ARE YOU INTO CRYPTO??? THIS IS NOT FINANCIAL ADVICE BUT SHARING WHAT MY FRIENDS JUST TOLD ME ABOUT THE ETHEREUM MAX TOKEN.”

The post included a link to EthereumMax’s website, which had instructions for potential investors to purchase EMAX tokens, the SEC statement said.

In doing so, she violated the anti-touting provision of federal securities law, it said.

Kardashian agreed to pay $1.26 million in penalties, which includes her promotional payment & to cooperate with the commission's investigation “without admitting or denying the SEC’s findings.”

She also agreed to not promote any crypto assets for 3 years, according to officials.

“This case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn’t mean that those investment products are right for all investors,” SEC Chair Gary Gensler said. “We encourage investors to consider an investment’s potential risks & opportunities in light of their own financial goals.”

An attorney for Kardashian said the star is “pleased to have resolved this matter with the SEC.”

#kimkardashian #kimkardashian1milliondollarfine #kimkardashianscryto #kimkardashiansecfine #crypto #cryptocurrency #kimkardashianfinedbysec #sec #securitiesandexchangecommission #kimkardashainig #promotion #settlement #cryptoassets #investors #kanyewest #kendalljenner #khloekardashian #krisjenner #kourtneykardashian #travisbarker #kyliejenner #travisscott #devinbooker #tristanthompson #investments #onemilliondollars

Source: NBC News

Follow Me

Video After The Jump

Brownlucci and Kwervo Films are back at it again with another cinematic visual!! This time for “Penitencia.” Producer Save One provides the soundscape, while Brownlucci & Hierba Fresca team up on the track to deliver a seriously soulful and thought provoking vibe.

The video for “Penitencia” asks the viewer to question and self reflect in this short story about righteousness and justice.

“Penitencia” will be released as a single by multi-national label Sekta Recordings, and will be available in Brownlucci’s Bandcamp catalogue, and on all major digital streaming outlets soon.

Sekta Recordings Presents: “Penitencia”

Mixed & Mastered by Brillo Beats

Follow Brillo Beats @brillobeats
Instagram: https://www.instagram.com/brillobeats/

Filmed & Directed by Kwervo Films

Follow Kwervo Films @kwervofilms
Instagram: https://www.instagram.com/kwervofilms/

Written and Performed by Brownlucci and Hierba Fresca

Follow Brownlucci @get.loochi
Instagram: https://www.instagram.com/get.loochi/

Follow Hierba Fresca @hierba_akafreinzee
Instagram: https://www.instagram.com/hierba_akafreinzee/

Produced by: Savo One at Beetle Studios

Follow Save One @saveone773
Instagram: https://www.instagram.com/saveone773/

Follow Beetle Studios @beetlestudios
Instagram: https://www.instagram.com/beetlestudios/

Follow PaperChaserDotCom @PaperChaserDotCom
Instagram: https://www.instagram.com/paperchaserdotcom/
Twitter: https://twitter.com/PaperChaserBlog
Facebook: https://www.facebook.com/Paperchaserdotcom/
Website: https://www.paperchaserdotcom.com/

#BrownLucci #HierbaFresca #Penitencia

Follow Me

Arut Nazaryan’s life has been one to watch. He has achieved significant success in the crypto sector, having contributed to the growth of the community also. The businessman and cryptocurrency advisor has also been able to live the life of a musician, specializing in hip-hop and rap.

Arut’s career can be considered notable due to the extraordinary achievements he has earned during the course of his career. A job profile that is as diverse as Arut’s is not easy to manage, but somehow, he always seems to make it work and even makes it look easy. At 33, he has certainly earned enough money through his ventures in bitcoin to be noteworthy. He is married to Christina Aminova and has two children with her. “My focus in life was only achieved through the intervention of my wife. Without her, it would have been difficult to go and seek out my own passion. I like music, but between work and family, I was never able to truly explore the musical aspects of my life. But thanks to Christina, I was able to move forward and try out my career as a rapper. I am grateful that I did because it turns out that I am actually good at it,” said Arut.

Today, he is the youngest and wealthiest businessman in Uzbekistan and has also been mentioned in the Forbes List of 30 Under 30. He is also a TEDx Speaker and is currently the CEO and cofounder at Bistox Exchange. “I am well-known in the crypto community because I came up with some amazing ideas to contribute to the community, as well as to help them engage with everyone at large,” said Arut. In one year, he was able to lead his ambitious team to found a crypto exchange, a gaming platform so that everyone could engage in it, an analytical YouTube Channel where he engages in discourse and shares a variety of cryptocurrency tips and suggestions, a production company, and last but not least, an investment fund. All these accomplishments and more have made him a darling in the crypto community.

For Arut, the world of cryptocurrency has amazing opportunities. Aside from the benefits of being in the bitcoin market, Arut has had first-hand experience of the type of creative ventures one can start in the crypto field. For Arut Nazaryan, cryptocurrency is the big picture.