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Central African Republic’s CAR memecoin raises scrutiny

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

CryptoSlate

Feb 10

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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.

🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game.

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).