The post Is Holding XRP on Robinhood a Mistake? Reddit Users Debate appeared first on Coinpedia Fintech News A concerned Reddit user who bought XRP at $2.50 asked the community whether holding the asset on Robinhood was a mistake, especially if XRP were to rally again. The responses were varied, but many shared strong warnings and better alternatives based on firsthand experience. Why Are Reddit Users Cautious About Robinhood? Many users pointed to past account restrictions and limited wallet access as red flags. One user said, “Robinhood locked my account, and it took years to regain access,” urging others to avoid platforms that restrict control during critical market moments. Another commenter mentioned Robinhood’s controversial decision in 2021 to halt buying of GameStop and AMC stocks. This move led many to believe Robinhood was protecting hedge funds over retail investors , damaging its reputation in the crypto and stock trading communities. What Are the Main Concerns About Holding XRP on Robinhood? Limited control over your assets Lack of full wallet access Risk of being locked out or restricted during volatile periods Trust issues from past incidents Even though Robinhood doesn’t charge fees for simply holding XRP, users felt that ease of use isn’t worth the trade-off if the platform fails to offer control when it matters most. What Platforms Do Reddit Users Recommend Instead? Redditors frequently recommended Uphold and Kraken as better alternatives. Uphold offers full wallet access , enabling users to control their XRP more securely. Kraken was praised for its low fees , easy user experience , and strong security reputation . One user even found Kraken to be the best choice after running comparisons using three different AI tools . Some also discussed Coinbase , pointing out that its fees are around 0.0184% , which could make it a solid long-term option if you’re focused on cost efficiency. Why Do Some Users Still Stick With Robinhood? A few users defended Robinhood, noting that it’s convenient for beginners and doesn’t charge fees for simply holding crypto. They also mentioned it pays out reliably and is still useful for small trades. However, even among supporters, there was an underlying understanding that Robinhood is not suitable for serious or long-term crypto investors . What’s the Safer Long-Term Strategy for Holding XRP? The community largely agreed on this core principle: Don’t leave your assets sitting on exchanges. If you’re planning to hold XRP for the long term: Move your assets to a cold wallet (hardware or offline wallet). Use platforms that allow self-custody to retain full control. Avoid platforms with a history of freezing trades or locking users out. Some users did mention that even cold wallets and off-ramps can experience issues , but self-custody is still considered the safest route , especially during market surges or crashes.
EGRAG CRYPTO, a popular analyst, has shared an updated XRP/BTC chart, reinforcing a long-term bullish outlook grounded in precise technical levels. He referenced an older chart from 2023, which laid the foundation for Elliott Wave analysis. It emphasized the significance of XRP closing above a designated “Area of Confirmation” to validate the projected wave structure. At that time, the Area of Confirmation was defined within a horizontal range, and price targets were outlined in BTC pairings. The digital asset had also completed the first two waves of the Elliott Wave pattern and was about to start Wave 3 with a target of 0.00013582 BTC. Wave 5, the final bullish wave, would have seen the asset rise to 0.00027101 BTC. This target would have placed XRP between $7.5 and $13, assuming Bitcoin remains within the range of $28,000 to $48,000. The analysis assumed that surpassing the Area of Confirmation would provide conviction for the bullish structure to unfold as projected. #XRP / #BTC Area of Confirmation ( $22 – $27): OLD CHART: New Chart: If you understand how I calculated the $22–$27 target and how the measured move is unfolding, you could be one of the winners! To sweeten the deal, I’m giving away a special bonus 3 lucky subscribers… https://t.co/Pz5nSVnzpY pic.twitter.com/iLe2zdcfGR — EGRAG CRYPTO (@egragcrypto) July 2, 2025 Updated Analysis and Fibonacci Targets The new chart, dated July 2, 2025, introduces a refined technical narrative with more emphasis on Fibonacci levels and a broader market structure. A key visual update is the breakout from a long-standing descending channel, indicated in blue, followed by a sharp upward movement. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The new Area of Confirmation is again highlighted, this time placed above the descending resistance zone, aligning around the 0.00003982 BTC level ($4.26 at current prices). The chart marks this as a critical barrier, stating it must be penetrated, underlining its role as a technical threshold. The analysis highlights key Fibonacci levels: 0.5 at 0.00003982 BTC ($4.26), 0.618 at 0.00006135 BTC ($6.71), and 1.0 at 0.00025 BTC ($27.34), with a target zone between 0.786–1.0, approximately 0.00011225 BTC ($12.28) to 0.00025 BTC ($27.34), representing the culmination of the projected move. Where is XRP Going Next? EGRAG CRYPTO expects XRP to fall between $22 and $27 for this cycle. The analyst has consistently repeated the $27 target and shown confidence that the digital asset can hit this lofty target. Notably, a crypto expert recently highlighted multiple bullish factors that could help XRP reach $25 this month , and EGRAG CRYPTO’s analysis has joined the list of bullish factors that could contribute to XRP’s momentum. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. The post Top Analyst Highlights Key Confirmation Zone to Send XRP to $22-$27 appeared first on Times Tabloid .
