Schlagwort: crypto business

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Dubai’s VARA issues warning about the risks associated with memecoins

  • Dubai’s Virtual Assets Regulatory Authority has warned of memecoin risks and high volatility
  • Compliance with VARA regulations is mandatory for memecoins
  • VARA may restrict memecoin platforms without notice

Dubai’s Virtual Assets Regulatory Authority (VARA) has sounded the alarm on the burgeoning trend of memecoins, highlighting the significant risks these volatile digital assets pose to investors.

In an alert issued on February 13, 2025, VARA cautioned consumers and investors about the speculative nature and potential for financial loss associated with these digital currencies.

Memecoins, which have gained notoriety for their rapid price fluctuations driven by social media trends and speculative hype, are now under the regulatory microscope in Dubai.

VARA describes these assets as lacking intrinsic value, often manipulated by market forces or misleading promotional strategies. The authority warns that the allure of quick, unrealistic returns is a red flag often associated with fraudulent schemes, urging investors to tread carefully.

The regulatory body emphasizes that the landscape of memecoins is fraught with dangers such as liquidity shortages, price collapses, and outright scams. The potential for significant financial loss is high, and the speed at which these events can occur is alarming.

Investors are reminded that the vibrant community and social media buzz around a memecoin might not translate into sustainable investment value.

Memecoins issued within Dubai must comply with regulations

VARA has made it clear that any memecoin issued within Dubai must comply with its established regulations. This includes the stringent marketing rules designed to protect consumers from deceptive advertising.

The promotion, advertisement, or solicitation of memecoins must adhere to VARA’s guidelines, or face the possibility of enforcement actions. The authority has the power to impose fines, with penalties reaching up to $135,000 for those who flout these rules.

Moreover, VARA has the authority to restrict access to memecoin platforms without prior notice, a measure intended to safeguard the market and protect investors. This capability underscores the regulator’s commitment to maintaining market integrity and ensuring consumer safety in the volatile world of digital assets.

The push for crypto regulatory oversight worldwide

The warning from VARA is part of a broader push for regulatory oversight in the cryptocurrency market, not just in Dubai but globally.

The United Kingdom’s Financial Conduct Authority (FCA), for instance, has also been scrutinizing memecoins. It recently issued warnings against specific projects like Retardio on the Solana blockchain, highlighting the lack of investor protections in such ventures.

VARA’s alert serves as a reminder that while the digital asset space offers innovation and potential, it also harbours significant risks. The authority’s proactive stance in Dubai aims to ensure that the excitement around new forms of digital currency does not overshadow the need for due diligence and regulatory compliance.

The post Dubai’s VARA issues warning about the risks associated with memecoins appeared first on CoinJournal.

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Lights are nearly out for 1Fuel launch: XRP & Solana investors eye OFT launch as analysts predict big upswing for 1Fuel

Over the years, Ripple (XRP) and Solana (SOL) have dominated the market as two of the best cryptos for long-term investors.

However, times are changing rapidly, paving the way for 1Fuel, a revolutionary newcomer that has raised over $2 million via its stage three presale.

Read on to discover why a growing number of experts are calling 1Fuel the “best crypto presale for 2025” and why it might outperform XRP and SOL by a huge margin.

XRP struggles to recover recent losses

The XRP price has shaken investor confidence after dumping over 25% in the past month. 

Like many altcoins, XRP is now bearing the brunt of Trump’s tariff policies. Increased tariffs could boost inflation, risking higher Fed rates—an outcome that historically causes crypto prices to plummet.

Today, the XRP price is $2.71, representing a 14-day loss of 12%.

Solana’s price was rocked by volatility

In the past week the Solana price has fallen by 6%, causing losses for holders.

For context, Solana was one of the biggest gainers from Trump’s presidential race, soaring to $293 in January after Trump launched his meme coin on the Solana chain.

Many analysts thought the SOL price rally would continue longer. However, Solana corrected shortly after and has traded bearishly ever since.

Today, the SOL price is $197, representing 6% losses over the week and 18% losses on its 14-day chart.

Bearing considerable losses, many investors are now exploring the best cryptos that offer stable yet explosive growth, such as 1Fuel.

Could 1Fuel emerge as the best crypto presale?

At its core, 1Fuel makes blockchain tech more accessible by providing a secure one-click crypto wallet.

With 1Fuel, you can forget about multiple wallets and excessive network fees. Just choose the crypto you want to trade with, specify the asset you want to own (no matter the network), and then sit and relax as 1Fuel handles the rest.

1Fuel’s consensus mechanism also reduces the ecological impact of blockchain transactions. This factor adds an extra layer of appeal for investors who are attracted to eco-friendly cryptos.

Additionally, 1Fuel is in its presale phase, having raised nearly $2.1 million through OFT token sales. OFT’s entry price is now $0.018, and it is expected to surge 100x in the coming months. 

This presale event offers early adopters the potential to achieve big gains on a relatively small investment.

