Memecoins, or meme cryptocurrencies, started as a cultural phenomenon with the launch of Dogecoin (DOGE) in 2013, inspired by an internet meme and a critique of the wild crypto market at the time.
Crypto has a branding problem As is good practice in growing businesses, FTX spent 15% of its revenue on marketing and advertising, which included a cool $375 million on multi-year sport sponsoring contracts, including several stadium and co-branding naming rights.
Under the Plan, Celsius' account holders will own 100% of the new equity in NewCo," it said, adding that NewCo will be overseen by a new board of directors, a majority of which will be appointed by creditors.
Reuters) - Bankrupt crypto lender Celsius Network LLC said on Thursday it has chosen Fahrenheit's proposal as the winning bid to manage a new entity to be owned by its creditors, directing itself out of bankruptcy.
Fahrenheit, a consortium that includes blockchain-based venture capital firm Arrington Capital, will provide the capital, management team and technology to establish and operate the new company (NewCo),
IOSCO on May 23 released a set of crypto-related regulatory recommendations as part of a consultation report developed by the IOSCO Board’s Fintech Task Force.
A major global securities watchdog, the International Organization of Securities Commissions (IOSCO), is working to help policymakers regulate cryptocurrency more effectively.
There was still some sell pressure present, as evident by the wick that was present above the latest 4-hour candle. Should PEPE’s price succumb to this bearish pressure it will likely drop back below $0.00000165 within the next 24 hours.
PEPE was able to break above the $0.00000165 resistance level in the last 24 hours – flipping it into a support level in the process. It attempted to do the same with the resistance level at $0.00000203 yesterday evening but was only able to reach a high of $0.00000193 before correcting in the 12 hours that followed.
It is an empirical fact that the United States dollar is continuing to lose its dominant role as the global reserve currency, but what might happen to the stablecoin market should it be superseded?