The post JPMorgan Warns Stablecoin Growth Is Slowing, Predicts $500B Cap by 2028 appeared first on Coinpedia Fintech News Despite all the talk about stablecoins reshaping finance, JPMorgan is pumping the brakes. In a new report, the bank says the stablecoin market is likely to grow to $500 billion by 2028 – much lower than the $1 trillion to $2 trillion predictions being pushed by some others in the industry. Here’s what we’re seeing: the hype around mass adoption doesn’t match what’s actually happening. Read on for the details. Most Stablecoin Demand Still Comes From Crypto Insiders JPMorgan’s research, led by strategist Nikolaos Panigirtzoglou, takes a realistic view of how stablecoins are used today. According to the report, a massive 88% of demand comes from within the crypto ecosystem – things like trading, DeFi activity, and idle treasury funds held by crypto firms. In contrast, payments only make up 6% of stablecoin use. That’s a key reason the bank isn’t buying into the trillion-dollar forecasts. As the report puts it, “We find forecasts for an exponential expansion of the stablecoin universe from $250 billion currently to $1 trillion-$2 trillion over the coming years as far too optimistic.” Not Ready to Replace Banks or Wallet Apps Some analysts believe stablecoins will pull funds away from bank deposits or money market accounts. But JPMorgan disagrees. They say there’s not enough yield, and moving money between crypto and fiat still involves too much friction. The bank also shot down comparisons to China’s e-CNY and popular mobile wallets like Alipay and WeChat Pay, saying those are centralized systems and shouldn’t be used as a benchmark for how stablecoins might grow. Others See a Much Bigger Future Not everyone agrees with JPMorgan’s cautious take. Standard Chartered, in an earlier report, said U.S. legislation, especially the upcoming Genius Act, could be a turning point. They believe regulation could trigger a 10x jump in stablecoin supply, pushing the market to $2 trillion by 2028. “U.S. legislation would further legitimize the stablecoin industry,” t heir analysts wrote, adding that legal clarity could drive rapid growth. Real Growth, But With Limits So what’s the takeaway? Stablecoins are growing, but not as fast or as broadly as some expect. Right now, most of the activity is still inside crypto circles. Until payments and mainstream adoption catch up, growth will likely stay tied to the crypto space. Whether new laws change that story is something to watch. But for now, JPMorgan is betting on slow and steady. And like you know, that often wins the race.
