Cryptocurrency
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 https://taoxoan.info/.
Welch pitched the HAWK cryptocurrency as a community reward for her fan base, but the launch didn’t work as planned. The crypto token price crashed soon after reaching a £373 million ($500 million) market cap, resulting in massive losses for Welch’s fans who invested in the digital asset. Court records showed investors claimed to have lost over £111,917 ($150,000) in the HAWK meme coin.
A lawsuit was filed against the crypto team and its business partners, alleging insider token manipulation. Welch’s association with crypto drew backlash from her massive fan base and US financial regulators. The Hawk Tuah girl disappeared from the internet at the end of 2024 and finally resurfaced after the US Securities and Exchange Commission (SEC) closed its investigation into her.
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.
Pi network cryptocurrency
Pi (PI) is the native cryptocurrency of the Pi Network, designed for use within its ecosystem. It is not yet widely tradable, as the network remains in development and external transactions are restricted until it moves to an open mainnet. Some exchanges have listed PI, but these listings are unofficial and not directly supported by the Pi Network team.
Pi Network is a blockchain-based project that enables users to mine cryptocurrency using their smartphones. Launched in 2019 by Stanford graduates Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, the platform aims to make cryptocurrency mining accessible to a broader audience by allowing users to earn Pi coins simply by tapping a button in the app once every 24 hours. This approach eliminates the need for expensive mining hardware and significant energy consumption typical of traditional cryptocurrencies like Bitcoin.
The live Pi price today is $0.833930 USD with a 24-hour trading volume of $413,454,023 USD. We update our PI to USD price in real-time. Pi is down 1.73% in the last 24 hours. The current CoinMarketCap ranking is #25, with a live market cap of $6,019,859,050 USD. It has a circulating supply of 7,218,665,947 PI coins and a max. supply of 100,000,000,000 PI coins.
Pi (PI) is the native cryptocurrency of the Pi Network, designed for use within its ecosystem. It is not yet widely tradable, as the network remains in development and external transactions are restricted until it moves to an open mainnet. Some exchanges have listed PI, but these listings are unofficial and not directly supported by the Pi Network team.
Pi Network is a blockchain-based project that enables users to mine cryptocurrency using their smartphones. Launched in 2019 by Stanford graduates Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, the platform aims to make cryptocurrency mining accessible to a broader audience by allowing users to earn Pi coins simply by tapping a button in the app once every 24 hours. This approach eliminates the need for expensive mining hardware and significant energy consumption typical of traditional cryptocurrencies like Bitcoin.
Cryptocurrency news
Cryptocurrencies are digital or virtual currencies that use cryptographic methods to secure transactions and control the creation of new units. Unlike traditional fiat currencies, which are issued and regulated by central authorities such as governments or central banks, cryptocurrencies operate on decentralized networks. These networks often employ blockchain technology, a public ledger system that records all transactions transparently and immutably.
Our Crypto news provides comprehensive updates on various aspects of the cryptocurrency and blockchain ecosystem. It includes real-time price movements and market analysis for major cryptocurrencies like Bitcoin and Ethereum, detailing their performance trends and trading volumes. Regulatory developments are also highlighted, covering new laws, enforcement actions, and legal issues impacting the industry, both domestically and internationally. Additionally, news often focuses on technological advancements, such as upgrades to blockchain networks, new cryptocurrency launches, and innovations in decentralized finance (DeFi) and non-fungible tokens (NFTs). This coverage helps investors and enthusiasts stay informed about the dynamic and rapidly evolving world of digital assets.
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