![]() (When the crypto market was better, you could find Jimmy Fallon and Paris Hilton showing off NFTs on late night TV, or Post Malone and the Weeknd dropping crypto references into a music video.) The era of famous people endorsing crypto apps is likely over for the foreseeable future, White added via email. “This stigma is leaving them facing high scrutiny from regulators and Congress … so the decline in ad spending is prudent.” ![]() “The FTX collapse has left a stigma on the industry, even though much of FTX’s alleged fraud is what I would refer to as plain vanilla fraud,” said Josh White, an assistant professor of finance at Vanderbilt University and a former financial economist at the Securities and Exchange Commission. Perhaps the most visible example of crypto’s fallen prestige, however, is the spectacular downfall of FTX, the same crypto exchange David (of HBO’s “Curb Your Enthusiasm” fame) framed last time around as a turning point in human civilization.įTX filed for bankruptcy in November, and its ex-Chief Executive Sam Bankman-Fried - once seen as a wunderkind - now sits under house arrest while facing federal money laundering and fraud charges. While finding a tasty burger there is no problem, paying for it with crypto is another story. ![]() ![]() Technology and the Internet Inside the crypto restaurant after the crypto crashīored & Hungry is a magnet for fans of Bored Ape NFTs and other crypto projects. ![]()
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