On July 3rd, Bitcoin experienced a notable price adjustment, dipping below the $109,000 threshold, as reported by HT Market data. Despite this decline, the cryptocurrency registered a 24-hour gain of
BitcoinWorld Bitcoin: South Korean Court’s Crucial Ruling Orders Return of Coinone Glitch Funds Imagine waking up to find extra Bitcoin in your crypto wallet, not through a successful trade, but due to a system glitch. Sounds like a dream, right? For some users of the South Korean crypto exchange Coinone in 2018, this was a reality. However, what started as an unexpected windfall has now culminated in a landmark legal battle, with a South Korean court ordering these users to return the excess funds. This ruling isn’t just about a few misplaced BTC; it’s a pivotal moment for digital asset law, highlighting the evolving responsibilities of both exchanges and their users. Bitcoin: A Landmark Legal Victory for Coinone? The recent civil appeal victory for South Korean crypto exchange Coinone marks a significant milestone in the nascent field of cryptocurrency law. In a ruling issued in May, a Seoul court mandated that users who received duplicate Bitcoin (BTC) withdrawals due to a 2018 system error must return the excess cryptocurrency. This decision comes nearly six years after the incident, underscoring the long and complex legal journey involved in resolving disputes within the digital asset space. At the heart of the matter is the principle of “unjust enrichment,” a legal concept that prevents individuals from benefiting unfairly at the expense of another. While this principle is well-established in traditional finance, its application to volatile, decentralized digital assets like Bitcoin presents unique challenges. Coinone’s persistent pursuit of this case, culminating in a favorable appeal ruling, sets a strong precedent for how similar incidents might be handled in the future, not just in South Korea but potentially worldwide. The court’s decision effectively validates Coinone’s claim that these funds were obtained erroneously and were never rightfully the property of the users. This is a clear signal that even in the decentralized world of crypto, traditional legal frameworks can and will be applied to uphold fairness and prevent illicit gains from system malfunctions. Unpacking the 2018 Coinone Glitch: What Happened? The incident that triggered this legal saga occurred in October 2018. During this period, Bitcoin was trading on Coinone against the Korean won at approximately 7.08 million to 7.87 million won, which translated to roughly $5,200 to $5,800 per BTC. For context, this price range is a stark reminder of Bitcoin ‘s incredible journey, being about one-twentieth of its current market value. This significant price appreciation since 2018 adds another layer of complexity and financial magnitude to the court’s order. The BTC Glitch itself allowed some users to execute duplicate withdrawals of Bitcoin . While the exact technical details of the vulnerability were not extensively publicized, such incidents typically stem from issues like: Race Conditions: Where multiple withdrawal requests are processed simultaneously, leading to an unintended double execution before the system can update balances. Database Synchronization Errors: Discrepancies between different parts of the exchange’s database, allowing a withdrawal to be approved without the balance being correctly debited. Insufficient Transaction Locks: A failure to properly lock user accounts during withdrawal processes, enabling repeated requests to be processed against a single initial balance. Regardless of the precise technical cause, the outcome was clear: certain users received more Bitcoin than they were entitled to. At the time, the immediate reaction from the exchange would have been to identify the anomaly, freeze affected accounts, and attempt to recover the funds. However, the path to recovery often proves challenging, especially when users are reluctant to return what they perceive as found money. The fact that this case dragged on for so many years highlights the difficulty in enforcing such claims, particularly when the asset in question is highly liquid and easily transferable across various platforms and jurisdictions. It also emphasizes the importance of robust internal controls and immediate incident response protocols for all crypto exchange platforms. The South Korean Court’s Verdict: Setting a Precedent? The Seoul court’s May ruling is a critical development for the regulatory landscape of digital assets. By ordering the return of the erroneously withdrawn Bitcoin , the South Korean court has unequivocally affirmed that even in the decentralized world of cryptocurrencies, traditional legal principles of ownership and unjust enrichment apply. This ruling sends a strong message: system glitches do not equate to legitimate ownership. Key aspects of the court’s decision likely centered on: Lack of Legal Basis for Possession: The court would have determined that the users had no legal right or basis to possess the duplicate BTC. Their acquisition was purely a result of a technical error, not a legitimate transaction. Unjust Enrichment: This core legal doctrine was undoubtedly central. It asserts that a person should not be allowed to unjustly enrich themselves at the expense of another. The users benefited from Coinone’s