Solana-Based Meme Coin Bonk Killer Hits $328T Market Cap to Trap Investors
Bonk Killer amassed a market value swiftly. However, this growth halted abruptly when traders found they couldn’t sell their tokens.
Bonk Killer amassed a market value swiftly. However, this growth halted abruptly when traders found they couldn’t sell their tokens.
Indonesia conducted its presidential election in February 2024, with Subianto and Rakabuming emerging winners. During the presidential campaign, both Subianto and Rakabuming declared their support for the crypto economy.
The warning stated that June 30 had been earmarked for reporting overseas financial holdings.
Lawyers representing Terraform Labs stated that the SEC should effectively seek the penalty from the Luna foundation Guard (LFG) which is a non-entity in this case as of now.
Several prominent Avalanche ecosystem partners have already signaled their intention to integrate with Stripe, including GoGoPool, Avvy, Pakt, zeroone, Halliday, The Arena, Shrapnel, and DeFi Kingdoms.
The crypto company has already demonstrated its regulatory compliance and operational excellence in countries where it has secured regulatory approvals, such as the UK and Switzerland.
Trust Wallet plays a pivotal role in today’s digital currency ecosystem. Two months ago, Trust Wallet introduced a new smart contract wallet called the Trust Wallet SWIFT.
Over the years, Tether’s USDT has dominated the industry as the preferred stablecoin among its pairs, trading as the third largest crypto after Bitcoin and Ethereum, with a market capitalization of $110.64 billion.
The Solana price and the meme coins within its ecosystem continues to face a pump and dump scenario with BONK and WIF losing over the weekend gains quickly.
The Thai SEC said the rules were designed to protect consumers and mitigate the risks of scams in the industry.
Since the inception of bitcoin in 2009, thousands more have sprung up with each of them having their distinctiveness. Bitcoin is often referred to as the king of cryptocurrency each of the other thousands of cryptocurrencies falls under the class of altcoins; be it Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Monero (XMR), EOS (EOS), TRON (TRX), etc.
All altcoins have their uniqueness in the sense of how they are mined, their nature (whether or centralized or decentralized), underlying technology, speed of transaction, coin distribution mechanism, etc. Although bitcoin is always used as the yardstick when analyzing an altcoin, some altcoins outshine bitcoin in certain specs. Several altcoins are developed on Bitcoin’s framework.
Altcoins are sub-divided into three categories namely; stablecoins, utility tokens, and security tokens. For example, stablecoins such as Tether (USDT), Binance Coin (BNB), Gemini USD (GUSD), USD Coin (USDC), etc. are known to be less volatile than Bitcoin because they are pegged to fiat currencies. However, some altcoins fall under more than one of these categories. You will find more information in altcoin news category.
Altcoins are getting thumbs up from different quarters for playing a significant role in the expansion of boundaries of blockchain adoption and applications. For example, Ethereum is known for its robust blockchain that enables faster transaction time as well as the creation of decentralized applications (dApps). At the time of launch, most altcoins sell themselves as better alternatives to existing ones and usually attempt to improve on the setbacks of known altcoins.
According to CoinMarketCap, there are over five thousand digital currencies in April 2020 although BTC has a staggering 64% dominance in the crypto market. As a crypto investor and enthusiast, stay tuned to coinspeaker.com to get the latest altcoins news around the world to keep you updated and geared up in the crypto space.