The Securities and Exchange Commission (SEC) drama appears not to be ending, at least not anytime soon. In a development felt across the crypto landscape, the SEC charged SafeMoon LLC and its executive team with a “massive fraudulent scheme.” The SEC alleged SafeMoon to be an unregistered security, through which the team perpetrated fraud. On a lighter note, IOTA (IOTA), one of the top altcoins on the market, is aiming for $1, while InQubeta targets 5,000% growth after launch.
Let’s explore these developments.
What you'll learn 👉
InQubeta (QUBE): A Potential 5,000% Growth after Launch
InQubeta (QUBE) has been one of the positive developments in the crypto landscape. As one of the most promising projects on the initial coin offering list, we believe it has been the best ICO so far. You may wonder why that is. For one, it has raised an impressive $4.3 million in its presale. That isn’t all; we are also confident in its unique offering, which revolves around revolutionizing the AI industry.
What makes InQubeta unique among the new DeFi projects? It is a blend of AI and blockchain and aims to solve a critical problem in the AI sector. It will introduce a new fundraising model, which will allow AI startups to raise funds through cryptocurrency. This will make it the first crowdfunding platform to do so in the world. In addition to this, it will also make the AI market accessible to users and investors.
This intriguing project is in the fifth stage of its presale and costs only $0.0161 per token. It is targeting a 5,000% increase in its price after launch, a prediction backed by analysts. So, if you wish to become an early adopter, follow the link below.
The US SEC Charges SafeMoon and its Executives
A recent development making headlines in the crypto landscape is the US SEC charging SafeMoon and its executives for the unregistered sale of crypto and fraud. They were accused of misappropriating over $200 million in crypto assets after promising to take investors to “the moon.” Instead, the team allegedly withdrew crypto assets for personal use, including the purchase of luxury cars and homes.
With the case just starting, it is bound to be a long couple of months or years for the team. We also believe this development will hurt the price of SafeMoon, a decentralized finance (DeFi) token. So, if you have been considering investing in SafeMoon, bury the thought, at least for now.
IOTA (IOTA): A Unique Project
In a more positive development, IOTA (IOTA) has been gaining momentum, eyeing the $1 mark. But what is IOTA? It is a distributed ledger with unique properties. In contrast to many, it isn’t a blockchain, but its proprietary technology is known as Tangle, which confirms transactions. That isn’t all. This project further distinguishes itself with its lightning speed. Lastly, as it is not a blockchain, there are no miners, hence no fees. With this, it is considered a good crypto to buy.
Based on the above, IOTA has been gaining soaring adoption, which is understandable. Also, its price has been rising, which we believe could reach the $1 mark before the end of the year. So, is it one of the best cryptos to invest in? Certainly. Nevertheless, we suggest doing your own research (DYOR).
Conclusion
The SEC doesn’t seem to be relenting in its bid to regulate crypto, as evident in its charges against SafeMoon and its executive team. However, positive developments can be drawn from IOTA and InQubeta, two projects primed for explosive growth.
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