Co-founder and CFO Thoma of Alethena, co-founder and President Caversaccio, co-founder and CEO Hartmann, CSO Rickenbacher and co-founder and COO Glaus pose for a photograph in their office in Bern
Thomson Reuters
By Anna Irrera and Elizabeth Dilts
NEW YORK (Reuters) - When cryptocurrency issuers want positive coverage for their virtual coins, they buy it.
Self-proclaimed social media personalities charge thousands of dollars for video reviews. Research houses accept payments in the cryptocurrencies they are analyzing. Rating "experts" will grade anything positively, for a price.
All this is common, according to more than two dozen people in the cryptocurrency market and documents reviewed by Reuters.
Earlier this year, Ukrainian start-up Hacken was looking to promote its new coin after raising $3 million online in late 2017. Chief Executive Dmytro Budorin and armanipoker his team identified a list of almost 200 cryptocurrency social media personalities they thought could help them, he said.
Special Report: Little known to many investors, cryptocurrency reviews are for sale
por Lara Woolls (01/12/2018)
Co-founder and CFO Thoma of Alethena, co-founder and President Caversaccio, co-founder and CEO Hartmann, CSO Rickenbacher and co-founder and COO Glaus pose for a photograph in their office in BernThomson Reuters
By Anna Irrera and Elizabeth Dilts
NEW YORK (Reuters) - When cryptocurrency issuers want positive coverage for their virtual coins, they buy it.
Self-proclaimed social media personalities charge thousands of dollars for video reviews. Research houses accept payments in the cryptocurrencies they are analyzing. Rating "experts" will grade anything positively, for a price.
All this is common, according to more than two dozen people in the cryptocurrency market and documents reviewed by Reuters.
Earlier this year, Ukrainian start-up Hacken was looking to promote its new coin after raising $3 million online in late 2017. Chief Executive Dmytro Budorin and armanipoker his team identified a list of almost 200 cryptocurrency social media personalities they thought could help them, he said.