This is The Time to Invest in Bitcoin and Gold, says Mike Novogratz
For nearly a year, the global cryptocurrency market has been experiencing troubles. From the FTX debacle to the LUNA catastrophe, which in May 2022 destroyed billions of dollars in investor capital. The recent closures of three US-based crypto-friendly institutions, including Silvergate Capital Corp., Signature Bank, and Silicon Valley Bank of SVB Financial Group, have exacerbated the market collapse of last year.
Founder of Galaxy Digital Mike Novogratz highlighted the issues that are currently plaguing the cryptocurrency market and said that the US economy is experiencing a credit crunch and appears to be heading into a recession as a result of the recent events. He asserted that this is the right time to go long on Bitcoin and Gold.
“If there was ever a time to be in bitcoin and crypto, this is why it was created, in that governments print too much money whenever the pain gets too great, and we’re seeing that. In a short period of time information has changed dramatically. The commodity market is telling you, the oil market is telling you we’re heading into a recession,” he told CNBC Wednesday.
According to him, stocks will probably drop temporarily before rising as a result of the Fed’s changing stance. He said that the recent decline in the price of commodities, particularly oil, was a sign that the globe and the United States were entering a recession.
Jerome Powell, the head of the Federal Reserve, might or perhaps decrease interest rates shortly, according to Novogratz. As a result, there may be a substantial psychological change that favors Bitcoin and Ethereum.
Novogratz also expressed concerns about the banking system’s recent state in the US. He projected that unless the Fed adopted additional measures to safeguard deposits, individuals would learn from their mistakes and shift towards four or five major banking institutions.
Does BudBlockz (BLUNT) Have a Bigger Earning Potential Than Pax Gold (PAXG)?
Cryptocurrencies and non-fungible token projects have been designed to offer innovative and creative functionalities and real-world practicalities that have the potential to experience continuous growth in value and popularity. And we have seen that in many altcoins and NFTs throughout the years.
However, because of the unforgiving implosion of worldwide crypto marketplaces in 2022, many digital coins and assets were left hanging by a thread. For example, the latest victim claimed by the relentless crypto winter was none other than the FTT token. However, one project continues to defy all odds and consistently raise the bar of excellence. We’re, of course, talking about BudBlockz.
In light of this, we’re going to discuss how BudBlockz should be your next lucrative investment consideration and how it has more considerable potential for higher ROI than Pax Gold (PAXG).
What Is PAX Gold?
PAX Gold is a digital coin that provides a robust store of value in the form of natural gold reserves. The reserves are owned and managed by Paxos, a renowned organization in New York. Every PAXG coin is given a 1:1 ratio – meaning one PAXG token has a value of 1 troy ounce of a 400-oz gold bar. The gold bars are held in private London vaults secured by Brinks. In addition, PAX Gold also collaborates with the LBMA (London Bullion Market Association).
How BudBlockz Can Be Even More Valuable than Gold in the Long-Term
BudBlockz’s main objective is to capitalize on the growing CBD and marijuana market worldwide. The global CBD industry is set to surpass the $200 billion mark in the next five years. Leveraging this opportunity, BudBlockz launched a platform that unites legal marijuana companies all over the globe. It is a single, peer-2-peer e-commerce marketplace with DeFi protocol and allows users to securely and privately conduct business transactions without fear of scrutiny.
Using the company’s native crypto (BLUNT), members will be able to access different marijuana and CBD products on a seamless and easy-to-use platform allowing for continuous economies of scale for manufacturers and dispensaries. This is one of the reasons why BudBlockz plans to open its marijuana plantation in weed-friend countries.
Profitable NFTs
Another reason why you should consider BudBlockz is their unique yet highly lucrative NFT collection, Ganja Guruz. BudBlockz NFT owners will be given a chance to become fractional stakeholders in a slew of CBD companies listed on the company’s peer-2-peer marketplace. This will offer you a unique opportunity to earn dividends and generate a passive income stream – way better than gold!