Conclusion

XRP and Solana are undoubtedly two of the best cryptos to hold, thanks to their established communities and loyal investor bases.

However, after the recent sell-offs, many investors are jumping at the chance to obtain 1Fuel, which offsets losses through its low presale entry and focus on utility-driven growth.

You can find out more about the 1Fuel presale below:

Website: https://1fuel.io/

Telegram: https://t.me/Portal_1Fuel

Twitter / X: https://x.com/1Fuel

The post Lights are nearly out for 1Fuel launch: XRP & Solana investors eye OFT launch as analysts predict big upswing for 1Fuel appeared first on CoinJournal.

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SEC acknowledges Grayscale’s Dogecoin and XRP ETF filings

  • If approved, the Dogecoin and XRP ETFs will trade on the NYSE Arca exchange
  • The SEC has 240 days to approve or reject the filings once they have been submitted to the SEC’s federal register
  • Last week, the Cboe filed four XRP ETFs on behalf of 21Shares, Bitwise, Canary Capital, and WisdomTree

The US Securities and Exchange Commission (SEC) has acknowledged 19b-4 filings from Grayscale to list spot Dogecoin and XRP exchange-traded funds (ETFs).

The SEC announced the acknowledgements of the Grayscale Dogecoin Trust and the Grayscale XRP Trust on February 13. If approved, NYSE Arca will list the shares of the two trusts.

The 240-day window countdown will only begin once both filings have been submitted to the SEC’s federal register.

Multiple ETFs

Over the last few weeks, various organizations have submitted 19b-4 forms to the SEC to list and trade crypto ETFs.

Last week, the Chicago Board Options Exchange (Cboe) filed four separate filings on behalf of issuers to launch spot XRP exchange-traded funds (ETFs). These were filed for 21Shares, Bitwise, Canary Capital, and WisdomTree.

In October, Bitwise filed an S-1 form with the SEC for an XRP ETF. Similarly, Canary Capital filed for an XRP ETF last year, reflecting its broader strategy of bringing multiple crypto ETFs to the market.

This round of ETF forms comes as the SEC is undergoing a major shift, which could see a more crypto-friendly approach. Crypto-friendly Mark Uyeda is currently the acting chair of the SEC.

The odds are on a Litecoin ETF

Despite a push for XRP ETFs, Bloomberg analysts believe that a Litecoin ETF has a 90% chance of being approved in 2025.

James Seyffart and Eric Balchunas looked at the spot crypto ETFs, mainly focusing on Dogecoin, Litecoin, Solana, and XRP. In their opinion – after Litecoin – a Dogecoin ETF has a 75% chance of approval, a Solana ETF has a 70% chance, and an XRP ETF has a 65% approval rating.

Seyffart added that it’s unlikely the market will see an XRP ETF until the whole Ripple/XRP/SEC case is settled, finished, or has some sort of outcome.

“The SEC needs to untangle that mess,” he said.

Nasdaq filed two 19b-4 forms with the US Securities and Exchange Commission (SEC) on behalf of CoinShares for Litecoin and XRP exchange-traded funds (ETFs).

Nasdaq is seeking approval to list and trade a CoinShares Litecoin ETF and XRP ETF after CoinShares submitted its S-1 filings in January.

The post SEC acknowledges Grayscale’s Dogecoin and XRP ETF filings appeared first on CoinJournal.

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Could a falling XRP price and interest from Solana whales slingshot 1Fuel on a big upward trajectory?

Is the new kid on the block about to outshine big name rivals like XRP and Solana with a major rally? A growing number of XRP and Solana investors seem to think so, as they turn their attention to the all-new privacy-focused cryptocurrency, and one-click, cross-chain crypto transactions pioneer, 1FUEL. 

Launched towards the end of 2024, 1FUEL is positioning itself as the best cryptocurrency to buy in 2025, with big wallet investors and analysts both expecting big things from the newcomer. Having raced past a $2 million milestone in its initial three presale stages, phase four is already selling out as word spreads about 1FUEL’s unprecedented technology stack. 

With XRP prices flatlining and Solana whales giving their backing, 1FUEL could be about to slingshot on a big upward trajectory. Read on to find out more. 

XRP investors hang on tight as price takes a roller coaster journey 

It’s currently a rollercoaster ride for XRP investors. XRP started the month with a steep 27% decline. Since then, XRP prices have picked up a modest 4.25% increase in the last week with prices being fuelled by ETF expectations , but there’s a catch.

XRP prices have underperformed lately, trading below the moving average. There has also been an increase in investors choosing short positions, which means that sentiment suggests a move lower could be on the horizon. This could have been fuelled by the volatility of the last 10 days or so, and could precede a drop to $2. 

While XRP investors wait to see what will happen, any drop lower could fuel a 1FUEL surge, with the secure crypto wallet poised for a 100x breakout as its cryptocurrency presale continues at a rapid pace. 

Solana whales throw their weight behind 1FUEL’s innovative technology 

Since making its debut, 1FUEL has set itself apart by the strength of its innovative technology. Solana whales are the latest to be wowed by 1FUEL’s functionality, which includes a totally new concept in the form of one-click, cross-chain transactions. This innovation alone could be enough to see 1FUEL overshadow Solana on its official launch later this year. 

Solana is recognised for its fast transaction speeds, which is where Solana whales may find an affinity with 1FUEL. It has overhauled the traditionally lengthy and complex process of conducting cross-chain crypto transactions with AI-powered innovation. The 1FUEL system requires the user to do no more than select their coin, and from there 1FUEL handles the transaction. This speeds up the process as the user isn’t juggling multiple wallets, exchanges or fees. 

1FUEL’s one-click, cross-chain transactions isn’t just winning praise from Solana whales because it’s faster and easier. This streamlined technology has notable accessibility benefits and could redefine who is able to benefit from digital asset management in the coming months. It could feasibly put digital asset management on the mainstream map, by making the whole process as easy and intuitive as the typical online banking process. 

Check out the presale

The 1FUEL cryptocurrency presale is happening now, with stage four now underway. Whether you’re new to crypto investing or a seasoned investor with a lot of skin in the game, 1Fuel’s growth potential is worth a look.

Find out more below:

Website: https://1fuel.io/

Telegram: https://t.me/Portal_1Fuel

Twitter / X – https://x.com/1Fuel

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Michigan proposes investments in Crypto as Bitcoin Pepe’s presale nears $2m

Key takeaways

  • Michigan has joined the wave of other states in the U.S. looking to invest in cryptocurrencies.
  • Bitcoin Pepe’s presale approaches $2m two days after launch.

Michigan proposes crypto investments

More states in the United States are looking to invest in cryptocurrencies. Michigan’s state representatives, Bryan Posthumus and Ron Robinson, proposed House Bill 4087 to allow the state to invest in Bitcoin and other cryptocurrencies. 

If the bill is approved, the state treasurer can allocate up to 10% of Michigan’s general and economic stabilization funds to cryptocurrencies. Michigan joins a wave of other states in the U.S. proposing to invest in cryptocurrencies. 

What is Bitcoin Pepe?

With Michigan and other states looking to invest in cryptocurrencies, Bitcoin will likely top the list as it is the number one crypto by market cap. Bitcoin Pepe is leveraging Bitcoin’s position in the market to introduce memecoins to its ecosystem. 

It is a layer-2 network building on the Bitcoin blockchain. Bitcoin Pepe is a meme-specialized layer-2 solution built on top of Bitcoin, bringing Solana-style scalability to the Bitcoin network.

According to the whitepaper, Bitcoin Pepe is designed to become ground zero for all memecoin trading and move all this economic activity to the BTC ecosystem. This project will unlock DeFi and meme trading on top of BTC. The team describes Bitcoin Pepe as the perfect fusion between BTC’s security and the unstoppable force of memecoins.

The team added that Bitcoin Pepe is the first-ever meme initial coin offering (ICO) on the Bitcoin blockchain. With this, BTC Maxis will be able to trade memes, and combining high levels of trust (BTC) with high levels of performance (SOL) will lead to high levels of retail mass adoption.

How can Bitcoin Pepe advance the Bitcoin ecosystem?

Bitcoin is the oldest blockchain in the ecosystem but offers less utility than smart contract blockchains like Ethereum and Solana. However, Bitcoin Pepe plans to open up the blockchain further by allowing the launch of memecoins and other narratives on the network. 

By ushering in memes on Bitcoin, Bitcoin Pepe will turn the blockchain into the home base for the crazy high-octane meme experience. The team believes the BTC bridge will unlock $2 trillion in dormant BTC capital and make it available for memecoin trading.

Bitcoin Pepe will launch as a Layer-2 network, providing the necessary infrastructure for all memes to migrate to BTC and ensuring security and liquidity for investors and users. 

Bitcoin Pepe presale raises $2m in two days

Bitcoin Pepe’s presale launched two days ago and is already close to a new milestone. According to their official whitepaper, the Bitcoin Pepe presale has raised $1,937,568 in just two days.

This isn’t surprising, as its native token, $BPEP, will power the Bitcoin Pepe layer-2 network and several other activities within the ecosystem. The presale allows investors to buy the tokens before they are listed on exchanges. 

Investors can purchase the $BPEP tokens using various cryptocurrencies, including ETH, USDT, USDC, BNB, and SOL. 

The presale could be an opportunity to purchase $BPEP at a discount. Solana’s SOL currently trades at $196 per coin. However, it was sold for $0.22 during its presale in 2020, indicating how early investors benefit from partaking in presales.

Bitcoin Pepe aims to be a leading L2 network on Bitcoin, offering users security and liquidity. In addition to that, it is leveraging the recent growth of memecoins to launch as one while working to introduce more memecoins to the Bitcoin ecosystem.

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