Crypto investors that grow their portfolios by 1,000x are mavericks.They see opportunities where everyone else sees disasters.One such opportune moment is staring at us right now.The bear markets are crucibles that birth the next-gen crypto billionaires.Sure, some cryptos crash and never recover.However, some cryptos trade at deep discounts during crises only to recover rapidly when the dust settles.If you are an investor in such cryptos, you can grow your portfolio at unprecedented rates and multiply your wealth.
For instance, Snowfall Protocol (SNW) is expected to register 1,000x growth in the upcoming weeks.Here’s how it compares with other tokens like TRON (TRX) and Cardano (ADA).Tron (TRX) Tron (TRX) is working on a revolutionary idea to make content distribution open source.
Currently, platforms like YouTube, Spotify, iTunes, and others, charge a hefty commission from content creators for distributing their content.Tron (TRX) removes all such intermediaries from the equation and gives more control to content creators.Tron (TRX) also helps creators protect their intellectual property.They allow them to create dApps on the platform to distribute their content, be it music, podcasts, game streaming, movies, or something else.
Tron (TRX) users use its native token, TRX, to pay creators for access to their content.The future of Tron is bright.
Despite the bearish winds, Tron (TRX) has only lost about 50% of its value from its 2021 high.This makes it a top-performing crypto against other tokens that have lost over 90% of their value during this time.However, Tron (TRX) holders are getting restless because Tron (TRX) is trading in ranges without making a move upwards.Cardano (ADA) Cardano (ADA) is a crypto in evolution.
As a highly versatile cryptocurrency, Cardano (ADA) has found countless use cases in industries as disparate as global finance and agriculture.With multiple hard forks, Cardano (ADA) has successfully upgraded its technology to rival Ethereum.In fact, Cardano (ADA)projects itself as the most efficient alternative to Ethereum.However, with Ethereum upgrading its platform, Cardano (ADA) has little else going good for it.This is reflected in its recent performance too.
Currently, Cardano (ADA) looks dead set on breaching the lowest lows of 2021 and entering into the rock-bottom territory of its 2020 prices.Perhaps, Ethereum’s The Merge hard fork and FTX collapse were the final nails in its coffin.Only time will tell whether Cardano (ADA) will ever recover.Snowfall Protocol (SNW) Snowfall Protocol (SNW) is a true outlier of 2022.It beat every expectation by making a big splash in the crypto market.
Snowfall Protocol (SNW) is an interoperability bridge that allows users to move their funds and NFTs from one blockchain to another effortlessly.For instance, Snowfall Protocol (SNW) will allow you to move your crypto from Uniswap to Binance, Binance to Coinbase, or any other blockchain pairs.You can even move NFTs from one blockchain to another.This has obvious use cases like allowing you to play on any game-fi platform using any character, weapon, or collectible of your choice, even if they’re bought from other blockchains.The price of Snowfall Protocol (SNW) has soared since its presale.
As Snowfall Protocol (SNW) leaps towards its early January 2023 launch, the Snowfall Protocol (SNW) token has already registered over 400% gains in its value since its presale a couple of months ago.Snowfall Protocol (SNW) is where savvy investors are headed for 1,000x gains in the next few months.Presale: https://presale.snowfallprotocol.io Website: https://snowfallprotocol.io Telegram: https://t.me/snowfallcoin Twitter: https://twitter.com/snowfallcoin Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only.By using this, you agree that the information does not constitute any investment or financial instructions.Do conduct your own research and reach out to financial advisors before making any investment decisions.
A group of customers are now suing FTX in an attempt to become the first to recover funds from the insolvent cryptocurrency exchange.The lawsuit, filed as part of the bankruptcy case in Delaware, seeks a court ruling recognizing that their holdings with the trading platform belong to them rather than the failed company.Customers Sue FTX, SBF for Priority Right to Repayment Over Other Creditors Four FTX customers have filed a lawsuit on Tuesday against the crypto exchange and its former executives, including founder and ex-CEO Sam Bankman-Fried (SBF).They want the court to declare that the digital assets held with the platform belong to its customers rather than FTX or its other creditors.The group also asks their suit to be accepted as a class action as part of the case in Delaware, according to reports published by Reuters and Bloomberg.
The Bahamas-based FTX filed for Chapter 11 bankruptcy protection in the state on Nov.11 as traders and investors rushed to withdraw their money.Amid a number of legal efforts to lay claim to the assets of FTX, its new management pledged that customers will be repaid first.The latest complaint insists that “customer class members should not have to stand in line along with secured or general unsecured creditors in these bankruptcy proceedings just to share in the diminished estate assets of the FTX Group and Alameda.” Following his resignation as chief executive and after his extradition from the Bahamas, Bankman-Fried is facing charges in the U.S.
related to a “fraud of epic proportions,” as a federal prosecutor put it.Among them, an allegation that customer deposits, in both fiat and crypto, were used to support his crypto trading platform Alameda Research.SBF’s Ex Also Liable for Converting Customer Holdings, Lawsuit Claims Besides Bankman-Fried, the customers are also suing Caroline Ellison, his ex-girlfriend and former CEO of Alameda.
