Pi network cryptocurrency
In the lawsuit filed Thursday against the $HAWK creators in New York District Court, investors accused overHere Ltd, its founder Clinton So, social media influencer Alez Larson Schultz and the Tuah The Moon Foundation of fraudulently selling Welch’s celebrity memecoin, per Hollywood Reporter https://self-publishinghelp.com/.
The investors are now suing the company Tuah The Moon Foundation, which was used to take in the money received from the sale of the memecoin. The investors are also suing the company’s chief financial backers, listed as Hong Kong-based Overhere Ltd., its chief executive, Clinton So, and a Los Angeles-based online promoter, Alex Larson Schultz.
Welch became famous after she was filmed by YouTube creators using the onomatopoeic phrase “hawk tuah” to describe a spitting action used in a sexual context. She has since transformed her newfound fame into a successful merchandise line and the podcast Tuah Talk, where she has interviewed musician Wiz Khalifa and Shark Talk investor Mark Cuban.
Cryptocurrency
Price volatility has long been one of the features of the cryptocurrency market. When asset prices move quickly in either direction and the market itself is relatively thin, it can sometimes be difficult to conduct transactions as might be needed. To overcome this problem, a new type of cryptocurrency tied in value to existing currencies — ranging from the U.S. dollar, other fiats or even other cryptocurrencies — arose. These new cryptocurrency are known as stablecoins, and they can be used for a multitude of purposes due to their stability.
Despite these risks, cryptocurrencies have seen a significant price leap, with the total market capitalization rising to about $2.4 trillion. Despite the asset’s speculative nature, some have created substantial fortunes by taking on the risk of investing in early-stage cryptocurrencies.
Crypto can be a good investment for someone who enjoys speculating and can financially tolerate losing everything invested. However, it is not a wise investment for someone seeking to grow their retirement portfolio or for placing savings into it for growth.
Price volatility has long been one of the features of the cryptocurrency market. When asset prices move quickly in either direction and the market itself is relatively thin, it can sometimes be difficult to conduct transactions as might be needed. To overcome this problem, a new type of cryptocurrency tied in value to existing currencies — ranging from the U.S. dollar, other fiats or even other cryptocurrencies — arose. These new cryptocurrency are known as stablecoins, and they can be used for a multitude of purposes due to their stability.
Despite these risks, cryptocurrencies have seen a significant price leap, with the total market capitalization rising to about $2.4 trillion. Despite the asset’s speculative nature, some have created substantial fortunes by taking on the risk of investing in early-stage cryptocurrencies.
Top cryptocurrency
Even though market cap is a widely used metric, it can sometimes be misleading. A good rule of thumb is that the usefulness of any given cryptocurrency’s market cap metric increases in proportion with the cryptocurrency’s trading volume. If a cryptocurrency is actively traded and has deep liquidity across many different exchanges, it becomes much harder for single actors to manipulate prices and create an unrealistic market cap for the cryptocurrency.
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.
In January 2024 the SEC approved 11 exchange traded funds to invest in Bitcoin. There were already a number of Bitcoin ETFs available in other countries, but this change allowed them to be available to retail investors in the United States. This opens the way for a much wider range of investors to be able to add some exposure to cryptocurrency in their portfolios.