Cryptocurrency prices
Miners solve these puzzles and are allowed to create the next block of the blockchain. These new blocks are mined every ten minutes, and miners who create them are rewarded with a certain amount of Bitcoin https://portal-credo.info/banking/visa/. The genesis block had a reward of 50 BTC, however, that reward has halved several times since.
One of the biggest winners is Axie Infinity — a Pokémon-inspired game where players collect Axies (NFTs of digital pets), breed and battle them against other players to earn Smooth Love Potion (SLP) — the in-game reward token. This game was extremely popular in developing countries like The Philippines, due to the level of income they could earn. Players in the Philippines can check the price of SLP to PHP today directly on CoinMarketCap.
Because of the variety of technical features it integrates and the way it connects participants from all corners of the globe, Bitcoin is often considered far more than a simple financial asset or monetary unit.
Hawk tuah girl cryptocurrency lawsuit
Social media star and podcaster Haliey Welch, who rose to viral fame in June for her raunchy “Hawk Tuah” catchphrase, has spoken out for the first time in weeks, after the multimillion-dollar collapse of a Hawk Tuah-themed cryptocurrency memecoin.
“I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community,” she wrote. “I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the truth, hold the responsible parties accountable, and resolve this matter.”
The suit names overHere Ltd., a Web3 crypto launchpad platform that helped facilitate the sale; Clinton So, the company’s founder; the Tuah the Moon Foundation, an entity that allegedly sold an allocation of coins; and Alex Larson Schultz, a musician and crypto promoter.
Sean O’Driscoll is a Newsweek Senior Crime and Courts Reporter based in Ireland. His focus is reporting on U.S. law. He has covered human rights and extremism extensively. Sean joined Newsweek in 2023 and previously worked for The Guardian, The New York Times, BBC, Vice and others from the Middle East. He specialized in human rights issues in the Arabian Gulf and conducted a three-month investigation into labor rights abuses for The New York Times. He was previously based in New York for 10 years. He is a graduate of Dublin City University and is a qualified New York attorney and Irish solicitor. You can get in touch with Sean by emailing s.odriscoll@newsweek.com. Languages: English and French.
Burwick PLLC, which teamed up with law firm Wolf Popper LLC, said that $HAWK’s token market capitalization “surged” to $491 million after launching on Dec. 4, but its “meteoric rise was short-lived, as the $HAWK token’s value plummeted by over 90% within hours, dropping below $100 million.”
Welch then provided a link to a form that affected investors can fill out on the website of cryptocurrency litigator Burwick Law, the firm that is representing the plaintiffs suing the creators of $HAWK.
Hawk tuah girl cryptocurrency
She also discusses the amount of money that was allegedly lost by the coin’s investors. According to Welch, the amount of lost money was initially claimed to be $1.2 million but was actually closer to $180,000.
“She admits that she didn’t know anything about it but decided to endorse it anyway and promote it?” one YouTube comment read. “You should have never attached yourself to something you didn’t understand,” another said.
Haliey Welch, better known as “Hawk Tuah Girl,” is now distancing herself from last December’s failed HAWK memecoin — despite previously calling it a fully compliant, fan-focused token she was proud to launch.
Welch revealed that she received payments for marketing efforts and promotion activities related to the HAWK coin but never made anything from the token itself. She acknowledged that investors lost around £895,338 ($1.2 million) in the botched crypto launch, but around £134,300 ($180,000) was related to her fans, while the rest likely involved scammers.
In the podcast, Welch admitted she didn’t understand that the HAWK token would cause her fans such financial losses. She said it ‘makes me throw up’ that her fans trusted her to have lent her likeness to a meme coin she didn’t fully understand.