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Trump and first lady Melania Trump themselves had launched memecoins just days before they entered the White House on Jan. 20, which sparked criticism from many crypto commentators and some of Trump’s supporters.
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Citadel Securities responded, claiming that it only ever engaged in two test transactions with a collective value of roughly $0.13 and therefore didn’t cause USTC’s depeg. Terraform’s claim went nowhere.
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Terraform filed a lawsuit compelling Citadel Securities to provide additional documents.
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The stock reached a daily peak of 5.50 Hong Kong dollars, or 71 US cents, the highest in four-and-a-half years.
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Hong Kong-based investment firm HK Asia Holdings acquired one Bitcoin for about $96,150 on Feb. 13. Three days later, it disclosed the investment and saw its share price spike by almost 93%.
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https://warpcast.com/evansisabella24/0xa4397e65
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https://warpcast.com/evansisabella24/0xa4397e65
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Additionally, Filipinos are also among the most prolific early adopters of artificial intelligence, with 86% of Filipino knowledge workers integrating AI into their workflows, it said.
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The timing is also particularly relevant for the Philippines because the country ranks number one globally in social media usage, it stated.
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Rao noted that the top 10 holders own 89.06% of the supply, and there’s no clarity on the liquidity pool burn status. “Interestingly, the token was launched in an Asian morning time zone. It feels like this is just a way for Trump to make money,” he said.
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“Eighty percent of the supply is locked for CIC Digital, a company owned by the Donald Trump Revocable Trust. This is the same entity that launched Trump NFT Trading Cards three years ago. The website says it’s ‘not an investment but a show of support,’” Rao said.
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Preetam Rao, CEO of QuillAudits, a Web3 security company, expressed concerns about the TRUMP token’s allocation structure and purpose.
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“We need regulatory clarity and improvements that embrace onchain as an open platform to unlock this for everyone,” Pollack added.
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In April 2020, economist and research associate of the University of California Ricardo Perez-Truglia conducted the study “The Effects of Income Transparency on Well-Being: Evidence from a Natural Experiment,” which analyzed the consequences of the policy.
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The threat to crypto holders from the Skattelister is not the only negative consequence of financial transparency.
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Mellerud believes that the Skattelister system has effectively curbed corruption and ensured tax compliance. However, he noted that its original purpose was facilitated by a time when the internet did not exist, making the information harder to access.
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There are no local political discussions about removing the Skattelister. “It is such an integrated part of our system that I think it will never go away,” said Mellerud.
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However, Norway’s Skattelister system, which publicly discloses individuals’ tax information, has existed since 1814. The cultural emphasis on transparency is entrenched in Norwegian culture, but Mellerud believes “most don’t understand the dangers and other privacy implications of the Skattelister.”
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Mellerud argues that the state should not publish anyone’s wealth and income, whether they are crypto hodlers or not.
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The privacy concerns and risks have prompted some citizens, like Finnish digital nomad and CEO of Sovereign Landing Jaakko Multanen, to leave the country. Despite not being wealthy enough to be included in the Finnish version of Norway’s Skattelister, he said the issue was enough to make “returning not even a consideration,” as shared on X.
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