The Binance Exchange Aims to Regain Favor with BNB
The Binance exchange is determined to restore the reputation of its native cryptocurrency, Binance Coin (BNB), as a viable investment option. This follows the resolution of legal issues with the U.S. Securities and Exchange Commission (SEC). The settlement involved Binance CEO Changpeng Zhao admitting guilt for violating anti-money laundering laws and agreeing to a $4.3 billion settlement, including a $50 million corporate penalty from his private funds. The impact of this settlement on the crypto industry is a topic of debate.
InQubeta: An Alternative Investment Option
InQubeta is an altcoin that aims to simplify access to AI investments through fractionalization, crypto, and smart contracts. It provides an alternative for those without access to traditional investment avenues and those seeking decentralized financial services. InQubeta offers solutions that can grow alongside the AI industry, which is projected to exceed $1.5 trillion by 2030. The protocol connects investors with AI startups within the InQubeta ecosystem, allowing them to invest in promising tokens through a decentralized NFT marketplace.
Win for Zhao in the Binance Deal
Binance faced civil and criminal charges from the SEC, accusing the exchange of non-compliance with U.S. laws. The DOJ is seeking an 18-month prison sentence for CEO Changpeng Zhao, but he will likely keep most of his fortune regardless. As part of the settlement, Binance must pay over $1.81 billion in the next 15 months and an additional $2.5 billion forfeiture. Following the announcement of the deal, BNB prices fell but found support at $231.
Bitcoin and EOS Experience Decline
Bitcoin has been stagnant for the past week, and EOS has dropped by 7%. However, Bitcoin seems to have found support at $35,000. Despite the decrease in bullish momentum for Bitcoin and other altcoins, InQubeta continues to attract investor interest and has raised over $5.2 million in its presale.
Hot Take: Investors Can Explore QUBE
Investors can explore the investment potential of InQubeta’s QUBE token and potentially register capital gains before the end of the presale. InQubeta’s approach to increasing access to AI remains a source of optimism for supporters.
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