Central African Republic’s CAR memecoin raises scrutiny

Allegations of deepfake videos and opaque token distribution cast doubts on CAR's ambitious memecoin project.

Feb 10, 2025

Happy Monday!

Today's crypto landscape is abuzz with transformative developments! Klarna, the Swedish fintech giant, is poised to integrate cryptocurrency services ahead of its monumental $15 billion IPO, signaling a significant shift in the fintech sector. Meanwhile, controversy surrounds the Central African Republic's memecoin project over allegations of deepfakes and opaque practices. Privacy-focused layer 2 solutions are set to revolutionize Ethereum's enterprise applications with enhanced privacy standards. And Ripple expands its global reach through a new partnership for Portugal-Brazil remittances.

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The global crypto market cap is $3.18 trillion, with a 24-hour volume of $111.88 billion. The price of Bitcoin is $97,337.84, and BTC market dominance is 60.5%. The price of Ethereum is $2,673.92, and ETH market dominance is 10.1%. The best-performing sector is Cannabis, which gained 32%. The Crypto Fear & Greed Index is currently Fear (43).