They say both should be held liable for breaching fiduciary duties to them and wrongfully converting their holdings.Ellison pleaded guilty to fraud charges.In her testimony, she admitted that Alameda had access to a special borrowing facility which was FTX customer funds.The proposed class action lawsuit asks the court to determine that “cash and assets traceable to customers, which never belonged to FTX or Alameda and do not belong” to other bankruptcy creditors “should be earmarked solely for customers.” It aims to represent over a million FTX customers in the United States and around the world.
And if the court decides that the holdings are property of FTX, then the customers seek a ruling from the judge granting them the priority right to repayment over other creditors of the exchange, which was the second largest in the crypto industry before it collapsed last month.In a separate report quoting a source familiar with the case, Bloomberg revealed that the U.S.Justice Department has launched an investigation into an alleged cyberattack on FTX that led to the loss of over $370 million, mere hours after the bankruptcy court filing in November.It’s still unclear if that was an inside job or a hacking incident.
Tags in this story Assets, Bankruptcy, Bankruptcy Case, claim, Class Action Lawsuit, Class-Action, Court, Court Filing, creditors, Crypto, crypto exchange, Cryptocurrencies, Cryptocurrency, Cryptocurrency Exchange, Customers, Digital Assets, Exchange, ftx, holdings, Lawsuit, priority, repayment, suit Do you think FTX customers will be granted priority right to repayment over other creditors? Share your expectations in the comments section below.Lubomir Tassev Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only.It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.Bitcoin.com does not provide investment, tax, legal, or accounting advice.
Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.Crypto news Is Alameda and SBF Squeezing out User’s Funds Soon After the Bail? In an interesting development, the wallets associated with a leading trading-now bankrupt firm Alameda Research, the FTX’s sister concern.The platform was seen transferring out funds which raised curiosity among the community.Moreover, the manner in which the funds were transferred was the main spotlight that grabbed huge attention.The wallet connected to Alameda Research swapped bits of ERC-20 to ETH and USDT and later these were funneled through instant exchangers & mixers.
The things further became uglier when some of the ERC-20 tokens swapped for ETH went on anonymous decentralized exchanges which may help them to secure the tracks after swapping ETH to BTC.The analyst here mentions that the wallet intended to swap ETH to BTC using DEX such as FixedFloat and ChangeNow, which aew usually used by the hackers and exploiters to hige their transactions routes.
While, many believed that it could be Sam Bankman-Fired but considering the recent legal developments against him, it was speculated to be an insider job intending to flush out what all is remaining.Such operations, however, appear to be illegal considering the recent legal proceedings against SBF, Alameda CEO Caroline and many others.The possibility to oversight the financial regulators and prosecutors also emerge.However, considering the nature of the case, it appears pretty unlikely.Was this writing helpful? No Yes Sahana Vibhute A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space.Researching minute occurrences and bringing new insights lie within the prime focus of my task.Back to top button Cryptocurrency Gleec Coin Lists On Choise.com Amidst A Year Of Growth For Crypto Spending Solutions December 20, 2022 – Tallinn, Estonia — Gleec Coin has landed on the Choise.com platform.Users can trade GLEEC and use it through Choise’s Visa Debit Card to withdraw cash and make purchases at over 42 million merchants globally.
The listing of Gleec Coin comes at a crucial time for cryptocurrencies.Digital assets continue to transform the financial system’s infrastructure through cryptocurrency, NFTs, and metaverse experiences.In addition, consumer behavior toward shopping and communication has shifted because of it, enabling Gleec Coin to increase its market presence.Global spending on the blockchain is expected to reach almost $18 billion in 2024, with a five-year compound annual growth rate of over 46%.
Part of that spending will be facilitated by card issuers like Visa, who reported consumers made $2.5 billion in global payments through crypto-linked Visa debit cards in Q1 2022.The debit card solution under the Choise.com banner is now accessible for Gleec Coin holders.The integration introduces crucial propositions for moving money faster, simpler, and cheaper.In addition, it is a crucial step to unifying the best aspects of technology and cryptocurrency.Choise.com became a leading crypto service provider by offering a common wallet service and adding interest-earning features.Users can engage in asset staking, yield farming, liquidity pools, interest accounts, and more through a unified ecosystem.
The listing on Choise.com will bring Gleec Coin to an innovative digital asset ecosystem that gives users a greater choice and financial freedom than ever before.About Choise.com Choise.com is the first-ever MetaFi ecosystem that combines the best of the CeFi and DeFi worlds under a single, user-friendly platform.Choise.com is the evolution of Crypterium, serving over 700,000 registered users and with a €230 million turnover in 2021.With the recent rebrand, the company seeks to offer its clients the most profitable and exciting opportunities to earn crypto via centralised and decentralised finance solutions alike.Learn more: https://choise.com/ About Gleec Coin Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only.By using this, you agree that the information does not constitute any investment or financial instructions.
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