Cryptocurrency shiba inu
Meme coins typically trade based on marketing and hype rather than underlying utility or technology. The SEC advised last month that it doesn’t generally view meme coins as securities, suggesting they may not fall under its regulatory authority https://australia-casino-review.com/150-free-spins/.
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.
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. »
In a now-deleted interview, Welch previously expressed regret over her crypto endeavors. She admitted her knowledge of cryptocurrency was limited and that she didn’t fully understand what she was getting involved with.
On-chain analysts at Bubblemaps claimed that 285 wallets controlled 96% of the HAWK supply, with most of these wallets dumping their tokens for profit. Weeks later, Burwick Law filed a U.S. federal lawsuit on behalf of investors against the creators of the meme coin—and Welch cooperated with the firm.
Cryptocurrency shiba inu
Shiba Inu is an Ethereum-based altcoin (a cryptocurrency other than Bitcoin) that features the Shiba Inu—a Japanese breed of hunting dog—as its mascot. Shiba Inu is widely considered to be an alternative to Dogecoin; in fact, proponents of Shiba Inu have touted it in the past as « the Dogecoin killer. »
When it launched, SHIB was just one of many memecoins (to quote the gentlest possible term used by the crypto community) attempting to hang on to Dogecoin’s coattails. The likes of Baby Dogecoin, JINDO INU, Alaska Inu, and Alaskan Malamute Token, in particular, share certain similarities with SHIB.
Shiba Inu is an Ethereum-based altcoin (a cryptocurrency other than Bitcoin) that features the Shiba Inu—a Japanese breed of hunting dog—as its mascot. Shiba Inu is widely considered to be an alternative to Dogecoin; in fact, proponents of Shiba Inu have touted it in the past as « the Dogecoin killer. »
When it launched, SHIB was just one of many memecoins (to quote the gentlest possible term used by the crypto community) attempting to hang on to Dogecoin’s coattails. The likes of Baby Dogecoin, JINDO INU, Alaska Inu, and Alaskan Malamute Token, in particular, share certain similarities with SHIB.
While looking to expand the utility of SHIB, the development team introduced a metaverse — a virtual reality project powered by non-fungible tokens (NFTs). Here, users can mint parcels of digital lands using ETH or its equivalent amount in SHIB tokens.
Other coins’ teams tried the same thing, and SHIB has certainly had its share of copycats, including BitShiba, Shiba Fantom, Shibalana, King Shiba, SHIBAVAX, Captain Shibarrow, SHIBA2K22, SpookyShiba, and many others.
Cryptocurrency news
The fund, called VBILL, will be initially available on Avalanche, BNB Chain, Ethereum and Solana blockchains, VanEck said in a May 13 statement. The fund’s minimum subscriptions start at $100,000 for investments running on Avalanche, BNB Chain, and Solana, while the minimum subscription on Ethereum is $1 million.
Investment firm VanEck is launching a tokenized real-world asset (RWA) fund that offers exposure to US Treasury bills, developed in partnership with tokenization platform Securitize. The initiative places VanEck among a growing number of traditional finance firms entering the RWA tokenization space.
That decision followed her veto of Senate Bill 1025 — the more ambitious “Arizona Strategic Bitcoin Reserve Act” — on May 3. It would have authorized up to 10% of the state’s treasury and retirement funds to be invested in Bitcoin and other digital assets.
The fund, called VBILL, will be initially available on Avalanche, BNB Chain, Ethereum and Solana blockchains, VanEck said in a May 13 statement. The fund’s minimum subscriptions start at $100,000 for investments running on Avalanche, BNB Chain, and Solana, while the minimum subscription on Ethereum is $1 million.
Investment firm VanEck is launching a tokenized real-world asset (RWA) fund that offers exposure to US Treasury bills, developed in partnership with tokenization platform Securitize. The initiative places VanEck among a growing number of traditional finance firms entering the RWA tokenization space.
That decision followed her veto of Senate Bill 1025 — the more ambitious “Arizona Strategic Bitcoin Reserve Act” — on May 3. It would have authorized up to 10% of the state’s treasury and retirement funds to be invested in Bitcoin and other digital assets.