Cryptocurrency market
Welch and her partners — Alex Larson Schultz, who goes by “Doc Hollywood” online, and Clinton So, whose platform overHere made the $HAWK offering — held an audio Spaces event on X (formerly Twitter) that night, trying to counter allegations of a scam https://best-online-casinos-au.net/. They faced tough questions from investors in the crypto scene and Stephen Findeisen, the YouTuber renowned for investigating crypto fraud under the handle Coffeezilla. Welch herself was almost completely silent for the hour-long conversation as Schultz and So repeatedly denied coordinating a pump-and-dump or “rug pull” scheme in which a cluster of wallets that originally held the vast majority of the overhyped $HAWK unloaded it in a coordinated fashion, leaving other investors with a worthless asset.
Haliey Welch, better known as Hawk Tuah Girl, is pretty much exclusively known for talking but has been silent for more than two weeks following the collapse of the branded memecoin $HAWK. Well, Welch is back—though not in front of a mic. Instead, she’s issued a very lawyerly statement following the news that a class action lawsuit has been filed against the team responsible for $HAWK and its unceremonious but extremely predictable crash.
On Dec. 4, when $HAWK tokens were launched, the meme coin rose to a $490 million market cap, before tanking by 95 percent within minutes to below $100 million. According to reports, investors lost a combined $151,000. The suit also accuses the team of exploiting Welch’s popularity to market the token, claiming insider trading and deceptive promotional practices took place.
The plaintiffs’ attorneys, Wolf Popper LLP and Burwick Law, filed a complaint in which they claim that the defendants used Welch’s celebrity status to create “a speculative frenzy that caused the Token’s market value to spike shortly after launch, reaching a significant market capitalization.”
The group behind social media star Hailey Welch’s memecoin – which dramatically crashed just hours after its launch – are being sued after failing to register the cryptocurrency, according to court records.
Cryptocurrency shiba inu
In January 2023, the Shiba Inu community leadership introduced Shibarium, a layer two blockchain designed to run on top of Ethereum. This update was released to reduce congestion, introduce staking into the ecosystem, lower gas fees, and provide a framework for decentralized applications and Web 3 expansion.
Since SHIB doesn’t yet have a solid use case, unlike many other major cryptocurrencies, it’s difficult to set a fundamental valuation or a floor price for it. The community being sundered could be catastrophic for its price.
After months of sideways trading, SHIB rose sharply on Oct. 2, 2021, from $0.00000766 to $0.00002913 by Oct. 13. Two weeks later, SHIB recorded its current all-time high of $0.000089 on Oct. 28, although the market has since corrected again.
In January 2023, the Shiba Inu community leadership introduced Shibarium, a layer two blockchain designed to run on top of Ethereum. This update was released to reduce congestion, introduce staking into the ecosystem, lower gas fees, and provide a framework for decentralized applications and Web 3 expansion.
Since SHIB doesn’t yet have a solid use case, unlike many other major cryptocurrencies, it’s difficult to set a fundamental valuation or a floor price for it. The community being sundered could be catastrophic for its price.
Cryptocurrency bitcoin price
Another point that Bitcoin proponents make is that the energy usage required by Bitcoin is all-inclusive such that it encompasess the process of creating, securing, using and transporting Bitcoin. Whereas with other financial sectors, this is not the case. For example, when calculating the carbon footprint of a payment processing system like Visa, they fail to calculate the energy required to print money or power ATMs, or smartphones, bank branches, security vehicles, among other components in the payment processing and banking supply chain.
A ledger isn’t a revolutionary concept, but it is required as a record of transactions within a financial system. The fact that the ledger used by BTC is publicly distributed marks a significant departure from the traditional financial system.
The very first cryptocurrency was Bitcoin. Since it is open source, it is possible for other people to use the majority of the code, make a few changes and then launch their own separate currency. Many people have done exactly this. Some of these coins are very similar to Bitcoin, with just one or two amended features (such as Litecoin), while others are very different, with varying models of security, issuance and governance. However, they all share the same moniker — every coin issued after Bitcoin is considered to be an altcoin.
Another point that Bitcoin proponents make is that the energy usage required by Bitcoin is all-inclusive such that it encompasess the process of creating, securing, using and transporting Bitcoin. Whereas with other financial sectors, this is not the case. For example, when calculating the carbon footprint of a payment processing system like Visa, they fail to calculate the energy required to print money or power ATMs, or smartphones, bank branches, security vehicles, among other components in the payment processing and banking supply chain.
A ledger isn’t a revolutionary concept, but it is required as a record of transactions within a financial system. The fact that the ledger used by BTC is publicly distributed marks a significant departure from the traditional financial system.
The very first cryptocurrency was Bitcoin. Since it is open source, it is possible for other people to use the majority of the code, make a few changes and then launch their own separate currency. Many people have done exactly this. Some of these coins are very similar to Bitcoin, with just one or two amended features (such as Litecoin), while others are very different, with varying models of security, issuance and governance. However, they all share the same moniker — every coin issued after Bitcoin is considered to be an altcoin.