Netflix Inc., a global video streaming and production company, is set to launch a new reality show called House of Streams on June 18 in the UK and Ireland. The show will feature eight online streamers competing for a special prize: one Bitcoin (BTC). This news has caught the attention of the crypto community. This comes as the flagship crypto is gaining interest beyond finance, reaching the entertainment industry. Bitcoin Prize Reward Raises Eyebrows Unlike most shows that offer cash prizes or sponsored holiday trips, the House of Streams show, backed by the Malta Film Commission, will reward the winner with cryptocurrency. The decision to offer Bitcoin prizes has raised eyebrows with the crypto community. Meanwhile, Netflix has explored crypto themes in past content. This includes Trust No One: The Hunt for the Crypto King and the upcoming The Altruists. However, this is the platform’s first time directly tying a cryptocurrency to a prize. The eight House of Streams contestants will participate in many challenges. Notably, the details of the show have yet to be revealed. The contestants reportedly have a combined following of four million across popular streaming platforms, such as Twitch. Some familiar names already revealed include The Black Hokage, CyborgAngel, and OutplayedByJade. The Fake Token Menace Following the announcement, scammers tried to exploit the show’s buzz. They launched fake tokens using the House of Streams name. In response, the producers issued a warning on May 22, urging viewers to stay cautious and report any suspicious promotions. This malicious act is very common in the crypto industry as scammers do take advantage to impersonate popular events or growing trends. Crypto-Related Crimes Are On The Rise House of Streams is launching during a tense time in the crypto industry. As digital assets become more valuable, high-profile figures are being targeted . In May 2024, a crypto entrepreneur’s father was rescued from a hostage situation in France. The kidnappers had cut off one of his fingers to force access to his son’s wallet. Not long after, French crypto exchange CEO Pierre Noizat faced a similar scare . His daughter and grandson were nearly abducted in a broad daylight attack. Thankfully, authorities fought off the masked assailants with the help of a bystander. In the U.S., a man returning from a crypto event in Las Vegas was kidnapped at gunpoint. Teenagers from Florida forced him into a car, covered his head, and drove him over 70 miles into the Arizona desert. These frightening incidents have sparked urgent calls for better protection for crypto holders and influencers. As the value of digital assets climbs, so too does the risk. The post Netflix Bets Big on Bitcoin with New Reality Show appeared first on TheCoinrise.com .