error, thus enriching themselves without a valid cause. Identifiability of Funds: While Bitcoin transactions are pseudonymous, exchanges often have internal records linking user accounts to specific transactions. This internal traceability likely played a role in identifying the affected users and the amounts to be returned. This verdict is not merely a win for Coinone; it’s a significant step towards bringing greater clarity and accountability to the cryptocurrency market. It suggests that courts are increasingly willing and able to apply existing legal frameworks to resolve disputes involving digital assets, rather than viewing them as an entirely new class of property exempt from traditional law. This could serve as a powerful precedent for other jurisdictions grappling with similar issues, reinforcing the idea that digital assets, while innovative, are not beyond the reach of the law. For crypto exchange platforms globally, this ruling provides a legal anchor. It empowers them to pursue legal recourse against users who exploit system vulnerabilities or fail to return funds received in error. It also underscores the importance of having clear terms of service that explicitly address such scenarios and outline user obligations. Implications for Crypto Exchanges and User Responsibility The Coinone ruling carries profound implications for both crypto exchange platforms and their user base. For exchanges, the primary takeaway is the reinforcement of their right to reclaim funds lost due to technical errors. However, this right comes with a parallel emphasis on their responsibility to maintain robust, secure systems. For Crypto Exchanges: Enhanced Security Measures: The incident serves as a stark reminder of the critical need for continuous investment in cybersecurity, rigorous testing, and real-time monitoring to prevent and detect system vulnerabilities. Clear Terms of Service (ToS): Exchanges should ensure their ToS explicitly state user obligations regarding erroneously received funds, outlining the consequences of non-compliance. This provides a legal basis for recovery efforts. Prompt Incident Response: Rapid detection, isolation of the issue, and immediate communication with affected users are crucial to mitigate damage and facilitate recovery. Legal Preparedness: Exchanges must be prepared to pursue legal action to recover funds, demonstrating that they will not tolerate unjust enrichment at their expense. For Crypto Users: No “Finders Keepers”: The ruling firmly rejects the notion that funds received due to an exchange glitch are free money. Users are legally obligated to return such funds. Ethical Responsibility: Beyond legal obligations, there’s an ethical imperative to report and return erroneously received assets. Failure to do so can lead to legal action, as seen in this case, and potentially severe financial penalties. Understanding Terms and Conditions: Users should thoroughly read and understand the terms of service of any crypto exchange they use, particularly clauses related to system errors and fund recovery. The Long Arm of the Law: Even after years, and despite the decentralized nature of crypto, legal systems can and will pursue claims for unjust enrichment. The significant appreciation of Bitcoin since 2018 means that the financial burden on users ordered to return funds now is far greater than if they had returned them immediately. This case highlights the growing maturity of the crypto market. As it integrates more deeply into the traditional financial and legal systems, participants must understand that established laws will apply, regardless of the innovative nature of the underlying technology. Beyond the Glitch: The Evolving Landscape of Crypto Regulation The Coinone case is but one example of the increasing formalization of the cryptocurrency space, particularly in countries like South Korea, which has been at the forefront of crypto adoption and regulation. The consistent application of existing laws to novel digital assets reflects a global trend towards greater regulatory clarity and oversight. South Korea has a complex but evolving regulatory framework for cryptocurrencies. Initially, there were strict bans on initial coin offerings (ICOs), but the country has since moved towards a more comprehensive approach, including licensing requirements for crypto exchange platforms and anti-money laundering (AML) regulations. This commitment to regulating the space is driven by a desire to protect investors, prevent financial crimes, and foster a stable environment for innovation. Globally, regulators are grappling with similar questions: How do we classify digital assets (securities, commodities, property)? How do we protect consumers from scams and operational failures? How do we ensure financial stability in a rapidly evolving market? How do we prevent the use of cryptocurrencies for illicit activities? The Coinone ruling, specifically concerning the ownership and recovery of Bitcoin obtained through error, contributes to this evolving legal tapestry. It provides a concrete example of how courts are interpreting digital asset ownership within existing legal frameworks, adding to the growing body of case law that will ultimately shape future regulations. As the market matures, we can expect more such rulings, further defining the rights and responsibilities of all participants