There is a long list of new tokens with bad names, like Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge, London Bridge is Down, and Rip Queen Elizabeth.
Ruja Ignatova, the mastermind behind the infamous Onecoin pyramid, is now one of Europe's most sought criminals. She was also known as the 'Crypto Queen,' and she vanished almost five years ago after her Ponzi scheme raked in billions of dollars from deceived investors all across the world.
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The SFC's guidelines explicitly forbid the distribution of crypto 'gifts' intended to encourage retail investments, which may encompass airdrops. Additionally, the guidelines state that stablecoins should not be allowed for retail trading until they undergo regulatory oversight.
On Monday, meme coin traders enthusiastically invested in various pizza-related tokens, but the anniversary of the first bitcoin purchase was overshadowed by rug pulls that dampened the mood.
The bank anticipates a continued lack of activity in digital asset trading, as retail investors choose to stay out of the market.
Data from CryptoSlam, a platform tracking cryptocurrency statistics, reveals that NFTs built on the Bitcoin network have generated an impressive $167 million in the last month, rapidly approaching Ethereum's leading position.
The project additionally introduced its new PLEX client, designed to alleviate the demands of computationally intensive tasks involving scientific data.