Cryptocurrency
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 https://astreetcarnamedhyundai.com/.
Welch and the team at overHere Ltd, which was responsible for creating the $HAWK coin, hopped on a Twitter Spaces stream on the night of the launch to try to explain what happened. It went…poorly. Crypto scam reporter and YouTuber Coffeezilla got on the mic and called out the creators for allegedly selling a sizable chunk of the tokens to insiders before launch while only releasing 3% to the public for trading as well as paying themselves high transaction fees. The result looked a lot like a rug pull that saw a bunch of Hawk Tuah fans left holding the bag.
“Everything changed after that interview. I’ve always been one to struggle with mental health, and I’m still struggling with it a little bit,” she said. “Your whole life’s basically online, and then people can say anything they want to you. And then you got to sit there with the thought: Oh, a lot of people just lost money because of something you did, like, you led them to.”
The sudden drop in value caused backlash from Welch’s fans, with one person calling her out online as they wrote: “I am a huge fan of Hawk Tuah but you took my life savings. I purchased your coin $Hawk that you were so excited about with my life savings and children’s college education fund as well.”
This has led some, including YouTube cryptocurrency investigator Coffeezilla, to accuse Ms Welch of scamming investors with a “pump and dump” – where the people behind a coin hype up its price before launch, then sell it for profit.
Cryptocurrency
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.
Blockchain is the foundation of cryptocurrencies. A decentralized ledger keeps track of every transaction made over a computer network. Each block in the chain contains a list of transactions. Once a block is full, it is added to the chain in chronological, linear order.
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.
Pi network cryptocurrency
The fact that only the developers are making money from the network is also a cause for suspicion. Additionally, the coin does not have any value and the long wait time before a mainnet is actually launched is cause for concern.
Despite the controversies, Pi Network has maintained an engaged community throughout its more than five-year existence. The project’s recent initiatives, including the Pi App Incubator and Pi Influencer Program, suggest ongoing development efforts. However, community sentiment appears increasingly divided, with some long-time supporters expressing frustration over perceived “broken promises”.
With Pi Network about to reach phase three of its plans, a new dimension of crypto mining will ensue. The innovative concept of mobile mining with no money down is set to give access to just about anyone.
The fact that only the developers are making money from the network is also a cause for suspicion. Additionally, the coin does not have any value and the long wait time before a mainnet is actually launched is cause for concern.
Despite the controversies, Pi Network has maintained an engaged community throughout its more than five-year existence. The project’s recent initiatives, including the Pi App Incubator and Pi Influencer Program, suggest ongoing development efforts. However, community sentiment appears increasingly divided, with some long-time supporters expressing frustration over perceived “broken promises”.
With Pi Network about to reach phase three of its plans, a new dimension of crypto mining will ensue. The innovative concept of mobile mining with no money down is set to give access to just about anyone.