in the crypto ecosystem. This continuous legal refinement is crucial for fostering trust and mainstream adoption of Bitcoin and other digital currencies. Actionable Insights for Crypto Users and Platforms In light of the Coinone verdict, both individuals and entities operating within the cryptocurrency space should take proactive steps to safeguard their interests and ensure compliance. For Individual Crypto Users: Stay Informed: Keep abreast of regulatory changes and significant court rulings in your jurisdiction and those of the exchanges you use. Review Exchange Terms: Always read the terms and conditions of any crypto exchange carefully. Understand their policies on glitches, errors, and fund recovery. Report Errors Immediately: If you ever receive funds in error, report them to the exchange immediately. Document your communication. This not only fulfills your legal and ethical obligation but can also protect you from future legal action. Do Not Assume “Free Money”: The Coinone case clearly demonstrates that funds received due to a glitch are not yours to keep. Attempting to profit from such errors can lead to severe legal and financial repercussions. Practice Self-Custody for Long-Term Holdings: While exchanges offer convenience, consider moving significant long-term Bitcoin holdings to a personal hardware wallet. This reduces reliance on exchange security and minimizes exposure to exchange-specific operational risks. For Crypto Exchange Platforms: Invest Heavily in Security Audits: Regular, independent security audits are paramount to identify and rectify vulnerabilities before they are exploited. Implement Robust Monitoring Systems: Real-time anomaly detection systems can flag unusual transactions or balances, allowing for immediate intervention. Develop Clear Recovery Protocols: Have a well-defined plan for how to handle system errors, including communication strategies, fund freezing procedures, and legal recourse options. Educate Your Users: Proactively inform users about their responsibilities regarding erroneously received funds through clear communication channels and user agreements. Collaborate with Regulators: Engage constructively with regulatory bodies to help shape fair and effective legal frameworks for the digital asset industry. This proactive approach can lead to more predictable outcomes in future disputes. The Coinone ruling is a powerful reminder that the crypto world, while innovative, is not immune to the laws that govern traditional finance. Adhering to best practices and understanding legal obligations are essential for sustainable growth and maintaining trust within the ecosystem. The South Korean court ‘s decisive ruling in the Coinone Bitcoin glitch case serves as a critical juncture in the evolution of cryptocurrency law. It firmly establishes that the principles of unjust enrichment apply to digital assets, underscoring the legal responsibilities of users who receive funds in error and the rights of exchanges to reclaim them. As the crypto market continues its journey towards mainstream adoption, such legal precedents are vital for fostering a more secure, predictable, and trustworthy environment for all participants. This case is a stark reminder that while technology moves fast, the wheels of justice, though sometimes slow, will ultimately turn to ensure fairness and accountability in the digital realm. To learn more about the latest Bitcoin and crypto exchange trends, explore our article on key developments shaping Bitcoin ‘s price action and institutional adoption. This post Bitcoin: South Korean Court’s Crucial Ruling Orders Return of Coinone Glitch Funds first appeared on BitcoinWorld and is written by Editorial Team
The crypto market is abuzz with strategic maneuvers as AGNT aims to echo past successes. Leveraging the power of AI, it seeks to rival the astonishing rise of PEPE. Recent surges in cryptocurrencies have intrigued investors, igniting curiosity over potential skyrocketing assets. Codename:Pepe crypto enters this dynamic landscape, challenging deceptive AI claims with genuine intelligence. Inspired by PEPE's impressive gain, it introduces innovative strategies for profit maximization. By tapping into community-driven momentum, this initiative promises significant intrigue and potential. Enthusiasts are eager to see how it unfolds amidst the ongoing market bull run. Codename:Pepe Sells Out Presale in Record Time, $AGNT Eyes 1000x Surge Codename:Pepe, the latest entrant in the meme coin arena, has successfully concluded the presale of its native $AGNT tokens ahead of schedule and is now preparing for its upcoming listing on a major cryptocurrency exchange. By merging AI-powered functionality with the viral appeal of meme coins, Codename:Pepe taps into two of the most dominant trends in the crypto space today. $AGNT Presale Sells Out Early Amid growing investor enthusiasm for AI-driven crypto ventures, Codename:Pepe completed all 28 stages of its $AGNT token presale in just a few months, well ahead of expectations. The swift sellout underscores strong community interest and bullish sentiment surrounding the project. Source: Codename:Pepe X account Next on the roadmap is the Token Generation Event (TGE) and exchange listing. Within the community, anticipation is building that $AGNT could soar as much as 1000x from its presale launch price. Why $AGNT