Cryptocurrency market
Amid calls for Welch to face jail time and a real possibility that she could be charged with security fraud, the previously vocal Hawk Tuah Girl has gone pretty quiet. Her team has finally broken its silence with ‘the truth’, but with the latest episode of Talk Tuah being nowhere to be found, it seems Welch has gone to ground spinsamurai1.
The lawsuit names several defendants, including Tuah The Moon Foundation, which managed the proceeds from the token’s sale, OverHere Ltd, the coin’s creator, its executive Clinton So, and Los Angeles-based promoter Alex Larson Schultz. Welch herself is not listed as a defendant.
It took two weeks for Welch to address the fiasco again. On Friday, she posted on X, acknowledging that a class action lawsuit was in motion. But the suit only names Schultz and So, along with overHere and the Caymans-based Tuah the Moon Foundation. “I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community,” Welch 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.” She advised those who had lost money on $HAWK to contact Burwick Law, the firm that filed the suit against Schultz and So, and advertised its services on X in the immediate aftermath of the coin crash.
Cryptocurrency market
Another point that Bitcoin proponents make is that the energy usage required by Bitcoin is all-inclusive such that it encompasess the process of creating, securing, using and transporting Bitcoin. Whereas with other financial sectors, this is not the case. For example, when calculating the carbon footprint of a payment processing system like Visa, they fail to calculate the energy required to print money or power ATMs, or smartphones, bank branches, security vehicles, among other components in the payment processing and banking supply chain.
As compensation for spending their computational resources, the miners receive rewards for every block that they successfully add to the blockchain. At the moment of Bitcoin’s launch, the reward was 50 bitcoins per block: this number gets halved with every 210,000 new blocks mined — which takes the network roughly four years. As of 2020, the block reward has been halved three times and comprises 6.25 bitcoins.
On the flip side, countries like China have moved to heavily clamp down on Bitcoin mining and trading activities. In May 2021, the Chinese government declared that all crypto-related transactions are illegal. This was followed by a heavy crackdown on Bitcoin mining operations, forcing many crypto-related businesses to flee to friendlier regions.
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.
The cryptocurrency market was in the red on Tuesday as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and other digital assets tanked. The crypto market crash happened at the same time as other risk-off events across the global financial market due to higher US treasury yields, a more hawkish Fed, and increased macroeconomic risk.
Explanation: Focusing solely on charts without considering broader market conditions can lead to incorrect conclusions. Market sentiment, news events, and economic factors all play a significant role in price movements.
Best cryptocurrency exchange australia
There are plenty of places to buy crypto, including platforms founded here in Australia or based in locations all around the world. Exchanges headquartered locally are required to register with AUSTRAC and comply with requirements that don’t apply to global platforms. Depending on your goals, this may have some benefits or drawbacks.
In Australia, global crypto brands such as Binance and KuCoin have significantly more trading volume and liquidity than local companies. As such, most Australian crypto exchanges act as brokers, meaning they access larger exchanges’ liquidity to find the best rate for the trading pair.
Digital Surge is a top choice for Australian crypto enthusiasts, especially for those at the beginner to intermediate level. The platform’s design is notably intuitive and user-friendly, complemented by 24/7 live chat support for any assistance needed. With a selection of over 400+ coins, users have access to a wide range of popular cryptocurrencies, as well as numerous emerging altcoins.
With eToro, you can post and comment on the News Feed, exchanging ideas and insights with fellow traders. But that’s not all. eToro takes social trading to the next level by introducing the option to automatically copy the trades of the most successful investors.
Without a doubt, Binance is one of the best crypto exchanges in the world. However, Binance Australia, Binance’s region-specific exchange that is compliant with Australian regulations, is one of the best crypto exchanges in Australia.
