DOJ Sued Executive Over “Cheery Picking”!
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Peter Kambolin, the former CEO of Systematic Alpha Management LLC, has pleaded guilty to charges involving a “cherry-picking scheme” with crypto futures contracts. Prosecutors allege Kambolin allocated profits and losses from futures trades to benefit his own accounts at the expense of clients. He defrauded US and foreign investors by depriving them of profitable trades, using proceeds for personal expenses, and transferring funds to foreign accounts in Belarus and Dominica. Kambolin faces up to five years in prison for conspiracy to commit commodities fraud. Prosecutors called the charges a first of their kind.
Investors are Picking Sparklo (SPRK) to Enter the Top 100 as Huobi Token (HT) and Kava (KAVA)
The cryptocurrency market is very competitive, with over 20,000 projects launched and new cryptos added every day. As a result, the top 100 ranked by market capitalization has become a sought-after position, as it tells of not only the popularity of a digital asset but also its success in the market.
However, the stiff competition means digital assets can quickly be displaced from the top 100 positions. Two cryptos with unsure futures are Huobi Token and Kava (KAVA) which have endured rough patches and experts predict that newcomer, Sparklo could be gunning for their position.
Huobi Token (HT) and Kava (KAVA) Struggle in the Top 100
Huobi Token (HT) is the native token powering one of the biggest global cryptocurrency exchanges, Huobi Global. The popularity and use of Huobi Token (HT) within the exchange saw the
A downside of being interconnected with the exchange is that Huobi Token (HT) shares the same sentiment as the company. In January when the company announced it was cutting down its staff by 20%, Huobi Token (HT) tanked by 11% within hours.
Even worse was the recent flash crash on the exchange that saw the price of Huobi Token (HT) plummet by more than 90% within minutes. These tumultuous events for Huobi over the last few months have seen the price of Huobi Token (HT) drop by 91% from its all-time high.
Huobi Token (HT) has slid down the top 100 rankings and now sits at 81st. Another project that has suffered a similar fate is Kava (KAVA) suffering a strong bearish momentum over the last several months.
Despite having a unique concept, Kava (KAVA) has failed to develop any real-world use cases yet adding to its struggle. Kava (KAVA) currently sits at 97th, making it the more likely to fall out of the top 100 rankings.
Investors Pick Sparklo to Replace Kava (KAVA)
Investors believe that with the struggles of the likes of Kava (KAVA) new projects with real use cases like Sparklo which is building the world’s first precious metal trading platform built on blockchain.
More than the gimmicks known in crypto, Sparklo will give everybody the accessibility to invest in precious metals like silver, gold, and platinum. Using a fractional method, investors can own smaller pieces without purchasing the whole bar of gold, silver, or platinum.
These fractions will be minted as non-fungible tokens that will be backed by physical assets. In addition, investors can redeem their digital tokens for the equivalent amount of fiat currency at any time.
Investors who choose to purchase the entire bar can choose any address where the physical metal will be delivered to. In addition, the full reserve audit by the InterFi Network and its smart contracts has passed auditing.
More than a unique concept, Sparklo is solving a problem in the metal investment market, which is why many investors back it to become a top 100 crypto within the first year of its launch. Sparklo is currently in presale 1 Sparklo token is currently sold for $0.015.
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
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Snowfall Protocol vs Helium vs Elrond! Expert Explains His Reasons For Picking Them!
From its inception to this very day, the phenomenon of cryptocurrencies has seen a dramatic surge in acceptability and scalability by the general public. Do you understand that this cannot happen overnight? There must be an explanation.
The reason is that investors have moved to the cryptocurrency market to invest in projects and amass enormous returns since the industry is incredibly lucrative. Over time, conventional financial systems have failed to function, and with the rising economic debacle, people have turned towards the crypto marketplace as a safe haven. No force on this planet can work against you if you understand how to time the market correctly and are familiar with its fundamentals. This article will provide some insightful information on alternative currencies and smaller projects that you might fund to get the riches you’ve always wanted. Buckle up because we’re going to dig deep into this subject.
Helium (HNT)
Only a few years after Bitcoin’s launch did Helium (HNT) arrive. The IoT-(internet of things) is Helium’s (HNT) distinctive selling point. Technology, practicality, and technical significance set Helium (HNT) apart from its rivals. After going over the advantages and uses of Helium (HNT) , readers should be aware of several drawbacks.
Helium (HNT) requires a high upfront investment. Also worth mentioning is that estimates show a decline in Helium’s (HNT) price, and the coin’s high initial cost and probable loss make it seem risky for users and investors.
Snowfall Protocol (SNW)
Digital financial assets that are fungible and non-fungible can be traded via the Snowfall Protocol (SNW) cross-chain token transference environment. The solutions provided by Snowfall Protocol (SNW) are designed to make multi-chain operations easier to use. Snowfall Protocol (SNW) employs a wrapping and swap technique for non-fungible token chain swaps and a normative token bridge for fungible token chain swaps. Snowfall Protocol (SNW) creates software platforms that are easy to use, understand, and put into practice to give the user as much power as possible. Snowfall Protocols (SNW) primary goal is to make cryptocurrencies more accessible; to accomplish this, Snowfall Protocol (SNW) will drastically boost the number of users. Snowfall Protocol (SNW) continuously evaluates and improves its user interface to provide its consumers with an exceptional and stress-free encounter. Snowfall Protocol (SNW) intends to be successful in the cryptocurrency market by offering traders an unrivaled and effective decentralized finance (De-Fi) platform.
Elrond (EGLD)
Elrond (EGLD) is in charge of the low-energy Secure Proof of Stake arbitration technique. Validators and Delegators stake eGold to protect the infrastructure and gain incentives. The staking procedure is non-custodial, which means you always have absolute control over your funds. Elrond (EGLD) supports the most powerful programming languages, provides versatile instruments, and has comprehensive and authoritative documentation. You may quickly begin and deploy your application on a blockchain optimized for real-world consumption. Elrond is a simple blockchain to incorporate and offers exceptional scalability, high speed, and cheap transaction costs.
The Bottom-Line
We must carefully evaluate the most lucrative cryptocurrencies and exchanges as market analysts. Trust me when I declare that investors’ interests and those of the Snowfall Protocol (SNW) exchange are compatible.
For more information about the Snowfall Protocol’s (SNW) Pre-Sale, visit:
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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.