Could Be the Next 1000x Meme Coin Codename:Pepe is engineered to be a smart, adaptive platform. According to its developers, the AI framework is designed to: Spot Emerging Meme Coins Analyze Market Sentiment Deliver Actionable Trading Insights Optimize Automated Trading The development team is actively enhancing both AI capabilities and blockchain integration, ensuring the platform evolves in tandem with the broader crypto ecosystem. Codename:Pepe brings together two of the most compelling forces in today’s market: AI innovation and meme coin virality. With a focus on real utility, intelligent automation, and community-powered growth, it stands out among the latest wave of crypto launches. As the listing date approaches and momentum builds, the limited presale supply and tiered pricing model could make $AGNT one of the top-performing tokens post-launch, possibly achieving 1000x growth from its presale price. Grab the Next 1000x Meme Coin — Get Ready for $AGNT Listing Now Pepe Coin Tests Key Resistance: Price Set for a Move? Pepe (PEPE) is currently trading between $0.000009227 and $0.000011033. The coin has shown stability in this range, but traders are watching closely as it approaches a crucial resistance level. The nearest resistance stands at $0.000011662. If PEPE breaks through this level, it could signal a significant upward move. A rise from the lower end of its current range to this resistance would be about a 26% increase, attracting more attention from investors. On the downside, the nearest support is at $0.000008050. This level has held firm recently. A drop from the upper end of the current range to support would be around a 27% decrease. This support could prevent further declines if the price slips. Based on the data, PEPE has the potential to rise if it overcomes the resistance at $0.000011662. Traders should watch for a breakout or a dip to gauge the coin's next direction. The coming days could be pivotal for PEPE's price movement. Conclusion Tokens like PEPE have shown impressive past gains but may offer less potential in the short term. Codename:Pepe crypto stands out by using real artificial intelligence to help investors make money in the unpredictable meme coin market. Instead of making empty promises, this project provides valuable trading signals and automated strategies to maximize profits. This community-driven mission encourages investors to secure their positions now. Holding Codename:Pepe crypto unlocks exclusive membership in a secret DAO, access to insider strategies, and participation in decision-making. With a capped supply and rewards for loyal participants, Codename:Pepe crypto offers a unique opportunity for those ready to capitalize on intelligent crypto trading today. Find out more about Codename:Pepe crypto here: Codename:Pepe ($AGNT) Website Codename:Pepe ($AGNT) Telegram Codename:Pepe ($AGNT) Twitter/X Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Australian cryptocurrency billionaire Tim Heath escaped a kidnapping and extortion attempt in Estonia by biting off part of his assailant’s finger. As reported by local media outlet Eesti Ekspress, an Estonian court heard his testimony last week, apparently confirmed through DNA evidence from a severed bit of finger found near the scene. During the court proceedings, Heath recounted how he was attacked by two men posing as painters in the stairwell of his apartment building in July last year. One of the attackers, Azerbaijani national Allahverdi Allahverdiyev — a former boxer and wrestler — seized him from behind as he ascended the stairs and attempted to place a hand over his mouth to silence him. The attackers planned to force Heath into a van, but he instinctively bit down hard, severing part of the assailant’s index finger. He then managed to break free and hide in his apartment in Tallinn’s Old Town. Heath said he lost a tooth during the attack. The kidnappers fled shortly after, abandoning the white van nearby. The court heard that DNA evidence later confirmed part of the severed finger was found in the street 100 meters away from the scene of the attack. Heath is the founder of Estonian-based Yolo Group and its venture capital arm, Yolo Investments, a crypto-focused gaming and fintech company headquartered in Tallinn. Heath is estimated to have a net worth of 2.46 billion Australian dollars ($1.61 billion). Kidnapping Plot Was Months In The Making Court testimony reveals the attack was prepared through months of planning. The group of seven kidnappers had used GPS trackers and burner phones to watch Heath’s movements, with one carrying a fake Azerbaijani passport. They also purchased painters’ uniforms and other items from local hardware stores days before the attack so they could pose as workers. Moreover, one of the attackers rented a sauna house nearby, where they planned to use as a holding site to force him to transfer his crypto holdings. It is reported that Heath has spent over $3.1 million on private security since the botched kidnapping attempt and has changed homes. His lawyers are seeking restitution of those costs from the accused attackers. Yet prosecutors told the court that the threat is still far from over, as Heath received an anonymous message weeks after the attack on Telegram, along with photos of his apartment and a demand for 30 Bitcoins (worth about $3.2 million at the time).
