Two managers of the crypto platform OmegaPro, who were under investigation for billion-dollar fraud, have been arrested in Turkey, according to a Turkish media report. Dutch managing director Robert V. was arrested in Istanbul on Tuesday, following the arrest of Swedish co-founder Andreas S. in July, reports the Telegraaf.

The two executives founded the crypto platform in 2018 and registered it in the Caribbean shortly afterwards. The company was headquartered in Dubai. Their success came quickly, and the company recorded profits of 4 billion dollars within a short period of time.

The two fraudsters’ strategy was to lure investors with very high profits. OmegaPro promised investors returns of “up to 300 percent over a maximum period of 16 months,” according to the newspaper. Thousands of investors then invested in the company.

At the end of February, the French public prosecutor’s office launched an investigation into OmegaPro’s dubious trades. According to the Telegraaf, around 2,000 victims in France have filed charges of fraud and misleading business practices by an organized gang.

Turkish police recently confiscated the two suspects’ computers, mobile devices, and 32 crypto wallets, from which transactions worth more than 160 million euros were traced.

The Turkish authorities assume that the fraudulent company in the Ponzi scheme was not acting alone but was linked to Ruja Ignatova. The Bulgarian, internationally known as the “Crypto Queen,” founded OneCoin in 2014, which was also investigated for fraud. Since then, she has disappeared without a trace.

It’s hard to beat the growth potential of cryptocurrencies. Ark Invest founder Cathie Wood, for instance, believes that Bitcoin has more than 2,000% in long-term upside. But some stocks have just as much room for growth. If you’re looking for maximum upside, these two stocks are for you.

This AI stock has been a rocket

No list of stocks with massive upside would be complete without a mention of Nvidia (NASDAQ: NVDA). Few investments have ever risen as quickly as the chipmaker. A $1,000 investment made five years ago would already be worth more than $26,000. Yet Wall Street analysts still believe there’s more than 30% in gains to come in the next 12 months. Given that Nvidia’s market cap is now around $2.6 trillion, it can be hard to picture how it would deliver further huge gains in the near term. But there are several reasons for optimism.

The same catalyst that has sent Nvidia stock soaring will not only be in place for the next several decades, but should strengthen significantly over time. In many ways, the story of Nvidia is still very much in its early innings. That’s because the company’s biggest source of growth is the rapid rise of AI technologies that rely on its high-end graphics processing units (GPUs) to function.

Gone are the days when Nvidia’s financial situation was dictated by gaming and small use cases. Today, there’s an arms race for the components that enable AI research and innovation — and Nvidia’s got the goods everyone wants.

According to estimates from BIS Research, the AI industry’s spending on semiconductors totaled around $15 billion last year. But spending has already picked up dramatically in 2024, providing a tailwind that has more than doubled Nvidia’s revenues over the past 12 months.

BIS Research expects that spending to increase by nearly 32% over the next several years, with plenty more growth expected beyond that. Nvidia has an estimated 90% market share in AI GPUs, positioning it to capture the lion’s share of this long-term growth trend. Nvidia should also directly benefit from the rise of crypto, as it specifically designs many of its GPUs for cryptocurrency mining.

What’s the one category that could outpace the entire value of the crypto industry? AI. And in that arena, Nvidia is the stock to bet on.

Diversify your portfolio with this fintech

Nvidia’s market cap will likely prevent it from rising by another 1,000% anytime soon. But there’s one fintech stock that has the potential to do so: Nu Holdings (NYSE: NU).

Most investors have never heard of Nu, even though it has a market cap of nearly $70 billion. That’s because the bank operates exclusively in Latin America, and the only way to access its services is via smartphones. Its strategy upended Latin America’s banking industry a decade ago. Instead of building and operating costly physical branches, Nu offered its services directly to consumers online. This lowered costs, allowing it to compete aggressively on price and offerings.

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Moreover, it allows Nu to innovate faster than the competition. When the company launched its Nu Cripto platform — a service that allows people to buy, sell, and transact in various cryptocurrencies — it attained 1 million users in a matter of months. Innovations like this help explain how Nu has gone from essentially zero customers a decade ago to more than 100 million today.

But Nu is far from done growing. There are more than 650 million people in Latin America, and Nu has proven its ability to penetrate markets quickly. More than half of all Brazilian adults are now Nu customers, and Nu has been replicating its playbook in new markets like Mexico and Colombia.