There’s no question BudBlockz is developing a highly scalable and interoperable cannabis crypto platform that will function as a universal bridge between companies and buyers. By letting people privately conduct business transactions, the company has already captivated the attention of several multi-million and billion-dollar marijuana and CBD businesses. And with so many countries set to legalize marijuana and cannabis products in 2023 and beyond, BLUNT holders will always stand to make higher returns on investment.
Purchase or learn more about BudBlockz (BLUNT) at the links below:
Official Website | Presale Registration | BudBlockz Community Links
SEC Charges Former African Gold Acquisition Corp CFO for Setting up $5M Fraud Scheme
The Securities and Exchange Commission (SEC) recently charged a former Chief Financial Officer (CFO) of African Gold Acquisition Corp, Cooper J. Morgenthau, with spearheading a $5 million fraud scheme. The SEC alleges that Morgenthau hid his involvement in a fraudulent scheme to embezzle the company’s funds and invest them in cryptocurrencies. Additionally, the SEC believes that Morgenthau was attempting to capitalize on the volatility of crypto markets and increase his wealth.
According to the SEC document, Morgenthau is accused of using false documents to conceal the movement of funds from African Gold Acquisition Corp’s accounts. As such, Morgenthau is charged with violating several federal securities laws, including fraud, lying to accountants and auditors, and making false filings with the SEC.
In addition to criminal charges, Morgenthau could face civil penalties including forfeiture of the proceeds from his illicit crypto investments and return of any ill-gotten gains to African Gold Acquisition Corp.
According to the SEC report, Morgenthau falsely told investors that their money would finance the said SPAC, whereas the money was being diverted to cover up his embezzlement.
“Our complaint against Morgenthau demonstrates our commitment to holding individuals accountable, particularly when they seek to take advantage of public interest in investment vehicles such as SPACs,” said John T. Dugan, Associate Director for Enforcement in the SEC’s Boston Regional Office. “Our enforcement team worked swiftly and efficiently to file today’s action in just over four months since it was disclosed, which should serve to deter future bad actors in the SPAC market.”
SEC Empowered to Fight Crypto Injustices
The SEC has taken a strong stance against rogue crypto projects following the implosion of FTX and Terra Luna’s UST. While the agency is not interested in banning the industry, investors’ protection from exploitation is a top priority. Furthermore, rug pulls in the crypto market have been rampant in the past year.
Aside from rug pulls, the SEC is focused on crypto companies raising money via coin offerings without proper registration. For instance, The Securities and Exchange Commission (SEC) has brought legal action against Ripple’s CEO, Bradley Garlinghouse, and co-founder Christian Larsen for failing to officially register XRP as security.
This marks yet another example of the SEC’s serious commitment to protecting investors from fraudulent or illegal activities related to cryptocurrencies and digital assets.
With the success of LBRY, which was ruled as a security by the court, the SEC feels empowered to go for more DeFi projects tokens operating like a security.
90% APY On Oryen Network Better Capital Efficiency Than Maker Or Pax Gold
With the rising trend of Decentralized Finance (DeFi), more platforms compete for users’ attention and capital. Oryen Network (ORY) offers one of the highest Annual Percentage Yields (APYs), set at 90%. The project enters the industry as a more capital-efficient investment than Maker (MKR) or Pax Gold (PAXG), making it a more attractive option for yield-seeking investors.
Oryen Network (ORY)
Oryen Network (ORY) is an initiative of highly focused, motivated, experienced, and community-driven people that concentrates on giving simple, straightforward, and uncomplicated ways for rewards to crypto enthusiasts.
The innovative OAT technology, which stands for Oryen Autostaking Technic, is Oryen’s main selling feature. Aside from simplicity, the OAT system offers the highest fixed 90% APY in the market, rebasing prizes every 60 minutes at a fixed interest rate of 0.00733%, 24 times a day, and a simple buy-hold-earn mechanism that fills up the wallet quickly and securely.
Overall, built on the Binance Smart Chain (BEP20) Blockchain, Oryen Network represents a new advance in web 3.0, which will launch by the end of 2022. Until December 30, investors can join the presale and grab a bunch of ORY tokens at the lowest possible price.
