The Advertising Standards Council of India (ASCI) has said that more than 400 advertisements pertaining to cryptocurrencies by digital influencers on different social media platforms had violated their guidelines in the first five months of 2022.
Between January and May 2022, ASCI received 453 complaints. Out of them, 419 were found to violate one or more crypto or influencer criteria, with the majority of complaints being made against social media influencers, Economic Times quoted ASCI CEO Manisha Kapoor as saying.
In other news, cryptocurrency exchange Banxa (BNXA) has slashed over 70 staff in preparation for a sharp market decline, according to the Australian Financial Review.
The change affects 30 per cent of the workers at the Melbourne-based business. When the cryptocurrency market reached an all-time high last year, the company’s personnel count soared to over 230.
Furthermore, Klaytn, a Singapore-based public Blockchain platform, and OpenSea, a non-fungible token (NFT)...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...