Kanye West and Kim Kardashian finalized their divorce on Tuesday, with West agreeing to pay $200,000 a month in child support. TMZ reports that Kardashian and West will have “equal access” to their four children. In addition to child support, West is responsible for 50% of the children’s educational and security expenses. Given recent events, it is reasonable to wonder whether West can actually afford such a financial nut on a monthly basis. Due to his recent antisemitic behavior, West has lost over a billion dollars in net worth and lucrative brand partnerships with GAP, adidas, and Balenciaga. He’s also currently without a record contract, was dropped by his talent agency, and saw a string of planned concerts canceled. Advertisement Related Video Page Six recently reportedly that unless ...
Source: Phillip Faraone / Getty Last week, we reported that Kim Kardashian found herself in a bit of hot water after she posted a photo to Instagram that showed her draped in adidas and Balenciaga around the same time the latter clothing company found itself drowning in hot water over ads that featured a child holding a bear that appears to be draped in BDSM attire, as well documents that appeared to referenced a child porn court case. the brand "Balenciaga" just did a uh….. interesting… photoshoot for their new products recently which included a very purposely poorly hidden court document about 'virtual child porn' normal stuff pic.twitter.com/zjMN5WhZ0s — shoe (@shoe0nhead) November 21, 2022 So @kimkardashian posts a full balenciaga/Adidas look in the ...
HipHopWired Featured Video Source: Rachpoot/Bauer-Griffin / Getty No surprise, Kanye West was a horrible boss, a new Rolling Stone report details, and was pretty sick too. Following a previous scathing report detailing the extremely toxic workplace Ye was running at his company, YEEZY, another damning article from Rolling Stone has surfaced. It sheds more light on the mistreatment of employees. It alleges West repeatedly showed them “hardcore” porn during work hours in an open letter sent to the rapper’s former business partner, adidas. Per Complex: A variety of West’s actions are detailed in an open letter issued Tuesday by former high-ranking Yeezy staff members to the executive board members and CEO of Adidas. Titled “The Truth About Yeezy: A Call to Action for Adidas Leadership,” the l...
Crypto influencers may need to practice what they preach and “do their own research” when it comes to sharing their crypto tips. According to several digital asset lawyers, the popular disclaimer “this is not financial advice” — may not actually protect them in the eyes of the law. United-States-based securities lawyer Matthew Nielsen from Bracewell LLP told Cointelegraph that while its “best practice” for influencers to disclose that “this is not financial advice,” simply saying the term will not protect them from the law as the “federal and state securities laws heavily regulate who can offer investment advice.” Australian financial regulatory lawyer Liam Hennessy, a partner at Gadens, explained that “advice warnings” are “by and large pretty useless,” while Australian digital lawyer Mic...
In less than a week, Terraform Labs founder Do Kwon’s passport will expire. Interpol issued a red notice for Kwon last month, and this month, his assets were reportedly frozen by the South Korean government. Kwon has been tweeting freely in response — and almost always denies the reports. “I don’t know whose funds they’ve frozen, but good for them, hope they use it for good,” he wrote in one message. Playing a game of cat and mouse with both the authorities and the public, Kwon seems to be living a life of freedom while enjoying his internet access. Meanwhile, regulators with the United States Securities and Exchange Commission have been highly vocal in reprimanding Kim Kardashian and other celebrities for shilling assorted cryptocurrency projects. Although they deserve to be rebuked...
The crypto community reacted with a mix of disbelief and amusement after reality star Kim Kardashian was fined for promoting the cryptocurrency EthereumMax (EMAX). The United States Securities and Exchange Commission (SEC) fined Kardashian $1.26 million on Oct. 3, for “touting on social media” about the EMAX without disclosing she was paid $250,000 to post about it. Kardashian has neither admitted to nor denied the SEC’s allegations, but settled the charges and agreed to not promote any cryptocurrency assets until 2025. SEC chairman Gary Gensler tweeted the fine was a reminder that celebrity endorsement of investment opportunities doesn’t “mean those investment products are right for all investors.” Today @SECGov, we charged Kim Kardashian for unlawfully touting a crypto securi...
American socialite Kim Kardashian will pay $1.26 million in penalties for her involvement in the promotion of a cryptocurrency scheme called EthereumMax (EMAX). The United States Securities and Exchange Commission (SEC) announced the charges against Kardashian on Oct. 3 for “touting on social media a crypto asset security offered and sold by EthereumMax” without disclosing the payment received for her promotional involvement. Kardashian has agreed to settle the charges and pay $1.26 million in penalties, disgorgement and interest and is set to cooperate with further investigations by the SEC into the EthereumMax project. The announcement noted that Kardashian failed to disclose a $250,000 payment she had received to publish a post on her Instagram profile promoting EMAX to...
Kim Kardashian has been charged by the Securities and Exchange Commission for unlawful promotion of a crypto currency and agreed to pay a $1.26 million fine. According to the SEC, Kardashian used her social media to tout EMAX tokens, a crypto currency sold by EthereumMax, without disclosing the payment she received for the promotion. “This case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn’t mean that those investment products are right for all investors,” said SEC Chair Gary Gensler in a statement. Advertisement Related Video Kardashian neither admitted to nor denied the SEC’s findings, but “wanted to get this matter behind her to avoid a protracted dispute. The agreement she reached with the SEC allows he...
Watching Kanye West try to empathize can feel like watching a giraffe limbo, but Ye gave it a shot following the death of Queen Elizabeth II. “London, I know how you feel,” he posted on his Instagram Stories. “I lost my queen, too.” West seems to be referencing his messy 2021 divorce from Kim Kardashian, who went on to have a royal rebound with Pete Davidson. Though since he offered no clarification, it’s also possible he’s mourning the loss 15 years ago of his mother Donda West. Either way, the situations aren’t exactly comparable. Elizabeth II reigned in England for over 70 years and forged the monarchy’s post-colonial path with her emphasis on the Commonwealth of Nations. Whatever he meant, the Queen’s death has had a profound effect on West, at least according to West. H...