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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Treaty principles bill hearings, day three: The Justice Committee works from home
The third day of Treaty principles bill hearings saw four hours of oral submissions conducted entirely on Zoom due to MPs being away. Submissions included opposition from indigenous Kanak of New Caledonia, support from Pacific Youth Leadership and Transformation, concerns about cultural healthcare services, and reflections on the Crown's apology. Former race relations conciliator Gregory Fortuin and others highlighted the deteriorating Crown-Māori relationship, potential impact on New Zealand's international reputation, and calls for a referendum....
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