In the world of cryptocurrency, memecoins, also known as ‘shitcoins,’ are tokens without true value created for quick profits. Examples include $Trump and $Melania, which have seen significant drops in value. Memecoins are based on internet memes, such as Dogecoin, originally created as a joke but now a thriving currency. Despite this, Kōura Wealth founder Rupert Carlyon warns against investing in memecoins due to their volatility and susceptibility to scams. He advocates for caution, research, and only investing what one can afford to lose. The rise of memecoins threatens the reputation of cryptocurrency as a reliable investment and highlights the need for regulation in the industry. Carlyon emphasizes the importance of understanding the project, its goals, and the risks before investing in memecoins.
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Tarawera crash turns fatal: Victim succumbs to injuries in hospital
A crash on State Highway 5 between Taupō and Napier has turned fatal, with one victim succumbing to injuries in the hospital after the incident near Tarawera. The collision, which occurred around 8:50 am last Wednesday, involved a car and a truck, leading to the road's closure for approximately seven hours. Police are conducting ongoing inquiries and have expressed their sympathies to the victim's family and loved ones. Full Article
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