Popular snack cakes brand Hostess recently unveiled limited edition crypto-themed Twinkies, dubbed "$TWINKCoins."
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Describing the confection as a "coin-shaped, golden sponge cake," Hostess Brands quickly clarified that the product was not, in fact, cryptocurrency, but a celebration of the digital currencies.
“Cryptocurrency has generated a lot of headlines and discussion lately. So, Hostess Twinkies decided it was time to launch its own ‘currency’ that delivers a very tasty return,” the company said.
The launch of the edible snacks delighted — and shocked — many in the crypto space, which has taken a large beating as markets have slumped and a crypto winter has set in. Since last November, the value of cryptocurrencies has slid 70%, and crypto firms have regularly laid off staff, restructured, or even filed for bankruptcy. Last month, the blockchain analysis firm Glassnode said...
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