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Unlike some other forms of cryptocurrency, Tether (USDT) is a stablecoin, meaning it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations $3 deposit casino. In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favored by investors who are wary of the extreme volatility of other coins.
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These crypto coins have their own blockchains which use proof of work mining or proof of stake in some form. They are listed with the largest coin by market capitalization first and then in descending order. To reorder the list, just click on one of the column headers, for example, 7d, and the list will be reordered to show the highest or lowest coins first.
Hawk tuah girl cryptocurrency lawsuit
For now, it seems Welch is off the hook, and may even get to keep her sponsorship fee for participating in the $HAWK disaster. As for whether she can get her influencer career back on track, well, she wouldn’t be the first to weather a major crypto scandal — just don’t expect her to dish about it if and when her podcast returns. Curiously enough, Welch’s first public statement since she logged out of the contentious Spaces call in early December has boosted the price of $HAWK, briefly giving it a market cap above $20 million before its value dipped again. The coin is currently worth less than $0.002, but people are still buying and selling it. Further proof that in the blockchain economy, some people just can’t resist the long shot.
However, Welch was not named in the complaint which alleges that the defendants used her social media following to market the coin to ’emphasize community engagement, inclusivity, and bridge mainstream culture with the cryptocurrency world’.
The suit includes a dozen plaintiffs who claim to have collectively lost more than $150,000. It alleges that the defendants “leveraged Welch’s celebrity status and connections” and “created a speculative frenzy” in order to jack up the coin’s price as trading began, luring in “first-time cryptocurrency participants” who were drawn to the project as fans of Welch. The complaint contends that Schultz and So violated securities laws, and even indicated their efforts to skirt those laws on the Spaces call. It notes, too, that $HAWK was never registered with the SEC.
The murky group behind “Hawk Tuah” girl Haliey Welch’s meme coin — which crashed hours after its launch — was sued by investors for failing to register the cryptocurrency, according to court records filed Thursday.
$HAWK launched on December 4 at 5 pm EST. According to analysis from TRM Labs, it had an initial market capitalization of $490. Within a matter of hours, the value plummeted by 91% and the market cap dropped to $41.7 million. About 10 days later, the value of the token was essentially zero.
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.
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