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Russian companies are offering investment insurance policies tied to the value of Bitcoin, the leading cryptocurrency by market capitalization. The new products expand crypto investment opportunities in Russia that have been growing since its central bank permitted the offering of derivatives based on decentralized digital assets. Russian insurers offer policies linked to American Bitcoin ETFs Two insurance firms, Renaissance Life and BKS Life Insurance, have announced crypto-related investment products on the Russian market, the Bits.media news outlet revealed on Wednesday. Renaissance Life is launching a Bitcoin-linked life insurance policy under its “Cryptocapital” program. It will provide up to 60% return on the growth of U.S. exchange-traded funds (ETFs) that track the price of Bitcoin (BTC). The policy is valid for two years with a minimum down payment of 1.5 million Russian rubles ($19,000), the report detailed. If a client invests that amount and the value of Bitcoin doubles during the period, they will eventually receive 2.4 million rubles (over $30,000) before tax, explained Oleg Kiselev, the company’s chief executive. And if the value of the cryptocurrency falls below the amount of the down payment, the investor will get 1.5 million rubles back, the CEO promised. Investors will have to spend at least 3 million rubles ($38,000) for the three-year policy linked to Bitcoin ETF futures that BKS Life Insurance is offering. Holders will be able to adjust the share of an asset included in the policy’s investment portfolio throughout the entire period, depending on market conditions. The unique crypto products will be available to qualified investors by the end of the year, the Russian companies said. Moscow Exchange to expand crypto futures offerings The yield of the new investment life insurance policies is linked to the growth of the shares of BlackRock’s iShares Bitcoin Trust ETF (IBIT) through futures contracts traded on the Moscow Exchange (MOEX). Russia’s largest stock market started trading Bitcoin futures last month, shortly after the Central Bank of Russia authorized the sale of crypto derivatives to “ highly qualified investors ” in late May. Its initial offering is based on IBIT, the largest Bitcoin ETF by capital under management. The fund holds an estimated $70 billion in BTC, accounting for more than half of the capital of all U.S. Bitcoin ETFs. Later in June, the Russian platform announced it would offer a new futures contract on its own recently introduced Moscow Exchange PFI Bitcoin Index (MOEXBTC), calculated using price data from some of the largest global crypto exchanges. This week, the Managing Director of the Moscow Exchange, Maria Patrikeeva, revealed that the exchange is preparing to increase the number of listed crypto investment products. The executive explained that Russia’s current regulations allow the launch of derivative financial instruments using cryptocurrency-linked securities as underlying assets and elaborated: “These instruments are in demand by both professional market participants and qualified investors. Besides the futures contract on the iShares Bitcoin Trust ETF, we may consider other funds, for example, BlackRock’s ETF on Ether.” Patrikeeva highlighted that the contract on IBIT is already among the top 30 offerings on the Russian futures market. Since its launch on June 4, the product has already reached a daily trading volume of 1 billion rubles ($12.7 million). The MOEX official insisted that the exchange intends to play an active role in the future development of the Russian market for this new class of crypto-related assets within the country’s existing regulatory framework. Financial authorities in Moscow, namely the Bank of Russia and the Ministry of Finance, have stubbornly maintained that only qualified investors should have access to cryptocurrencies and their derivatives. However, according to a recent estimate , Russians already hold over $25 billion in crypto. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage