The world of cryptocurrency fundraising, particularly during the Initial Coin Offering (ICO) boom of 2017-2018, was often seen as a wild frontier. While it unlocked significant capital for many projects, it also came with inherent risks due to limited oversight. Now, years later, serious crypto allegations have emerged regarding how funds from one prominent ICO were allegedly used. Reports suggest that the Bankera founders , the team behind the crypto fintech firm, may have diverted a substantial portion of the capital raised during their 2018 ICO not towards project development, but towards acquiring opulent assets, specifically luxury real estate around the globe. What Were the Allegations Against Bankera Founders? According to investigations by the Organized Crime and Corruption Reporting Project (OCCRP), as reported by Cointelegraph, the core allegation centers on the alleged misuse of ICO funds raised by Bankera. The firm conducted its ICO in 2018, a period when such fundraising methods were at their peak popularity, attracting significant investment from a global pool of eager crypto enthusiasts and investors. Bankera successfully raised a considerable sum, reportedly totaling around €100 million, which was equivalent to approximately $114 million at the time. The concerning part of the report details a complex financial maneuver allegedly employed by the Bankera founders . It’s claimed that nearly half of the staggering €100 million raised was not held for operational expenses or project development as promised to investors. Instead, this significant portion of the ICO funds was allegedly transferred to a bank based in Vanuatu, a South Pacific island nation often associated with offshore finance. Crucially, this Vanuatu-based bank was reportedly owned by the founders themselves. This structure allegedly allowed the founders to maintain control over the funds outside the direct purview of the Bankera project itself. The report suggests that this offshore bank then proceeded to issue millions of euros in loans. Who received these loans? Not external parties or even necessarily Bankera itself for its stated business goals, but reportedly affiliated companies controlled by the same founders. This intricate web of transactions forms the basis of the crypto allegations . How Were ICO Funds Allegedly Used for Luxury Real Estate? The next crucial step in the alleged scheme involves how the funds from these loans were ultimately utilized. The OCCRP investigation claims that the capital obtained through these loans from the founder-owned bank was then channeled into acquiring high-value, non-business-related assets. Specifically, the report points to the purchase of luxury real estate in various locations. Examples cited include: A lavish villa located on the prestigious French Riviera. Multiple real estate properties within Lithuania, the country where the Bankera project was originally based and where many of its operations were centered. This alleged use of funds stands in stark contrast to the typical expectations surrounding ICO investments, where capital is ostensibly raised to build and scale the underlying blockchain project, develop technology, market the product, and onboard users. The acquisition of personal luxury real estate using funds designated for a business venture constitutes a significant breach of trust and potentially a violation of financial regulations, depending on the jurisdiction and how the ICO was structured and promoted. The Dark Side of Crypto Fundraising: Understanding Crypto Misuse This case, if the allegations prove true, serves as a stark reminder of the potential for crypto misuse within the relatively unregulated environment that characterized the early ICO era. The appeal of ICOs for project teams was the ability to raise large sums of money quickly, often without the stringent requirements and oversight associated with traditional venture capital or public offerings. However, this freedom came at a cost. Investors were often relying solely on whitepapers and marketing materials, with little visibility into how the raised funds were being managed or spent. The lack of mandatory audits, regulatory compliance, and robust governance structures in many ICOs created fertile ground for potential abuse. The alleged actions by the Bankera founders , if confirmed, represent a classic example of how funds intended for a specific business purpose can allegedly be diverted for personal gain through complex financial structures. The challenges of preventing crypto misuse stem from several factors: Lack of Central Authority: The decentralized nature of blockchain makes it harder for a single entity to oversee fund management across borders. Complexity of Transactions: Tracing funds through various wallets, exchanges, and potentially offshore accounts can be difficult. Regulatory Arbitrage: Projects could launch ICOs from jurisdictions with minimal oversight, making it harder to enforce rules. Investor Inexperience: Many early ICO investors were new to finance and didn’t fully understand the risks involved or the due diligence required. This alleged incident highlights the critical need for transparency and accountability in crypto fundraising, lessons that the industry has been slowly learning and implementing through stricter regulations and evolving best practices. Lessons Learned: Protecting Yourself from Crypto Allegations and Misuse For anyone considering investing in crypto projects, especially in nascent fundraising rounds, the Bankera allegations offer valuable, albeit cautionary, lessons. While the regulatory landscape has evolved significantly since 2018, and ICOs are less common now compared to other methods like IEOs or token sales on regulated platforms, the principles of due diligence remain paramount. Here are some actionable insights for investors: Research the Team: Who are the founders and key team members? Do they have relevant experience? Have they been involved in other successful (or unsuccessful) projects? Look for red flags in their background. Understand the Project: What problem does the project solve? Is the technology viable? Is there a clear business plan? Be wary of projects with vague goals or unrealistic promises. Examine the Tokenomics: How is the token used within the ecosystem? What is the total supply? How are funds from the sale allocated (development, marketing, legal, team)? Look for transparency in the breakdown of how ICO funds (or funds from any token sale) will be used. Check for Audits and Transparency: Does the project undergo code audits? Are their financials transparent? Do they provide regular updates on fund usage and development progress? Assess Regulatory Compliance: While early ICOs often lacked this, modern projects often aim for compliance. Understand where the project is based and what regulations it adheres to. Be Wary of Complex Structures: As seen in the Bankera case, complex offshore structures or unusual financial arrangements should raise immediate red flags. Why are funds being routed through founder-owned entities? Start Small: Only invest what you can afford to lose, especially in early-stage projects. Seek Independent Advice: Consult with financial or legal professionals familiar with the crypto space if you are considering significant investments. The alleged actions of the Bankera founders underscore the importance of verifying that the people you are entrusting your capital to have a clear plan for deploying those funds towards the stated goals of the project, rather than towards personal enrichment through assets like luxury real estate . The Impact of Crypto Allegations on Trust and Regulation Cases like the one involving Bankera founders and their alleged use of ICO funds for personal assets have a ripple effect across the entire cryptocurrency ecosystem. They erode investor trust, make it harder for legitimate projects to raise capital, and inevitably invite increased scrutiny from regulators worldwide. These types of incidents provide ammunition for critics who view the crypto space as rife with scams and lacking accountability. Since the 2018 ICO peak, regulators globally have indeed stepped up their efforts to bring digital asset activities under existing or new legal frameworks. Securities regulators have taken action against projects deemed to have conducted unregistered securities offerings. Efforts are underway to enhance transparency, combat money laundering (AML), and implement know-your-customer (KYC) procedures across the industry. While progress is being made, the challenge remains significant given the global and borderless nature of cryptocurrencies. The alleged Bankera incident serves as a historical example illustrating why this regulatory evolution was, and continues to be, necessary to protect investors and foster a more mature and responsible crypto market. It highlights the gap that existed when large sums of money could be raised with minimal oversight on how those funds were managed post-sale. What Happens Next in the Bankera Case? As of the reports, these are primarily allegations stemming from journalistic investigation. The next steps would typically involve: Further Investigation: Regulatory bodies or law enforcement in relevant jurisdictions (Lithuania, Vanuatu, potentially others where investors are located) may launch formal investigations based on the OCCRP’s findings. Legal Action: If investigations uncover sufficient evidence of wrongdoing, criminal charges or civil lawsuits could be filed against the Bankera founders and associated entities. Investors might also pursue civil litigation to recover lost funds. Asset Recovery: Authorities or victims might attempt to trace and seize assets, including the alleged luxury real estate , that were purportedly purchased with the misused funds. The path to resolution in such cases can be long and complex, especially when involving international transfers and offshore jurisdictions. However, the public airing of these crypto allegations puts pressure on relevant parties and authorities to investigate thoroughly. Conclusion: A Cautionary Tale About ICO Funds and Accountability The allegations surrounding the Bankera founders and the alleged misuse of ICO funds for purchasing luxury real estate serve as a significant cautionary tale from the earlier days of crypto fundraising. While ICOs offered a revolutionary way for projects to bootstrap development, the lack of stringent oversight created opportunities for potential crypto misuse . This case, brought to light by investigative journalism, underscores the critical importance of transparency, accountability, and robust governance in the digital asset space. For investors, it reinforces the necessity of conducting thorough due diligence before committing capital to any project, no matter how promising the technology or whitepaper may seem. As the crypto market matures, incidents like this highlight the ongoing need for regulatory clarity and the industry’s own commitment to ethical practices to build and maintain long-term trust. To learn more about the latest crypto market trends and regulatory developments, explore our article on key developments shaping cryptocurrency investment and accountability.
Ethereum Foundation’s recent management overhaul aims to enhance operational efficiency and user-centric features, signaling a significant shift in strategy. Market analysts note a gradual increase in Ethereum’s trading volume following
XRP’s price has been on the move lately. Over the past seven days, it increased by more than 9% and is currently trading at around $2.30. In this article, we take a closer look at the top 5 XRP price predictions to watch as we approach the month of May. Will the old saying “sell in May and go away” turn out to be true once again? 5 Ripple (XRP) Price Predictions to Watch in May First in line we have an analysis from the popular analyst on X using the monicker Ameba. He took it to social media recently, to reveal that the first target he is looking at is located at around $2.90. This would represent an increase of around 26%. I wanted to see a tap of [the] mid range, which is what happened over the weekend shortly after [the] weekly open. The next play wto the upside would be above the mid range for me, on a potential breakout scenario. Source: X It appears that this particular notion is also supported by another trader. Joe Swanson bases his analysis on an inverse Head & Shoulders pattern which, according to him, has been broken to the upside, confirming a bullish wedge breakout and flipping the key resistance to support, while also forming a higher low. Momentum [is] building for a storng move up! – He said, attaching a chart with a $3 price prediction in the short term. Duo Nine, a well-known trading analyst noted in a Ripple price analysis for CryptoPotato that even if the bulls are able to make it to $3, they would have to face a considerable selling pressure. That’s stemming from the fact that this level has been tested twice in the near past. The XRP price got rejected twice there. Another XRP price prediction comes from Crypto Virtuos, who told his 81,000 followers that the next target to keep an eye on is $2.5. This would represent an increase of around 10% from current prices. As previously posted, XRP has broken out and is looking strong. Initial target is $2.5. This is the biggest hurdle on the way right now. Start of the week looks good. Source: X More Shocking XRP Price Predicitons While the above three seem more conservative to the opportunistic traders, here are some wild and borderline unrealistic Ripple price predictions . Some of the following are not predicted to happen in May but are worth watching nonetheless, especially if the fundamentals behind them start yielding merit. First in line, we have Oscar Ramos. He cited an analysis by Bitwise, outlining that when XRP ETFs are approved in the US, the asset’s price will go parabolic. His target is around $29 by 2030. Next in line is another popular XRP price commentator on X called Brett, who said XRP could reach between $33 and $50 by 2027, citing Sistine Research. This would materialize a rally between 1500% and 2500%. And lastly, the most outrageous prediction for XRP’s valuation . John Squire, a social media influencer with around 500,000 followers said that it’s possible for the cryptocurrency to reach $100. Of course, to sound the side of objectivity, this would put XRP’s total market cap at around $6 trillion, which is twice as large as the entire crytpocurrency market right now. Why is the XRP Price Up This Week? Price predictions aside, it’s worth noting that there are some fundamental developments behind XRP’s recent price movements . The most evident one is that ProShares received the SEC’s approval to launch three separate XRP ETFs. Namely, these are the Ultra XRP ETF (2x leverage), Short XRP ETF, and Ultra Short XRP ETF (-2x leverage). As the names suggest, these are not spot XRP ETFs – they are based on derivative products and do not require ownership of the underlying asset. Although this is not what the community expected, the positive impact on the market seems clear as many investors take it as a positive signal coming from the country’s financial watchdog. The post Top 5 Ripple (XRP) Price Predictions to Watch in May appeared first on CryptoPotato .
Blink, and the crypto world shifts again. Just when it felt like Solana and Cardano were locking horns for smart contract supremacy, a bold player named Qubetics came flying off the bench, throwing a wild new curveball into the game with real-world asset tokenization. Wild, right? Meanwhile, Solana’s still speeding along, handling a boatload of transactions per second like it’s no big deal. Cardano? Quietly powering up behind the scenes, dropping smart contract upgrades and building out the kind of DeFi ecosystem that could finally flip the script in 2025. Folks are tuning in because missing the next breakout feels like getting left out of a backyard BBQ that everybody talks about for months. But here’s the kicker: Qubetics isn’t just doing the same ol’ thing with fancier packaging. It’s stepping into real-world finance problems, bridging blockchain with businesses, individuals, and global payments in ways that Solana and Cardano never quite nailed. With the Qubetics ($TICS) crypto presale roaring through its 32nd stage — over 510 million tokens sold to 25,400+ holders and $16.5 million already raised — this beast might just be the missing link the crypto world’s been craving. Qubetics: Solving Real-World Problems Through Asset Tokenization Qubetics isn’t trying to play catch-up. It’s rewriting the whole playbook. With its Real World Asset Tokenization Marketplace, Qubetics is making it insanely easy for businesses, professionals, and individuals to take their physical assets and bring them to the blockchain. No more jumping through hoops with third-party platforms or sketchy intermediaries. Right now, during its 32nd presale stage, $TICS tokens are priced at $0.2093 each. Over 510 million tokens have already been snatched up, which means this train’s already running at full steam. Some top analysts are throwing around eye-popping numbers: $TICS at $1 = 377% ROI $TICS at $5 = 2,288% ROI $TICS at $15 after mainnet launch = 7,066% ROI And it’s not just about hype. It’s about real use cases. With Qubetics’ decentralized multi-chain wallet and frictionless cross-chain swaps, folks can finally manage, swap, and tokenize assets without getting tangled in tech headaches. Plus, the upcoming QubeQode IDE could change how smart contracts are built — making blockchain development accessible for, like, actual humans. Solana’s Strategic Expansion and Institutional Interest Solana is making significant strides in expanding its ecosystem and attracting institutional interest. A recent report by Coinbase highlights a growing trend of corporate treasuries migrating to Solana, indicating a shift towards more scalable and efficient blockchain solutions. This move is seen as a response to Solana’s high throughput capabilities and lower transaction costs, making it an attractive option for businesses seeking to leverage blockchain technology for various applications. The report suggests that while this trend is still in its early stages, the potential for increased institutional adoption could have a substantial impact on Solana’s growth and integration into mainstream financial systems. In addition to institutional interest, Solana’s ecosystem is experiencing technological advancements that aim to enhance its performance and scalability. The development of the Firedancer validator client, designed to increase transaction speeds significantly, is a notable example. This initiative underscores Solana’s commitment to addressing scalability challenges and positioning itself as a leading platform for decentralized applications. Furthermore, the network’s focus on real-world asset tokenization and decentralized physical infrastructure networks (DePIN) demonstrates its ambition to cater to high-throughput sectors, potentially solidifying its role in the future of decentralized finance and beyond. Cardano (ADA): Smart Contract Stability Cardano (ADA) has recently experienced a notable shift in market dynamics. After a period of sustained gains, ADA faced a downturn, aligning with a broader market correction. Despite this, it has maintained a critical support level, indicating resilience among its holders. This stability amidst market fluctuations underscores Cardano’s robust infrastructure and the confidence of its community. As the cryptocurrency landscape continues to evolve, ADA’s ability to hold its ground may position it favorably for future developments. Real World Asset Tokenization Marketplace: Qubetics’ Secret Weapon When folks talk about tokenization, it can sound like some nerdy buzzword. But here’s why Qubetics’ Real World Asset Tokenization Marketplace matters: Fractional Ownership: Own a slice of that downtown office building without needing $10 million lying around. Global Access: Assets like art, real estate, or intellectual property become tradable 24/7 across the planet. Faster Settlements: Forget weeks of paperwork; tokenized assets can change hands in minutes. Compliance First: Built-in adherence to major regulations like MiCA, SEC, and FATF rules. By tokenizing real-world assets and making them available on a user-friendly marketplace, Qubetics is gearing up to be the Amazon of blockchain assets. This could unlock trillions—yeah, trillions-of — of dollars stuck in illiquid assets today. Sounds like a no-brainer for the Best Coins to Join Now list. Conclusion: Three Titans, One Easy Choice Qubetics, Solana, and Cardano are all monsters in their own right. Solana’s making payments faster. Cardano’s making smart contracts smarter. But Qubetics? It’s opening an entirely new door to real-world finance — right here, right now. With its 32nd stage presale offering $TICS tokens at $0.2093, the project isn’t waiting for the future — it’s building it. And those real-world applications? They’re already knocking at the door. If you’re hunting for the Best Coins to Join Now in 2025, Qubetics deserves a spot at the top of your list. Don’t blink. This rocket’s already firing up. For More Information: Qubetics: https://qubetics.com Presale: https://buy.qubetics.com Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics FAQs What stage is the Qubetics presale at right now? Qubetics is in stage 32, selling $TICS tokens at $0.2093 each. What is Solana’s transaction speed? Solana processes up to 65,000 transactions per second. How is Cardano different from other smart contract platforms? Cardano emphasizes security, research-backed development, and low fees. What does the Qubetics Real World Asset Tokenization Marketplace do? It lets people tokenize and trade real-world assets like real estate or art. Why are Qubetics tokens gaining attention right now? Because they’re solving real-world problems and showing strong presale traction. The post Qubetics Hits 510 Million $TICS Sold — Solana and Cardano Top the List of Best Coins to Join Now appeared first on TheCoinrise.com .
In a recent announcement from COINOTAG News, it has been reported that the latest TGE event for Binance Wallet, dubbed MilkyWay, has successfully concluded. The event saw an unprecedented level
The Ethereum Foundation has announced a revamped leadership structure aimed at streamlining its strategic execution and reinforcing its core principles. The move, outlined in an April 28 blog post , divides responsibilities between a newly empowered management team and a visionary board of directors that will act as the “security council to protect the heart and soul” of Ethereum. Under this new structure , operational responsibilities will fall to a management team led by Hsiao-Wei Wang and Tomasz K. Stańczak, who were officially appointed co-executive directors on March 2, with their roles taking effect on April 28. While Stańczak’s two-year term as co-director will run alongside his continued involvement with infrastructure firm Nethermind and an upcoming Ethereum-centric venture capital initiative, Wang will also serve a key dual role as the bridge between the board and the management team. Alongside them, Bastian Aue will lead internal operations, talent, and training, while Josh Stark will steer project management and community communications. Buterin Remains Ethereum Foundation Pillar The board, composed of Ethereum co-founder Vitalik Buterin, Foundation President Aya Miyaguchi, legal advisor Patrick Storchenegger, and Wang, is tasked with steering the Ethereum Foundation’s philosophical direction. Buterin continues to be the project’s intellectual compass, while Miyaguchi focuses on partnerships and external alignment. Storchenegger, as always, ensures the foundation’s legal footing remains strong. While the decision to appoint co-executive directors may seem unorthodox, the board emphasized that it’s a deliberate response to Ethereum’s evolving needs—and yes, they retain the authority to reverse course if necessary. This leadership pivot arrives amid growing concerns that the Foundation has been absent in key ecosystem conversations, especially those around decentralized finance (DeFi), as vocalized by figures like Synthetix founder Kain Warwick. A Sense of Purpose Looking forward, the Foundation has outlined three primary areas of focus over the next year: scaling Ethereum Layer 1, optimizing Layer 2 blob space, and radically improving user experience. These aren’t vague ambitions—Ethereum researchers Dankrad Feist and Sophia Gold have already introduced proposals (EIP-9678 and EIP-9698) aimed at reducing friction at the protocol level. As Ethereum lags behind Solana in price performance—the Foundation’s restructuring is less a cosmetic change and more a signal: Ethereum’s leadership is waking up to its responsibility to guide the ecosystem forward. The post Ethereum Foundation Reshapes Leadership to Address Ecosystem Challenges appeared first on TheCoinrise.com .
