Shanghai Man: Aping out of gorilla token, digital dollar Biden its time... and more
Cointelegraph
Published May 13, 2021 08:05PM ET
Updated May 14, 2021 10:20PM ET
This weekly roundup of news from Mainland China, Taiwan and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape and enterprise blockchain integrations.
h3 Memecoin culture clash/h3Feed Every Gorilla (FEG) was a source of drama after memes were posted of Chinese President Xi Jinping. The token claims to use its revenue to take care of gorillas and had been gaining attention among animal-related tokens, amassing a market cap of over $1 billion. Some Chinese community members found the memes offensive and, after not finding support from the team, began to abandon the project. The incident went viral, and Chinese centralized exchanges, including OKEx and Gate.io, responded by delisting the token. FEG's price dropped around 75% before rebounding slightly on Thursday.
h3 Digital yuan vs. digital dollar/h3 h3 Babel closes $40 million round/h3 h3 Unbanking the banked/h3Continue Reading on Coin Telegraph
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