Recommended Watch: Social media influencers paid thousands to endorse potentially fraudulent cryptocurrency projects
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A CNBC investigation found that some social media influencers are getting paid thousand to promote crypto projects, but regulators warn these influencers could be pedaling frauds. CNBC's Eamon Javers joins 'Squawk Box' with the details. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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https://www.cnbc.com/select/best-cred...
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The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-n...
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Francisco Gimeno - BC Analyst This is not a surprise to anyone of us working in and around crypto. We see how social media popular crypto influencers will point to this or that coin or token or product, as a minimum, 'being interesting' and some times asking followers to purchase it. It makes us wonder where is the border between being an honest influencer which can recommend but with caveats and seriousness, and an influencer which sells their opinion and recommendations to the one who pays more, regardless of the crypto product being well founded or not. In fact this last thing should be considered legally incorrect, even criminal. And this also means that we have to be careful when we find opinions from influencers which don't go together with the words "I am not a professional analyst..." or similar. Basically, it is necessary to get informed. It is even more necessary to develop a sense of discernment on what is true, what is just an opinion, and what it smells like hype and emptiness. We suspect most of you have found this issue in social media.