The Binance exchange aims for its native Binance Coin (BNB) to regain favor as a viable crypto investment following the resolution of its legal issues with the U.S. Securities and Exchange Commission (SEC).
The settlement involved Binance CEO Changpeng Zhao pleading guilty to violating U.S. anti-money laundering laws and agreeing to a $4.3 billion settlement, including a $50 million corporate penalty from Zhao’s private funds. The impact of this settlement is debated in crypto.
Meanwhile, Bitcoin (BTC) is stable after rallying, increasing interest in altcoins like InQubeta (QUBE) and EOS.
InQubeta could outperform Bitcoin
InQubeta aims to simplify access to artificial intelligence (AI) investments, utilizing fractionalization, crypto, and smart contracts.
It is an alternative for those without access to traditional investment avenues and those seeking increased interest through decentralized financial services.
InQubeta offers solutions that can grow as AI draws investments. The AI industry is valued at over $120 billion but could exceed $1.5 trillion by 2030.
Since AI is already a technological breakthrough, InQubeta offers a decentralized protocol promoting access to AI.
The connection between investors and AI startups within the InQubeta ecosystem operates as follows:
- InQubeta’s team assesses AI startups to make sure they meet standards. Once cleared, these companies create tokens that denote investment opportunities.
- Tokens are fractionalized to suit every investor’s budget, allowing them to invest as little as they choose
- Investors buy QUBE with cryptocurrencies or fiat to buy tokens they find promising on the NFT marketplace.
- These tokens are transferred to investors who can resell them on the NFT marketplace whenever they choose
Zhao wins in the Binance deal
The charges levied against the Binance exchange included civil and criminal charges.
The SEC accused the exchange of failing to comply with U.S. laws and pretending to comply. The DOJ is now seeking an 18-month prison sentence for Zhao.
Zhao gets to keep most of his billion-dollar fortune whether he serves any time in prison.
The Binance Exchange will also have to pay over $1.81 billion in the next 15 months and an additional $2.5 billion forfeiture.
BNB prices fell after the deal was announced, and found support at $231.
Bitcoin and EOS fall
The recent surge in crypto prices appears to have ended, with Bitcoin stagnating for the past week while EOS drops by 7%.
Even so, Bitcoin seems to have found support at $35,000. Despite dwindling bullish momentum for Bitcoin and other altcoins, InQubeta continues to attract investor interest, raising over $5.2 million in its presale.
Summary
Investors can explore QUBE and even register capital gains before the end of the presale. Supporters remain upbeat, banking on InQubeta’s approach to increase access to AI.
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