Elon Musk makes an about-turn as Kim Kardashian gets sued

adbank blog
Published in
3 min readOct 19, 2022


This blog highlights the latest news in the crypto space

After pulling out of the $44 billion Twitter deal, Elon Musk through a letter by his lawyers now proposes to proceed with the Twitter acquisition. In a filing, Musk’s lawyers said Twitter failed to respond to requests for information about fake or spam accounts. Musk’s legal team sensed that the ruling would not be in their favour.

Elon Musk’s concern points to a problem that Adbank solves. There is inadequate transparency in social media advertising. Most of the social media traffic is generated by bots. The Beta Partner (Blade Self-serve platform), a blockchain solution for growing social media, guarantees real followers, subscribers, or viewership that is transparent, verifiable, and by KYC-verified Blade users.

For failing to disclose that she was paid $250,000U to promote a cryptocurrency, Kim Kardashian has been slapped with a $1.26m charge by the US Securities and Exchange Commission (SEC). The Federal securities laws are clear that any celebrity or other individual who promotes a crypto asset security must disclose the nature, source, and amount of compensation they received in exchange for the promotion. Transparency in the promotion of not only crypto products but all products should be encouraged so that consumers can make informed choices.

Japan has been promoting investments that enhance digital tech such as by providing tax incentives. The country will support efforts that expand the use of Web3 and utilize metaverse and NFTs. Our tech team is working on Blade Web3 version. Keep accumulating free crypto with the Blade app by performing simple tasks on the task marketplace.

Information is power. We aim to empower our community with crypto and blockchain information. More developments are happening all over the world to provide learning opportunities in the burgeoning space. Waves, a top 50 crypto company will be offering free training in cryptocurrencies. Waves was founded by Sasha Ivanov, a Ukrainian entrepreneur and a leader in the blockchain sector. Others in the offing include targeted training for students at the US historically black colleges and universities (HBCU). Follow our social media accounts for timely updates.

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Stay tuned for upcoming developments. Coming soon…