Analysts expect sales growth to be around 44% this year, followed by another 30% in 2025, and there’s a good chance that Nu will maintain double-digit percentage growth rates through the next decade and beyond. This is a long-term story, but Nu has the potential to match or exceed the performance of most major cryptocurrencies.

Should you invest $1,000 in Nvidia right now?

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The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

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Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool recommends Nu Holdings. The Motley Fool has a disclosure policy.

2 Tech Stocks With More Potential Than Any Cryptocurrency was originally published by The Motley Fool

Cryptocurrency Prices Today (September 8): The broader market today regained an upward movement after a slumping action recently. Bitcoin (BTC) price reattained the $54K level, whereas Ethereum (ETH), Solana (SOL), and XRP traded dominantly in the green territory.

Meanwhile, the global crypto market cap soared 1.28% in the last 24 hours to reach $1.93 trillion. However, the total market volume saw a phenomenal 56.43% decrease in value to $42.88 billion.

Here’s a brief overview of some of the leading cryptocurrencies by market cap and their price action today, September 8.

Cryptocurrency Prices Today Show Signs Of Recovery

Notably, after a recent crypto market crash, today’s gains have reverberated optimism among traders and investors across the globe. BTC, ETH, SOL, and XRP prices gained nearly 1%-3% in the past 24 hours. Also, Dogecoin (DOGE) surfed among the day’s top gainers list. Let’s delve deeper into the crypto prices today.

Bitcoin Price Today

BTC price gained nearly 1% in the past 24 hours to trade at $54,318. The coin’s 24-hour low and high were recorded as $53,799.05 and $54,838.15, respectively.

Soso value data illustrated Bitcoin ETFs registering a weekly outflow of $706.19 million as of September 6. This marks the largest weekly outflows since the exchange-traded product’s inception this year.

Simultaneously, Bitcoin’s dominance stood at 55.71%, a 0.21% decrease over the past day. The flagship crypto’s market cap rested at $1.07 trillion.

Ethereum Price Today

ETH price gained nearly 2% in the past 24 hours to trade at $2,281. The coin’s intraday low and high were recorded as $2,237.41 and $2,310.19, respectively.

Spot Ethereum ETFs recorded $91.04 million in weekly outflows as of September 6. Nonetheless, ETH regained a pump as the week closed, igniting investor curiosity.

Solana Price Today

The crypto SOL’s price pumped slightly above 2% to reach $128 today. The coin’s 24-hour low and high were $125.19 and $129.29, respectively. Solana’s market cap rested at $59.86 billion.

XRP Price Today

Meanwhile, XRP price today increased by 1% to sit at $0.5275. The coin’s intraday low and high were $0.5221 and $0.5327, respectively. XRP’s market cap rested at $29.72 billion today.

Meme Coins Prices Today

Simultaneously, Dogecoin (DOGE) price gained nearly 6% in the past 24 hours and is currently trading at $0.09609. Even Shiba Inu (SHIB) price soared 1% to $0.00001293 today. PEPE, WIF, and FLOKI gained slightly over 1% in the past 24 hours.

Top Cryptocurrency Gainers Prices Today

SATS

1000SATS price surged 9% in the past 24 hours and is currently trading at $0.0003332. Its intraday low and high were $0.0003041 and $0.0003438.

Quant

QNT price soared 8% over the past day to reach $61.67. The coin’s 24-hour low and high were $57.02 and $63.69.

Gala

GALA price gained 8% in the past 24 hours to reach $0.0185. Its 24-hour low and high were $0.01724 and $0.01879.

Top Cryptocurrency Losers Prices Today

Litecoin

LTC price slipped 3% in the past 24 hours to reach $61.76. Its 24-hour low and high were $61.74 and $64.09, respectively.

DOGS

TON-based DOGS waned nearly 1.5% in the past 24 hours to reach $0.001017. The coin’s 24-hour low and high were $0.0009957 and $0.001063, respectively.

Helium

HNT price fell 0.6% over the past day to reach $7.99. The coin’s intraday low and high were $7.76 and $8.45, respectively.

Besides, the hourly time frame charts continued to solidify investor optimism on the cryptocurrency prices today. BTC price gained 0.14%, whereas ETH price gained 0.17%.

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.