Nobody knows where the market will take us now or in the future; all we can do is hope for the best. However, the fact that many promising crypto assets will eventually generate returns independent of how the market performs is a key factor in why investors retain various positions on these assets.

This strategy is known as dollar-cost averaging. Along with Chain (XCN) and Stellar (XLM), which are soaring in the cryptocurrency market, Big Eyes Coin (BIG) is a new blockchain network devoted to lowering the cost of carrying out functions in DeFi.

Chain: The Ethereum Killer

The Chain Protocol is powered by the Ethereum token Chain (XCN). One of the cryptocurrencies that have big DeFi investors interested is ChainChain. Chain (XCN) is an option if you need a cryptocurrency that can endure the current crypto winter. It may become more well-known as Coinbase’s user base expands, following in the footsteps of Stellar (XLM) and Big Eyes Coin (BIG).

Chain (XCN) is a technological cloud infrastructure that allows businesses to build improved financial solutions from the ground up. Chain (XCN) is a coin built on Ethereum (ETH) that uses cloud blockchain technology.

It concentrates on enhancing public blockchain installations and the financial services within its ecosystem. With a 525 million USD market cap, its currency, XCN, is 52nd. To improve security and scalability, it makes use of a monitoring system.

Stellar: Changing The Defi Ecosystem

A decentralized cross-chain network called Stellar (XLM) attempts to bring together several financial organizations under one roof. Thanks to this, users will be able to easily access banks and cryptocurrency exchanges.

Additionally, its cross-chain capability enables users to quickly and cheaply move their digital assets across many blockchains. Additionally, it provides a market area where users can transfer, receive, trade, or manage their assets.

The open-source Stellar (XLM) platform allows users to create, exchange, and deal in cryptocurrencies. Its native token, XLM, makes all kinds of network transactions possible. With its application programming interfaces and software development kits, Stellar (XLM) is a flexible business tool that enables businesses to add new services and expand their reach.

Big Eyes Coin: Winning its Presale!

The Big Eyes meme ecosystem’s native cryptocurrency, Big Eyes Coin, has earned more than $11.7 million in presales, a big win for the community and its network. Since the funds raised will be utilized to develop logical innovations in the ecosystem, high-quality utilities powered by the $BIG token will be available.

However, you can still become a part of its community in the interim by purchasing Big Eyes Coin, and the exchange is likely to see significant advancements.

Blockchains charge higher taxes on users the more services they provide. Due to the hefty taxation, several expensive cryptocurrencies have experienced a decline. Big Eyes Coin has arrived to end this fad in the blockchain sector.

It is the best configuration to be introduced this year because there are no buy taxes, sell taxes, or transaction costs. With its earnings, Big Eyes Coin is launching a charity. It has said that 5% of its tokens will be designated for charitable purposes.

How to buy Big Eyes Coin during its Presale?

To purchase Big Eyes Coin (BIG), open the coin’s official website bigeyes.space.

• The user must create a wallet on MetaMask or Trust Wallet in the first step.
• Choose a payment option in the second step to purchase BIG using BNB, ETH, OR USDT.
• After the Presale is over, the user will finally be able to get their hands on the tokens they purchased.

Use the code Ocean524 to get bonus coins!

For more information on Big Eyes Coin (BIG), you can visit the following links:

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

The FTX saga has taken a new turn following the guilty plea of the company’s co-founder Gary Wang and former Alameda Research co-CEO Caroline Ellison.

U.S. Attorney Damian Williams announced in a message on Wednesday that the duo pleaded guilty to federal charges in the Southern District of New York, opening a swift path for federal prosecutors to round off the FTX case.

https://twitter.com/SDNYnews/status/1605745361842327552?s=20&t=S7ikH1sz13Na95-e8rbqjA

Wang and Ellison were indicted following the sudden collapse of FTX, a popular cryptocurrency exchange holding billions of dollars in investors’ funds. At the center of the fraud allegations that led to the implosion of the company is the co-founder and former CEO Sam Bankman-Fried, who was arrested about two weeks ago after weeks of investigation by the U.S. authorities.

Bankman-Fried has been charged with eight counts of criminal offenses by the same prosecutors who Wang and Ellison made their plea to. Wang and Ellison’s plea was signed into agreement on Monday.

Wang pleaded guilty to conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud and conspiracy to commit securities fraud. Ellison pleaded guilty to two counts of wire fraud, two counts of conspiracy to commit wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering.

Their guilty plea now makes things more difficult for Bankman-Fried, who has maintained that he committed no fraud while he was the CEO of FTX. He has blamed the company’s collapse on ignorance and oversight.

Following his arrest in Bahamas, Bankman-Fried was in court for days fighting the move by the U.S. authorities to extradite him before he made a U-turn and accepted to be extradited.

Earlier this month, the U.S. Security and Exchange Commission (SEC) filed civil charges against Bankman-Fried, alleging that he deceptively raised more than $1.8 billion from equity investors since May 2019 by promoting FTX as a safe, responsible platform for trading crypto assets.

“We allege that Sam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto,” said SEC Chair Gary Gensler in a statement.

Both the SEC and the Commodity Futures Trading Commission have filed charges against the three people involved.

“Bankman-Fried and Wang thus gave Alameda and Ellison carte blanche to use FTX customer assets for Alameda’s trading operations and for whatever other purposes Bankman-Fried and Ellison saw fit,” the SEC said.

The complaint further alleges that they were involved “in a multiyear scheme to defraud equity investors in FTX, the crypto trading platform co-founded by Samuel Bankman-Fried and Wang.” Ellison was singled out in the SEC complaint for engaging in artificial manipulation of FTT, FTX’s self-issued token, as part of a broader effort to boost Alameda Research’s available collateral for lending.

In an expanded complaint, the CFTC charges “Ellison with fraud and material misrepresentations in connection with the sale of digital asset commodities in interstate commerce, and charges Wang with fraud in connection with the sale of digital asset commodities in interstate commerce.”

The CFTC said in a statement that Wang and Ellison accepted the claims made against them, and that they’re cooperating with the agency’s ongoing investigation.

“Gary has accepted responsibility for his actions and takes seriously his obligations as a cooperating witness,” Wang’s attorney said in a statement.

Alameda Research, a crypto trading firm, was linked to multiple loans from major crypto firms that have now filed for bankruptcy protection, including Voyager Digital and BlockFi Lending. That is besides the allegation that it was illegally given $10 billion of FTX investors’ funds by Bankman-Fried.

The SEC alleges that both Ellison and Wang, in their respective roles at Alameda and FTX, abetted Bankman-Fried in allegedly defrauding FTX customers. According to the Commission, Wang created a software backdoor in FTX’s platform which allowed Alameda to divert customer funds for its own trades.