Fun

News Feed - 2023-08-29 06:08:02

Turner Wright2 hours agoBitBoy Crypto brand will no longer include YouTuber Ben ArmstrongThe crypto influencer brand had a reach of more than 3.3 million followers at the time the company announced Ben Armstrong would no longer be affiliated with “BitBoy Crypto."2111 Total views15 Total sharesListen to article 0:00NewsJoin us on social networksThe parent of Hit Network, which controls the “BitBoy Crypto" brand, has cut ties with its public face, Ben Armstrong, citing issues surrounding substance abuse and financial damage to employees.


In an Aug. 28 announcement on YouTube and social media channels, a spokesperson said the company had reached its decision following efforts to assist Armstrong “during his relapse into substance abuse,” expressing regret for the end of the business relationship. The firm claimed Armstrong had inflicted “emotional, physical and financial damage” on Hit employees and others in the space.Yesterday, BJ Investment Holdings, the parent company of Hit network, took decisive legal action in removing Ben Armstrong from the company, and specifically the Bitboy Crypto brand. https://t.co/e0kYLKUZ4r— Bitboy Crypto (@Bitboy_Crypto) August 28, 2023


The announcement did not elaborate on any incidents that may have led to the end of the business relationship with Armstrong. The crypto YouTuber had been involved in a class-action lawsuit in which investors claimed Armstrong and other influencers allegedly promoted FTX without revealing compensation from the exchange.


Amid the lawsuit, court filings suggested Armstrong issued threats against lawyers representing the plaintiffs and openly mocked a federal judge’s authority by not appearing in court as ordered. The case was stayed on June 16.


Using his platform with more than 1 million followers on X (formerly Twitter) and YouTube subscribers, Armstrong insulted high-profile figures, including European Central Bank President Christine Lagarde and United States Securities and Exchange Commission Chair Gary Gensler. In August 2022, he filed a defamation suit against YouTuber Erling Mengshoel Jr., also known as "Atozy," but dropped the case after Mengshoel Jr. raised more than $200,000 for his defense.


Related:Former SEC chief warns influencers about prosecution for crypto price manipulation


Many X and YouTube users reacted with support for Armstrong following the Aug. 28 announcement, expressing concern with the future of the "BitBoy Crypto” brand without its most recognizable face. Armstrong launched his YouTube channel in February 2018, and as of August 2023, the BitBoy Crypto brand had a total social reach of more than 3.3 million followers. I remember when I first got into crypto... I was still trading on coinbase, I listened to bitboy tell me what coins to buy, and my charts were so full of indicators I could hardly see the candlesticks.

It"s crazy how fast things can change in three days.— lastbloc (@lastbloc) August 28, 2023


It’s unclear if Armstrong’s previous legal entanglements may have contributed to the company cutting ties with him. Many authorities worldwide have been targeting crypto influencers for promoting allegedly fraudulent projects following the collapse of FTX.


Magazine:Get your money back: The weird world of crypto litigation# Law# Business# YouTube# Social Media# FTXAdd reactionAdd reactionRead moreWhat is profit and loss (PnL) and how to calculate itThe future of BTC mining and the Bitcoin halvingThe bright side of Evergrande’s collapse? More crypto volatility

News Feed

Precious Metals Rally but Are Gold Bugs Secretly Holding Bitcoin?
Gold stocks are on a tear. So much so that one analyst believes that they are about to become the next FAANG stocks, the latter of which represent high-flying tech companies that have been fueling much of the stock marke
Argentina Government Refuses to Pay $4M Bitcoin Ransom to Hackers Who Paralyzed Its Borders
Argentina Government Refuses to Pay $4M Bitcoin Ransom to Hackers Who Paralyzed Its BordersThe government of Argentina has reportedly refused to pay a $4 million bitcoin ransom dema
Globant Survey: Most Gamers Believe Metaverse Will Change the Gaming Industry Positively
Globant Survey: Most Gamers Believe Metaverse Will Change the Gaming Industry Positively A survey published by Globant, a software development firm, and Yougov, found that most gam
Crypto Scam Websites Attracted Millions of Indians Last Year, Chainalysis Says
Crypto Scam Websites Attracted Millions of Indians Last Year, Chainalysis Says Indians visited crypto scam websites nearly 10 million times last year, according to blockchain data
DeFi bull market confounds expectations with RWAs and ‘recursive airdrops’
Robert D. Knight10 hours agoDeFi bull market confounds expectations with RWAs and ‘recursive airdrops’Industry figures assess the state of decentralized finance in 2024 and whether it is developing as expected.641 To
Onchain Ethereum Fees Remain Low Ahead of the Merge, 4 L2 Networks Offer Transfers Below a Nickel
Onchain Ethereum Fees Remain Low Ahead of the Merge, 4 L2 Networks Offer Transfers Below a Nickel With just over two weeks until The Merge, Ethereum network fees have reduced signi
CrowdStrike stock falls another 13% on Monday, days after global IT outage
Martin Young4 hours agoCrowdStrike stock falls another 13% on Monday, days after global IT outage“We are likely to experience similar incidents,” said Binance CSO Jimmy Su in the wake of the global computer outage.11
LABS Enters the NFT Market – The Real Estate Market Game Changer
LABS Enters the NFT Market - The Real Estate Market Game Changer sponsored LABS Group, the first end-to-end crowdfunding service in the blockchain and real estate
Global Charity Organization Launches Crypto-Based Vouchers for Vulnerable Groups in Kenya, Ecuador
Global Charity Organization Launches Crypto-Based Vouchers for Vulnerable Groups in Kenya, Ecuador The global charity organization, CARE, has created crypto-base
Another 3 BTC Jackpot Won at Bitcoin.com Games, Over 15 Players 10x Their Deposits Just This Month
Another 3 BTC Jackpot Won at Bitcoin.com Games, Over 15 Players 10x Their Deposits Just This Month A lucky player wins a 3 bitcoin jackpot on a newly released live casino game at B
Arijit Sarkar13 hours agoScammers prefer banking customers over crypto investors in Ireland: ReportTo date, Irish authorities managed to recover approximately 4 million euros of the 20 million euros lost in banking scams
Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite
Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite The English singer, songwriter, and former Black Sabbath frontman, Ozzy Osbourne, has revealed he