What is cryptocurrency

Haliey Welch, better known as Hawk Tuah Girl, is pretty much exclusively known for talking but has been silent for more than two weeks following the collapse of the branded memecoin $HAWK b2b multi touch attribution. Well, Welch is back—though not in front of a mic. Instead, she’s issued a very lawyerly statement following the news that a class action lawsuit has been filed against the team responsible for $HAWK and its unceremonious but extremely predictable crash.

Now, the social media sensation who lent her viral “hawk tuah” moment to a new digital coin is the face of the latest controversy centered around crypto and what some are calling an all-too-familiar racket meant to trick people out of their money.

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.

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.

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. She added that her silence since the incident was part of a “much-needed” mental health break.

Cryptocurrency shiba inu

Thanks to its massive supply, a SHIB price of $0.01 would put its valuation, or market capitalization, at $10 trillion, close to that of gold. A price of $1.00 would give it a market cap of $1 quadrillion.

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.

Ryoshi’s intention for Shiba Inu has been to see if a perpetual decentralized organization could work with no central leadership. In mid-2021, Ryoshi kept to his promise and stepped away, leaving the token entirely in the community’s hands.

Although SHIB doesn’t have any firm utility as yet, the adoption of it as a currency has been seen in some areas similar to DOGE. However, it positions itself as a “Dogecoin Killer”, adopting a term given to several third-generation cryptocurrencies as “Ethereum Killers”.

What is cryptocurrency

A cryptocurrency (colloquially crypto) is a digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.

Another advantage of cryptocurrency is that it’s global, so there’s no need to figure or pay foreign exchange rates, although cryptocurrency isn’t legal in some countries. You also don’t need to worry about bank account restrictions, such as ATM withdrawal limits.

It’s essentially a decentralized network, also called a distributed-ledger technology (DLT). This means there is no single authority serving as a gatekeeper or facilitator for the transactions taking place within the network.