Attention, crypto enthusiasts! If you’re a user of Bithumb , one of South Korea’s leading digital asset exchanges, there’s an important announcement you need to be aware of regarding your Ethereum holdings and other related tokens. Get ready for a temporary pause in deposit and withdrawal services for ETH and all Ethereum-based assets. Understanding the Upcoming Ethereum Hard Fork So, what’s causing this temporary disruption on Bithumb ? The reason is a significant event happening on the Ethereum network itself: an upcoming hard fork on the Ethereum mainnet. For those new to the blockchain world, a hard fork is essentially a major upgrade to the network’s protocol. Think of it like a software update for the entire blockchain – but one that isn’t backward compatible. It requires all participants (like nodes, miners, and exchanges) to upgrade to the new version. These upgrades are crucial for improving the network’s efficiency, security, and scalability. While beneficial in the long run, they require careful preparation from all involved parties to ensure a smooth transition and prevent potential issues. What Bithumb Announced About ETH and ERC-20 Tokens According to an official announcement on their website, Bithumb will be temporarily suspending deposits and withdrawals specifically for: Ethereum (ETH) All Ethereum-based tokens (these are typically known as ERC-20 tokens, which run on the Ethereum blockchain) This suspension is scheduled to begin on May 7th at 05:00 Coordinated Universal Time (UTC) . The exchange explicitly stated that this action is in preparation for the upcoming Ethereum mainnet hard fork. The exact duration of the suspension wasn’t specified in the initial snippet, but such measures usually last until the exchange is confident that the network upgrade is stable and their systems are fully compatible with the new chain version. Why Your Crypto Exchange Needs to Take Action You might wonder why a crypto exchange like Bithumb needs to halt deposits and withdrawals just because the underlying network is upgrading. It’s a necessary precaution to protect user funds and ensure the integrity of transactions. Here’s why: Preventing Transaction Issues: During a hard fork, there’s a brief period where the network might be in transition. Transactions sent during this time could potentially get lost, stuck, or even processed incorrectly if the exchange isn’t fully synchronized with the new chain. Ensuring Wallet Compatibility: Exchanges manage large volumes of user funds in wallets that interact directly with the blockchain. They need to ensure their wallet infrastructure is fully compatible with the post-fork network rules. Snapshotting Balances: Some hard forks might involve a snapshot of balances at a specific block height, especially if a new token is being introduced (though this is less common for standard Ethereum upgrades like this seems to be). Exchanges need to be prepared for this. Security and Stability: Pausing services allows the exchange to monitor the network’s stability after the fork and ensure their systems are secure against any unforeseen issues arising from the upgrade. By temporarily suspending these services, Bithumb minimizes the risk of errors, lost funds, or discrepancies for its users during this critical network transition period. How Does This Affect Bithumb Users? For users holding or trading ETH and ERC-20 tokens on Bithumb , the primary impact is straightforward: No Deposits: You will not be able to deposit ETH or any ERC-20 tokens into your Bithumb wallet from an external wallet or another exchange starting May 7th, 05:00 UTC. No Withdrawals: You will not be able to withdraw ETH or any ERC-20 tokens from your Bithumb wallet to an external wallet or another exchange starting May 7th, 05:00 UTC. Trading: The announcement snippet doesn’t explicitly mention trading suspensions. Typically, during deposit/withdrawal halts for hard forks, trading pairs involving the affected assets remain active on the exchange’s internal order book. However, it’s always best to check Bithumb’s official announcement for confirmation on trading status. This means if you need to move your ETH or ERC-20 tokens onto or off Bithumb , you must complete those transactions before the May 7th 05:00 UTC deadline. Preparing for the Upcoming Hard Fork : Actionable Insights Given this announcement, here are some actionable steps Bithumb users should consider: Plan Ahead: If you need to deposit ETH or ERC-20 tokens onto Bithumb for trading or any other reason, do so well before May 7th, 05:00 UTC. If you need to withdraw ETH or ERC-20 tokens from Bithumb to an external wallet or another platform, initiate the withdrawal request well before the deadline. Don’t wait until the last minute, as network congestion or processing delays could cause issues. Stay Informed: Keep a close eye on Bithumb’s official website and communication channels (like their announcements page or social media). They will provide updates on the status of the suspension and, crucially, announce when deposits and withdrawals are expected to resume. Monitor the progress of the Ethereum hard fork itself through official Ethereum channels or reputable crypto news sources. Be Patient: Understand that the suspension is temporary and necessary for the security and stability of your assets on the platform. Avoid attempting to deposit or withdraw affected tokens during the suspension period, as this could lead to complications. This temporary measure is a standard procedure undertaken by major exchanges like Bithumb during significant network upgrades. It reflects their commitment to protecting user assets and ensuring the platform’s compatibility with the evolving blockchain landscape. Conclusion: Navigating the Temporary Pause on Bithumb In summary, Bithumb is proactively preparing for the upcoming Ethereum hard fork by temporarily halting deposits and withdrawals of ETH and all ERC-20 tokens starting May 7th at 05:00 UTC. This is a necessary step for any responsible crypto exchange to ensure the safety and integrity of transactions during a major network upgrade. While inconvenient, this temporary suspension is crucial for a smooth transition post-fork. Users are advised to complete any necessary deposits or withdrawals before the deadline and monitor Bithumb’s official announcements for updates on the resumption of services. To learn more about the latest Ethereum trends and crypto exchange developments, explore our article on key developments shaping Ethereum and the broader crypto market.
