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Amid Binance’s recent regulatory turmoil, CEO Changpeng Zhao agreed to step down and the price of BNB took a hit, plummeting over 9% in the past 24 hours. However, at the same time, a rising player, InQubeta (QUBE) is catching attention with its unique approach to democratizing investments in the AI sector.

Regulatory Turmoil

The recent regulatory crisis that hit leading cryptocurrency exchange Binance has affected the whole crypto world, with both established assets like Bitcoin (BTC) and altcoins experiencing significant dips.

The US Treasury, a heavyweight regulatory agency in the country, pointed out that Binance failed to comply with anti-money laundering (AML) requirements among other hurdles and shortcomings.

Binance is not a stranger to regulatory scrutiny, as the centralized digital assets trading venue has encountered challenges across various jurisdictions across the globe in recent months.

But the latest development has resulted in a difficult situation for the exchange. The case which involved the US Department of Justice has led to the resignation of the company’s CEO Changpeng Zhao as part of the settlement. The development also caused shocks in the crypto space, especially with Binance’s coin, BNB, down by 9% over the last 24 hours.

InQubeta (QUBE) Defying the Odds

Amid Binance’s turmoil and chaos, InQubeta (QUBE), a fast-rising artificial intelligence (AI) blockchain project, emerges as a beacon of innovation, offering a fresh perspective in the dynamic world of cryptocurrencies.

This platform acts as a bridge connecting investors with AI startups, presenting a novel path for inclusive and democratic investments in the burgeoning AI domain.

At the core of InQubeta’s philosophy lies a firm belief in the transformative power of AI. With AI technologies leading the charge in areas like robotics and machine learning, InQubeta positions itself at the forefront of the next technological revolution. Recognizing the daunting nature of investing in these cutting-edge ventures, InQubeta introduces a groundbreaking solution: fractional investment in AI startups through their proprietary QUBE tokens.

The crypto community is bullish about InQubeta’s presale success, as evidenced by its hugely successful ongoing presale which has so far surpassed the $5.2 million mark.

Stage five is on and over 84% of the allocated tokens have been sold. Beyond the substantial funds raised, investors are placing confidence in QUBE.

QUBE, an ERC-20 token, serves as the linchpin of InQubeta’s investment ecosystem. This investment tool facilitates a seamless connection to the future stars of the AI sector.

The unique fee structure, featuring a 2% buy and sell tax for a burn wallet and a 5% sell tax contributing to a reward pool, provides incentives for holders to stake and earn. Integration with the InQubeta NFT marketplace further cements QUBE’s position, enabling investors to engage in fractional investment opportunities effortlessly.

While the current focus is on the presale and the potential of QUBE, InQubeta plans to launch an NFT marketplace, InQubeta Swap, and InQubeta DAO. Additionally, the ambitious aim to become multichain by Q1 of 2024 signals a strategic move to leverage multiple blockchain platforms, enhancing accessibility and diversifying their investment ecosystem.

Visit InQubeta Presale | Join The InQubeta Communities

Disclaimer

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The post Crypto Upstart Eyes Market Gap Following BNB Price Crash appeared first on Crypto News Australia.

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Filed under: Bitcoin - @ November 23, 2023 12:22 pm