Cryptocurrency market
Haliey Welch, who catapulted to internet fame after a street interview in which she detailed an oral sex technique, has apologized for her role in the Hawk Tuah meme coin scandal gambling a sin. She added that her silence since the incident was part of a “much-needed” mental health break.
Scott Armstrong was reacting to online comments by Welch, an internet personality, after the crash of the Hawk Tuah memecoin, which lost more than 95 percent of its value in a single day when it was launched on December 4. A memecoin is a type of cryptocurrency that is typically launched on the back of a popular internet meme or recurring joke.
‘Copy and pasting: Hawkanomics: Team hasn’t sold one token and not 1 KOL was given 1 free token We tried to stop snipers as best we could through high fee’s in the start of launch on @MeteoraAG. Fee’s have now been dropped,’ she posted.
Hawk tuah girl cryptocurrency
“It was one of those things that just happened, and I feel sorry for everybody that just lost money,” Welch told Vanity Fair in a recent interview. “You got to be really careful what you tie your name to, and you definitely need to know what you’re getting yourself into when you agree to do it. That’s something I definitely should have done beforehand.”
But after HAWK’s Wednesday launch on the Solana blockchain, the coin’s price dropped sharply in a matter of hours, triggering widespread criticism from crypto traders and some online who said they invested in the memecoin.
The internet influencer and host of the Talk Tuah podcast said that the scandal badly affected her mental health—but not as much as when she first blew up on the internet following the street interview.
“Unfortunately with situations like this, they’re not targeting crypto bros, they’re mostly targeting actual fans who have never been involved in the crypto space before,” he said in a video viewed more than 1.4 million times.
22-year-old Haliey Welch has been on a wild ride since she went viral for her NSFW ‘Hawk Tuah’ clip online. After she was suddenly hit with fame, she soon decided to use this to start her social media career.
Some fans would go on to claim that they’d ‘lost their life savings’ after investing in her coin, and Welch confirmed that she was working with the authorities to help her fans and to get to the bottom of the issue.
What is cryptocurrency
Many cryptocurrencies were created to facilitate work done on the blockchain they are built on. For example, Ethereum’s ether was designed to be used as payment for validating transactions and opening blocks. When the blockchain transitioned to proof-of-stake in September 2022, ether (ETH) inherited an additional duty as the blockchain’s staking mechanism. The XRP Ledger Foundation’s XRP is designed for financial institutions to facilitate transfers between different geographies.
Jordan Kelley, founder of Robocoin, launched the first bitcoin ATM in the United States on 20 February 2014. The kiosk installed in Austin, Texas, is similar to bank ATMs but has scanners to read government-issued identification such as a driver’s license or a passport to confirm users’ identities.
Cryptocurrencies are digital assets that are secured by cryptography. As a relatively new technology, they are highly speculative, and it is important to understand the risks involved before investing.
The rest of MiCA came into force as of 30 December 2024, covering crypto-assets other than ART and EMT and CASPs. MiCA excludes crypto-assets if they qualify as financial instruments according to ESMA guidelines published on 17 December 2024 as well as crypto-assets that are unique and not fungible with other crypto-assets.
On 6 August 2014, the UK announced its Treasury had commissioned a study of cryptocurrencies and what role, if any, they could play in the UK economy. The study was also to report on whether regulation should be considered. Its final report was published in 2018, and it issued a consultation on cryptoassets and stablecoins in January 2021.