The post Circle Secures UAE Approval to Boost USDC Operations in the Middle East appeared first on Coinpedia Fintech News Circle, the company behind the $62 billion USDC stablecoin, has received in-principle approval from Abu Dhabi Global Market’s Financial Services Regulatory Authority. This approval allows Circle to operate as a money services provider in the UAE, marking a major step in its Middle East expansion. The announcement comes shortly after Circle launched a new payments network to grow USDC adoption. Meanwhile, the firm remains in a quiet period following its IPO filing in the United States.
In a recent post, crypto analyst EGRAG CRYPTO shared an in-depth analysis of the XRP/BTC trading pair, suggesting that a major move could be imminent within the next six months. Accompanying his post was a detailed chart illustrating key Fibonacci levels, moving averages, and a symmetrical triangle formation that may signal a significant price breakout. #XRP / #BTC – MAX 6 Months Left to Valhalla! I have posted many discussions about a hot summer ahead in the crypto world and specifically in #XRP and #Alts . The chart below suggests the following: 1⃣ Closing below the 21 EMA on 2 Weeks Time Frame, isn't favorable for us,… pic.twitter.com/TW6q8Ti5lM — EGRAG CRYPTO (@egragcrypto) April 27, 2025 EGRAG CRYPTO emphasized that he has previously discussed the likelihood of a “hot summer” for cryptocurrencies, particularly XRP and alternative coins, and reinforced this view with his latest chart. The analyst outlined that a close below the 21-week EMA would not be favorable. However, he stressed that maintaining a position above the 0.5 Fibonacci retracement level (0.00001552 BTC) is crucial if the 21 EMA is lost. EGRAG CRYPTO warns that falling below this threshold could undermine the bullish structure he is monitoring. On the other hand, a close above the 0.786 Fibonacci level (0.000029 BTC) would serve as an early bullish indicator, suggesting that the bullish formation is beginning to play out. Key Indicators for Formation Validation EGRAG CRYPTO identified the 1.0 Fibonacci level (0.00044 BTC) as a decisive marker. A successful close above this level would confirm that the bullish structure has been activated. At that point, the analyst explained that he would shift focus to analyzing both the XRP/USD and BTC/USD trading pairs to determine whether XRP is outperforming Bitcoin or if Bitcoin itself is declining relative to XRP. He noted that either scenario would provide critical insights into whether Bitcoin is approaching the final phase of its USD-denominated market cycle. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 According to the chart and commentary, the measured target for the full formation lies between the 1.414 and 1.618 Fibonacci extension levels. Specifically, the chart labels these targets around 0.00009500 BTC to 0.00014000 BTC. Based on Bitcoin’s USD valuation, this could translate to an XRP price between $9.50 and $27.00. Chart Structure and Future Implications The attached chart from EGRAG CRYPTO displayed a symmetrical triangle pattern combined with a bullish pennant, providing what he described as “double targets.” If confirmed by price action respecting the specified Fibonacci levels, the breakout from this consolidation structure would point towards a significant revaluation of XRP against Bitcoin. Historical cyclical patterns were also marked, with previous major bottoms highlighted in yellow circles, suggesting a repeatable behavior pattern is emerging. EGRAG CRYPTO bases part of his analysis on these past trends, indicating that XRP might enter another phase of outperformance against Bitcoin. Finally, EGRAG CRYPTO encouraged the XRP community , referred to as the “XRP Family,” to remain steady and strong through the coming months. He reiterated that the technical setup indicates a critical timeframe, projecting that a resolution of this pattern should occur no later than September 1, 2025, as noted on his chart. 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 urged to do in-depth 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. Follow us on X , Facebook , Telegram , and Google News The post Egrag Crypto Forecasts $9.5 to $27 XRP Price Rally. Here’s the Timeline appeared first on Times Tabloid .