Hodler’s Digest has recently had lots of interesting topics to cover as the InQubeta (QUBE) presale breaks the $1.7 million mark, the former CEO of Celsius gets arrested, and a US court rules that XRP isn’t a security.
InQubeta is a crowd-funding project that aims to open up investment prospects in the artificial intelligence (AI) industry while guiding more capital to companies that need it to push the technology further. Its presale has emerged as one of the most lucrative opportunities in the cryptocurrency world right now, putting backers in a position to grow their investments by up to 3x during the event’s remaining stages.
Former Celsius CEO Alex Mashinsky was recently charged with federal securities fraud charges in the US and faces up to ten years in prison if convicted. Celsius will also have to pay a $4.7 billion trade settlement to the Federal Trade Commission (FTC). XRP holders have seen their portfolios rise by over 70% in the past week as a US court ruled it’s not a security, ending most of the project’s legal issues with the US Securities and Exchange Commission (SEC).
InQubeta (QUBE) presale selling tokens faster than expected
Investors have been bullish toward the InQubeta presale since its start, despite how bearish cryptocurrency markets have been since then. The 4x price increases set to occur during the event have been a huge success for investors as it’s one of the most profitable opportunities in cryptocurrency.
InQubeta (QUBE) aims to provide a more accessible medium for investors to secure equity in artificial intelligence startups while sending more funds to firms that help advance artificial intelligence. Given the ridiculous barriers many mainstream investment mediums have, it’s a much-needed solution, like minimum investment amounts that only about 15% of the global population can meet.
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The signs are all around us that AI will be the next tech revolution, and tech experts like Bill Gates have warned it has the potential to be the most disruptive technological breakthrough in recorded human history. It will change how many industries worldwide operate and create opportunities for investors to earn tremendous profits. That is just how tech revolutions work. For example, those who backed companies like Amazon during the early days of the Internet revolution earned exponential returns on their investment as the company went on to dominate the online retail space.
The QUBE approach to investing in AI
AI startups can acquire the funding they need on the InQubeta network by making divisible non-fungible tokens (NFTs) representing ownership in their companies. These tokens are assessed by the InQubeta team before getting listed on the NFT marketplace.
Investors can buy the tokens of any startups they think have bright futures with $QUBE, securing partial ownership and other rewards like a slice of profits. $QUBE tokens also give investors a say in the ecosystem’s governance.
XRP holders celebrate victory against SEC
Ripple Labs Inc. recently enjoyed a massive victory against the SEC as a US judge ruled the cryptocurrency was not a security, putting a question mark on the SEC’s authority in the cryptocurrency space. The news doubled XRP prices within a few hours before prices slowed down. Many market experts are now predicting XRP has the potential to grow substantially in 2023.
Former Celsius CEO arrested by Feds
Celsius recently agreed to one of the largest settlements in the FTC’s history, agreeing to pay over $4.7 billion while the company’s former CEO, Alex Mashinsky, faces up to ten years in prison on charges that he and the company misrepresented the firm’s business model and risks. Mashinsky has pleaded not guilty, and his counsel, Jonathan Ohring, claims the charges are baseless.
Summary
While XRP has the potential to grow substantially now that its legal issues are behind it, its most optimistic projections don’t keep up with InQubeta’s projected 50x growth in 2023. InQubeta is also set to receive a substantial fraction of the $1.5 trillion expected to be funneled into AI in the next seven years by connecting investors with AI startups that need funding.
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