Maker (MKR)
Maker (MKR) is a governance token that facilitates the creation and management of the DAI stablecoin. MakerDAO and Maker Protocol are Ethereum-based decentralized organizations and software platforms.
MKR tokens do not pay rewards to their holders, but they do offer them voting rights over the Maker Protocol’s growth. They are projected to appreciate proportionally to the performance of DAI. MKR tokens function as a voting share for the company that controls DAI.
Pax Gold (PAXG)
Gold has been used as a store of wealth and a medium of trade for thousands of years and continues to be successful now. However, for most investors, gold ownership is complicated and unattainable. PAX Gold (PAXG), on the other hand, has established a way to mix cryptocurrencies with genuine gold holdings, making it appealing to investors used to traditional alternatives.
Paxos Gold is a cryptocurrency backed by physical gold reserves owned by Paxos, a New York-based for-profit firm. PAX Gold enables users to exchange, stake, or exchange their tokens for premium gold bars.
Users can deposit their PAXG into the custodial lending platform, with the current earning rate being around 6% APY. Different lending providers can vary, but unlike Oryen, staking in Pax Gold is much more complicated.
Final Thoughts
Overall, When it comes to yield and capital efficiency, Oryen Network (ORY) definitely offers more than Maker (MKR) and Pax Gold (PAXG). With a higher APY, simple staking solutions, and an experienced team, Oryen Network provides users with a better way to earn and grow their capital.
Learn More About Oryen:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
Telegram: https://t.me/OryenNetwork
Discord: https://discord.com/invite/jSvaXmb2cB
Twitter: https://twitter.com/oryennetwork
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Interest For Uniglo (GLO) By Ethereum Classic (ETC) And Bitcoin Gold (BTG) Holders Picking Up
Are you looking for a token that’s getting more and more interest from the wider crypto market as each day goes by? That token could be Uniglo, which is gathering tons of traction while still during pre-sale. GLO has all the fundamentals the market needs to survive this bear run and flourish into something meaningful for investors. It’s exactly what some parts of the market have been looking for for some time. But it’s not the only token that’s picking up momentum. There’s still upside in the crypto world despite overall market conditions. Investing in the right crypto at this point could fire your portfolio into the profits much sooner than you think.
While overall prices are still down, not every crypto is struggling. Some have thrived. And even the ones that haven’t had their boom period just yet have shown plenty of potential to thrive when the market turns itself around. That’s why investments are increasing into certain tokens that show the potential to move up the crypto charts once the wider economic conditions sort themselves out. Three recommended tokens for this are Uniglo, Ethereum Classic and Bitcoin Gold. Let’s have a look at why…
Uniglo (GLO)
Uniglo (GLO) solves key issues not just in the crypto world, but with fiat currency too. That’s because it re-introduces a gold standard and store of value that mainstream currencies lost when they de-pegged from gold. This sits alongside strong dual-burn mechanics that continue to increase scarcity, providing the strongest set of deflationary technicals we’ve seen in the space. GLO is primed to become the answer to the world’s inflation issues with a community-driven, completely deflationary token. That’s why it’s highly recommended as an investment.
What about Ethereum Classic (ETC) and Bitcoin Gold (BTG)?
Ethereum Classic and Bitcoin Gold are both forks off of bigger crypto projects. Ethereum and Bitcoin respectively. These forks solve problems with the original projects and offer reliable solutions alongside a range of different options for investors. But they also still follow the main blockchain’s price somewhat, so while they can have successes without them, and improve transaction options for holders, they are still somewhat reliant on overall BTC or ETH prices. And these prices could be set to rise again soon, especially Ethereum which is set to merge to ETH 2.0 soon. If we finally get out of the bear market, possibilities for both ETC and BTG holders could be massive, so that’s why they’re recommended by analysts and experts right now.
Conclusion
Interest is picking up for the likes of GLO, ETC and BTG. Experts think they could make great additions to your portfolio for the winter and beyond, so that’s why we recommend picking them up as soon as you can.
Find Out More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.